UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
SD
SPECIALIZED
DISCLOSURE REPORT
Stratasys
Ltd.
(Exact name of registrant as specified in its charter)
| Israel |
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001-35751 |
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Not Applicable |
| (State or other jurisdiction of |
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Commission file number |
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(IRS Employer |
| incorporation or organization) |
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Identification No.) |
| c/o Stratasys, Inc. |
|
1 Holtzman Street, Science Park |
| 7665 Commerce Way |
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P.O. Box 2496 |
| Eden Prairie, Minnesota 55344 |
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Rehovot, Israel 76124 |
| (952) 937-3000 |
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+972-74-745-4300 |
(Address of principal executive offices)
Vered Ben Jacob, Esq., Chief Legal Officer,
+972-74-745-4029
(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, 2023.
Section 1 — Conflict Minerals Disclosure
Item 1.01 Conflict Minerals Disclosure and Report
Conflict Minerals Disclosure
In accordance with the requirements of Item 1.01(c) of Form SD, Stratasys
Ltd. (“Stratasys”) has posted the Conflict Minerals Report filed as Exhibit 1.01 hereto to its publicly available Internet
website at http://www.stratasys.com/corporate/investor-relations/financial-information/sec-filings . The content of any website referred
to in this Form SD is included for general information only and is not incorporated by reference in this Form SD.
Item 1.02 Exhibit
Stratasys has filed its Conflict Minerals Report as Exhibit 1.01 hereto
as required by Item 1.01 of Form SD.
Section 2 –
Resource Extraction Issuer Disclosure
Item 2.01 Resource
Extraction Issuer Disclosure and Report
Not applicable.
Section 3 — Exhibits
Item 3.01 Exhibits
The following exhibit is filed as part of this report:
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.
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Stratasys Ltd. |
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| May 28, 2024 |
By: |
/s/ Eitan Zamir |
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Name: |
Eitan Zamir |
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Title: |
Chief Financial Officer |
2
Exhibit 1.01
Conflict Minerals Report of Stratasys Ltd.
This is the Conflict Minerals Report of Stratasys
Ltd. (“Stratasys” or “we” or “Company”) for calendar year 2023 in accordance with Rule 13p-1 of the
Securities Exchange Act of 1934 (“Rule 13p-1”) and Form SD. Rule 13p-1 was adopted by the Securities and Exchange Commission
(“SEC”) to implement reporting and disclosure requirements related to “Conflict Minerals” as directed by the Dodd-Frank
Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank Act”). Conflict minerals are defined by the SEC as columbite-tantalite
(coltan), cassiterite, gold, wolframite, or their derivatives, which are limited to tantalum, tin, and tungsten. Rule 13p-1 imposes certain
reporting obligations on SEC registrants whose products contain Conflict Minerals that are necessary for the functionality or production
of their products. If the SEC registrant has reason to believe that any of those Conflict Minerals may have originated in the Democratic
Republic of the Congo (the “DRC”) or a country that shares an internationally recognized border with the Democratic Republic
of the Congo (collectively, “Covered Countries”) or is unable to determine the country of origin of those Conflict Minerals,
the SEC registrant is required to submit a Conflict Minerals Report to the SEC that includes a description of the measures it took to
exercise due diligence on the Conflict Minerals’ source and chain of custody. As part of the Company’s desire to take responsibility
for and concern itself with human rights issues, it decided to review its supply chain according to the EU regulation’s guidance,
and within that has included conflict-affected or high-risk areas (“CAHRAs”) when approaching suppliers for information.
Company and Business Overview
We are a global leader in polymer-based 3D printing
solutions, which we provide at every stage of the product life cycle, with multiple technologies and complete solutions for superior application
fit, across industrial, healthcare and consumer fields. We focus, in particular, on polymer 3D printing solutions that address the fastest
growing manufacturing solutions, which we view as the biggest potential growth opportunity in the 3D printing industry. Leveraging distinct
competitive advantages that include a broad set of best-in-class 3D printing platforms, software, materials and technology partner ecosystems,
innovative leadership, and a global GTM infrastructure, we are positioned to further expand our leadership position in this significant
and growing global marketplace.
Our approximately 2,600 granted and pending additive
technology patents currently held (in addition to many others previously held) have been used to create models, prototypes, manufacturing
tools, and production parts for a multitude of industries including aerospace, automotive, transportation, healthcare, consumer products,
dental, medical, fashion and education. Our products and comprehensive solutions improve product quality, development time, cost, time-to-market
and patient care. Our additive manufacturing ecosystem of solutions and expertise includes materials, software, expert services, and on-demand
parts production.
