<SEC-DOCUMENT>0001178913-24-001885.txt : 20240529
<SEC-HEADER>0001178913-24-001885.hdr.sgml : 20240529
<ACCEPTANCE-DATETIME>20240529170915
ACCESSION NUMBER:		0001178913-24-001885
CONFORMED SUBMISSION TYPE:	SD
PUBLIC DOCUMENT COUNT:		2
<RULE>
<RULE-NAME>13p-1
<ITEM>
<ITEM-NUMBER>1.01
<ITEM-PERIOD>20231231
</ITEM>
<ITEM>
<ITEM-NUMBER>1.02
<ITEM-PERIOD>20231231
</ITEM>
</RULE>
FILED AS OF DATE:		20240529
DATE AS OF CHANGE:		20240529

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TAT TECHNOLOGIES LTD
		CENTRAL INDEX KEY:			0000808439
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT ENGINES & ENGINE PARTS [3724]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SD
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16050
		FILM NUMBER:		24999525

	BUSINESS ADDRESS:	
		STREET 1:		P.O. BOX 80
		CITY:			GEDERA ISRAEL
		STATE:			L3
		ZIP:			70750
		BUSINESS PHONE:		2127025962

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 80
		STREET 2:		445 PARK AVE SUMMIT ROVINS & FELDESMAN
		CITY:			GEDERA 70750 ISRAEL
		STATE:			L3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GALAGRAPH LIMITED
		DATE OF NAME CHANGE:	19920609
</SEC-HEADER>
<DOCUMENT>
<TYPE>SD
<SEQUENCE>1
<FILENAME>zk2431540.htm
<DESCRIPTION>SD
<TEXT>
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    <title></title>
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         Copyright 1995 - 2024 Broadridge -->
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
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  <div>
    <div style="text-align: center; text-indent: 234pt; line-height: 1.25;">&#160; <br>
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">Form SD</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">SPECIALIZED DISCLOSURE REPORT</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">TAT TECHNOLOGIES LTD.</div>
    <div style="text-align: center; line-height: 1.25;">(Exact Name of Registrant as Specified in Charter)</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Commission file number: 0-16050</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; line-height: 1.25;"><font style="font-weight: bold;">TAT TECHNOLOGIES LTD.</font><br>
      (Exact name of Registrant as specified in its charter<br>
      and translation of Registrant&#8217;s name into English)</div>
    <div style="text-align: center; line-height: 1.25;"> <br>
    </div>
    <div style="text-align: center; line-height: 1.25;"><font style="font-weight: bold;">Israel</font><br>
      (Jurisdiction of incorporation or organization)</div>
    <div style="text-align: center; line-height: 1.25;"> <br>
    </div>
    <div style="text-align: center; line-height: 1.25;"><font style="font-weight: bold;">Hamelacha 5, Netanya 4250407, Israel</font><br>
      (Address of principal executive offices)</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">&#9746; Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2023.</div>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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    <!--PROfilePageNumberReset%Num%2%%%-->
    <div style="line-height: 1.25; font-weight: bold;">Section 1 - Conflict Minerals Disclosure</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">TAT Technologies Ltd. (the "Company") evaluated its current product lines and determined that certain products it manufactures or contracts to manufacture contain Gold and Tin that are necessary to the functionality or
      production of its products. These minerals are considered within the scope of the relevant "Conflict Minerals" or "3TG&#8221; which are defined as Gold, Tantalum, Tungsten and Tin.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">Based on a reasonable country of origin inquiry (&#8220;RCOI&#8221;) performed, the Company cannot yet determine with complete certainty whether the necessary Conflict Minerals used in its products originate, or likely originate,
      entirely from recycled or scrap sources or if the Conflict Minerals originated or may have originated in the Democratic Republic of the Congo (&#8220;DRC&#8221;) or an adjoining country (collectively referred to as the &#8220;Covered Countries&#8221;).</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">Nevertheless, we are filing a Conflict Minerals Report. The Company carries out due diligence on its mineral supply chain according to the guidelines and framework established by the Organization for Economic
      Co-operation and Development (&#8220;OECD&#8221;) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (2016) and related Supplements (the &#8220;OECD Due Diligence Guidance&#8221;).</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">A copy of The Company's Conflict Minerals Report is provided as Exhibit 1.01 hereto and is publicly available at: www.TAT-Technologies.com under "Investors", or at the following link: <u>https://tat-technologies.com/investors/</u>.
