DODD-FRANK ACT

INFORMATION

SMART IN FLOW CONTROL.

Manufacturer's declaration

The U.S. Securities and Exchange Commission added section 1502 on conflict minerals to the Dodd-Frank Wall Street Reform and Consumer Protection Act. According to this law, companies listed on US stock exchanges must annually furnish proof that the following mineral raw materials (ores) or their derivatives:

  • Tantalum
  • Tin
  • Tungsten
  • Gold

that do not originate from countries that directly or indirectly finance armed conflict or result in labor or human rights violations.
SAMSON as a supplier is indirectly affected by this law. We take our responsibility very seriously. We have notified our suppliers that we do not tolerate the use of materials originating in the regions mentioned in section 1502 in products supplied to us. In addition, we asked the suppliers in question to reveal the origin of the materials and their derivatives mentioned above and to confirm in writing that the stipulations of section 1502 of the Dodd-Frank Act are complied with.
According to the responses we have received, no supplier is in violation of section 1502 of the act.

The Dodd-Frank Wall Street Reform and Consumer Protection Act (or Dodd-Frank Act) was passed in the US in July 2010. According to section 1502 of this law, suppliers serving companies listed on US stock exchanges must annually disclose information on the use of conflict materials in their products. 'Conflict minerals' refers to raw materials that directly or indirectly finance armed conflict or result in labor or human rights violations. According to the Dodd-Frank Act, this covers tin, tantalum, tungsten, gold, and their derivatives originated in the Democratic Republic of the Congo (DRC) and adjoining countries.