Our acquisition, of Origin, a provider of photopolymer
solutions for production-oriented applications, expanded our leadership through innovation in the fast-growing mass production parts segment
by providing us with a next-generation photopolymer platform. Origin’s pioneering approach to additive manufacturing of end-use
parts enables us to serve a large market with manufacturing-grade 3D printers, utilizing P3™ Programmable PhotoPolymerization technology.
This technology precisely controls light, heat, and force, among other variables, to produce parts with exceptional accuracy and consistency
and enables a broad range of chemistry which turns into unique production grade properties.
Our acquisition of RPS, which closed in February
2021, has enabled us to leverage RPS’ industry-leading go-to-market infrastructure to offer their Neo® line of systems
to the global market with an expanded set of applications. Our Neo line of 3D printers feature dynamic laser beam technology that enables
build accuracy, feature detail, and low variability across the full extent of a large build platform. As an open resin system, the Neo
products provide customers materials with a wide range of properties such as chemical resistance, heat tolerance, flexibility, durability,
and optical clarity, and can produce large parts up to 800 x 800 x 600 mm, providing a significant build area in a small footprint.
Our acquisition, in November 2021, of the remaining
outstanding shares of Xaar that we had not already owned (we had held a 45% stake in Xaar) was aimed at accelerating our growth in production-scale
3D printing. In April 2021, we introduced the Stratasys H350™ 3D printer, the first system powered by Xaar’s powder-based
SAF™ technology. Representing the culmination of more than 10 years of research and development, SAF-based 3D printers are designed
to deliver cost-competitive parts at production-level throughput. H Series™ Production Platform printers such as the H350 are designed
to deliver part quality, consistency, and reliability that ensures customer satisfaction and high production yield. Using SAF technology,
the printers execute key 3D printing steps in the same direction across the print bed to provide a uniform thermal experience –
and therefore part consistency – for all printed parts regardless of their placement in the build, representing a significant improvement
over traditional powder-bed fusion process.
In April 2023 we purchased the assets of Covestro’s
AM materials business, including all of the SOMOS™ portfolio. The materials, IP portfolio, and talent we acquired from Covestro
will help us address new applications in key technology categories such as stereolithography, P3/DLP, and powder bed fusion, including
SAF™ technology.
We now offer a broader range of systems, consumables
and services for additive manufacturing. Our wide range of solutions, based on our proprietary 3D printing technologies and materials,
enhances the ability of designers, engineers and manufacturers to:
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visualize and communicate product ideas and designs; |
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verify the form, fit and function of prototypes; |
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manufacture tools, jigs, fixtures, casts and injection molds used in the process of manufacturing end-products; |
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manufacture customized and short-to-medium-run end-products more efficiently and with greater agility,
and more sustainably; and |
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produce objects that could not otherwise be manufactured through subtractive manufacturing methodologies. |
Range of solutions
We provide integrated solutions throughout the
production cycle for designers, engineers, manufacturers, and medical professionals, including compatible products and services designed
for our customers’ use to effectively solve their specific application needs.
Our solutions consist of 3D printing systems,
consumables, software, paid parts, and professional services and encompass everything from prototyping and design all the way through
mass production. Our solutions allow our end-users to print 3D models and parts that enhance their ability to visualize, verify and communicate
product designs, thereby improving the design, development and validation processes and reducing time-to-market. Our systems create visual
aids for concept modeling and functional prototyping to test fit, form and function, permitting rapid evaluation of product designs. Using
presentation models developed with our systems, designers and engineers can typically conduct design reviews and identify potential design
flaws earlier in the process and make improvements before incurring significant costs due to re-tooling and rework, allowing them to optimize
a design much more rapidly and cost-effectively.
Our systems aid in the communication of ideas
otherwise communicated in abstract or 2D media. For example, physicians use visually and/or biomechanically accurate 3D printed Stratasys
models to plan surgical procedures. A model produced with our systems may be used as a sales tool, as a model or part display, or simply
for use in conducting a focus group. It may also be used for accelerated collaboration in product design and manufacturing cycles at multiple
locations, enabling visualization and tactile response, which can be critical to product development or sales process.