      The content of any website referred to in this Form SD is included for general information only and is not incorporated by reference in this Form SD. </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">Section 2 - Exhibits</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;"><a href="exhibit_1-01.htm">Exhibit 1.01 - Conflict Minerals Report as required by Items 1.01 and 1.02 of this Form.</a></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">2</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: center; line-height: 1.25;">SIGNATURE</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
      authorized.</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;"> <br>
    </div>
    <div style="line-height: 1.25;">
      <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 38%;" colspan="2"><u>TAT TECHNOLOGIES LTD.</u></td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;"><br>
            </td>
            <td valign="top" style="width: 3%;" rowspan="1" colspan="2">
              <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(Registrant)</div>
            </td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" align="left" style="width: 50%;"><br>
            </td>
            <td valign="top" style="width: 3%;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt"> </div>
              <br>
            </td>
            <td valign="top" nowrap="nowrap" align="left" style="width: 35%;"><br>
            </td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;"><br>
            </td>
            <td valign="top" style="width: 3%;">By:</td>
            <td valign="bottom" nowrap="nowrap" align="left" style="width: 35%;"><u>/s/ Ehud Ben-Yair</u></td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;"><br>
            </td>
            <td valign="top" style="width: 3%;"><br>
            </td>
            <td valign="top" style="width: 35%;">Ehud Ben-Yair</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;"><br>
            </td>
            <td valign="top" style="width: 3%;"><br>
            </td>
            <td valign="top" style="width: 35%;">Chief Financial Officer</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25;"> <br>
    </div>
    <div style="line-height: 1.25;">Date: May 30, 2024</div>
    <div style="line-height: 1.25; text-align: center;"><br style="line-height: 1.25;">
      <font class="BRPFPageNumber" style="font-family: 'Times New Roman',Times,serif; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;">3</font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.01
<SEQUENCE>2
<FILENAME>exhibit_1-01.htm
<DESCRIPTION>EXHIBIT 1.01
<TEXT>
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
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  <div>
    <div style="text-align: right; line-height: 1.25; font-weight: bold;"><u>Exhibit 1.01</u></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">TAT Technologies Ltd.</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Conflict Minerals Report</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">For The Year Ended December 31, 2023</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">This report for the year ended December 31, 2023 is presented to comply with Rule 13p-1 under the Securities Exchange Act of 1934 (the
      &#8220;Rule&#8221;). The Rule was adopted by the Securities and Exchange Commission (&#8220;SEC&#8221;) to implement reporting and disclosure requirements related to Conflict Minerals as directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
      (&#8220;Dodd-Frank Act&#8221;). The Rule imposes certain reporting obligations on SEC registrants whose manufactured products contain, or likely contain, Conflict Minerals that are necessary to the functionality or production of their products. Conflict Minerals
      are defined as tin, tantalum, tungsten, and gold ("3TG") for the purposes of this assessment. These requirements apply to registrants whatever the likely geographic origin of the Conflict Minerals and whether or not they fund, directly or indirectly, or benefit armed conflict in the affected regions as defined per the Rule, i.e. the Democratic Republic of the Congo (&#8220;DRC&#8221;) and the adjoining countries ("Covered
        Countries"). As part of the company's desire to take responsibility for and concern themselves with human rights issues, we decided to review the company's supply chain according to the EU regulation's guidance as well, and within that have
        included conflict-affected or high-risk areas ("CAHRAs") when approaching suppliers for information.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">If a registrant cannot establish with absolute certainty that the Conflict Minerals originated from sources other than the DRC and the
      Covered Countries, or if they are unable to determine the likely country of origin of those Conflict Minerals that are necessary to the production or functionality of their products, or if they cannot determine whether the necessary Conflict Minerals
      originate solely from recycled or scrap sources, the registrant must submit a Form SD that describes the Reasonable Country of Origin Inquiry ("RCOI") that was performed within the mineral supply chain. Furthermore, the registrant must also exercise
      due diligence on the Conflict Minerals' source and chain of custody and must annually submit a Conflict Minerals Report ("CMR") to the SEC that includes a description of those due diligence measures. TAT is a downstream company, in that the Company&#8217;s
