SD

 

 

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, 2015.

 

 

 


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, 2015, 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, 2015

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 26, 2016  
  Name:   Karen Witte Duros         (Date)  
  Title:   Sr. Vice President and General Counsel        
EX-1.01

Exhibit 1.01

Stereotaxis, Inc.

Conflict Minerals Report

For The Year Ended December 31, 2015

Introduction

This Conflict Minerals Report for Stereotaxis, Inc. (“Stereotaxis”, “we,” “us,” and “our”) is for the period from January 1 to December 31, 2015 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 is a smaller reporting company, and the registrant’s products are “DRC conflict undeterminable” then for the first 4 calendar years following November 13, 2012, 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. For any responses that do not pass a subjective reasonableness test, we contact those suppliers and discuss their responses.

 

  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 224 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 98 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, as well as the specific Conflict Mineral(s) used in their products. For purposes of our review, we considered each processor of a given Conflict Mineral to be a unique smelter. Therefore, as an example, if a particular processor processes two different Conflict Minerals, then we considered the entity to be two unique smelters, as opposed to one. After correction, review, and removal of duplicate or alternate names, we identified 518 smelters. Based on the information provided by our suppliers, 127 of those could not be identified to a level sufficient to perform due diligence, leaving 391 unique identified smelters consistent with known smelter designations agreed on by industry and/or the Conflict Free Sourcing Initiative (CFSI).

Of the 391 smelters, 51 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 direct 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 51 smelters identified as sourcing Conflict Minerals from the Covered Countries, Stereotaxis’ due diligence review indicates that:

 

    30 smelters are certified as DRC conflict free by the CFSI’s Conflict Free Smelter Program (CFSP).

 

    3 smelters are no longer actively processing Conflict Minerals.

 

    18 smelters have no known involvement or status with the CFSP.

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       A.L.M.T. TUNGSTEN Corp.    Japan
GOLD       Advanced Chemical Company    United States
GOLD    *    Aida Chemical Industries Co., Ltd.    Japan
GOLD    *    Allgemeine Gold-und Silberscheideanstalt A.G.    Germany
GOLD    *    Almalyk Mining and Metallurgical Complex (AMMC)    Uzbekistan
GOLD       Alpha    United States
GOLD       AMG Advanced Metallurgical Group    United States
GOLD    *    AngloGold Ashanti Córrego do Sítio Mineração    Brazil
GOLD    *    Argor-Heraeus SA    Switzerland
GOLD    *    Asahi Pretec Corporation    Japan
GOLD    *    Asahi Refining USA Inc.    United States
GOLD    *    Asaka Riken Co., Ltd.    Japan
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       BHP Billiton    Australia
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       China Nonferrous Metal Mining (Group) Co., Ltd.    China
GOLD       China Tin Group Co., Ltd.    China
GOLD       Chugai Mining    Japan
GOLD       CNMC (Guangxi) PGMA Co. Ltd.    China
GOLD       Codelco    Chile
GOLD       Colt Refining    United States
GOLD       Conghua Tantalum and Niobium Smeltry    China
GOLD       Daejin Indus Co., Ltd.    South Korea
GOLD       Daye Non-Ferrous Metals Mining Ltd.    China
GOLD       Dayu Weiliang Tungsten Co., Ltd.    China
GOLD    *    Dowa    Japan
GOLD       DSC (Do Sung Corporation)    South Korea
GOLD    *    Eco-System Recycling Co., Ltd.    Japan
GOLD       Eldorado Gold Corporation    Canada
GOLD       Electroloy Metal Pte    Singapore
GOLD    *    Elemetal Refining, LLC    United States
GOLD       EM Vinto    Bolivia


Metal

  

*

  

Smelter or Refiner Name

  

