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PTC Issues Tool for Conflict Minerals Compliance

PTC has developed a tool for complying with new U.S. Securities and Exchange Commission (SEC) rules on identifying the presence of conflict minerals in high-tech products and supply chains.

The PTC Materials Compliance Solution is being offered as a managed service. The new requirement is part of the 2010 Dodd-Frank Act, which includes a provision requiring manufacturers to identity the use of tin, tantalum, tungsten and gold in their products, and report on whether any of those materials originated from designated mines with the Democratic Republic of the Congo. Companies listed on the U.S. stock exchanges have until May 31, 2014 to make their first annual disclosure about the use of conflict minerals. The new offering from PTC allows users to assess and report on the status of conflict minerals within their products and across their supply chains. They can automate the collection of data and country-of-origin inquiries, generate internal risk-assessment reports, and collect required information.

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