FORM 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:

☒ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2016.

 

 

 


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, 2016, 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, 2016


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 24, 2017
      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, 2016

Introduction

This Conflict Minerals Report for Stereotaxis, Inc. (“Stereotaxis”, “we,” “us,” and “our”) is for the period from January 1 to December 31, 2016 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.”

Consistent with the provisions of the Rule, this Conflict Minerals Report has not been audited by an independent private sector auditor.

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, 3rd 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 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 relevant 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 206 suppliers and original equipment manufacturers in our direct supply chain. We then identified the subset of those suppliers who provide us with components, materials and assemblies where Conflict Minerals might be present and necessary to functionality, and we then performed a RCOI with those suppliers. This group of suppliers represents the source for all of the 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. We received CMRT’s from 127 relevant suppliers and original equipment manufacturers.

The 127 CMRT’s we received contained 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 consider 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, and elimination of entities identified by our suppliers as smelters that we determined were not actually smelters, we identified 274 unique smelters.

Of the 274 smelters, our analysis leads us to believe that 65 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 some smelters in our supply chain 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 65 smelters identified as sourcing Conflict Minerals from the Covered Countries, Stereotaxis’ due diligence review indicates that:

 

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

 

    1 smelter is a member of the Tungsten Industry-Conflict Minerals Committee (TI-CMC) and has committed to obtaining CFSP certification within 2 years.

 

    1 smelter has obtained a London Bullion Market Association (LBMA) Responsible Gold Certification.

 

    2 smelters have no known involvement or status with the CFSP or any other relevant certifying body.

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.

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.


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.

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    Kazakhstan

Gold

   *    Allgemeine Gold-und Silberscheideanstalt A.G.    Germany

Gold

   *    Almalyk Mining and Metallurgical Complex (AMMC)    Uzbekistan

Gold

   *    AngloGold Ashanti    Brazil

Gold

   *    Argor-Heraeus SA    Switzerland

Gold

   *    Asahi Pretec Corporation    Japan

Gold

   *    Asahi Refining Canada Limited    Canada

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

      Baiyin Nonferrous Group Co., Ltd.    China

Gold

   *    Bangko Sentral ng Pilipinas (Central Bank of the Philippines)    Philippines

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 Gold International Resources Corp. Ltd    China

Gold

      Chugai Mining    Japan

Gold

   *    Daejin Indus Co., Ltd.    Korea, Republic of

Gold

   *    Daye Non-Ferrous Metals Mining Ltd.    China

Gold

   *    DODUCO GmbH    Germany

Gold

   *    Dowa    Japan

Gold

   *    DSC (Do Sung Corporation)    Korea, Republic of

Gold

   *    Eco-System Recycling Co., Ltd.    Japan

Gold

   *    Elemetal Refining, LLC    United States


Metal

  

*

  

Smelter or Refiner Name

  

Smelter or Refiner
Location

Gold

   *    Emirates Gold DMCC    United Arab Emirates

Gold

      Fidelity Printers and Refiners Ltd.    Zimbabwe

Gold

      Geib Refining Corporation    United States

Gold

   *    Great Wall Precious Metals Co., Ltd. of CBPM    China

Gold

      Guangdong Jinding Gold Limited    China

Gold

      Hangzhou Fuchunjiang Smelting Co., Ltd.    China

Gold

      Harmony Gold Mining Company Limited    South Africa

Gold

   *    Heimerle + Meule GmbH    Germany

Gold

   *    Heraeus Ltd. Hong Kong    China

Gold

   *    Heraeus Precious Metals GmbH & Co. KG    Germany

Gold

      HwaSeong 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

Gold

   *    Japan Mint    Japan

Gold

   *    Jiangxi Copper Company Limited    China

Gold

      Jinlong Copper Co., Ltd.    China

Gold

   *    JSC Ekaterinburg Non-Ferrous Metal Processing Plant    Russian Federation

Gold

   *    JSC Uralelectromed    Russian Federation

Gold

   *    JX Nippon Mining & Metals Co., Ltd.    Japan

Gold

      Kaloti Precious Metals    United Arab Emirates

Gold

   *    Kazzinc    Kazakhstan

Gold

   *    Kennecott Utah Copper LLC    United States

Gold

      KGHM Polska Miedź Spółka Akcyjna    Poland

Gold

   *    Kojima Chemicals Co., Ltd.    Japan

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

      Luo yang Zijin Yinhui Metal Smelt Co Ltd    China

Gold

   *    Materion    United States

Gold

   *    Matsuda Sangyo Co., Ltd.    Japan

Gold

   *    Metalor Technologies (Hong Kong) Ltd.    China

Gold

   *    Metalor Technologies (Singapore) Pte., Ltd.    Singapore

Gold

   *    Metalor Technologies (Suzhou) Co Ltd    China

Gold

   *    Metalor Technologies SA    Switzerland


Metal

  

