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 | |||||||||||||
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 | |||
| 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 | |||
| 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 | |||
| 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 | |||
| 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 | |||
| 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 | |||
| 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 | |||
| 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 | |||
| 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 |
Smelter or | |||
| 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 |
Smelter or | |||
| 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.