      direct suppliers purchase cassiterite, columbite-tantalite (coltan), wolframite, gold, or their derivatives, which presently are limited to tin, tantalum, tungsten, and gold (collectively &#8220;3TG&#8221;) -related materials after processing by smelters or
      refiners (&#8220;SORs&#8221;). As a result, any information reported on smelters or refiners was gathered from information reported to us by our direct suppliers and we do not collect information on the source and chain of custody of the necessary Conflict
      Minerals directly from the smelters or refiners, or the facilities that process and mine 3TG.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">1. Company Overview</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">This report has been prepared by the management of TAT Technologies Ltd. (herein referred to as &#8220;TAT&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; or
      &#8220;our&#8221;). The information includes the activities of all relevant subsidiaries that are required to be consolidated.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;">TAT Technologies Ltd. is a leading provider of services and products to the commercial and military aerospace and ground defense
        industries. TAT operates under four segments: (i) OEM of heat transfer solutions and aviation accessories; (ii) MRO services for heat transfer components and OEM of heat transfer solutions; (iii) MRO services for aviation components; and (iv)
        overhaul and coating of jet engine components.</div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;">TAT&#8217;s activities in the area of OEM of heat transfer solutions and aviation accessories through its facility primarily include the
        design, development and manufacture of (i) a broad range of heat transfer solutions, such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board commercial, military and business
        aircraft; (ii) environmental control and power electronics cooling systems installed on board aircraft and ground applications; and (iii) a variety of other mechanical aircraft accessories and systems such as pumps, valves, and turbine power units.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">TAT&#8217;s activities in the area of MRO and OEM of heat transfer solutions include the MRO of heat transfer components and to a lesser
        extent, the manufacturing of certain heat transfer solutions. TAT&#8217;s Limco subsidiary operates an FAA-certified repair station, which provides heat transfer MRO services for airlines, air cargo carriers, maintenance service centers and the military.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">TAT&#8217;s activities in the area of MRO services for aviation components include the MRO of APUs, landing gears and other aircraft
        components. TAT&#8217;s Piedmont subsidiary operates an FAA-certified repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">TAT&#8217;s activities in the area of jet engine overhaul through its Turbochrome facility includes the overhaul and coating of jet engine
        components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps.</div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">1</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">2. Products Overview</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">TAT is principally engaged in the following activities:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Design, development, manufacture and sale of a broad range of heat transfer equipment and solutions;</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Remanufacture, overhaul and repair of heat transfer equipment;</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Maintenance, repair and overhaul of auxiliary power units, landing gears and related components;</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Design, development and manufacture of aviation and flow control accessories including fuel components, secondary power systems, and various instrumentation and
              electronic assemblies; and</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Design, development and manufacture of environmental control and cooling systems.</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Overhaul and coating of jet engine components</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">The products developed, repaired, and maintained by TAT are primarily used for airborne systems on commercial and military aircrafts as
      well as for defense ground systems. The principal markets of TAT are in Israel, Europe and the United States.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Based on TAT's internal assessment that included a review
        of all company products in order to identify the products that may include the relevant minerals, the Company uses Gold and Tin out of the relevant 3TG minerals according to the specifications of the Rule in its OEM manufacturing processes
      and as such the relevant materials may be included in Heat Exchangers Cores and Air Conditioners manufactured by us. TAT's other activities have been excluded from the process since these activities involve repair and maintenance services, which are
      excluded from the Rule's requirements.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">3. Reasonable Country of Origin Inquiry (RCOI)</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Based on our product analysis, TAT has concluded in good faith that during the calendar year 2023, Gold and Tin, which are considered
