May 16, 2014
There has been increased global awareness of violence and human rights violations in the mining of certain minerals from a location described as the “Conflict Region”, which is situated in the eastern portion of the Democratic Republic of the Congo (DRC) and surrounding countries. These “conflict minerals” have been identified as gold, tin, tantalum, and tungsten (3T&G), the derivatives of cassiterite, columbite-tantalite, and wolframite, regardless their country of origin, where they’re processed or sold. Companies around the world have been requested to practice reasonable due diligence with their supply chain to assure that specified metals are not being sourced from mines in the Conflict Region, which is controlled by non-government military groups, or unlawful military factions.
As a result, the U.S. Securities and Exchange Commission (“SEC”) adopted final rules to implement reporting and disclosure requirements related to “conflict minerals,” as directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The rules require manufacturers who file certain reports with the SEC to disclose whether the products they manufacture or contract to manufacture contain “conflict minerals” that are “necessary to the functionality or production” of those products.
As a manufacture of metal components, UTITEC, Inc. supports this initiative and has either obtained, or is in the process of obtaining, information from our current metal suppliers concerning the origin of the metals that are used in the manufacturing of UTITEC, Inc. components. Based upon information provided by our suppliers, UTITEC, Inc. does not knowingly use metals derived from the Conflict Region in our components. UTITEC, Inc. is committed to working with our customers and our suppliers to ensure effective implementation of this legislation.
If UTITEC, Inc. determines that our suppliers are providing non-conflict free material, we will take the appropriate actions to transition to those suppliers that are abiding by the conflict free policy.