UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
Specialized Disclosure Report
Stereotaxis, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-36159 | 94-3120386 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(IRS Employer Identification No.) |
| 4320 Forest Park Avenue; Suite 100; St. Louis, MO 63108 | ||
| (Address of principal executive offices) | (Zip Code) | |
| Karen Witte Duros 314-678-6100 | ||
| (Name and telephone number, including area code, of the person to contact in connection with this report.) | ||
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:
| x | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2014. |
Section 1 – Conflict Minerals Disclosure
Item 1.01 Conflict Minerals Disclosure and Report
This Specialized Disclosure Report on Form SD (“Form SD”) of Stereotaxis, Inc. (“Stereotaxis”, the “Company” or “we”) for the reporting period from January 1 to December 31, 2014, is filed pursuant to Rule 13p-1 under the Securities Exchange Act of 1934 (the “Rule”). Capitalized terms not otherwise defined herein are defined in the Rule.
Stereotaxis evaluated its products and determined that our products contain “necessary conflict minerals.” This means that Conflict Minerals as defined in the Rule are present in products we manufacture or contract to manufacture and are used to achieve the required function, use or purpose of those products. Our determination and related disclosures relating to such necessary conflict minerals are included in Stereotaxis’ Conflict Minerals Report and are incorporated by reference herein.
Item 1.02 Exhibit
The Company has filed a Conflict Minerals Report as Exhibit 1.01 to this Form SD. Stereotaxis’ Conflict Minerals Report is available at http://www.stereotaxis.com/legal/. The website and the information accessible through it are not incorporated into this Form SD.
Section 2 – Exhibits
Item 2.01 Exhibits
Exhibit 1.01 Stereotaxis, Inc. Conflict Minerals Report for the reporting period January 1 to December 31, 2014
SIGNATURES
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 duly authorized undersigned.
STEREOTAXIS, INC.
(Registrant)
| By: | /s/ Karen Witte Duros |
May 29, 2015 | ||||||
| Name: Karen Witte Duros Title: Sr. Vice President and General Counsel |
(Date) | |||||||
Exhibit 1.01
Stereotaxis, Inc.
Conflict Minerals Report
For The Year Ended December 31, 2014
Introduction
This Conflict Minerals Report for Stereotaxis, Inc. (“Stereotaxis”, “we,” “us,” and “our”) is for the period from January 1 to December 31, 2014 and is presented to comply with Rule 13p-1 under the Securities Exchange Act of 1934 (“Rule”). Terms used in this report are defined in the Rule and Form SD. Refer to those sources and to SEC Release No. 34-67716 issued by the Securities and Exchange Commission on August 22, 2012 for such definitions.
Stereotaxis designs, manufactures and markets the Epoch™ Solution, which is an advanced remote robotic navigation system for use primarily by electrophysiologists for the treatment of abnormal heart rhythms known as cardiac arrhythmias. The Epoch Solution is comprised of the Niobe® ES Remote Magnetic Navigation System (“Niobe ES system”), Odyssey® Information Management Solution (“Odyssey Solution”), and the Vdrive® Robotic Navigation System (“Vdrive system”). The Niobe and Vdrive systems include sterilized disposable (consumable) components as well as capital equipment.
This Report describes the process and results of Stereotaxis’ Conflict Minerals program. Stereotaxis performed a reasonable country of origin inquiry to determine the source of necessary conflict minerals, and in accordance with the Rule then undertook due diligence measures on the source and chain of custody of the necessary conflict minerals in our products. The purpose of this due diligence was to determine if any of the necessary conflict minerals originated from the Democratic Republic of the Congo (“DRC”) or an adjoining country (collectively defined as the “Covered Countries”) and may not have come from recycled or scrap sources, to determine whether such products are “DRC conflict free.”
This report has not been audited, as allowed under the Rule, which provides that if a registrant’s products are “DRC conflict undeterminable” in 2013 or 2014, the Conflict Minerals Report is not subject to an independent private sector audit.