Smelter or
Refiner Location

GOLD       ESG Edelmetall-Service GmbH & Co. KG    Germany
GOLD       Faggi Enrico S.p.A.    Italy
GOLD       Feinhutte Halsbrucke GmbH    Germany
GOLD       Gansu Seemine Material Hi-Tech Co Ltd    China
GOLD       Ganzhou Huaxing Tungsten Products Co., Ltd.    China
GOLD       Ganzhou Seadragon W & Mo Co., Ltd.    China
GOLD       Geib Refining Corporation    United States
GOLD       Gejiu Zi-Li    China
GOLD       Golden Egret Special Alloy Co. Ltd    China
GOLD       Guangdong Jinding Gold Limited    China
GOLD       Hangzhou Fuchunjiang Smelting Co., Ltd.    China
GOLD    *    Heimerle + Meule GmbH    Germany
GOLD    *    Heraeus Ltd. Hong Kong    China
GOLD       Heraeus Materials Technology GmbH & Co. KG    Singapore
GOLD    *    Heraeus Precious Metals GmbH & Co. KG    Germany
GOLD       Huichang Jinshunda Tin Co. Ltd    China
GOLD       Hunan Chenzhou Mining Co., Ltd.    China
GOLD       Hunan Chunchang Nonferrous Metals Co., Ltd.    China
GOLD       Hwasung CJ Co. Ltd    South Korea
GOLD    *    Inner Mongolia Qiankun Gold and Silver Refinery Share Company Limited    China
GOLD    *    Istanbul Gold Refinery    Turkey
GOLD    *    Japan Mint    Japan
GOLD       Japan New Metals Co., Ltd.    Japan
GOLD       Jean Goldschmidt International SA    Belgium
GOLD    *    Jiangxi Copper Company Limited    China
GOLD       Jinlong Copper Co., Ltd.    China
GOLD    *    JSC Ekaterinburg Non-Ferrous Metal Processing Plant    Russia
GOLD    *    JSC Uralelectromed    Russia
GOLD    *    JX Nippon Mining & Metals Co., Ltd.    Japan
GOLD       Kazakhmys plc    Kazakhstan
GOLD    *    Kazzinc    Kazakhstan
GOLD       Kennametal Fallon    United States
GOLD    *    Kennecott Utah Copper LLC    United States
GOLD       KGHM Polska Mied? Spó?ka Akcyjna    Poland
GOLD    *    Kojima Chemicals Co., Ltd.    Japan
GOLD       Korea Metal Co. Ltd    South Korea
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       Linwu Xianggui Smelter Co    China
GOLD    *    LS-NIKKO Copper Inc.    South Korea
GOLD       Luo yang Zijin Yinhui Metal Smelt Co Ltd    China
GOLD       Malaysia Smelting Corporation (MSC)    Malaysia
GOLD    *    Materion    United States
GOLD    *    Matsuda Sangyo Co., Ltd.    Japan
GOLD       Metallurgical Products India Pvt., Ltd.    India
GOLD    *    Metalor Technologies (Hong Kong) Ltd.    China
GOLD    *    Metalor Technologies (Singapore) Pte., Ltd.    Singapore


Metal

  

*

  

Smelter or Refiner Name

  