*

  

Smelter or Refiner Name

  

Smelter or Refiner
Location

Gold

   *    Metalor USA Refining Corporation    United States

Gold

   *    METALÚRGICA MET-MEX PEÑOLES, S.A. DE C.V    Mexico

Gold

   *    Mitsubishi Materials Corporation    Japan

Gold

   *    Mitsui Mining and Smelting Co., Ltd.    Japan

Gold

   *    MMTC-PAMP India Pvt., Ltd.    India

Gold

      Morris and Watson    New Zealand

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

   *    Ögussa Österreichische Gold- und Silber-Scheideanstalt GmbH    Austria

Gold

   *    Ohura Precious Metal Industry Co., Ltd.    Japan

Gold

   *    OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” (OJSC Krastsvetmet)    Russian Federation

Gold

      OJSC Kolyma Refinery    Russian Federation

Gold

   *    OJSC Novosibirsk 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

      SAFINA, a.s    Czech Republic

Gold

   *    Samduck Precious Metals    Korea, Republic of

Gold

      SAMWON METALS Corp.    Korea, Republic of

Gold

   *    SAXONIA Edelmetalle GmbH    Germany

Gold

   *    Schone Edelmetaal B.V.    Netherlands

Gold

   *    SEMPSA Joyería Platería SA    Spain

Gold

      Shandong Tiancheng Biological Gold Industrial Co., Ltd.    China

Gold

   *    Shandong Zhaojin Gold & Silver Refinery Co., Ltd.    China

Gold

      So Accurate Group, Inc.    United States

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

   *    T.C.A S.p.A    Italy


Metal

  

*

  

Smelter or Refiner Name

  

Smelter or Refiner
Location

Gold

   *    Tanaka Kikinzoku Kogyo K.K.    Japan

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

   *    WIELAND Edelmetalle GmbH    Germany

Gold

   *    Yamamoto Precious Metal Co., Ltd.    Japan

Gold

      Yantai Guodasafina High-tech Environmental Refinery CO., Ltd.    China

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. Gold Refinery    China

Tantalum

   *    Changsha South Tantalum Niobium Co., Ltd.    China

Tantalum

   *    Conghua Tantalum and Niobium Smeltry    China

Tantalum

   *    D Block Metals, LLC    United States

Tantalum

   *    Duoluoshan    China

Tantalum

   *    Exotech Inc.    United States

Tantalum

   *    F&X Electro-Materials Ltd.    China

Tantalum

   *    FIR Metals & Resource Ltd.    China

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 Goslar    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

   *    JiuJiang JinXin Nonferrous Metals Co., Ltd.    China


Metal

  

*

  

Smelter or Refiner Name

  