      "Conflict Minerals" as per the Rule, can be found in our products that were manufactured or that were contracted to manufacture in 2023 and that are necessary to their production and/or functionality. Therefore, the products that we manufacture are subject to the reporting obligations of Rule 13p-1.&#160; A list of suppliers that TAT Technologies purchased from during calendar year 2023, was issued using TAT's IT systems
        by the purchasing department manager.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">We have examined whether Turbochrome's activities should be considered in or outside the scope of the Conflict Minerals Rule. In order to
      do so we have heeded the advice of our legal advisors, stipulating that Turbochrome is not considered in scope as it predominately provides maintenance and repair services.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25;">This decision was based on the following stated exclusions to Conflict Minerals Rule:</div>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">1.</td>
          <td style="width: auto; vertical-align: top;">
            <div>Not contracting to manufacture if the issuer tests, services, maintains, or repairs a product, (Final Rule p.22,60), even if in the course of such activity a part
              containing conflict minerals is introduced into the product.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">2.</td>
          <td style="width: auto; vertical-align: top;">
            <div>If a company provides a service utilizing a product that contains conflict minerals, the service provider will not be subject to the rule. (SEC FAQ #7) (Shearman &amp;
              Sterling p.5) For example, a cruise line is a service provider; a shipyard is a manufacturer.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">We have examined whether Piedmont&#8217;s activities should be considered in or outside the scope of the Conflict Minerals Rule. In order to do
      so we have heeded the advice of our legal advisors, stipulating that Piedmont is not considered in scope as it predominately provides maintenance and repair services.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">This decision was based on the following stated exclusions to Conflict Minerals Rule:</div>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">1.</td>
          <td style="width: auto; vertical-align: top;">
            <div>"An issuer will not be considered to "contract to manufacture" a product if it does no more than take the following actions: the issuer services, maintains, or repairs
              a product manufactured by a third party&#8230;" (Final Rule p.21)</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">2.</td>
          <td style="width: auto; vertical-align: top;">
            <div>"We note, however, that we do not consider an issuer that only services, maintains, or repairs a product containing conflict minerals to be "manufacturing" a product&#8230;"
              (Final Rule p.60)</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">3.</td>
          <td style="width: auto; vertical-align: top;">
            <div>"However, based on comments we received, we believe an issuer should not be viewed for the purposes of the Conflict Minerals Statutory Provision as contracting to
              manufacture a product if its actions involve no more than: &#8230;servicing, maintaining, or repairing a product manufactured by a third party." (Final Rule p.65)</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">Based on the above, it is our opinion that Turbochrome and Piedmont are maintenance service providers and as such are not subject to the
      requirements of the Rule.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">Regarding Limco, according to the information available on the supplier websites and TAT-Limco&#8217;s engineering knowledge, most metals in the
      company&#8217;s products do not contain conflict minerals. The materials TAT-Limco uses that do contain conflict minerals do not ship out on the final product. It is used for production processes only.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">The total number of suppliers in TAT Technologies&#8217; list was 187 suppliers. The list was segmented according to the type of material or
      component the supplier provides such as: papers, rubber, plastic, metal, electronics, chemicals, accessories, subcontractors, etc. All of the supplier categories were excluded (a total of 181 suppliers) except for the "Electronics" category. Of the
      remaining 6 "Electronics" suppliers, 3 suppliers were excluded from the list of in-scope suppliers as they provide TAT with parts or components that do not contain necessary Conflict Minerals, or supply the Company with parts or components that are
      involved in our repair and maintenance activities, which therefore exclude them from the applicability of the Rule, leaving 3 suppliers from this category that are relevant for the 2023 supply chain inquiry and which were included in our list of
      in-scope suppliers. TAT's finalized list of in-scope suppliers included 3 suppliers from the "Electronics" category that provide components potentially containing the necessary Conflict Minerals. TAT has examined the existence of conflict minerals in the production processes of its products.</div>
    <div style="line-height: 1.25;"> <br>
      </div>
    <div style="line-height: 1.25;">The assessment revealed that only 3 out of hundreds of suppliers TAT is working with are suspected of using them. The total spend for
      buying from those suppliers in 2023 was approximately 0.3% of the company's total purchasing, which is considered negligible.</div>
    <div style="line-height: 1.25;"> <br>
    </div>