Design of Conflict Minerals Program and Due Diligence Process
Stereotaxis has a Conflict Minerals program designed to be in conformity with the Organisation for Economic Co-operation and Development Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, 2nd Edition, including the Supplements on Tin, Tantalum and Tungsten and Gold (collectively, the “OECD Guidance”). In the context of the OECD Guidance Stereotaxis is a “downstream company” in the conflict minerals supply chain. Summarized below are the due diligence steps taken in accordance with the OECD Guidance five-step framework:
1. Maintained a strong company management system:
| a) | We have a Conflict Minerals Policy. The policy has been communicated to our direct suppliers, and can be found on our website at http://www.stereotaxis.com/legal/. |
| b) | We have an internal cross-functional Conflict Minerals team that oversees the implementation of our Conflict Minerals program. The status of our Conflict Minerals program is reviewed regularly with senior management. We maintain records relating to our Conflict Minerals program. |
| c) | We have a system of controls and transparency over our supply chain, using the industry standard Conflict Minerals Reporting Template (“CMRT”), which is a supply chain survey designed to identify the maturity of our suppliers’ conflict minerals programs, as well as the smelters and refiners that process the necessary conflict minerals contained in our products. |
| d) | We have informed our suppliers of our company policy, and our commitment to be DRC conflict free. Where suppliers are unaware of conflict minerals regulations, or have an immature process, we seek to educate them. |
| e) | We have a company-level grievance mechanism whereby anyone can confidentially call or email a concern or report a violation of a policy. This can be found in the Confidential Hot-line section of our website at http://www.stereotaxis.com/legal/. |
2. Identified and assessed risks in the conflict minerals supply chain:
| a) | We identified conflict minerals risks in our supply chain: |
| ¡ | We identified all our direct suppliers that supply us with products that might have contained Conflict Minerals. |
| ¡ | We conducted a Reasonable Country of Origin Inquiry (RCOI) with all affected suppliers of parts and materials used in products manufactured by Stereotaxis. |
| ¡ | We requested our direct suppliers to provide us with a completed CMRT. The CMRT includes a section identifying evidence of an active corporate conflict minerals program/policy by each respective supplier. |
| ¡ | We followed up with unresponsive suppliers, making multiple attempts to obtain information. |
| ¡ | We reviewed CMRT and associated documentation provided by our suppliers for completeness and reasonableness. We categorized each supplier according to the responses provided. |
| b) | We assessed risks of adverse impacts by actively working to discontinue sourcing products from upstream suppliers when we identified a reasonable risk that they are sourcing from, or linked to any party committing serious abuses, consistent with Annex II of the OECD Guidance. |
3. Designed and implemented a strategy to respond to identified risks
| a) | We identified the results of our RCOI, and identified high risk suppliers to senior management. |
| b) | We have a risk management plan that includes actively seeking to reduce or eliminate high risk suppliers. |
| c) | We have an ongoing risk reduction and management program, which includes a goal that all new future product designs are DRC conflict free, periodically reviewing and updating the conflict minerals status of our existing products, and striving over time to reduce or eliminate non-conflict-free minerals from the supply chain. |
| d) | We monitored, and will continue to monitor changes in supplier conflict minerals status, as circumstances change with suppliers and as conflict minerals status ripples through the supply chain to end item manufacturers such as Stereotaxis. |
4. Carried out independent third-party audit of supply chain due diligence at identified points in the supply chain:
| a) | We comply with Step 4 of the OECD Guidance by encouraging our direct suppliers to purchase from Electronic Industry Citizenship Coalition’s (EICC) Conflict Free Smelter (CFS) smelters. |
5. Report on supply chain due diligence:
| a) | We publicly communicated our Conflict Minerals Sourcing Policy on our company website at http://www.stereotaxis.com /legal/. |
| b) | We publicly disclosed this Conflict Minerals Report on our company website at http://www.stereotaxis.com /legal/. |
| c) | As allowed by the Rule, obtaining an independent private sector audit of this Report was not required. |
The content of any website referred to in this Report is included for general information only and is not incorporated by reference in this Report.
Reasonable Country of Origin Inquiry Results
Following our Conflict Minerals program procedure described above, Stereotaxis identified 220 suppliers and original equipment manufacturers in our direct supply chain. We identified the subset of those suppliers who provide us with components, materials and assemblies where Conflict Minerals might be present and necessary to functionality. As a result, we performed a RCOI with 150 relevant suppliers and original equipment manufacturers. These suppliers represent the sources for 100% of materials and components purchased for the manufacture or assembly of our products, which we believe either have Conflict Minerals in them, or for which we did not know whether the material or component contained Conflict Minerals.
Our suppliers provided a large number of smelter names for the facilities these suppliers and their upstream suppliers used to process Conflict Minerals. After correction, review, and removal of duplicate or alternate names, we identified 350 smelters. Based on the information provided by our suppliers, 41 of those could not be identified to a level sufficient to perform due diligence, leaving 309 unique identified smelters consistent with known smelter designations agreed on by industry and/or the Conflict Free Sourcing Initiative (CFSI).
Of the 309 smelters, 38 of them are known to source, or there is reason to believe they may source, Conflict Minerals from the Covered Countries. We based this assessment on information obtained from entities engaged by us who are in contact with the smelters, as well as other public information available at the time.
In accordance with the SEC final rules for Conflict Minerals sourced from Covered Countries, because smelters were identified to be sourcing from Covered Countries, Stereotaxis is required to exercise, and has exercised, due diligence on the Conflict Minerals’ source and chain of custody. Additionally, Stereotaxis is required to follow, and has followed, a nationally or internally recognized due diligence framework and report the results thereof in a Conflict Minerals report.
Due Diligence Process Results
Of the 38 smelters identified as sourcing Conflict Minerals from the Covered Countries, Stereotaxis’ due diligence review indicates that:
| • | 34 smelters are certified as DRC conflict free by the CFSI’s Conflict Free Smelter Program (CFSP) |
| • | 2 smelters are actively moving through the CFSP certification process |
| • | 1 smelter is progressing though the CFSP process, and is committed to obtaining CFSP certification within 2 years |
| • | 1 smelter has no known CFSP involvement or status |
This one smelter with no known CFSP status is believed, to the best of our knowledge, to source Conflict Minerals only locally in Indonesia and not from the Covered Countries, but we are unable to obtain confirmation of this. This one smelter supplies Tin into the supply chains of 11 of our direct suppliers.
Stereotaxis did not discontinue business with any supplier simply because the supplier sourced from the Covered Countries. We support a conflict-free minerals trade in the DRC region.
To the best of our knowledge, none of the smelters identified in our supply chain is known to source Conflict Minerals that directly or indirectly finances or benefits armed groups in the DRC or adjoining countries.