Smelter or Refiner
Location

Tantalum

   *    Jiujiang Tanbre Co., Ltd.    China

Tantalum

      Jiujiang Zhongao Tantalum & Niobium Co., Ltd.    China

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

Tantalum

   *    Molycorp Silmet A.S.    Estonia

Tantalum

   *    Ningxia Orient Tantalum Industry Co., Ltd.    China

Tantalum

   *    QuantumClean    United States

Tantalum

   *    RFH Tantalum Smeltry Co., Ltd.    China

Tantalum

   *    Solikamsk Magnesium Works OAO    Russian Federation

Tantalum

   *    Telex Metals    United States

Tantalum

   *    Tranzact, Inc.    United States

Tantalum

   *    Ulba Metallurgical Plant JSC    Kazakhstan

Tantalum

   *    XinXing Haorong Electronic Material Co., Ltd.    China

Tantalum

   *    Yichun Jin Yang Rare Metal Co., Ltd.    China

Tantalum

   *    Zhuzhou Cemented Carbide Group Co., Ltd.    China

Tin

   *    Alpha    United States

Tin

      An Vinh Joint Stock Mineral Processing Company    Viet Nam

Tin

   *    Chenzhou Yunxiang Mining and Metallurgy Company Limited    China

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

   *    CV Ayi Jaya    Indonesia

Tin

   *    CV Gita Pesona    Indonesia

Tin

      CV Prima Timah Utama    Indonesia

Tin

   *    CV Serumpun Sebalai    Indonesia

Tin

   *    CV United Smelting    Indonesia

Tin

   *    CV Venus Inti Perkasa    Indonesia

Tin

      Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company    Viet Nam

Tin

   *    Elmet S.L.U.    Spain

Tin

   *    EM Vinto    Bolivia

Tin

      Estanho de Rondônia S.A.    Brazil


Metal

  

*

  

Smelter or Refiner Name

  

Smelter or Refiner
Location

Tin

   *    Fenix Metals    Poland

Tin

      Gejiu Kai Meng Industry and Trade LLC    China

Tin

   *    Gejiu Non-Ferrous Metal Processing Co., Ltd.    China

Tin

      Gejiu Yunxin Nonferrous Electrolysis Co., Ltd.    China

Tin

      Gejiu Zi-Li    China

Tin

      Huichang Jinshunda Tin Co. Ltd    China

Tin

      Jean Goldschmidt International SA    Belgium

Tin

   *    Jiangxi Ketai Advanced Material Co., Ltd.    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

   *    Metallic Resources, Inc.    United States

Tin

   *    Metallo-Chimique N.V.    Belgium

Tin

   *    Mineração Taboca S.A.    Brazil

Tin

   *    Minsur    Peru

Tin

   *    Mitsubishi Materials Corporation    Japan

Tin

      Nankang Nanshan Tin Co., Ltd.    China

Tin

      Nghe Tinh Non-Ferrous Metals Joint Stock Company    Viet Nam

Tin

   *    O.M. Manufacturing (Thailand) Co., Ltd.    Thailand

Tin

   *    O.M. Manufacturing Philippines, Inc.    Philippines

Tin

   *    Operaciones Metalurgical S.A.    Bolivia

Tin

   *    PT Aries Kencana Sejahtera    Indonesia

Tin

   *    PT Artha Cipta Langgeng    Indonesia

Tin

   *    PT ATD Makmur Mandiri Jaya    Indonesia

Tin

   *    PT Babel Inti Perkasa    Indonesia

Tin

   *    PT Bangka Prima Tin    Indonesia

Tin

   *    PT Bangka Tin Industry    Indonesia

Tin

   *    PT Belitung Industri Sejahtera    Indonesia

Tin

   *    PT Bukit Timah    Indonesia

Tin

   *    PT Cipta Persada Mulia    Indonesia

Tin

   *    PT DS Jaya Abadi    Indonesia

Tin

   *    PT Eunindo Usaha Mandiri    Indonesia

Tin

   *    PT Inti Stania Prima    Indonesia

Tin

   *    PT Justindo    Indonesia

Tin

   *    PT Karimun Mining    Indonesia

Tin

   *    PT Mitra Stania Prima    Indonesia

Tin

   *    PT Panca Mega Persada    Indonesia

Tin

   *    PT Prima Timah Utama    Indonesia


Metal

  

*

  

Smelter or Refiner Name

  

Smelter or Refiner
Location

Tin

   *    PT Refined Bangka Tin    Indonesia

Tin

   *    PT Sariwiguna Binasentosa    Indonesia

Tin

   *    PT Stanindo Inti Perkasa    Indonesia

Tin

   *    PT Sukses Inti Makmur    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

      PT Tirus Putra Mandiri    Indonesia

Tin

   *    PT Tommy Utama    Indonesia

Tin

   *    PT WAHANA PERKIT JAYA    Indonesia

Tin

   *    Rui Da Hung    Taiwan

Tin

   *    Soft Metais Ltda.    Brazil

Tin

   *    Thaisarco    Thailand

Tin

      Tuyen Quang Non-Ferrous Metals Joint Stock Company    Viet Nam

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 Group (Holding) Company Limited    China