Our solutions also empower end-users to quickly
and efficiently deploy parts to incorporate into their manufacturing process and improve its effectiveness while at the same time lowering
costs. For instance, our solutions enable the production of manufacturing aids and tools such as jigs, fixtures, casts and injection molds
aiding in the production and assembly process. These solutions are often faster to produce than through traditional methods, and frequently
cost less. Materials like nylon carbon fiber enable these printed products to be both exceptionally strong and lightweight.
Additive manufacturing of end-use-parts, using
our solutions, is a growing focus of our offerings to customers, and is attractive in applications requiring fast, short-run or low-mid-volume
parts where tooling would not be cost-efficient. Our solutions enable the production of objects that generally could not otherwise be
manufactured through subtractive manufacturing methodologies.
In addition, our solutions enable doctors to
train and plan medical procedures based on medical models, created by our printers, as well as create surgical guides to support complex
surgeries. In the dental space, our PolyJet solutions enable dental labs to create dental and orthodontic, patient specific models and
guides, including permanent dentures and temporary crowns and bridges, as well
as devices for various applications, based on digital dentistry workflow.
Our
solutions offerings are characterized by the following distinguishing qualities:
| ● | material
properties of printed objects, such as heat resistance, toughness, brittleness, elongation-to-break, color and flexibility; |
| ● | quality
of printed objects measured by, among other things, resolution, accuracy and surface quality; |
| ● | consistency
of produced parts in a run or batch; |
| ● | multiple
production-grade modeling materials; |
| ● | reliability
of printing systems; |
| ● | efficiency
of operations with software workflows; |
| ● | automatic,
hands-free support removal and minimal post processing. |
Range
of technologies and differentiating factors
Our
solutions are driven by our proprietary technologies, which we have both developed organically and acquired over time through targeted
acquisitions. We hold approximately 2,600 patents and pending patents internationally, and our 3D printing systems utilize our patented
extrusion-based FDM®, inkjet-based PolyJet™, powder-bed-based SAF®,
photopolymer-based P3™, and stereolithography technologies to enable the production of prototypes,
tools used for production, and manufactured goods directly from 3D CAD files or other 3D content. We believe that our broad range of
product and service offerings is a function of our 3D printing technology leadership.
FDM. A key attribute of our FDM®
3D printing technology is its ability to use a variety of production grade thermoplastic materials featuring surface resolution,
chemical and heat resistance, color, and mechanical properties necessary for production of functional prototypes and parts for a variety
of industries with specific demands and requirements. Use of these materials also enables the production of highly durable end parts
and objects with soluble cores for the manufacture of hollow parts, the manufacture of which were previously dependent on slower and
more expensive subtractive manufacturing technologies.
We
believe this technology is differentiated by factors making it appropriate for 3D printing and additive manufacturing, including:
| ● | ability
to use FDM® systems in an office environment due to the absence of hazardous
emissions; |
| ● | low
post-production processing requirements; |
| ● | ease
of use, with minimal system set-up requirements; |
| ● | absence
of costly replacement lasers and laser parts; and |
| ● | a
high degree of precision and reliability |
PolyJet. We believe that our inkjet-based
3D printing technology is differentiated from other competing technologies in its ability to scale and deliver highresolution and multi-material,
full-color 3D printing, down to the voxel level, in an office environment system. Our easy-to-use, PolyJet™ 3D printers create
high-resolution, smooth surface finish models with the look, feel and functionality of the final designed product. We offer a wide variety
of office-friendly resin consumables, including rigid and flexible (rubber-like) materials, materials for medical applications that simulate
the biomechanical properties of human tissue, and bio-compatible materials for dental applications. Using our PolyJet digital materials
technology, our solutions offer unique quality 3D printing systems depositing multiple materials simultaneously. This enables users,
in a single build process, to print parts, assemblies, and composite materials made of multiple materials-each retaining its distinct
mechanical and physical properties. For example, users can print objects with both rigid and flexible portions in a single build or mix
different base colors to achieve a desired color tone. The PolyJet technology enables on-demand mixing of a variety of resins to create
a broad range of pre-defined digital materials, which are composite materials with modified physical or mechanical and color properties.
This includes ‘Pantone® Validated’ colors, allowing us to support more than 600,000 color and texture combinations,
including the industry’s clearest material, nearly as clear as glass, with a wide range of color and texture combinations, which
is a key differentiating attribute of our 3D printers. In 2022, we began offering tailored Polyjet solutions with 3DFashion™ technology
designed specifically for end-use apparel applications. In 2023, we began offering FDA-cleared Polyjet-based dental parts such as dentures,
crowns and bridges parts through our TrueDent resin.