Product Determination
We have not been able to confirm the identification of and conflict-free status under the CFSP standards for all smelters used in our supply chain. No smelter identified in our supply chain is known to us as sourcing Conflict Minerals that directly or indirectly finances or benefits armed groups in the DRC or adjoining countries.
Our status is DRC conflict undeterminable for all of our products.
Facility and Mine Information
The table below identifies the smelter or refiner facilities which, to the extent known as a result of our RCOI, processed the necessary conflict minerals in our products.
| Metal |
* | Smelter or Refiner Name |
Smelter or Refiner Location | |||
| Gold | Advanced Chemical Company | United States | ||||
| Gold | * | Aida Chemical Industries Co. Ltd. | Japan | |||
| Gold | Aktyubinsk Copper Company TOO | Russian Federation | ||||
| Gold | * | Allgemeine Gold-und Silberscheideanstalt A.G. | Germany | |||
| Gold | * | Almalyk Mining and Metallurgical Complex (AMMC) | Uzbekistan | |||
| Gold | * | AngloGold Ashanti Córrego do Sítio Minerção | Brazil | |||
| Gold | * | Argor-Heraeus SA | Switzerland | |||
| Gold | * | Asahi Pretec Corporation | Japan | |||
| Gold | * | Asaka Riken Co Ltd | Japan | |||
| Gold | ASARCO Incorporated | United States | ||||
| Gold | * | Atasay Kuyumculuk Sanayi Ve Ticaret A.S. | Turkey | |||
| Gold | * | Aurubis AG | Germany | |||
| Gold | * | Bangko Sentral ng Pilipinas (Central Bank of the Philippines) | Philippines | |||
| Gold | Bauer Walser AG | Germany | ||||
| Gold | * | Boliden AB | Sweden | |||
| Gold | * | C. Hafner GmbH + Co. KG | Germany | |||
| Gold | Caridad | Mexico | ||||
| Gold | * | CCR Refinery - Glencore Canada Corporation | Canada | |||
| Gold | * | Cendres + Métaux SA | Switzerland | |||
| Gold | * | Chimet S.p.A. | Italy | |||
| Gold | China National Gold Group Corporation | China | ||||
| Gold | Chugai Mining | Japan | ||||
| Gold | Codelco | Chile | ||||
| Gold | Colt Refining | United States | ||||
| Gold | Daejin Indus Co. Ltd | Korea, Republic Of | ||||
| Gold | Daye Non-Ferrous Metals Mining Ltd. | China | ||||
| Gold | Do Sung Corporation | Korea, Republic Of | ||||
| Gold | * | Doduco | Germany | |||
| Gold | * | Dowa Mining Co., Ltd. | Japan | |||
| Gold | * | Eco-System Recycling Co., Ltd. | Japan | |||
| Gold | FSE Novosibirsk Refinery | Russian Federation | ||||
| Gold | Gansu Seemine Material Hi-Tech Co Ltd | China | ||||
| Gold | Guangdong Jinding Gold Limited | China | ||||
| Gold | Hangzhou Fuchunjiang Smelting Co., Ltd. | China | ||||
| Gold | * | Heimerle + Meule GmbH | Germany | |||
| Gold | Heraeus Incorporated | United States | ||||
| Gold | * | Heraeus Ltd. Hong Kong | Hong Kong | |||
| Gold | * | Heraeus Precious Metals GmbH & Co. KG | Germany | |||
| Gold | Hunan Chenzhou Mining Group Co., Ltd. | China | ||||
| Gold | Hwasung CJ Co. Ltd | Korea, Republic Of | ||||
| Gold | * | Inner Mongolia Qiankun Gold and Silver Refinery Share Company Limited | China | |||
| Gold | * | Ishifuku Metal Industry Co., Ltd. | Japan | |||
| Gold | * | Istanbul Gold Refinery | Turkey |
| Metal |
* | Smelter or Refiner Name |
Smelter or Refiner Location | |||
| Gold | * | Japan Mint | Japan | |||
| Gold | * | Jiangxi Copper Company Limited | China | |||
| Gold | * | Johnson Matthey Inc | United States | |||
| Gold | * | Johnson Matthey Ltd | Canada | |||
| Gold | * | JSC Ekaterinburg Non-Ferrous Metal Processing Plant | Russian Federation | |||
| Gold | * | JSC Uralelectromed | Russian Federation | |||
| Gold | * | JX Nippon Mining & Metals Co., Ltd. | Japan | |||
| Gold | * | Kazzinc Inc. | Kazakhstan | |||
| Gold | * | Kennecott Utah Copper LLC | United States | |||
| Gold | * | Kojima Chemicals Co., Ltd | Japan | |||
| Gold | Korea Metal Co. Ltd | Korea, Republic Of | ||||
| Gold | * | Kyrgyzaltyn JSC | Kyrgyzstan | |||
| Gold | * | L’ azurde Company For Jewelry | Saudi Arabia | |||