    <div style="text-align: justify; line-height: 1.25;">Out of 3 suppliers that were approached, 3 responded, therefore, our response rate was 100%. However, they did not provide a complete
      Conflict Minerals Reporting Template &#8220;CMRT&#8221;).</div>
    <div style="text-align: justify; line-height: 1.25;"> <br>
    </div>
    <div style="text-align: justify; line-height: 1.25;">The methods we used in order to determine the origin of Conflict Minerals in our products included:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 2.69%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 2.24%; vertical-align: top; text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">&#8226;</font></td>
          <td style="width: 95.07%; vertical-align: top;">
            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">Sending letters to our direct suppliers, explaining the Rule and referring the suppliers to online training
                materials and instructions;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 2.69%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 2.24%; vertical-align: top; text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">&#8226;</font></td>
          <td style="width: 95.07%; vertical-align: top;">
            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">Soliciting survey responses from relevant suppliers of components of our products, using a recent version of
                the standard Conflict Minerals Reporting Template ("CMRT"), version 6.31 and above, designed by the Responsible Minerals Initiative ("RMI").</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 2.69%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 2.24%; vertical-align: top; text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">&#8226;</font></td>
          <td style="width: 95.07%; vertical-align: top;">
            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">Reviewing responses that we received from our suppliers and following up on inconsistent, incomplete, and
                inaccurate responses; and</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 2.69%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 2.24%; vertical-align: top; text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">&#8226;</font></td>
          <td style="width: 95.07%; vertical-align: top;">
            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">Sending reminders to suppliers who did not respond to our requests for information.</font></div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">TAT is a downstream company, and our supply chain
      is complex. There are multiple tiers between our company and the relevant smelters or refiners that process, or allegedly process, the necessary Conflict Minerals. Accordingly, we rely on our direct suppliers to provide information on the origin, or
      likely origin, of the Conflict Minerals contained in components that are included in our products that were manufactured or contracted to manufacture in 2023, and which are
        necessary to their production or functionality. Using our supply chain due diligence processes, with the goal of driving accountability within the supply chain by leveraging the industry standard, i.e. the RMI's Responsible Mineral Assurance
      Process ("RMAP"), and continuing our outreach efforts, we hope to encourage transparency in our supply chain.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Despite having conducted a good faith reasonable country of origin inquiry, we are unable to determine the exact origin of all of the 3TG that is necessary to the production and/or functionality of our products that were manufactured or contracted to manufacture in 2023. Therefore, we have performed due diligence activities and detailed these efforts in this Conflict Minerals Report. It should be noted that there is a significant overlap between our
      RCOI and due diligence efforts.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">4. Design of Due Diligence</div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;"> <br>
    </div>
    <div style="text-align: justify; line-height: 1.25;">Our due diligence processes and efforts have been designed and implemented according to the OECD (2016) Due Diligence Guidance for
      Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas: Third Edition (&#8220;OECD Guidance&#8221;), and the related supplements for gold, tin, tantalum and tungsten ("3TG"). In accordance with the OECD Due Diligence Guidance, TAT
      believes that it constitutes as a "downstream" company. In accordance, we designed our due diligence measures to be in line with the recommendations of the OECD Guidance for downstream companies.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">5. Due Diligence Performed</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">The due diligence measures we performed are presented below according to the five-step framework established by the OECD:</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Step 1. Establish Strong Company Management Systems</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Conflict Minerals Policy</div>
    <div style="text-align: justify; line-height: 1.25;">Our policy is published on our company's website and is available to employees, suppliers and other stakeholders. As mentioned in our
      policy, TAT strives to only use 3TG minerals from smelters or refiners that have been audited and verified as conformant or active by the RMI's RMAP program, or