Stereolithography. Our stereolithography
technology enables the production of high-quality, durable parts that meet the requirements of a wide range of applications, as well
as additive manufacturing prototypes and tools. Industrial stereolithography systems are well-established in the 3D printing industry
for applications such as large prototypes, tooling, investment casting patterns, and orthodontic clear aligner molds. They provide quality
surface finish, large build sizes, a fast time to print, and an affordable cost per part. We believe that the Neo line of systems (acquired
via RPS in February 2021) is superior relative to other solutions currently available due to an open choice of resins, system reliability,
low service requirements, simple day-to-day operation, and accurate builds. With access to our strong global channels, we believe we
can bring these benefits to many more manufacturing organizations. Our latest acquisition of the Covestro Additive Manufacturing business
unit in April 2023 completed our stereolithography offering with the strong Somos® materials portfolio for stereolithography
printers. Somos materials are widely known and appreciated for their mechanical properties, printing performance, high quality, and repeatable
builds. These materials with our Neo systems offering will provide an attractive and differentiated offering over the current stereolithography
solutions in the market.
P3. Our P3 resin-based 3D printing technology,
which we added to our solutions portfolio through our acquisition of Origin, provides a best-in-class combination of detail, mechanical
properties and throughput for mass production parts. We believe we have the strongest materials portfolio in the category - including
everything from aerospacegrade flame-resistant materials to biocompatible materials from leading companies like BASF, Henkel and Covestro.
The P3 platform is software-based and cloud-connected so we can easily optimize our platform for our customers, including cloud-based
upgrades. In October, we announced that the P3 printers can now use our GrabCAD Print software, which simplifies 3D printing workflows
and brings a more consistent user experience across our technologies. Recently, we have also demonstrated automated large-scale production
using our P3 technology together with post-processing units. We believe that such differentiated solutions, with the unique P3 platform
and strong materials portfolio, will support wide adoption of the technology in the market by industrial production customers.
SAF. SAF Selective Absorption Fusion technology
was developed via our joint venture with Xaar plc, Xaar 3D Ltd., which we acquired in 2021. SAF is an industrial-grade additive manufacturing
technology designed to deliver production-level throughput for end-use parts. Representing the culmination of more than 10 years of research
and development, SAF-based 3D printers can deliver a competitive cost per part with the part quality, consistency, and reliability that
ensures satisfaction and high production yield. The SAF technology uses a counter-rotating roller to coat powder bed layers onto a print
bed and prints absorber fluid to image the part layers. The imaged layers are fused by passing an infrared lamp over the entire span of
the print bed. SAF technology executes these key process steps in the same direction across the print bed to provide a uniform thermal
experience - and therefore part consistency - for all printed parts regardless of their placement in the build. H Series™ 3D printers
use SAF materials developed by leading third party materials providers, including PA11, which is derived from sustainable castor oil,
and PA12, which is stiffer than PA11 and is ideal for applications where rigidity is important. We also plan to develop SAF materials
internally as a result of our acquisition of Covestro Additive Manufacturing.
We believe that the range of 3D printing consumable
materials, together with the broad set of materials in our materials ecosystem, that we offer, is the widest in the industry. Our consumable
materials consist of over 61 FDM spool-based filament materials, 49 PolyJet cartridge-based resin materials, and 158 functional materials.
These materials yield a large variety of digital materials that reflect over 600,000 color variations, transparency, opacity and flexibility
levels.
Consumable materials
We sell a broad range of Stratasys Proprietary
3D printing materials, consisting of over 61 FDM spool-based filament materials, 49 PolyJet cartridge-based resin materials, 41 hybrid
photopolymer resins for SL and DLP and 4 powder materials for PBR. These materials yield a large variety of digital materials that reflect
over 600,000 color variations, transparency, opacity and flexibility levels, for use in our 3D printers and production systems and provide
our customers with all the tools needed to meet their broad application needs. Various of our printing materials are validated or certified
in accordance with internationally recognized standards. The sale of these materials provides us with a recurring revenue stream from
users of our 3D printers and production systems. In addition, in 2021, we announced a new hybrid ecosystem model for materials which also
enables sales of differentiated 3rd party materials for use in Stratasys systems as well. This Stratasys Material Ecosystem
is designed to enable manufacturing customers to address new applications with demanding requirements through accelerated access to leading
industry materials. The ecosystem includes the following categories:
FDM materials. The modeling and support filament used in our
FDM 3D printers and production systems features a wide variety of production grade thermoplastic materials. We continue to develop filament
modeling materials that meet our customers’ needs for increased speed, strength, accuracy, surface resolution, chemical and heat
resistance, color, and mechanical properties. These materials are processed into our proprietary filament form, which is then utilized
by our FDM systems. Our canister-based system has proven to be a significant advantage for our products because it allows the user to
quickly change material by simply mounting the lightweight spool and feeding the desired filament into the FDM print and production devices.