| Gold | Lingbao Gold Company Ltd. | China | ||||
| Gold | Lingbao Jinyuan Tonghui Refinery Co. Ltd. | China | ||||
| Gold | * | LS-NIKKO Copper Inc. | Korea, Republic Of | |||
| Gold | Luoyang Zijin Yinhui Metal Smelt Co Ltd | China | ||||
| Gold | * | Materion | United States | |||
| Gold | * | Matsuda Sangyo Co., Ltd. | Japan | |||
| Gold | * | Metalor Technologies (Hong Kong) Ltd | Hong Kong | |||
| Gold | * | Metalor Technologies (Singapore) Pte. Ltd. | Singapore | |||
| Gold | Metalor Technologies (Suzhou) Co Ltd | China | ||||
| Gold | * | Metalor Technologies SA | Switzerland | |||
| Gold | * | Metalor USA Refining Corporation | United States | |||
| Gold | * | Met-Mex Peñoles, S.A. | Mexico | |||
| Gold | * | Mitsubishi Materials Corporation | Japan | |||
| Gold | * | Mitsui Mining and Smelting Co., Ltd. | Japan | |||
| Gold | * | Moscow Special Alloys Processing Plant | Russian Federation | |||
| Gold | * | Nadir Metal Rafineri San. Ve Tic. A.Ş. | Turkey | |||
| Gold | * | Navoi Mining and Metallurgical Combinat | Uzbekistan | |||
| Gold | * | Nihon Material Co. LTD | Japan | |||
| Gold | * | Ohio Precious Metals, LLC | United States | |||
| Gold | * | Ohura Precious Metal Industry Co., Ltd | Japan | |||
| Gold | * | OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” (OJSC Krastvetmet) | Russian Federation | |||
| Gold | * | OJSC Kolyma Refinery | Russian Federation | |||
| Gold | * | PAMP SA | Switzerland | |||
| Gold | Penglai Penggang Gold Industry Co Ltd | China | ||||
| Gold | * | Prioksky Plant of Non-Ferrous Metals | Russian Federation | |||
| Gold | * | PT Aneka Tambang (Persero) Tbk | Indonesia | |||
| Gold | * | PX Précinox SA | Switzerland | |||
| Gold | * | Rand Refinery (Pty) Ltd | South Africa | |||
| Gold | * | Republic Metals Corporation | United States | |||
| Gold | * | Royal Canadian Mint | Canada | |||
| Gold | Sabin Metal Corp. | United States | ||||
| Gold | Samduck Precious Metals | Korea, Republic Of | ||||
| Gold | SAMWON METALS Corp. | Korea, Republic Of | ||||
| Gold | * | Schöne Edelmetaal B.V. | Netherlands | |||
| Gold | * | SEMPSA Joyería Platería SA | Spain | |||
| Gold | Shandong Tarzan Bio-Gold Co Ltd | China | ||||
| Gold | * | Shandong Zhaojin Gold & Silver Refinery Co. Ltd | China | |||
| Gold | * | Sichuan Tianze Precious Metals Co., Ltd | China | |||
| Gold | So Accurate Group, Inc. | United States |
| Metal |
* | Smelter or Refiner Name |
Smelter or Refiner Location | |||
| Gold | * | SOE Shyolkovsky Factory of Secondary Precious Metals | Russian Federation | |||
| Gold | * | Solar Applied Materials Technology Corp. | Taiwan | |||
| Gold | * | Sumitomo Metal Mining Co., Ltd. | Japan | |||
| Gold | * | Tanaka Kikinzoku Kogyo K.K. | Japan | |||
| Gold | * | The Great Wall Gold and Silver Refinery of China | China | |||
| Gold | * | The Refinery of Shandong Gold Mining Co. Ltd | China | |||
| Gold | * | Tokuriki Honten Co., Ltd | Japan | |||
| Gold | TongLing Nonferrous Metals Group Holdings Co., Ltd. | China | ||||
| Gold | * | Torecom | Korea, Republic Of | |||
| Gold | * | Umicore Brasil Ltda | Brazil | |||
| Gold | * | Umicore Precious Metals Thailand | Thailand | |||
| Gold | * | Umicore SA Business Unit Precious Metals Refining | Belgium | |||
| Gold | * | United Precious Metal Refining, Inc. | United States | |||
| Gold | * | Valcambi SA | Switzerland | |||
| Gold | * | Western Australian Mint trading as The Perth Mint | Australia | |||
| Gold | * | Yamamoto Precious Metal Co., Ltd. | Japan | |||
| Gold | * | Yokohama Metal Co Ltd | Japan | |||
| Gold | Yunnan Copper Industry Co Ltd | China | ||||
| Gold | * | Zhongyuan Gold Smelter of Zhongjin Gold Corporation | China | |||
| Gold | * | Zijin Mining Group Co. Ltd | China | |||
| Tantalum | AMG Advanced Metallurgical Group | United States | ||||
| Tantalum | * | Changsha South Tantalum Niobium Co., Ltd. | China | |||
