SMP Technology Inc. Statement on Conflict Minerals
SMP Technology Inc. is aware of and concerned by reports that profits from the sale of certain metals mined in the Democratic Republic of the Congo (DRC) or adjoining countries have helped fuel war and human rights violations in the eastern Congo. Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act imposes new supply chain reporting requirements on U.S. publicly traded companies to promote transparency and consumer awareness regarding the use of "conflict minerals" (tantalum, tin, gold and tungsten, or "3TG") that directly or indirectly finance or benefit armed groups in that region.
As required by the Dodd-Frank Act, the U.S. Securities and Exchange Commission (SEC) has adopted rules requiring publicly traded companies to disclose certain information about the use of 3TG that originated in the DRC or an adjoining country in their products. Companies are also required to perform a reasonable country of origin inquiry and, if necessary, additional due diligence to confirm that the use of 3TG is conflict free. Conflict free means the product does not contain 3TG that directly or indirectly finances or benefits armed groups in the DRC or an adjoining country.
SMP Technology Inc , like many companies in electronic product industries, uses some of these materials in the manufacturing of our products as they are required for the functional performance of the products. SMP Technology Inc. does not purchase these metals directly from smelters or mines, so we must rely on the source information provided by our suppliers. SMP Technology Inc is working closely with our direct suppliers to trace newly mined minerals back to their origin in order to ensure responsible sourcing. As tracing methods evolve, we intend to incorporate appropriate proven methods in our program. SMP Technology Inc. requires suppliers whose products contain 3TG to submit this information to SMP Technology Inc. using the standardized EICC/GeSI Conflict Minerals Reporting Template that traces the metals back through the supply chain. SMP Technology Inc. also supports industry initiatives such as the Conflict Free Smelter (CFS) program to validate responsible and sustainable sources. If SMP Technology Inc .becomes aware of a supplier whose supply chain includes metals from a conflict source, SMP Technology Inc .will take the appropriate actions to remedy the situation in a timely manner, including reassessment of supplier relationships. SMP Technology Inc. expects our suppliers to take similar measures with their suppliers to ensure alignment throughout the supply chain.
SMP Technology Inc’s supply chain audit is ongoing and we will comply with the reporting requirements by May 31, 2015, the annual reporting deadline outlined by the Dodd-Frank regulations.
If you require specific conflict mineral sourcing information for SMP Technology Inc ‘s products or require more information on our policy, please contact us thru email@example.com or calling us at 831-438-9191.