Currently, we have a variety of build materials in multiple colors commercially available for use with our FDM technology. Each material
has specific characteristics that make it appropriate for various applications. The ability to use different materials allows the user
to match the material to the end use application, whether it is a pattern for tooling, a concept model, a functional prototype, a manufacturing
tool, or an end use part.
PolyJet materials
Our resin consumables, which consist of our PolyJet
family of proprietary acrylic-based photopolymer materials, enable users to create highly accurate, finely detailed 3D models and parts
for a wide range of prototype development and customized manufacturing applications. The wide variety of resins within the PolyJet family
is characterized by transparent, colored, or opaque visual properties and flexible, rigid, or other physical properties. Support materials
that are used together with the model materials enable the 3D printing of models with a wide array of complex geometries. Our resin-based
materials are produced in-house and are specially designed for our printing systems.
We have invested significant research and development
efforts in optimizing our PolyJet materials for use with inkjet technology. These efforts are reflected in the properties of these materials,
which enable them to be packaged, stored, combined, and readily cured upon printing. Our PolyJet materials are packaged in cartridges
for safe handling and are suitable for use in office environments. The polymerized materials can also be machined, drilled, chrome-plated
or painted in most cases.
Stereolithography materials
Our stereolithography materials came to Stratasys
from the acquisition of the Covestro Additive Manufacturing SOMOS™ portfolio, which closed early April 2023. These hybrid epoxy-acrylate
materials offer a variety of functional prototyping solutions, by delivering flexible, durable, rigid, high temperature or clear properties,
to simulate production-targeted polymers. Additionally, several materials can be utilized for manufacturing applications, such as jigs
and fixtures, investment casting, injection mold or composite tooling applications. This range of materials enables us to offer a range
of solutions from concept modeling and prototyping to manufacturing. In addition, Stratasys holds a leading patent position in the industry
as a result of this portfolio. Detailed information on the Covestro materials will be covered in the next report.
Other Stratasys materials
Beyond this extensive breadth of materials for
Stratasys technology platforms, Stratasys also has the capability to supply materials for non-Stratasys platforms in powder bed fusion.
Stratasys acquired the Addigy® material brand from Covestro. Addigy® powder materials are validated on
Powder bed fusion open system printers (PBF). These PBF technology powder materials are sold by Stratasys to customers who operate selective
laser sintering printers. This powder materials portfolio includes three elastomeric materials (2 TPU and 1 TPE) for various flexible
application needs and the first-ever PBT powder for small series production. (These powders are not yet validated on Stratasys’
own powder-based SAF technology).
Stratasys Direct Manufacturing paid-parts service
Stratasys Direct Manufacturing is a contract
manufacturing service provider of parts on-demand via polymer 3D printing. With over 30 years of experience, Stratasys Direct provides
rapid prototyping and production parts using the broadest set of polymer additive technologies of any service bureau in North America
and backed by experts ready for the most complex projects. With Stratasys Direct, customers can quickly design, innovate, and meet
demands of any complexity or scale by accessing the right expertise, industrial-grade 3D printing technologies, and materials without
the capital expense. Stratasys Direct pioneered additive manufacturing production applications and specializes in guiding
customers from concept development and prototyping through short run production and long-term manufacturing. Stratasys and Stratasys Direct
work together to help Stratasys customers meet their needs with infinite manufacturing capacity or access to technologies they do not
have in-house. Stratasys Direct Manufacturing also operates an ecommerce service for quick-turn parts, www.stratasysdirect.com, which
enables its customers to obtain quotes and order parts around the clock, seven days a week.
