Conflict Minerals Policy
"Conflict Minerals" refers to minerals or other derivatives (specifically, Tin, Tantalum, Tungsten, and Gold) mined in the eastern provinces of the Democratic Republic of the Congo (DRC) and in the adjoining countries where revenues may be directly or indirectly financing armed groups engaged in civil war resulting in serious social and environmental abuses. In July 2010, the United States passed HR4173, the Dodd-Frank Financial Reform Bill section 1502(b) requiring all US public companies and their suppliers to disclose the chain of custody usage of conflict minerals.
Precision Inc. supports the actions of the EICC and GeSI and has either obtained, or is in the process of obtaining, information from our suppliers concerning the origin of the metals that are used in the manufacture of Precision Inc. products or the components that we purchase to assemble our products. Based upon information provided by our suppliers to date, Precision Inc. does not knowingly use metals derived from the Conflict Region in our products.
Precision Inc. is asking its suppliers that use metals in the manufacturing process (specifically gold, tin, tantalum, and tungsten) to demonstrate that they understand and support EICC-GeSI actions and will not knowingly procure specified metals that originate from the Conflict Region. Due diligence from each supplier must include, where applicable, completion of the EICC-GeSI Conflict Minerals reporting template.