Conflict Minerals
Policy Statement
As
required by the Dodd-Frank Act, the U.S. Securities and Exchange Commission
(SEC) has adopted rules requiring publicly traded companies to disclose whether
they use conflict minerals that originated in the Democratic Republic of the
Congo (DRC) or an adjoining country and if so, to issue a report identifying
their products that are not conflict free and their due diligence efforts to
determine the country of origin and chain of custody of the metals. Conflict
free means the product does not contain conflict minerals that directly or
indirectly finances or benefits armed groups in the DRC or an adjoining
country.
The definition of "conflict minerals" refers to gold, as well as tin,
tantalum, and tungsten, the derivatives of cassiterite, columbite-tantalite,
and wolframite, regardless of where sourced, processed or sold. The U.S.
Secretary of State may designate additional minerals in the future.
Crandall
Stats and Sensors, Inc. is committed to being a responsible corporate citizen
and is opposed to human rights abuses. As part of that commitment, Crandall
Stats and Sensors, Inc. seeks to source products, components and materials from
companies that share our values around human rights, ethics and environmental
responsibility.
Crandall
Stats and Sensors, Inc. requires our suppliers to exercise due diligence to
investigate the source of those minerals. That includes providing us with
completed conflict minerals declarations using the Conflict Minerals Reporting Template.
We
are working with our suppliers so that they respond in a timely manner to our
requests for evidence of compliance. In the future, our suppliers' willingness
to comply with this initiative could be a factor in our sourcing decisions.
We
will continue to evaluate our policies and collaborate with other companies to
share information and approaches that aid with rule compliance.
Michael
Crandall
President
Crandall
Stats and Sensors, Inc.