      equivalent programs as they become available. Our<font style="font-style: italic;">&#160;</font>policy with respect to the sourcing of Conflict Minerals can be found at <u>https://tat-technologies.com/conflict-minerals-policy/. </u></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Internal Team</div>
    <div style="text-align: justify; line-height: 1.25;">The Company continued to operate management systems for complying with the applicable rules and expectations regarding the Conflict Minerals regulation. Our management systems include the development of a Conflict Minerals Task Force led by our Chief Financial Officer and VP Finance and a team of
      subject matter personnel from relevant functions in the Company such as purchasing, and engineering.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Supplier Engagement</div>
    <div style="text-align: justify; line-height: 1.25;">As part of our efforts to strengthen engagement with suppliers, we sent to our suppliers the CMRT, our Conflict Minerals Policy, and
      links to the FAQs from the U.S. Securities and Exchange Commission. In addition, suppliers that handle 3TG are expected to have their own responsible sourcing and supply
        chain due diligence programs for implementing their own Conflict Minerals policies and programs.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Procurement Processes</div>
    <div style="text-align: justify; line-height: 1.25;">TAT maintains its standard Terms and Conditions with suitable Conflict Minerals contractual language that requires our suppliers to
      comply with the Rule's reporting requirements.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Maintain Records</div>
    <div style="text-align: justify; line-height: 1.25;">TAT maintains a due diligence compliance process, documentation and a record maintenance mechanism to ensure that relevant documentation
      is retained in a structured electronic database for a period of up to five years, as recommended by the OECD Guidance.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Grievance Mechanism</div>
    <div style="text-align: justify; line-height: 1.25;">TAT maintains a grievance mechanism that is published as
        part of our Conflict Minerals Policy, referred to above. As thereby indicated,&#160;concerns and violations of the Conflict Minerals Policy can be reported to
      TAT's non-executive members or its subcommittees through our official grievance channels (at: <u>investors@tat-technologies.com</u>).</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Step 2.</font> <font style="font-weight: bold;">Identify and Assess Risks in the Supply Chain</font></div>
    <div style="text-align: justify; line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">In order to identify risks in our supply chain, we assessed three primary risk factors:</div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">1.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>The level of communication with the supplier;</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>The degree of significance of the supplier to the company's business;</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">3.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>The quality of the information received from the supplier in their CMRT, i.e. level of completeness, discrepancies in information and reported smelters or refiner&#8217;s
              country of origin data.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">4</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div style="text-align: justify; line-height: 1.25;">We reviewed the responses that we received and followed up on what we perceived to be inconsistent, incomplete, or inaccurate responses,
      as well as sent reminders to relevant suppliers who did not respond to our requests for information.</div>
    <div style="text-align: justify; line-height: 1.25;"> <br>
    </div>
    <div style="text-align: justify; line-height: 1.25;">We emphasized on our requirement that all suppliers must procure

      materials through validated smelters and/or refiners, pursuant to the RMI or other approved resources, and to then provide us a complete CMRT, version 6.31 and above, with all available information relevant to their supply chain.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">We relied on suppliers' responses to provide us with information on the source of Conflict Minerals contained in the components supplied
      to us. Our direct suppliers are similarly reliant upon information provided by their suppliers.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Step 3. Design and Implement a Strategy to Respond to Identified Risks</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">TAT continues to encourage suppliers who source
      from non-compliant smelters or refiners (as per the RMAP) to move towards sourcing from compliant
        and active smelters or refiners within a reasonable timeframe. Our goal is not to eliminate sourcing from the DRC and the Covered Countries, but to encourage
        responsible sourcing from our suppliers of the necessary Conflict Minerals. Our management strategy includes: Follow-up processes (including e-mail communication and manual outreach) to escalate any identified issues associated with
      non-responsive suppliers or to clarify problematic responses. A review and follow up of in-scope suppliers&#8217; responses in order to track smelters or refiners in our supply chain that provide the Company with the necessary Conflict Minerals and have
      not received a conformant or active designation from the RMAP or another independent third party validation program, as well as suppliers that did not supply the