Tungsten

   *    A.L.M.T. TUNGSTEN Corp.    Japan

Tungsten

   *    Asia Tungsten Products Vietnam Ltd.    Viet Nam

Tungsten

   *    Chenzhou Diamond Tungsten Products Co., Ltd.    China

Tungsten

   *    China Minmetals    China

Tungsten

   *    Chongyi Zhangyuan Tungsten Co., Ltd.    China

Tungsten

      Dayu Jincheng Tungsten Industry Co., Ltd.    China

Tungsten

   *    Dayu Weiliang Tungsten Co., Ltd.    China

Tungsten

   *    Fujian Jinxin Tungsten Co., Ltd.    China

Tungsten

   *    Ganzhou Huaxing Tungsten Products Co., Ltd.    China

Tungsten

   *    Ganzhou Jiangwu Ferrotungsten Co., Ltd.    China

Tungsten

   *    Ganzhou Seadragon W & Mo Co., Ltd.    China

Tungsten

      Ganzhou Yatai Tungsten Co., Ltd.    China

Tungsten

   *    Global Tungsten & Powders Corp.    United States

Tungsten

   *    Guangdong Xianglu Tungsten Co., Ltd.    China

Tungsten

   *    H.C. Starck GmbH    Germany

Tungsten

   *    Hunan Chuangda Vanadium Tungsten Co., Ltd. Wuji    China

Tungsten

   *    Hunan Chunchang Nonferrous Metals Co., Ltd.    China

Tungsten

   *    Hydrometallurg, JSC    Russian Federation

Tungsten

   *    Japan New Metals Co., Ltd.    Japan


Metal

  

*

  

Smelter or Refiner Name

  

Smelter or Refiner
Location

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 Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.    China

Tungsten

   *    Jiangxi Xinsheng Tungsten Industry Co., Ltd.    China

Tungsten

   *    Jiangxi Xiushui Xianggan Nonferrous Metals Co., Ltd.    China

Tungsten

   *    Jiangxi Yaosheng Tungsten Co., Ltd.    China

Tungsten

   *    Kennametal Fallon    United States

Tungsten

   *    Kennametal Huntsville    United States

Tungsten

   *    Malipo Haiyu Tungsten Co., Ltd.    China

Tungsten

   *    Niagara Refining LLC    United States

Tungsten

      Nippon Tungsten Co., Ltd.    Japan

Tungsten

   *    Nui Phao H.C. Starck Tungsten Chemicals Manufacturing LLC    Viet Nam

Tungsten

   *    Tejing (Vietnam) Tungsten Co., Ltd.    Viet Nam

Tungsten

   *    Vietnam Youngsun Tungsten Industry Co., Ltd.    Viet Nam

Tungsten

   *    Wolfram Bergbau und Hütten AG    Austria

Tungsten

   *    Xiamen Tungsten (H.C.) Co., Ltd.    China

Tungsten

   *    Xiamen Tungsten Co., Ltd.    China

Tungsten

   *    Xinhai Rendan Shaoguan Tungsten Co., Ltd.    China

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

Smelters or Refiners which Processed Necessary Conflict Minerals

The table below lists the 65 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).

 

    TICMC: The Tungsten smelter is a member of the Tungsten Industry-Conflict Minerals Committee (TI-CMC) and has committed to obtaining CFSP certification within 2 years.

 

Metal

  

Official Smelter Name

   Conflict-Free
Certification Status
   Smelter or Refiner
Location

Gold

   Almalyk Mining and Metallurgical Complex (AMMC)    LBMA    Uzbekistan

Gold

   Asaka Riken Co., Ltd.    CFSP    Japan


Metal

  