| Tantalum | * | Conghua Tantalum and Niobium Smeltry | China | |||
| Tantalum | * | Duoluoshan Sapphire Rare Metal Co., Ltd. | China | |||
| Tantalum | * | Exotech Inc. | United States | |||
| Tantalum | * | F&X Electro-Materials Ltd. | China | |||
| Tantalum | Gannon & Scott | United States | ||||
| Tantalum | * | Global Advanced Metals Aizu | Japan | |||
| Tantalum | * | Global Advanced Metals Boyertown | United States | |||
| Tantalum | * | Guangdong Zhiyuan New Material Co., Ltd. | China | |||
| Tantalum | * | Guizhou Zhenhua Xinyun Technology Ltd., Kaili branch | China | |||
| Tantalum | * | H.C. Starck Co., Ltd. | Thailand | |||
| Tantalum | * | H.C. Starck GmbH Goslar | Germany | |||
| Tantalum | * | H.C. Starck GmbH Laufenburg | Germany | |||
| Tantalum | * | H.C. Starck Hermsdorf GmbH | Germany | |||
| Tantalum | * | H.C. Starck Inc. | United States | |||
| Tantalum | * | H.C. Starck Ltd. | Japan | |||
| Tantalum | * | H.C. Starck Smelting GmbH & Co.KG | Germany | |||
| Tantalum | * | Hengyang King Xing Lifeng New Materials Co., Ltd. | China | |||
| Tantalum | * | Hi-Temp Specialty Metals, Inc. | United States | |||
| Tantalum | * | Jiangxi Dinghai Tantalum & Niobium Co., Ltd | China | |||
| Tantalum | Jiangxi Tungsten Industry Group Co Ltd | China | ||||
| Tantalum | * | JiuJiang JinXin Nonferrous Metals Co., Ltd. | China | |||
| Tantalum | * | Jiujiang Tanbre Co., Ltd. | China | |||
| Tantalum | JX Nippon Mining & Metals Co., Ltd. | Japan | ||||
| Tantalum | * | KEMET Blue Metals | Mexico | |||
| Tantalum | * | Kemet Blue Powder | United States | |||
| Tantalum | * | King-Tan Tantalum Industry Ltd | China | |||
| Tantalum | * | LSM Brasil S.A. | Brazil | |||
| Tantalum | * | Metallurgical Products India (Pvt.) Ltd. | India | |||
| Tantalum | * | Mineração Taboca S.A. | Brazil | |||
| Tantalum | * | Mitsui Mining and Smelting Co., Ltd. | Japan |
| Metal |
* | Smelter or Refiner Name |
Smelter or Refiner Location | |||
| Tantalum | * | Molycorp Silmet A.S. | Estonia | |||
| Tantalum | * | Ningxia Orient Tantalum Industry Co., Ltd. | China | |||
| Tantalum | * | Plansee SE Liezen | Austria | |||
| Tantalum | * | Plansee SE Reutte | Austria | |||
| Tantalum | * | QuantumClean | United States | |||
| Tantalum | * | RFH Tantalum Smeltry Co., Ltd | China | |||
| Tantalum | Shanghai Jiangxi Metals Co., Ltd. | China | ||||
| Tantalum | * | Solikamsk Metal Works | Russian Federation | |||
| Tantalum | * | Taki Chemicals | Japan | |||
| Tantalum | * | Telex | United States | |||
| Tantalum | * | Ulba | Kazakhstan | |||
| Tantalum | * | Yichun Jin Yang Rare Metal Co., Ltd | China | |||
| Tantalum | * | Zhuzhou Cement Carbide | China | |||
| Tin | * | Alpha | United States | |||
| Tin | Chengfeng Metals Co Pte Ltd | Singapore | ||||
| Tin | * | China Rare Metal Materials Company | China | |||
| Tin | * | China Tin Group Co., Ltd. | China | |||
| Tin | CNMC (Guangxi) PGMA Co. Ltd. | China | ||||
| Tin | Complejo Metalurgico Vinto S.A. | Bolivia | ||||
| Tin | * | Cooper Santa | Brazil | |||
| Tin | CSC Pure Technologies | Russia | ||||
| Tin | CV Duta Putra Bangka | Indonesia | ||||
| Tin | * | CV Gita Pesona | Indonesia | |||
| Tin | CV Makmur Jaya | Indonesia | ||||
| Tin | * | CV Nurjanah | Indonesia | |||
| Tin | CV Prima Timah Utama | Indonesia | ||||
| Tin | CV Serumpun Sebalai | Indonesia | ||||
| Tin | * | CV United Smelting | Indonesia | |||
| Tin | * | Dowa Mining Co., Ltd. | Japan | |||
| Tin | Electroloy Metal Pte | Singapore | ||||
| Tin | * | Empresa Metallurgica Vinto | Bolivia | |||
| Tin | Estanho de Rondônia S.A. | Brazil | ||||
| Tin | * | Fenix Metals | Poland | |||
| Tin | Foshan Nanhai Songgang Hongyang Tin Industry Co., Ltd. | China | ||||
| Tin | Gejiu Kai Meng Industry and Trade LLC | China | ||||
| Tin | * | Gejiu Non-Ferrous Metal Processing Co. Ltd. | China | |||
| Tin | Gejiu Zi-Li | China | ||||
| Tin | Heraeus Materials Technology GmbH & Co. KG | Singapore | ||||
