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HP 634

Enhancement to HP Compliance Data Exchange (CDX) Supports Upcoming Deadline From U.S. Securities and Exchange Commission.

 PALO ALTO, CA -- (Marketwired) -- 02/25/14 -- HP (NYSE: HPQ) today announced a new enhancement to the HP Compliance Data Exchange (CDX) that will enable manufacturers to accurately and efficiently report the presence of conflict minerals from the Democratic Republic of the Congo (DRC) and adjoining countries in their supply chains.

Publicly traded companies within the United States must file a declaration with the U.S. Securities and Exchange Commission (SEC) by May 31, 2014, reporting their usage and sourcing of tin, tungsten, tantalum and gold during the 2013 calendar year.

Manufacturers in the consumer goods space often work with thousands of suppliers to source their materials and reporting this type of supplier information can be challenging. However, using conflict minerals or failing to report can have a severe impact on a brand's reputation.

The Conflict Minerals Declaration (CMD) Manager, an enhancement to HP CDX, offers a simple, reduced-error method to create CMDs. CMD Manager provides an operational managed system of record with critical CMD information and facilitates the validation, importation and exportation of supplier information. A cloud-based solution globally accessible via the internet, the secure, real-time CMD manager enables manufacturers to quickly review their reports and submit them to their customers within the supply chain. In addition, it assists manufacturers in becoming conflict-free by providing an extensive list of verified conflict-free mines in the DRC...Read more on einnews

Last modified on Thursday, 27 February 2014 09:09

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