      company with its smelters or refiners list. Furthermore, we investigated our suppliers&#8217; supply chain, and screened the relevant publicly available documentation, in order to learn the existence of conflict minerals throughout the supply chain.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Our minerals supply chain due diligence is a dynamic process that requires ongoing risk monitoring. In order to ensure effective
      management of risks, we review the risk identification process occasionally and update the risk mitigation strategy accordingly.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Step 4. Carry Out Independent Third-Party Audit of Smelter/Refiner&#8217;s Due Diligence Practices</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">The Company does not have a direct relationship with 3TG smelters or refiners, nor do we perform direct audits of the entities that
      provide 3TG in our supply chain. However, we do rely upon industry efforts (for example, the RMI) to influence smelters or refiners to undergo an audit and to achieve certification through the RMI's RMAP program, or other relevant independent third-party audit programs.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Step 5.</font> <font style="font-weight: bold;">Report Annually on Supply Chain Due Diligence</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">For further information about our supply chain Conflict Minerals Policy, including our approach towards supply chain due diligence and
      our expectations of suppliers, please visit <u>https://tat-technologies.com/investors/</u>.<br>
      &#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">5. Results of Assessment</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">We conducted a supply-chain survey of the 3 suppliers we identified as potential providers of necessary Conflict Minerals for our
      products.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">TAT has encountered difficulty in identifying with complete accuracy the entities downstream from TAT's products that provide us with
      the necessary Conflict Minerals contained and necessary to those products. Therefore, TAT relies on its direct suppliers to provide information on the source of Conflict Minerals contained in the components supplied to TAT that are necessary to the production and/or functionality of our products.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">In addition, information gathered from TAT's suppliers is not collected on a continuous, real-time basis. Therefore, TAT can only
      provide reasonable, not absolute, assurance regarding the source and chain of custody of the necessary Conflict Minerals, since the information comes from direct suppliers and independent third party audit programs, such as the RMI.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">5</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">6. Continuous Improvement Efforts to Mitigate Risk</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">TAT will continue working with its global supply chain to
        ensure responsible sourcing and assure compliance with international regulations. As we continue to implement our due diligence program, we intend to take measures to continue to mitigate any possible risk that the necessary Conflict
      Minerals in our products could directly or indirectly fund or benefit armed groups in the DRC or adjoining countries.</div>
    <div style="text-align: justify; line-height: 1.25;"> <br>
    </div>
    <div style="line-height: 1.25;">We continue implementing risk management measures and follow up processes with regard to non-responsive suppliers or suppliers working with
      undocumented suppliers according to current information from the RMI&#8217;s RMAP program.</div>
    <div style="line-height: 1.25;"> <br>
    </div>
    <div style="text-align: justify; line-height: 1.25;">We continue to include a conflict minerals flow-down clause in new or renewed supplier contracts.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">Safe Harbor for Forward-Looking Statements</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">This report contains forward-looking statements which include, without limitation, statements regarding possible or assumed future
      operation results. These statements are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and
      uncertainties that could cause our results to differ materially from management's current expectations. Actual results and performance can also be influenced by other risks that we face in running our operations including, but are not limited to,
      general business conditions in the airline industry, changes in demand for our services and products, the timing and amount or cancellation of orders, the price and continuity of supply of component parts used in our operations, the change of control
      that will occur on the sale by the receiver of the Company&#8217;s shares held by our previously controlling stockholders, and other risks detailed from time to time in the Company's filings with the Securities Exchange Commission, including, its annual
      report on form 20-F and its periodic reports on form 6-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements.
      Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking
      statement.</div>
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        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber"> <br>
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        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">6</font></div>
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