HP Enhances Manufacturers' Visibility Across Global Supply ChainEnhancement to HP Compliance Data Exchange (CDX) supports upcoming deadline from U.S. Securities and Exchange Commission
PALO ALTO, Calif. - HP 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.
With increasing national and international requirements related to recycling and the use of regulated substances, manufacturers must take an active role in knowing where their materials are being sourced from or risk putting their brand's reputation on the line, said Jay Celorie, conflict minerals global program manager, HP. As a leader in the conflict minerals effort, HP supports its clients in the manufacturing space achieving compliance and enable them to confidently report their declarations to the SEC.
HP CDX supports manufacturers across diverse industries including transportation, aerospace and electronics to meet compliance requirements relating to recycling and the use of regulated substances. In addition to easing reporting for the Conflict Minerals Rule, it also facilitates and accelerates compliance with other legislation such as the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), Restriction of Hazardous Substances (RoHS) and Hong Kong Convention (HKC). It also supports efforts to enable the sustainability of product life cycles and design.
Pricing and availability
The basic capabilities of CMD Manager are available free of charge to any company registered on the HP CDX website. The capabilities included are importing and creating reports, validating supplier information and sending declarations. Extended functions, such as accepting and exporting declarations, require the purchase of a license.
HP's premier Americas client event, HP Discover, takes place June 10-12 in Las Vegas.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the need to address the many challenges facing HP's businesses; the competitive pressures faced by HP's businesses; risks associated with executing HP's strategy and plans for future operations; the impact of macroeconomic and geopolitical trends and events; the need to manage third-party suppliers and the distribution of HP's products and services effectively; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; risks associated with HP's international operations; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its suppliers, customers, clients and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2013, and that are otherwise described or updated from time to time in HP's Securities and Exchange Commission reports. HP assumes no obligation and does not intend to update these forward-looking statements.
2014 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set fo
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