POSA-CUT ISSUES CONFLICT MINERALS DECLARATION

Posa-Cut secures written statements from suppliers

Posa-Cut Corporation

2014-05-27
May 2014, Farmington Hills, MI - Posa-Cut Corporation has secured written statements from suppliers confirming their compliance with the declaration against using Conflict Minerals in manufacturing products. To discuss this matter further contact Posa-Cut at 248-474-5620. On August 22, 2012, SEC adopted a final rule to implement Section 1502 of the Dodd-Frank Act. The rule requires publicly-held companies to disclose whether their products contain conflict minerals: cassiterite, columbite-tantalite, gold and walframite and derivatives thereof, limited to tin, tantalum, tungsten, or gold (3TG) originating from the Democratic Republic of the Congo (DRC) or specific adjoining countries. “In order to properly respond to questions from our customers regarding the presence of Conflict Minerals in any of our products, and if such Conflict Minerals are present whether they come from a Covered Country, Posa-Cut Corporation asked each of our material suppliers and coating suppliers to provide us with a statement on this issue,” said Kevin O’Brien, president of Posa-Cut Corporation. “All of these suppliers responded in writing and stated that either they did not have Conflict Minerals in the product they supply to Posa-Cut or if there are Conflict Minerals present in the product it is necessary to the functionality or production of that product and that no Conflict Minerals com e from a Covered Country.” Posa-Cut Corporation is a leading manufacturer of metal cutting tools and cutting tool systems founded in 1959 producing precision carbide cutting tools and systems and carbide indexable inserts. With more than 50 years’ experience developing innovative product designs for satisfying diverse tooling requirements, implementing upgrades for better start-to-finish operations and setting industry standards for quality and dependability, the company has earned a reputation as a preferred supplier to the metal working industry. Combining the expertise of engineering, purchasing, sales and production ensures products are designed and manufactured to the highest quality and cost-efficiency standards. Innovative product design, manufacturing techniques and contemporary cutting tool solutions enable the metal working industry to achieve greater productivity and profit. The product portfolio includes standard and special carbide metal cutting tools and tool systems, form tools, tool holders, carbide grooving & threading inserts, and wear parts. Product lines include Posa-Form Tooling, Double-Datum Tooling, Special Grooving & Threading Carbide Inserts, Standard Grooving & Threading Carbide Inserts and Wear Parts. Through regular updates to products and services reflect contemporary advancements and trends in the metal working industry. This commitment to ongoing development ensures satisfying evolving application requirements. Combining wire EDM, grinding capabilities, CAD/CAM technology and a full-service engineering department, Posa-Form carbide form tools improve productivity because they are produced to exact specifications satisfying geometries, grades and coatings for any application. They are complex carbide tooling systems designed and manufactured for CNC machines and single and multiple spindle machines. Posa-Form form tools require fewer tool changes and allow for faster tool changeover thereby reducing downtime - ideal for long-run environments. Applying the same design expertise, Double-Datum Tooling tool holders are designed to use interchangeable components to conveniently switch machining operations between parts with different radial and/or axial datum points with minimum of downtime and machine adjustment. Posa-Cut manufactures Standard Grooving & Threading Carbide Inserts as well as Special Grooving & Threading Carbide Inserts. Posa-Cut offers competitive price and delivery options on nearly all special carbide inserts. Wear parts are available for nearly any application. Start-to-finish production and delivery options are priced competitively.