Official Smelter Name

   Conflict-Free
Certification Status
   Smelter or Refiner
Location

Gold

   CCR Refinery - Glencore Canada Corporation    CFSP    Canada

Gold

   Elemetal Refining, LLC    CFSP    United States

Gold

   Jiangxi Copper Company Limited    CFSP    China

Gold

   Mitsubishi Materials Corporation    CFSP    Japan

Gold

   Nihon Material Co., Ltd.    CFSP    Japan

Gold

   Prioksky Plant of Non-Ferrous Metals    CFSP    Russian Federation

Gold

   Rand Refinery (Pty) Ltd.    CFSP    South Africa

Gold

   Samduck Precious Metals    CFSP    Korea, Republic of

Tantalum

   Changsha South Tantalum Niobium Co., Ltd.    CFSP    China

Tantalum

   Conghua Tantalum and Niobium Smeltry    CFSP    China

Tantalum

   Duoluoshan    CFSP    China

Tantalum

   F&X Electro-Materials Ltd.    CFSP    China

Tantalum

   Global Advanced Metals Aizu    CFSP    Japan

Tantalum

   Global Advanced Metals Boyertown    CFSP    United States

Tantalum

   Guangdong Zhiyuan New Material Co., Ltd.    CFSP    China

Tantalum

   H.C. Starck Co., Ltd.    CFSP    Thailand

Tantalum

   H.C. Starck GmbH Goslar    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

   H.C. Starck Smelting GmbH & Co. KG    CFSP    Germany

Tantalum

   Hi-Temp Specialty Metals, Inc.    CFSP    United States

Tantalum

   JiuJiang JinXin Nonferrous Metals Co., Ltd.    CFSP    China

Tantalum

   Jiujiang Tanbre Co., Ltd.    CFSP    China

Tantalum

   Jiujiang Zhongao Tantalum & Niobium Co., Ltd.       China

Tantalum

   KEMET Blue Metals    CFSP    Mexico

Tantalum

   Kemet Blue Powder    CFSP    United States

Tantalum

   LSM Brasil S.A.    CFSP    Brazil

Tantalum

   Ningxia Orient Tantalum Industry Co., Ltd.    CFSP    China

Tantalum

   Ulba Metallurgical Plant JSC    CFSP    Kazakhstan

Tantalum

   Zhuzhou Cemented Carbide Group Co., Ltd.    CFSP    China

Tin

   China Tin Group Co., Ltd.    CFSP    China

Tin

   CV United Smelting    CFSP    Indonesia

Tin

   CV Venus Inti Perkasa    CFSP    Indonesia

Tin

   EM Vinto    CFSP    Bolivia

Tin

   Jiangxi Ketai Advanced Material Co., Ltd.    CFSP    China

Tin

   Magnu’s Minerais Metais e Ligas Ltda.    CFSP    Brazil

Tin

   Malaysia Smelting Corporation (MSC)    CFSP    Malaysia


Metal

  

Official Smelter Name

   Conflict-Free
Certification Status
   Smelter or Refiner
Location

Tin

   Minsur    CFSP    Peru

Tin

   Operaciones Metalurgical S.A.    CFSP    Bolivia

Tin

   PT Bangka Tin Industry    CFSP    Indonesia

Tin

   PT Bukit Timah    CFSP    Indonesia

Tin

   PT Eunindo Usaha Mandiri    CFSP    Indonesia

Tin

   PT Justindo    CFSP    Indonesia

Tin

   PT Stanindo Inti Perkasa    CFSP    Indonesia

Tin

   PT Sumber Jaya Indah    CFSP    Indonesia

Tin

   PT Timah (Persero) Tbk Kundur    CFSP    Indonesia

Tin

   PT Timah (Persero) Tbk Mentok    CFSP    Indonesia

Tin

   PT Tinindo Inter Nusa    CFSP    Indonesia

Tin

   Thaisarco    CFSP    Thailand

Tin

   VQB Mineral and Trading Group JSC    CFSP    Viet Nam

Tungsten

   A.L.M.T. TUNGSTEN Corp.    CFSP    Japan

Tungsten

   Asia Tungsten Products Vietnam Ltd.    CFSP    Viet Nam

Tungsten

   Chongyi Zhangyuan Tungsten Co., Ltd.    CFSP    China

Tungsten

   Ganzhou Huaxing Tungsten Products Co., Ltd.    CFSP    China

Tungsten

   Ganzhou Jiangwu Ferrotungsten Co., Ltd.    CFSP    China

Tungsten

   H.C. Starck GmbH    CFSP    Germany

Tungsten

   Hydrometallurg, JSC    CFSP    Russian Federation

Tungsten

   Jiangxi Minmetals Gao’an Non-ferrous Metals Co., Ltd.       China

Tungsten

   Jiangxi Xinsheng Tungsten Industry Co., Ltd.    TICMC    China

Tungsten

   Vietnam Youngsun Tungsten Industry Co., Ltd.    CFSP    Viet Nam

Tungsten

   Xiamen Tungsten (H.C.) Co., Ltd.    CFSP    China

Tungsten

   Xiamen Tungsten Co., Ltd.    CFSP    China

Country of Origin

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:

