Intellectual property rights exist for commercially viable Neodymium magnet alloys. Many infringing manufacturers from the Pacific Rim can offer cheap pricing because they pay no royalties to the patent holders, utilize substandard raw materials, and have poor Neodymium iron boron (also known as rare earth) magnet manufacturing methods. Utilization of infringing Neodymium magnets may lead to legal issues, delays, and product failures. Dura Magnetics, Inc. only provides licensed Neodymium magnet alloys which are traceable to the patent holders. This assertion of compliant Neodymium magnet alloy is supported by on-site inspections and contractual obligations initiated with alloy producers.
Dura Magnetics fully supports the goals and objectives of Section 1502 (“Section 1502”) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”), which aims to prevent the use of certain “Conflict Minerals” that directly or indirectly finance or benefit armed groups in The Democratic Republic of the Congo (DRC) or adjoining countries (as defined in the Act). “Conflict Minerals” include: columbite-tantalite (coltan) (i.e., tantalum), cassiterite (i.e., tin), gold, wolframite (i.e., tungsten) or their derivatives and could expand to include other minerals or their derivatives, as determined by the U.S. Secretary of State.
Dura Magnetics, Inc. certifies that all NdFeB Magnets are in compliance and conform to the European Union’s Restriction of Use of Hazardous Substances in Electrical and Electronic Equipment (RoHS) Directive 2002/95/EC and 2011/65/EU (RoHS2). All NdFeB supplied by Dura Magnetics, Inc. will have less than the RoHS limits stated below for the restricted use substances. This Declaration is based on our analysis, vendor supplied analysis or material certifications, and/or lab test results of the component raw materials used in the manufacture of Dura Magnetics, Inc. NdFeB products.
We also strive to remain in compliance with REACH (Registration, Evaluation, Authorization and Restriction of Chemicals), a European Union law that originally went into effect on June 1, 2007. Regulated by the European Chemicals Agency (ECHA), its purpose is to strengthen the protection of human health and the environment from harmful effects that can be caused by chemicals. Dura Magnetics, Inc. is vigilant in monitoring the Substances of Very High Concern (SVHCs) in our magnetic parts, as the list continues to be updated in stages.
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