Conflict Minerals Policy Statement
In 2010, the Dodd-Frank Act was signed into federal law by President Barack Obama, aiming to improve accountability and transparency in the financial system. Section 1502 of the Act is a disclosure requirement on companies to determine whether their products were manufactured with conflict materials – tin, tungsten, tantalum, and gold mined specifically from the eastern portion of the Democratic Republic of Congo (DRC) – and to report this to the Securities and Exchange Commission. This legislation was designed to hamper the national army and rebel groups’ desire and ability to illegally use funds from the minerals trade to support their fighting. As it has been shown by the UN Joint Human Rights in the DRC, there is a direct link between violence and competition over access to minerals.
Companies who use materials classified under the U.S. Conflict Minerals Law to manufacture their products can contribute towards stability in the DRC by sourcing their materials elsewhere. This includes performing supply chain due diligence because minerals mined in Eastern DRC are passed through many middlemen as they are exported from the continent; neighboring countries such as Angola, Burundi, Central African Republic, Congo Republic, Rwanda, South Sudan, Tanzania, Uganda, Zambia are subject to the U.S. Conflict Minerals Law.
Anyload observes Section 1502 of the Dodd-Frank Act and fully complies with the U.S. Conflict Minerals Law. None of the materials used in the manufacturing process of load cells are sourced from the DRC or its nine adjoining nations. We will continue to exercise due diligence with relevant suppliers and expect our suppliers to do the same. We also commit to transparency to the above mentioned motions and will make available reports to relevant stakeholders and the public.