November 26, 2013 Frequency Electronics, Inc. Statement Regarding Conflict Metal
Frequency Electronics, Inc. takes seriously our responsibility to conduct its operations in a socially, ethically, and environmentally responsible manner. We recognize that we are accountable, and do not knowingly support or contribute to the violence and human rights violations associated with the mining of, and trading of certain metals, specifically, tantalum, tungsten, cobalt, tin, and gold (Conflict Minerals).
The Security Exchange Commission’s 2012 final rule requires the disclosure of Conflict Minerals used in the manufacture of products by publicly traded companies. Frequency Electronics, Inc is committed to support the objective of the U.S. Legislation, on the supply of “conflict minerals”, and is committed to use our best efforts to ensure that we do not directly or indirectly support violence and human rights abuses in the DRC.
We have begun an inquiry process to secure information, which will take time to compile. We are asking our suppliers to undertake reasonable due diligence, to assure, in writing, that the specified metals are only being sourced from mines and smelters outside the identified DRC region or from mines and smelters which have been certified by an independent third party as “conflict free”. We will continue to work with our suppliers to verify that they support DRC conflict free rules. If we discover any of these minerals have been produced in a “non conflict free” area we will assess future business with those suppliers, and encourage them to adopt similar policies and management systems with respect to Conflict Minerals and to drive those efforts throughout their supply chain. FEI will drill down to 2nd tier suppliers, if we cannot obtain satisfactory results through our first tier.
We are committed to comply with all federal, state, local, and foreign laws, and will provide updated information as it becomes available on our website www.freqelec.com