Smelter or
Refiner Location

GOLD       Metalor Technologies (Suzhou) Co Ltd    China
GOLD    *    Metalor Technologies SA    Switzerland
GOLD    *    Metalor USA Refining Corporation    United States
GOLD    *    METALÚRGICA MET-MEX PEÑOLES, S.A. DE C.V    Mexico
GOLD       Mineração Taboca S.A.    Brazil
GOLD       Minsur    Peru
GOLD    *    Mitsubishi Materials Corporation    Japan
GOLD    *    Mitsui Mining & Smelting    Japan
GOLD    *    Moscow Special Alloys Processing Plant    Russia
GOLD    *    Navoi Mining and Metallurgical Combinat    Uzbekistan
GOLD    *    Nihon Material Co., Ltd.    Japan
GOLD    *    Ohura Precious Metal Industry Co., Ltd.    Japan
GOLD       OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” (OJSC Krastsvetmet)    Russia
GOLD       OJSC Kolyma Refinery    Russia
GOLD    *    OJSC Novosibirsk Refinery    Russia
GOLD    *    PAMP SA    Switzerland
GOLD       Penglai Penggang Gold Industry Co Ltd    China
GOLD    *    Prioksky Plant of Non-Ferrous Metals    Russia
GOLD    *    PT Aneka Tambang (Persero) Tbk    Indonesia
GOLD       PT Bangka Kudai Tin    Indonesia
GOLD       PT Bangka Timah Utama Sejahtera    Indonesia
GOLD       PT Belitung Industri Sejahtera    Indonesia
GOLD       PT Bukit Timah    Indonesia
GOLD       PT DS Jaya Abadi    Indonesia
GOLD       PT Pelat Timah Nusantara Tbk    Indonesia
GOLD       PT Refined Bangka Tin    Indonesia
GOLD       PT Stanindo Inti Perkasa    Indonesia
GOLD       PT Timah (Persero) Tbk Kundur    Indonesia
GOLD       PT Timah (Persero) Tbk Mentok    Indonesia
GOLD    *    PX PrŽcinox SA    Switzerland
GOLD    *    Rand Refinery (Pty) Ltd.    South Africa
GOLD    *    Royal Canadian Mint    Canada
GOLD       Sabin Metal Corp.    United States
GOLD       Samduck Precious Metals    South Korea
GOLD       SAMWON METALS Corp.    South Korea
GOLD    *    Schone Edelmetaal B.V.    Netherlands
GOLD    *    SEMPSA Joyería Platería SA    Spain
GOLD       Senju Metal Industry Co., Ltd.    Bolivia
GOLD       SGS    Bolivia
GOLD    *    Shandong Zhaojin Gold & Silver Refinery Co., Ltd.    China
GOLD       So Accurate Group, Inc.    United States
GOLD    *    SOE Shyolkovsky Factory of Secondary Precious Metals    Russia
GOLD       Soft Metais Ltda.    Brazil
GOLD    *    Solar Applied Materials Technology Corp.    Taiwan
GOLD    *    Sumitomo Metal Mining Co., Ltd.    Japan
GOLD       Super Dragon Technology Co., Ltd.    Taiwan
GOLD    *    Tanaka Kikinzoku Kogyo K.K.    Japan
GOLD       Technic Inc.    United States
GOLD       Thaisarco    Thailand
GOLD    *    The Great Wall Gold and Silver Refinery of China    China


Metal

  

*

  

Smelter or Refiner Name

  

Smelter or
Refiner Location

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    South Korea
GOLD    *    Umicore Brasil Ltda.    Brazil
GOLD    *    Umicore Precious Metals Thailand    Thailand
GOLD    *    United Precious Metal Refining, Inc.    United States
GOLD    *    Valcambi SA    Switzerland
GOLD    *    Western Australian Mint trading as The Perth Mint    Australia
GOLD       Xiamen Tungsten Co., Ltd.    China
GOLD    *    Yamamoto Precious Metal Co., Ltd.    Japan
GOLD       Yantai Guodasafina High-tech Environmental Refinery CO., Ltd.    China
GOLD       Yichun Jin Yang Rare Metal Co., Ltd.    China
GOLD    *    Yokohama Metal Co., Ltd.    Japan
GOLD       Yunnan Chengfeng Non-ferrous Metals Co.,Ltd.    China
GOLD       Yunnan Copper Industry Co Ltd    China
GOLD       Yunnan Tin Group (Holding) Company Limited    China
GOLD       Zhe Jiang Guang Yuan Noble Metal Smelting Factory    China
GOLD    *    Zhongyuan Gold Smelter of Zhongjin Gold Corporation    China
GOLD    *    Zijin Mining Group Co., Ltd. Gold Refinery    China
TANTALUM       AMG Advanced Metallurgical Group    United States
TANTALUM    *    Changsha South Tantalum Niobium Co., Ltd.    China
TANTALUM    *    Conghua Tantalum and Niobium Smeltry    China
TANTALUM       Dayu Weiliang Tungsten Co., Ltd.    China
TANTALUM    *    Duoluoshan    China
TANTALUM    *    Exotech Inc.    United States
TANTALUM    *    F&X Electro-Materials Ltd.    China
TANTALUM    *    FIR Metals & Resource Ltd.    China
TANTALUM       Ganzhou Huaxing Tungsten Products Co., Ltd.    China
TANTALUM       Ganzhou Non-ferrous Metals Smelting Co., Ltd.    China
TANTALUM       Ganzhou Seadragon W & Mo Co., Ltd.    China
TANTALUM       Global Advanced Metals    United States
TANTALUM    *    Global Advanced Metals Aizu    Japan
TANTALUM    *    Global Advanced Metals Boyertown    United States
TANTALUM    *    Guangdong Zhiyuan New Material Co., Ltd.    China
TANTALUM    *    H.C. Starck Co., Ltd.    Thailand
TANTALUM       H.C. Starck GmbH    Germany
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    *    Hengyang King Xing Lifeng New Materials Co., Ltd.    China
TANTALUM    *    Hi-Temp Specialty Metals, Inc.    United States
TANTALUM       Hunan Chenzhou Mining Co., Ltd.    China
TANTALUM       Japan New Metals Co., Ltd.    Japan
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    United States
TANTALUM    *    Kemet Blue Powder    United States
TANTALUM    *    King-Tan Tantalum Industry Ltd.    China