Conflict Minerals
As we offer our clients products that might include
Conflict Minerals that are necessary to the production or functionality of our manufactured products, we are subject to Section 1502 of
the Dodd-Frank Act -reporting requirements associated with Conflict Minerals and Rule 13p-1. We are committed to responsible sourcing,
as outlined in the Company’s Conflict Minerals Policy. Further we are committed to conducting supply chain due diligence practices
in alignment with the smelter or refiner verification program set up by third party audit bodies, such as the Responsible Minerals Initiative
(“RMI”), and the London Bullion Market Association (“LBMA”). We are also committed to ensuring human rights are
upheld in all respects, including the elimination of child or forced labor conditions in our supply chain, generally, and more specifically
in the CAHRAs. However, as the Company is “downstream”, in that the Company or its suppliers purchase cassiterite, columbite-tantalite
(coltan), wolframite, gold, or their derivatives, which presently are limited to tin, tantalum, tungsten, and gold (collectively “3TG”)
-related materials after processing by smelters or refiners, we can only report with reasonable certainty the origins or likely origins
of the necessary 3TG in our minerals supply chain.
It should also be indicated that we do not
directly purchase or procure raw materials from the mineral sites.
The Stratasys commitment to proper Conflict Mineral
conduct, is an element of our overall corporate responsibility. It relates, in part, to fair wages and working conditions (social and
human capital care), and environmental stewardship (protection of our people and planet).
Environmental, Social and Governance Matters
Stratasys is Championing Mindful Manufacturing™, with a commitment
to 3D Printing a Better Tomorrow™ for people and the planet.
Stratasys is committed to ESG & Sustainability best practices,
with a strategy in place to advance the Company by addressing the need for ongoing Environmental, Social and Governance stewardship.
Today, the challenges posed by geo-political and
economic shifts put pressure on businesses. Stratasys, and its Board of Directors, are committed to achieving our success metrics in this
complex environment, with the understanding that the definition of a strong sustainable business is broadening.
With this understanding, we clearly outlined our
mission to improve how parts are made, processes are optimized, and products are delivered so that manufacturing impacts people and our
planet in a positive way. Our approach is data-driven and evidence-based, knowing that “what you can’t measure, you can’t
improve”.
In 2021 Stratasys was a first in its industry to
publish a comprehensive ESG & Sustainability report, declaring its environmental, social and governance (ESG) strategy, commitment
and activities, based on the Global Reporting Initiative (GRI) Standards for sustainability reporting.
Our commitment to strategic Environmental, Social
and Governance (ESG) activity is a cornerstone of our purpose: to empower people to create without limits for an economic, personalized
and sustainable world.
Stratasys, with broad input from both employees
and customers and the support of our board of directors, prioritized four UN Sustainable Development Goals (SDGs) for our company:
| 1- | Responsible consumption and production |
| 2- | Industry infrastructure and innovation |
Today, we continue to advance our efforts to promote
“Mindful Manufacturing™.” This means driving global growth in additive manufacturing by 3D printing in ways that promote
a positive social and environmental impact. In particular, 3D printing is uniquely positioned to address pressing climate issues—
localizing supply chains to reduce the carbon footprint incurred by air and sea freight, enabling the production of strong but lighter
weight parts, and reducing the energy requirements of the production process itself. We are at work with improvement efforts, externally
and internally, that bring value around our four UN SDGs and our Mindful Manufacturing™ mission.
Environmental. As a global leader in polymer
additive manufacturing solutions, with the broadest portfolio in the industry, Stratasys is focused on making an impact, across industries.
Our efforts in this arena are three-fold:
| (i) | We push the industry towards greater sustainability, through
awareness, standardization, and shared best practices performing research and setting improvement targets with our peers and customers.
As part of this mission, Stratasys become a Founding Member of the Additive Manufacturer Green Trade Association (AMGTA) in 2021, spearheading
the shift to a better understanding and execution of sustainability across the entire Additive Manufacturing ecosystem, and value chain. |
| (ii) | We target an improved circular economy. This entails advancing the digital processes that support our additive technologies, for manufacturing.
We focus on improved reliability, for less physical iterations; we support digital inventories that can be printed on-demand; we offer
naturally sourced printing material. we look to improve the way in which finite natural resources are employed in our printing processes–energy
and water; and we offer recycling options as well. |
| (iii) | We aim to harness our expertise to drive innovation. This means expanding our roadmap to include products that enable the production
of parts that have a reduced carbon footprint. Imagine cars running with durable 3D printed parts that weigh 30% less than before and
provide the same reliability at the same level of quality, which enables production that reduces fuel consumption and emissions of parts,
when implemented in machines. |
Manufacturing is resource-intensive by nature.