| Tin | Huichang Jinshunda Tin Co. Ltd | China | ||||
| Tin | Hyundai-Steel | Korea, Republic Of | ||||
| Tin | Japan New Metals Co., Ltd. | Japan | ||||
| Tin | Jean Goldschmidt International SA | Belgium | ||||
| Tin | Jiangxi Nanshan | China | ||||
| Tin | JX Nippon Mining & Metals Co., Ltd. | Japan | ||||
| Tin | Koki Products Co., Ltd. | Thailand | ||||
| Tin | Kovohutě Příbram | Czech Republic | ||||
| Tin | Linwu Xianggui Smelter Co | China | ||||
| Tin | * | Magnu’s Minerais Metais e Ligas LTDA | Brazil | |||
| Tin | * | Malaysia Smelting Corporation (MSC) | Malaysia | |||
| Tin | * | Melt Metais e Ligas S/A | Brazil | |||
| Tin | * | Metallo Chimique | Belgium | |||
| Tin | * | Mineração Taboca S.A. | Brazil |
| Metal |
* | Smelter or Refiner Name |
Smelter or Refiner Location | |||
| Tin | * | Minsur | Peru | |||
| Tin | * | Mitsubishi Materials Corporation | Japan | |||
| Tin | Mitsui Mining and Smelting Co., Ltd. | Japan | ||||
| Tin | * | Nghe Tinh Non-Ferrous Metals Joint Stock Company | Viet Nam | |||
| Tin | Novosibirsk Integrated Tin Works | Russian Federation | ||||
| Tin | * | O.M. Manufacturing (Thailand) Co., Ltd. | Thailand | |||
| Tin | * | O.M. Manufacturing Philippines, Inc. | Philippines | |||
| Tin | * | Operaciones Metalurgical S.A. | Bolivia | |||
| Tin | Poongsan Corporation | Korea, Republic Of | ||||
| Tin | POSCO | Korea, Republic Of | ||||
| Tin | PT Alam Lestari Kencana | Indonesia | ||||
| Tin | * | PT Artha Cipta Langgeng | Indonesia | |||
| Tin | * | PT ATD Makmur Mandiri Jaya | Indonesia | |||
| Tin | * | PT Babel Inti Perkasa | Indonesia | |||
| Tin | PT Babel Surya Alam Lestari | Indonesia | ||||
| Tin | PT Bangka Kudai Tin | Indonesia | ||||
| Tin | * | PT Bangka Putra Karya | Indonesia | |||
| Tin | PT Bangka Timah Utama Sejahtera | Indonesia | ||||
| Tin | * | PT Bangka Tin Industry | Indonesia | |||
| Tin | * | PT Belitung Industri Sejahtera | Indonesia | |||
| Tin | * | PT BilliTin Makmur Lestari | Indonesia | |||
| Tin | * | PT Bukit Timah | Indonesia | |||
| Tin | PT Donna Kembara Jaya | Indonesia | ||||
| Tin | * | PT DS Jaya Abadi | Indonesia | |||
| Tin | * | PT Eunindo Usaha Mandiri | Indonesia | |||
| Tin | PT Fang Di MulTindo | Indonesia | ||||
| Tin | PT HANJAYA PERKASA METALS | Indonesia | ||||
| Tin | PT HP Metals Indonesia | Indonesia | ||||
| Tin | * | PT Inti Stania Prima | Indonesia | |||
| Tin | * | PT Justindo | Indonesia | |||
| Tin | * | PT Karimun Mining | Indonesia | |||
| Tin | PT Koba Tin | Indonesia | ||||
| Tin | * | PT Mitra Stania Prima | Indonesia | |||
| Tin | * | PT Panca Mega Persada | Indonesia | |||
| Tin | PT Pelat Timah Nusantara Tbk | Indonesia | ||||
| Tin | * | PT Prima Timah Utama | Indonesia | |||
| Tin | * | PT Refined Banka Tin | Indonesia | |||
| Tin | * | PT Sariwiguna Binasentosa | Indonesia | |||
| Tin | PT Seirama Tin investment | Indonesia | ||||
| Tin | PT Singkep Times Utama | Indonesia | ||||
| Tin | * | PT Stanindo Inti Perkasa | Indonesia | |||
| Tin | * | PT Sumber Jaya Indah | Indonesia | |||
| Tin | PT Supra Sukses Trinusa | Indonesia | ||||
| Tin | * | PT Tambang Timah | Indonesia | |||
| Tin | * | PT Timah (Persero), Tbk | Indonesia | |||
| Tin | * | PT Tinindo Inter Nusa | Indonesia | |||
| Tin | PT Tommy Utama | Indonesia | ||||
| Tin | PT Yinchendo Mining Industry | Indonesia | ||||
| Tin | Pure Technology | Russia | ||||
| Tin | * | Rui Da Hung | Taiwan | |||
| Tin | Senju Metal Industry Co., Ltd. | Bolivia | ||||
| Tin | SGS | Bolivia |
| Metal |
* | Smelter or Refiner Name |
Smelter or Refiner Location | |||
| Tin | Shenzhen Anchen Tin Co., Ltd | China | ||||
| Tin | * | Soft Metais, Ltda. | Brazil | |||
| Tin | Sumitomo Metal Mining Co., Ltd. | Japan | ||||
| Tin | Technic Inc. | United States | ||||
| Tin | * | Thaisarco | Thailand | |||
| Tin | * | VQB Mineral and Trading Group JSC | Viet Nam | |||
| Tin | * | White Solder Metalurgia e Mineração Ltda. | Brazil | |||