Metal

  

*

  

Smelter or Refiner Name

  

Smelter or
Refiner Location

TANTALUM    *    LSM Brasil S.A.    Brazil
TANTALUM       Materion    United States
TANTALUM    *    Metallurgical Products India Pvt., Ltd.    India
TANTALUM    *    Mitsui Mining & Smelting    Japan
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    *    Taki Chemicals    Japan
TANTALUM       Tejing (Vietnam) Tungsten Co., Ltd.    Vietnam
TANTALUM    *    Telex Metals    United States
TANTALUM    *    Ulba Metallurgical Plant JSC    Kazakhstan
TANTALUM    *    Yichun Jin Yang Rare Metal Co., Ltd.    China
TANTALUM    *    Zhuzhou Cemented Carbide    China
TIN       A.L.M.T. TUNGSTEN Corp.    Japan
TIN       Allgemeine Gold-und Silberscheideanstalt A.G.    Germany
TIN    *    Alpha    United States
TIN       Asahi Pretec Corporation    Japan
TIN       Aurubis AG    Germany
TIN    *    China Tin Group Co., Ltd.    China
TIN       CNMC (Guangxi) PGMA Co. Ltd.    China
TIN       Complejo Metalurgico Vinto S.A.    Bolivia
TIN    *    Cooperativa Metalurgica de Rondônia Ltda.    Brazil
TIN       CSC Pure Technologies    Russia
TIN       CV Duta Putra Bangka    Indonesia
TIN       CV Prima Timah Utama    Indonesia
TIN    *    CV Serumpun Sebalai    Indonesia
TIN    *    CV United Smelting    Indonesia
TIN    *    Dowa    Japan
TIN       Duoluoshan    China
TIN       Electroloy Metal Pte    Singapore
TIN    *    EM Vinto    Bolivia
TIN       Estanho de Rondônia S.A.    Brazil
TIN    *    Fenix Metals    Poland
TIN       Ganzhou Huaxing Tungsten Products Co., Ltd.    China
TIN       Geib Refining Corporation    United States
TIN       Gejiu Kai Meng Industry and Trade LLC    China
TIN    *    Gejiu Non-Ferrous Metal Processing Co., Ltd.    China
TIN       Gejiu Zi-Li    China
TIN       Heimerle + Meule GmbH    Germany
TIN       Heraeus Materials Technology GmbH & Co. KG    Singapore
TIN       Heraeus Precious Metals GmbH & Co. KG    Germany
TIN       Huichang Jinshunda Tin Co. Ltd    China
TIN       Hyundai-Steel    South Korea
TIN       Jean Goldschmidt International SA    Belgium
TIN    *    Jiangxi Ketai Advanced Material Co., Ltd.    China
TIN       Kennametal Fallon    United States
TIN       Kennametal Huntsville    United States


Metal

  

*

  

Smelter or Refiner Name

  