Argentina; Armenia; Australia; Austria; Belgium; Bermuda; Bolivia; Brazil; Burundi; Cambodia; Canada; Chile; China; Colombia; Congo (Brazzaville); Czech Republic; Djibouti; DRC- Congo (Kinshasa); Ecuador; Egypt; Estonia; Ethiopia; Finland; France; Germany; Ghana; Guinea; Guyana; Hong Kong; Hungary; India; Indonesia; Ireland; Israel; Italy; Japan; Jersey; Kazakhstan; Korea, Republic of; Kyrgyzstan; Laos; Luxembourg; Madagascar; Malaysia; Mali; Mexico; Mongolia; Mozambique;


Myanmar; Namibia; Netherlands; New Zealand; Niger; Nigeria; Papua New Guinea; Peru; Philippines; Poland; Portugal; Russian Federation; Rwanda; Saudi Arabia; Sierra Leone; Singapore; Slovakia; South Africa; Spain; Suriname; Sweden; Switzerland; Taiwan; Tajikistan; Tanzania; Thailand; Turkey; United Arab Emirates; United Kingdom; United States; Uzbekistan; Viet Nam; Zambia; Zimbabwe.

Tantalum:

Angola; Argentina; Australia; Austria; Belarus; Belgium; Bolivia; Brazil; Burundi; Cambodia; Canada; Central African Republic; Chile; China; Colombia; Congo (Brazzaville); Czech Republic; Djibouti; DRC- Congo (Kinshasa); Ecuador; Egypt; Estonia; Ethiopia; France; Germany; Ghana; Guinea; Guyana; Hungary; India; Indonesia; Ireland; Israel; Italy; Japan; Jersey; Kazakhstan; Kenya; Korea, Republic of; Laos; Luxembourg; Madagascar; Malaysia; Mali; Mexico; Mongolia; Mozambique; Myanmar; Namibia; Netherlands; Niger; Nigeria; Peru; Philippines; Poland; Portugal; Russian Federation; Rwanda; Sierra Leone; Singapore; Slovakia; South Africa; South Sudan; Spain; Suriname; Switzerland; Taiwan; Tanzania; Thailand; Uganda; United Kingdom; United States; Viet Nam; Zambia; Zimbabwe.

Tin:

Angola; Argentina; Armenia; Australia; Austria; Belgium; Bolivia; Brazil; Burundi; Cambodia; Canada; Central African Republic; Chile; China; Colombia; Congo (Brazzaville); Czech Republic; Djibouti; DRC- Congo (Kinshasa); Ecuador; Egypt; Estonia; Ethiopia; France; Germany; Guyana; Hong Kong; Hungary; India; Indonesia; Ireland; Israel; Japan; Jersey; Kazakhstan; Kenya; Korea, Republic of; Kyrgyzstan; Laos; Luxembourg; Madagascar; Malaysia; Mexico; Mongolia; Morocco; Mozambique; Myanmar; Namibia; Netherlands; Niger; Nigeria; Papua New Guinea; Peru; Philippines; Poland; Portugal; Russian Federation; Rwanda; Sierra Leone; Singapore; Slovakia; South Africa; South Sudan; Spain; Suriname; Sweden; Switzerland; Taiwan; Tanzania; Thailand; Turkey; Uganda; United Kingdom; United States; Uzbekistan; Viet Nam; Zambia; Zimbabwe.

Tungsten:

Angola; Argentina; Australia; Austria; Belgium; Bolivia; Brazil; Burundi; Cambodia; Canada; Central African Republic; Chile; China; Colombia; Congo (Brazzaville); Czech Republic; Djibouti; DRC- Congo (Kinshasa); Ecuador; Egypt; Estonia; Ethiopia; France; Germany; Guinea; Guyana; Hungary; India; Indonesia; Ireland; Israel; Japan; Kazakhstan; Korea, Republic of; Laos; Luxembourg; Madagascar; Malaysia; Mexico; Mongolia; Mozambique; Myanmar; Namibia; Netherlands; Niger; Nigeria; Papua New Guinea; Peru; Philippines; Portugal; Russian Federation; Rwanda; Sierra Leone; Singapore; Slovakia; South Africa; South Sudan; Spain; Suriname; Switzerland; Taiwan; Tanzania; Thailand; Uganda; United Kingdom; United States; Viet Nam; Zambia; 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.