| Tin | * | Yunnan Chengfeng Non-ferrous Metals Co.,Ltd. | China | |||
| Tin | * | Yunnan Tin Company Limited | China | |||
| Tungsten | * | A.L.M.T. Corp. | Japan | |||
| Tungsten | Air Products | United States | ||||
| Tungsten | * | Chenzhou Diamond Tungsten Products Co., Ltd. | China | |||
| Tungsten | * | Chongyi Zhangyuan Tungsten Co., Ltd. | China | |||
| Tungsten | * | Dayu Weiliang Tungsten Co., Ltd. | China | |||
| Tungsten | * | Fujian Jinxin Tungsten Co., Ltd. | China | |||
| Tungsten | Ganxian Shirui New Material Co., Ltd. | China | ||||
| Tungsten | * | Ganzhou Huaxing Tungsten Products Co., Ltd. | China | |||
| Tungsten | * | Ganzhou Jiangwu Ferrotungsten Co., Ltd. | China | |||
| Tungsten | * | Ganzhou Non-ferrous Metals Smelting Co., Ltd. | China | |||
| Tungsten | * | Ganzhou Seadragon W & Mo Co., Ltd. | China | |||
| Tungsten | * | Global Tungsten & Powders Corp. | United States | |||
| Tungsten | * | Guangdong Xianglu Tungsten Industry Co., Ltd. | China | |||
| Tungsten | * | H.C. Starck GmbH | Germany | |||
| Tungsten | * | H.C. Starck Smelting GmbH & Co.KG | Germany | |||
| Tungsten | * | Hunan Chenzhou Mining Group Co., Ltd. | China | |||
| Tungsten | * | Hunan Chun-Chang Nonferrous Smelting & Concentrating Co., Ltd. | China | |||
| Tungsten | Izawa Metal Co., Ltd | Japan | ||||
| Tungsten | * | Japan New Metals Co., Ltd. | Japan | |||
| Tungsten | Jiangsu Hetian Technological Material Co.,Ltd | China | ||||
| Tungsten | * | Jiangwu H.C. Starck Tungsten Products Co., Ltd. | China | |||
| Tungsten | * | Jiangxi Gan Bei Tungsten Co., Ltd. | China | |||
| Tungsten | Jiangxi Minmetals Gao’an Non-ferrous Metals Co., Ltd. | China | ||||
| Tungsten | Jiangxi Rare Earth & Rare Metals Tungsten Group Corp | China | ||||
| Tungsten | Jiangxi Richsea New Materials Co., Ltd. | China | ||||
| Tungsten | * | Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. | China | |||
| Tungsten | Jiangxi Tungsten Industry Group Co Ltd | China | ||||
| Tungsten | * | Jiangxi Xinsheng Tungsten Industry Co., Ltd. | China | |||
| Tungsten | * | Jiangxi Yaosheng Tungsten Co., Ltd. | China | |||
| Tungsten | JX Nippon Mining & Metals Co., Ltd. | Japan | ||||
| Tungsten | * | Kennametal Fallon | United States | |||
| Tungsten | * | Kennametal Huntsville | United States | |||
| Tungsten | * | Malipo Haiyu Tungsten Co., Ltd. | China | |||
| Tungsten | Mitsubishi Materials Corporation | Japan | ||||
| Tungsten | North American Tungsten | Canada | ||||
| Tungsten | * | Nui Phao H.C. Starck Tungsten Chemicals Manufacturing LLC | Viet Nam | |||
| Tungsten | Sumitomo Metal Mining Co., Ltd. | Germany | ||||
| Tungsten | TaeguTec Ltd. | Korea, Republic Of | ||||
| Tungsten | * | Tamano Smelter, Hibi Kyodo Smelting Co., Ltd | Japan | |||
| Tungsten | * | Tejing (Vietnam) Tungsten Co., Ltd. | Viet Nam | |||
| Tungsten | * | Vietnam Youngsun Tungsten Industry Co., Ltd. | Viet Nam | |||
| Tungsten | Voss Metals Company, Inc. | United States |
| Metal |
* | Smelter or Refiner Name |
Smelter or Refiner Location | |||
| Tungsten | * | Wolfram Bergbau und Hütten AG | Austria | |||
| Tungsten | * | Wolfram Company CJSC | Russian Federation | |||
| Tungsten | Xiamen Honglu Tungsten Molybdenum Industry Co.Ltd | China | ||||
| Tungsten | * | Xiamen Tungsten (H.C.) Co., Ltd. | China | |||
| Tungsten | * | Xiamen Tungsten Co., Ltd. | China | |||
| Tungsten | * | Xinhai Rendan Shaoguan Tungsten Co., Ltd. | China | |||
| Tungsten | Zigong Cemented Carbide Co., Ltd. | China |
| * | Denotes smelters and refiners that have received a conflict-free designation from an independent third party audit program. |
The table below lists the smelter or refiner facilities which, to the extent known, processed the necessary conflict minerals in our products that were sourced from the Covered Countries, and hence were subject to due diligence, along with their CFSP Certification Status.
