Conflict Minerals Policy
Norsat International Inc. (“Norsat” or the “Company”) supports ending the violence and human rights violations in the mining of certain minerals from across the Democratic Republic of Congo and its adjoining countries (“ the DRC region”). Conflict minerals originating from the DRC region are sometimes mined and sold by armed groups to finance conflict characterized by extreme violence. Some of these minerals and the metals created from them can make their way into the supply chains of the products used around the world. Norsat’s suppliers acquire and use minerals from multiple sources worldwide.
In 2010, the U.S. Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”), pursuant to which the U.S. Securities and Exchange Commission (the “SEC”) issued rules requiring certain reporting companies to make disclosures under specific circumstance concerning the use of Conflict Minerals – defined in the Act as tantalum, tin, tungsten (and the ores from which they originate) and gold. Conflict Minerals are used in the manufacture of a variety of commercial products, including many of our products.
Our role in the supply chain
As part of Norsat’s commitment to corporate responsibility and respecting human rights in its own operations and in its supply chain, it is Norsat’s goal to seek to use tantalum, tin, tungsten and gold in its products that are DRC conflict fee.
Norsat is taking systematic steps to understand whether any Conflict Minerals in the Company’s products are financing the conflict and violence in the DRC region. Due to the complexity of the Company’s supply chain, this undertaking is ongoing and will require significant investment of time and resources.
Norsat expects its suppliers to have in place policies and due diligence measures that will enable Norsat to reasonably assure that products and components supplied to the Company containing conflict minerals are DRC conflict fee.
Norsat is committed to working towards avoiding the use of Conflict Minerals within its supply chain that directly or indirectly finance or benefit armed groups in the DRC region.
Norsat is planning and implementing steps to determine the use, source and origin of Conflict Minerals in its supply chain. The Company will work closely with direct suppliers to support the Company in carrying out these steps and fulfilling the SEC reporting requirement.