It is important to note, however, that 3D printing works in a manner that can be far more environmentally friendly than alternative,
traditional production methods. Working with industry leaders in aerospace, automotive, healthcare, fashion and consumer production companies,
Stratasys has the ability to enable our customers to reduce their carbon footprints in a meaningful way. We will base our work on data
and research and plan on publishing ‘Life Cycle Inventory’ reports to make the scientific case for greener manufacturing.
To this end, we have become a founding member of the Additive Manufacturer Green Trade Association (AMGTA), which promotes the environmental
case for the entire 3D printing industry.
Right now, Stratasys offers Scope 1 & 2 data
on its activities – having collected data on our operations and internal consumption with the goal of improvement across our global
sites, year-over-year. This includes installing solar panels and beginning to generate renewable energy for our manufacturing sites, for
example. We have set our initial baseline (i.e., our initially measured emissions levels from which we seek to only improve), not because
regulation and compliance require this, but rather, because we believe this is a more meaningful way for our business to make an impact;
it is our corporate responsibility to create a world where future generations can thrive. We seek to continuously expand our monitoring
capabilities for environmental, social and governance metrics.
We have begun our Scope 3 data collection, and reporting,
too. In September 2023, the first Stratasys Lifecyle Analysis report was published, based on a customer use case and collaboration with
Dyloan (D-Bond), of the Pattern Group. The Additive Manufacturing Green Trade Association (AMGTA) commissioned this report prepared by
Reeves Insight, entitled “Comparative Analysis: Material Jetting vs. Traditional Methods for Designer Luxury Goods”. It details
results following a year-long study of the transition to industrial AM from traditional methods of manufacture for a specific application.
Key takeaways from the study include a 24.8% reduction in CO2e emissions, when compared with traditional processes; a 49.9% reduction
of stock material across the supply chain, also reducing and streamlining related transportation needs; and 50.0% less material in the
resulting 3D printed logo component. The study also revealed the savings of more than 300,000 liters of water across the 16,000 components,
and a 64.3% reduction in electrical energy consumption.
Environmental Compliance. As of 2023, our
Israel headquarters and Israel manufacturing locations are certified as ISO 14001 environmental management systems (EMS) compliant. We
hope to leverage that existing EMS compliance to support the EMS accreditation of our facilities in Rheinmunster, Germany and in Eden
Prairie, Minnesota during the first half of 2024, as part of our plans to obtain global ISO certification.
ISO certification demonstrates our commitment to reduce environmental
impact, measured by international standards that set out the requirements for more effective EMS. Our desire for meaningful impact, yet
reduced footprint, is achieved through more efficient use of resources and reduction of waste by implementing renewable energy solutions,
water management systems, waste recycling that uses composter, and many other initiatives.
We are subject to various environmental, health
and safety laws, regulations and compliance requirements, including (but not limited to) those governing the emission and discharge of
hazardous materials into ground, air or water; noise emissions; the generation, storage, use, management and disposal of hazardous and
other waste; the import, export and registration of chemicals; the cleanup of contaminated sites; and the health and safety of our employees.
Based on information available to us, we do not expect environmental costs and contingencies to have a material adverse effect on our
operations. The operation of our facilities, does, however, entail certain potential risks in these areas. Significant expenditures could
be required in the future to comply with environmental or health and safety laws, regulations or requirements as ESG practices and controls
become more prominent. Certain of these compliance requirements are imposed by our customers, who at times require us to be registered
with U.S. health or safety regulatory agencies, whether on the federal or state level. Others may be related to ESG reporting and rising
environmental compliance trends in Europe.
Under environmental laws and regulations, we
are required to obtain environmental permits from governmental authorities for certain operations. In particular, in Israel, where we
assemble our inkjet-based PolyJet 3D printing systems and manufacture our resin consumables, businesses storing or using certain hazardous
materials, including materials necessary for our Israeli manufacturing process, are required, pursuant to the Israeli Dangerous Substances
Law 5753-1993, to obtain a toxin permit from the Ministry of Environmental Protection. We maintain the effectiveness of two Israeli toxin
permits for our respective Israeli sites. Our United States-based facilities, as well, are required to maintain various site permits in
compliance with state and local laws and regulations.
