Press Release: 11,000th company uses iPoint Conflict Minerals Platform
Reutlingen, Germany, January 20, 2014 ------ The software specialist iPoint-systems has reached a milestone: On 20th January, the 11,000th company registered as a user of the iPoint Conflict Minerals Platform (iPCMP). “This means iPoint has finally secured its position as the market leader for software in the field of Conflict Minerals reporting,” Jörg Walden, CEO of iPoint-systems, proudly explains. The iPCMP was launched in September 2012 and has since established itself as the cross-industry solution when it comes to complying with the legal requirements surrounding Conflict Minerals.
A glance at iPoint’s list of customers shows that companies from various industries all over the world are dealing with the issue of Conflict Minerals: Manufacturers and suppliers from 68 countries, a wide range of industries and companies of various sizes rely on the iPCMP. Among others, the automotive, electronics, aerospace, mechanical engineering, shipbuilding, textile and clothing industries are represented, including companies with less than 50 employees as well as companies with several thousand employees, for whom iPoint offers suitable licenses depending on the company’s size and reporting requirements – the basic license for smaller companies has recently been made free of charge.
Since the adoption of the final Conflict Minerals rule by the US Securities and Exchange Commission SEC at the end of August 2012, companies are obligated to submit annual reports disclosing the use of Conflict Minerals in their products. This also affects non-American companies working within the supply chain of a listed US company. With the launch of the iPCMP in September 2012, iPoint was the first to offer a fully developed solution for Conflict Minerals reporting. A Conflict Minerals legislative initiative is currently being drawn up by the European Union. To assess its impact more efficiently, the European Commission’s Directorate-General for Trade charged iPoint-systems with the task of analyzing the effects of a potential European Conflict Minerals initiative. iPoint’s study is due to be published in the first half of 2014.