Statement on Conflict Minerals
In July 2010, President Barack Obama signed into law the Wall Street Reform and Consumer Protection Act, also known as the Dodd-Frank Act. Although the focus of the Act is financial market regulatory reform, it also imposes new requirements relating to "Conflict Minerals". Specifically, Section 1502 of the Act imposes Security and Exchange Commission (SEC) reporting requirements upon publicly traded companies whose products contain metals derived minerals defined as "conflict minerals" which include Tantalum, Tin, Tungsten and Gold.
The new reporting requirements reflect Congressional concerns that revenues obtained from the mining and transportation of conflict minerals could be used to finance the ongoing conflict in the Democratic Republic of Congo (DRC) and nine surrounding countries.
On August 22, 2012, the SEC adopted the Conflict Minerals Final Rule.
Summary prepared by IPC
In accordance with the Dodd-Frank Act, Rose Electronics is implementing systems to allow supply chain transparency with regard to Conflict Minerals. Please contact Rose Electronics at (408) 943-0200 for further information.