Beginning in 2014, Section 1502 of the 2010 Dodd-Frank Act requires publicly-traded companies to file an annual disclosure with the U.S. Securities and Exchange Commission, stating if their products include metals, “Conflict Minerals” sourced from the Conflict Region, currently defined as the Democratic Republic of the Congo and the adjacent countries, Angola, Burundi, the Central African Republic, The Republic of Congo, Uganda, Rwanda, South Sudan, Tanzania and Zambia.
Coda Octopus Colmek (“Colmek”) supports the 2010 Dodd-Frank Act and the related U.S. Securities and Exchange Commission rule that promotes transparency and consumer awareness regarding the use of “Conflict Minerals”.
“Conflict Minerals” include Columbite-Tantalite (Tantalum), Cassiterite (Tin), Gold, Wolframite (Tungsten) and any derivatives from these minerals, all of which are used in the manufacture of our products.
As part of our “Due Diligence” process, Colmek must conduct a reasonable “country of origin” investigation for the “Conflict Materials” contained in our products.
To the extent that Colmek’s offerings may include these materials, Colmek is committed to working with our suppliers to increase visibility regarding the origins of the materials so that sources are conflict-free.
We encourage our suppliers to adopt similar policies and management systems with respect to Conflict Minerals and to drive those efforts throughout their supply chain to ensure that the specified metals are being sourced only from (1) mines and smelters outside the “Conflict Region” or (2) mines and smelters within the Conflict Region which have been certified by an independent third party as “conflict free.”
In order for Colmek to comply with this legal requirement in the US, we request your support.