Pres-On recognizes that developing and maintaining productive relationships with our suppliers is fundamental to our success in maintaining a sustainable, value-creating business. In producing that value, we create opportunity not only for our stakeholders and employees, but also for our business partners, and the locations where we operate. We maintain a commitment to conducting business in a manner that reflects our principles and values to achieve:

• A fair and competitive marketplace
• Optimum transparency, communication, and accountability
• The lowest possible total cost of ownership
• A capable and commercially secure supply base
• Innovative, efficient, and mutually beneficial approaches to delivering value and results
• Alignment with the strategies, plans and demands of our operations
• The right materials and services, where and when needed, at fair, market leading costs

As part of Pres-On’s continued effort to strengthen supplier relationships and foster the trust of our business partners worldwide, we have adopted a number of policies and guidelines that ensure the communication and alignment of our principles and values with our suppliers. For example, we require our suppliers to adhere to our Supplier Code of Business Conduct and Ethics, and maintain a zero tolerance policy for noncompliance. Our supplier selection process is stringent and conducted in accordance with our internal policies and procedures. Therefore, we seek, partner with and value suppliers that are able to:

• Meet or exceed our environmental, health, safety and social responsibility requirements
• Maintain ethical business conduct, as called out in our Supplier Code of Business Conduct and Ethics
• Accept and comply with our General Purchase Order Terms and Conditions
• Meet our stated specifications and requirements
• Provide competitive bids related to the relevant selection criteria
• Adhere to applicable laws, standards and regulations