The CFSP Certification Status values are:
| • | CFSP: The smelter has an active certification or is in the process of renewing their certification |
| • | CFSP-Active: The smelter is actively moving through the certification process |
| • | CFSP-Progressing: These are Tungsten smelters that have committed to obtain a CFSP certification within 2 years of membership with the Tungsten Industry-Conflict Minerals Committee. |
| Metal |
Smelter or Refiner Name |
CFSP Certification Status |
Smelter or Refiner Location | |||
| Gold | CCR Refinery - Glencore Canada Corporation | CFSP | Canada | |||
| Gold | Nadir Metal Rafineri San. Ve Tic. A.Ş. | CFSP | Turkey | |||
| Gold | Rand Refinery (Pty) Ltd | CFSP | South Africa | |||
| Tantalum | Conghua Tantalum and Niobium Smeltry | CFSP | China | |||
| Tantalum | Duoluoshan Sapphire Rare Metal Co., Ltd. | CFSP | China | |||
| Tantalum | Global Advanced Metals Boyertown | CFSP | United States | |||
| Tantalum | H.C. Starck Co., Ltd. | CFSP | Thailand | |||
| Tantalum | H.C. Starck GmbH Goslar | CFSP | Germany | |||
| Tantalum | H.C. Starck GmbH Laufenburg | CFSP | Germany | |||
| Tantalum | H.C. Starck Hermsdorf GmbH | CFSP | Germany | |||
| Tantalum | H.C. Starck Inc. | CFSP | United States | |||
| Tantalum | H.C. Starck Ltd. | CFSP | Japan | |||
| Tantalum | Hi-Temp Specialty Metals, Inc. | CFSP | United States | |||
| Tantalum | Jiujiang Tanbre Co., Ltd. | CFSP | China | |||
| Tantalum | KEMET Blue Metals | CFSP | Mexico | |||
| Tantalum | Kemet Blue Powder | CFSP | United States | |||
| Tantalum | Ningxia Orient Tantalum Industry Co., Ltd. | CFSP | China | |||
| Tantalum | Ulba | CFSP | Kazakhstan | |||
| Tantalum | Zhuzhou Cement Carbide | CFSP | China | |||
| Tin | CV United Smelting | CFSP | Indonesia | |||
| Tin | Empresa Metallurgica Vinto | CFSP | Bolivia | |||
| Tin | Malaysia Smelting Corporation (MSC) | CFSP | Malaysia | |||
| Tin | Metallo Chimique | CFSP | Belgium | |||
| Tin | Minsur | CFSP | Peru | |||
| Tin | Operaciones Metalurgical S.A. | CFSP | Bolivia | |||
| Tin | PT Bangka Putra Karya | CFSP | Indonesia | |||
| Tin | PT Bukit Timah | CFSP | Indonesia |
| Metal |
Smelter or Refiner Name |
CFSP Certification Status |
Smelter or Refiner Location | |||
| Tin | PT DS Jaya Abadi | CFSP | Indonesia | |||
| Tin | PT Pelat Timah Nusantara Tbk | Indonesia | ||||
| Tin | PT Stanindo Inti Perkasa | CFSP | Indonesia | |||
| Tin | PT Timah (Persero), Tbk | CFSP | Indonesia | |||
| Tin | Thaisarco | CFSP | Thailand | |||
| Tin | Yunnan Tin Company Limited | CFSP | China | |||
| Tin | China Tin Group Co., Ltd. | CFSP – Active | China | |||
| Tungsten | Xiamen Tungsten (H.C.) Co., Ltd. | CFSP | China | |||
| Tungsten | Xiamen Tungsten Co., Ltd. | CFSP | China | |||
| Tungsten | H.C. Starck GmbH | CFSP – Active | Germany | |||
| Tungsten | Wolfram Company CJSC | CFSP – Progressing | Russian Federation |
The countries of origin of the Conflict Minerals processed by the supplier-reported smelters and refiners include the following countries. This is to the best of our knowledge correct based on information provided indirectly by the smelters and/or our suppliers, and therefore, this list of countries may not be all-inclusive.
Gold:
Argentina, Armenia, Australia, Austria, Belgium, Bermuda, Bolivia, Brazil, Canada, Chile, China, Czech Republic, DRC- Congo (Kinshasa), France, Germany, Ghana, Greece, Guinea, Guyana, Hong Kong, India, Indonesia, Italy, Japan, Jersey, Kazakhstan, Kyrgyzstan, Laos, Malaysia, Mali, Mexico, Mongolia, Mozambique, Namibia, Netherlands, Papua New Guinea, Peru, Philippines, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Suriname, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Uzbekistan, and Zambia.
Tantalum:
Australia, Austria, Belarus, Bolivia, Brazil, Burundi, Canada, Chile, China, DRC- Congo (Kinshasa), Estonia, Ethiopia, Germany, India, Japan, Kazakhstan, Malaysia, Mexico, Mozambique, Namibia, Niger, Nigeria, Peru, Russia, Rwanda, Sierra Leone, Switzerland, Thailand, United States, and Zimbabwe.
Tin:
Angola, Australia, Belgium, Bolivia, Brazil, Burundi, Canada, Chile, China, DRC- Congo (Kinshasa), Ethiopia, France, Germany, Hong Kong, India, Indonesia, Japan, Jersey, Kazakhstan, Malaysia, Mexico, Morocco, Mozambique, Myanmar, Niger, Nigeria, Peru, Philippines, Poland, Portugal, Russia, Rwanda, Singapore, South Korea, Spain, Switzerland, Taiwan, Thailand, United States, Uzbekistan, and Vietnam.
Tungsten:
Australia, Austria, Bolivia, Brazil, Burundi, Canada, China, Estonia, Ethiopia, Germany, India, Japan, Malaysia, Mexico, Mozambique, Namibia, Niger, Nigeria, Peru, Portugal, Russia, Rwanda, Sierra Leone, Spain, Taiwan, Thailand, United States, Vietnam, and Zimbabwe.
Steps to be Taken to Mitigate Risk
For the next reporting year, Stereotaxis plans to continue to work with our suppliers as needed to help them understand and satisfy conflict-free expectations. We will continue to closely monitor the progress of specific suppliers which currently are sourcing from non-CFSP smelters sourcing from the Covered Countries, and continue to improve our internal due diligence determination process.
Additional Risk Factors
Our conflict minerals disclosure is made in good faith and based on best efforts. However, other factors could have led to errors in the disclosures. They include, but are not limited to gaps in supplier data, error in supplier knowledge, gaps in smelter auditing process, errors in public data, errors in language translation, and delays in reporting data through the extensive supply chain upstream of Stereotaxis.