Smelter or
Refiner Location

TIN       Kojima Chemicals Co., Ltd.    Japan
TIN       Lingbao Jinyuan Tonghui Refinery Co. Ltd.    China
TIN       Linwu Xianggui Smelter Co    China
TIN       LS-NIKKO Copper Inc.    South Korea
TIN    *    Magnu’s Minerais Metais e Ligas Ltda.    Brazil
TIN    *    Malaysia Smelting Corporation (MSC)    Malaysia
TIN       Materials Eco-Refining CO.,LTD    Japan
TIN       Matsuda Sangyo Co., Ltd.    Japan
TIN    *    Melt Metais e Ligas S/A    Brazil
TIN       Metalor Technologies SA    Switzerland
TIN       Metalor USA Refining Corporation    United States
TIN    *    Minsur    Peru
TIN    *    Mitsubishi Materials Corporation    Japan
TIN       Mitsui Mining & Smelting    Japan
TIN       Nankang Nanshan Tin Co., Ltd.    China
TIN       Nghe Tinh Non-Ferrous Metals Joint Stock Company    Vietnam
TIN       Novosibirsk Integrated Tin Works    Russia
TIN    *    O.M. Manufacturing (Thailand) Co., Ltd.    Thailand
TIN    *    O.M. Manufacturing Philippines, Inc.    Philippines
TIN       OJSC Novosibirsk Refinery    Russia
TIN    *    Operaciones Metalurgical S.A.    Bolivia
TIN       POSCO    South Korea
TIN       PT Alam Lestari Kencana    Indonesia
TIN    *    PT Aries Kencana Sejahtera    Indonesia
TIN    *    PT Artha Cipta Langgeng    Indonesia
TIN    *    PT Babel Inti Perkasa    Indonesia
TIN       PT Bangka Kudai Tin    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 DS Jaya Abadi    Indonesia
TIN    *    PT Eunindo Usaha Mandiri    Indonesia
TIN    *    PT Justindo    Indonesia
TIN       PT Koba Tin    Indonesia
TIN    *    PT Mitra Stania Prima    Indonesia
TIN       PT Pelat Timah Nusantara Tbk    Indonesia
TIN    *    PT Prima Timah Utama    Indonesia
TIN    *    PT Refined Bangka Tin    Indonesia
TIN    *    PT Sariwiguna Binasentosa    Indonesia
TIN    *    PT Stanindo Inti Perkasa    Indonesia
TIN    *    PT Sumber Jaya Indah    Indonesia
TIN    *    PT Timah (Persero) Tbk Kundur    Indonesia
TIN    *    PT Timah (Persero) Tbk Mentok    Indonesia
TIN    *    PT Tinindo Inter Nusa    Indonesia
TIN       Pure Technology    Russia
TIN    *    Rui Da Hung    Taiwan
TIN       Senju Metal Industry Co., Ltd.    Bolivia
TIN       SGS    Bolivia
TIN       Shandong Zhaojin Gold & Silver Refinery Co., Ltd.    China


Metal

  

*

  

Smelter or Refiner Name

  

Smelter or
Refiner Location

TIN       So Accurate Group, Inc.    United States
TIN    *    Soft Metais Ltda.    Brazil
TIN       Solar Applied Materials Technology Corp.    Taiwan
TIN       Sumitomo Metal Mining Co., Ltd.    Japan
TIN       Super Dragon Technology Co., Ltd.    Taiwan
TIN       Tanaka Kikinzoku Kogyo K.K.    Japan
TIN       Technic Inc.    United States
TIN    *    Thaisarco    Thailand
TIN       TongLing Nonferrous Metals Group Holdings Co., Ltd.    China
TIN    *    White Solder Metalurgia e Mineração Ltda.    Brazil
TIN       Xianghualing Tin Co., Ltd.    China
TIN       Yunnan Chengfeng Non-ferrous Metals Co.,Ltd.    China
TIN    *    Yunnan Tin Group (Holding) Company Limited    China
TIN       Zhongyuan Gold Smelter of Zhongjin Gold Corporation    China
TIN       Zijin Mining Group Co., Ltd. Gold Refinery    China
TUNGSTEN    *    A.L.M.T. TUNGSTEN Corp.    Japan
TUNGSTEN       Alpha    United States
TUNGSTEN       Beijing Tian-Long Tungsten & Molybdenum Co., Ltd.    China
TUNGSTEN    *    Chenzhou Diamond Tungsten Products Co., Ltd.    China
TUNGSTEN       Chimet S.p.A.    Italy
TUNGSTEN    *    Chongyi Zhangyuan Tungsten Co., Ltd.    China
TUNGSTEN       Dayu Weiliang Tungsten Co., Ltd.    China
TUNGSTEN       ERAMET    France
TUNGSTEN    *    Fujian Jinxin Tungsten 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       Gejiu Zi-Li    China
TUNGSTEN    *    Global Tungsten & Powders Corp.    United States
TUNGSTEN       Golden Egret Special Alloy Co. Ltd    China
TUNGSTEN    *    Guangdong Xianglu Tungsten Co., Ltd.    China
TUNGSTEN    *    H.C. Starck GmbH    Germany
TUNGSTEN       Hi-Temp Specialty Metals, Inc.    United States
TUNGSTEN    *    Hunan Chunchang Nonferrous Metals Co., Ltd.    China
TUNGSTEN       Izawa Metal Co., Ltd    Japan
TUNGSTEN    *    Japan New Metals Co., Ltd.    Japan
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 Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.    China


