MicroConnex Policy on Conflict Material
MicroConnex Policy on Conflict Materials
MicroConnex is concerned about the use of natural resources to fund the armed conflict in the Democratic Republic of the Congo. While we believe it is unlikely any Conflict Materials or their derivatives are used in MicroConnex products, it is our policy to avoid the use of materials from such sources.
Dodd-Frank Wall Street Regulation and Consumer Protection Act
The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed by President Obama on July 21, 2010, are new requirements for manufacturers of products containing tin, tantalum, gold, tungsten, or any other “conflict metals”. Specifically, section 1502, of the new law imposes direct SEC reporting requirements on any publically traded companies whose products contain metals derived from conflict materials. Conflict Minerals are mined in or near areas such as the Democratic Republic of Congo (DRC), which benefit armed groups committing violence in the DRC. The Dodd-Frank Wall Street Regulation and Consumer Protection Act define “Conflict Minerals” as: gold, tantalum, tin, tungsten, or any other mineral or its derivative determined by the U.S. Secretary of State to be financing conflict in the DRC or an adjoining country.
MicroConnex uses the aforementioned materials in our products. Not every product contains every metal or metal at all. Some of the products may contain one of the aforementioned metals, excluding tantalum. Although MicroConnex is not publically traded, many of our customers are members of the New York Stock Exchange. It is our due diligence to provide them with the knowledge and security MicroConnex products are derived from Conflict-Free Minerals.
What will MicroConnex do to prevent the introduction of Conflict Minerals into our Supply Chain?
MicroConnex will continue to work with our suppliers to help them understand the issues around Conflict Minerals and to ensure the origin of the metals in components and materials are derived from Conflict Free Minerals.
Paul Henwood
President & CEO
MicroConnex Corporation