Metal

  

*

  

Smelter or Refiner Name

  

Smelter or
Refiner Location

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       Materion    United States
TUNGSTEN       Mitsubishi Materials Corporation    Japan
TUNGSTEN       Mitsui Mining & Smelting    Japan
TUNGSTEN    *    Niagara Refining LLC    United States
TUNGSTEN       North American Tungsten    Canada
TUNGSTEN       Tamano Smelter, Hibi Kyodo Smelting Co., Ltd    Japan
TUNGSTEN    *    Tejing (Vietnam) Tungsten Co., Ltd.    Vietnam
TUNGSTEN    *    Vietnam Youngsun Tungsten Industry Co., Ltd.    Vietnam
TUNGSTEN       Voss Metals Company, Inc.    United States
TUNGSTEN       White Solder Metalurgia e Mineração Ltda.    Brazil
TUNGSTEN    *    Xiamen Tungsten Co., Ltd.    China
TUNGSTEN    *    Xinhai Rendan Shaoguan Tungsten Co., Ltd.    China
TUNGSTEN       Zhuzhou Cemented Carbide    China

* Denotes smelters and refiners that have received a conflict-free designation from an independent third party audit program.

The table below lists the 48 smelter or refiner facilities which, to the extent known, processed the necessary conflict minerals in our products, or products produced by companies in our supply chain that were sourced from the Covered Countries, and hence were subject to due diligence, along with their CFSP Certification Status.

The Conflict-Free Certification Status values are:

 

    CFSP: The smelter has an active certification or is in the process of renewing their certification in the Conflict-Free Smelter Program (CFSP) from the Conflict-Free Sourcing Initiative (CFSI).

 

    LBMA: The smelter has obtained a Responsible Gold Certification (RGC) from the London Bullion Market Association (LBMA).

 

Metal

  

Smelter or Refiner Name

  

Conflict-Free
Certification
Status

  

Smelter or
Refiner Location

GOLD    CCR Refinery - Glencore Canada Corporation    CFSP, LBMA    Canada
GOLD    China Nonferrous Metal Mining (Group) Co., Ltd.       China
GOLD    China Tin Group Co., Ltd.       China
GOLD    Conghua Tantalum and Niobium Smeltry       China
GOLD    EM Vinto       Bolivia


Metal

  

Smelter or Refiner Name

  

Conflict-Free
Certification
Status

  

Smelter or
Refiner Location

GOLD    Malaysia Smelting Corporation (MSC)       Malaysia
GOLD    Minsur       Peru
GOLD    PT Bukit Timah       Indonesia
GOLD    PT Pelat Timah Nusantara Tbk       Indonesia
GOLD    PT Stanindo Inti Perkasa       Indonesia
GOLD    PT Timah (Persero) Tbk Mentok       Indonesia
GOLD    Rand Refinery (Pty) Ltd.    CFSP, LBMA    South Africa
GOLD    Thaisarco       Thailand
GOLD    Xiamen Tungsten Co., Ltd.       China
GOLD    Yunnan Tin Group (Holding) Company Limited       China
TANTALUM    Conghua Tantalum and Niobium Smeltry    CFSP    China
TANTALUM    Duoluoshan    CFSP    China
TANTALUM    H.C. Starck Co., Ltd.    CFSP    Thailand
TANTALUM    H.C. Starck GmbH       Germany
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    United States
TANTALUM    Kemet Blue Powder    CFSP    United States
TANTALUM    Ningxia Orient Tantalum Industry Co., Ltd.    CFSP    China
TANTALUM    Ulba Metallurgical Plant JSC    CFSP    Kazakhstan
TANTALUM    Zhuzhou Cemented Carbide    CFSP    China
TIN    China Tin Group Co., Ltd.    CFSP    China
TIN    CV United Smelting    CFSP    Indonesia
TIN    Duoluoshan       China
TIN    EM Vinto    CFSP    Bolivia
TIN    Malaysia Smelting Corporation (MSC)    CFSP    Malaysia
TIN    Minsur    CFSP    Peru
TIN    Operaciones Metalurgical S.A.    CFSP    Bolivia
TIN    PT Bukit Timah    CFSP    Indonesia
TIN    PT Pelat Timah Nusantara Tbk       Indonesia
TIN    PT Stanindo Inti Perkasa    CFSP    Indonesia
TIN    PT Timah (Persero) Tbk Mentok    CFSP    Indonesia
TIN    Thaisarco    CFSP    Thailand
TIN    Yunnan Tin Group (Holding) Company Limited    CFSP    China
TUNGSTEN    H.C. Starck GmbH    CFSP    Germany
TUNGSTEN    Hi-Temp Specialty Metals, Inc.       United States
TUNGSTEN    Xiamen Tungsten Co., Ltd.    CFSP    China
TUNGSTEN    Zhuzhou Cemented Carbide       China

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 research into the supply chain of smelters identified by our suppliers, and therefore, this list of countries may not be all-inclusive.


Gold:

Angola, Argentina, Armenia, Australia, Austria, Belgium, Bolivia, Brazil, Burundi, Canada, Chile, China, Czech Republic, DRC- Congo (Kinshasa), Ethiopia, France, Germany, Ghana, Greece, Guinea, Guyana, Hong Kong, India, Indonesia, Italy, Japan, Jersey, Kazakhstan, Kyrgyzstan, Laos, Malaysia, Mali, Mexico, Mongolia, Morocco, Mozambique, Myanmar, Namibia, Netherlands, Niger, Nigeria, Papua New Guinea, Peru, Philippines, Poland, Portugal, Romania, Russia, Rwanda, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Suriname, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Turkey, United Kingdom, United States, Uzbekistan, Vietnam, and Zambia.

Tantalum:

Australia, Austria, Belarus, Bolivia, Brazil, Burundi, Canada, Chile, China, DRC- Congo (Kinshasa), Egypt, Estonia, Ethiopia, Germany, India, Japan, Kazakhstan, Malaysia, Mexico, Mozambique, Namibia, Niger, Nigeria, Peru, Portugal, Russia, Rwanda, Sierra Leone, South Africa, Spain, Switzerland, Thailand, United States, Vietnam, and Zimbabwe.

Tin:

Angola, Argentina, Australia, Austria, Belgium, Bolivia, Brazil, Burundi, Canada, Chile, China, DRC- Congo (Kinshasa), Ethiopia, France, Germany, Guinea, Hong Kong, India, Indonesia, Italy, Japan, Jersey, Kazakhstan, Kyrgyzstan, Malaysia, Mexico, Mongolia, Morocco, Mozambique, Myanmar, Niger, Nigeria, Papua New Guinea, Peru, Philippines, Poland, Portugal, Russia, Rwanda, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Tajikistan, Thailand, United Kingdom, United States, Uzbekistan, and Vietnam.

Tungsten:

Argentina, Australia, Bolivia, Brazil, Burundi, Canada, Chile, China, DRC- Congo (Kinshasa), Estonia, Ethiopia, Gabon, Germany, India, Indonesia, Italy, Japan, Jersey, Kazakhstan, Malaysia, Mexico, Mozambique, Namibia, Niger, Nigeria, Papua New Guinea, 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.