In the European marketplace, amongst others,
electrical and electronic equipment is required to comply with the Directive on Waste Electrical and Electronic Equipment of the European
Union (EU), which aims to prevent waste by encouraging reuse and recycling, and the EU Directive on Restriction of Use of Certain Hazardous
Substances, which restricts the use of various hazardous substances in electrical and electronic products. Our products and certain components
of such products “put on the market” in the EU (whether or not manufactured in the EU) are subject to these directives. Additionally,
we are required to comply with certain laws, regulations and directives, including TSCA in the United States, as well as REACH, RoHS and
CLP in the EU, governing chemicals. These and similar laws and regulations require, amongst others, the registration, evaluation, authorization
and labeling of certain chemicals that we use and ship.
Social. Per our defined SDG’s, the
Stratasys Sustainability commitment extends beyond environmental sustainability. For example, we are proud of our “People First”
approach to business. We put environmental health and safety (EHS) as a top priority, securing the health and safety of our employees,
through clear policies and annual training, backed by our EHS data management platform. We also continue to be active members in our local
communities, with meaningful Corporate Social Responsibility (CSR) activity around the world. Specifically, we are committed to leveraging
the value of 3D printing to benefit our local communities through meaningful partnerships and personal employee contributions via our
global volunteer network. Our main areas of focus are in leveraging Stratasys technologies in pursuing quality education (according to
our commitment to SDG #4) and to advancement in patient care for medical cases. For example, in the US we leverage our technologies to
advance next generation STEM learning initiatives, with tech and robotics enthusiasts via our long-term partnership with FIRST aRobotics.
We have a robust Diversity Equity and Inclusion (DE&I) program launched in 2021 and are a proud platinum sponsor of Technology, Industry,
People, Economics (TIPE) Women in 3D Printing. We continue to advance an inclusion program to address internal opportunities across all
human resource touch points (hiring, learning and development) with a key performance indicator (KPI) that calls for 100% candidate slates
that include at least one female and one male, for director and more senior positions.
With a global presence, Stratasys is attuned
to and supportive of the needs of all citizens of this world. That’s why we initiate our “Stratasys Cares” disaster
relief programs to support communities impacted by natural disasters, pandemics and war. We actively supported the Turkish people and
our Turkish employees and partner network during the devastation that ensued following the 2023 earthquake. We support our people during
the Iron Swords War in Israel, as well.
Governance. ESG, is strongly rooted in
the structure of corporate management practices and the disclosure that creates transparency around them. We also publish a standardized
ESG & Sustainability report, available to the public, around all ESG topics defined by the GRI standard and addressed in alignment
with a periodic materiality assessment. This is a foundation for our ethical global operations, as the 3D printing company with the largest
install base among industry-leading companies. We have a long-standing Code of Ethics and have also extended our culture and values to
our suppliers via a suppliers’ code of conduct. We are required to report financial data as a public company, yet we extend beyond
the minimum obligation and provide more comprehensive quarterly analysis of our results for the market, allowing us to better engage with
the broader investment community. We conduct quarterly internal updates for employees and team leaders at our company, to share business
updates openly and share ongoing developments with our global teams. We also publish a standardized ESG & Sustainability report, available
to the public, around ESG topics defined by the GRI standard and addressed in alignment with a periodic materiality assessment. We strive
for clarity, engagement and care. It is our goal to deliver on our purpose, in everything we do: We live as a corporate body by our values:
Innovate; Be Customer First; Aim Higher; Own It; and Make it Together.
1. Reasonable Country of Origin Inquiry
In accordance with our Conflict Minerals Policy,
Stratasys has concluded in good faith that during calendar year 2023, we have manufactured and contracted to manufacture products containing
3TG and have determined that the use of these minerals is necessary to the functionality or production of these products.
We performed a reasonable country of origin inquiry
(“RCOI”) simultaneously with the due diligence phase in which we engaged to determine whether the Conflict Minerals necessary
to the functionality or production of our products did or did not originate from the CAHRAs, as defined per Rule 13p-1. We integrated
aspects of the reasonable country of origin inquiry (“RCOI”) into the design of our policies and management systems on Conflict
Minerals and carry out the RCOI in the due diligence phase in which we engaged our relevant upstream suppliers to determine whether the
Conflict Minerals necessary to the functionality or production of our products originated from the CAHRAs, as defined per Rule 13p-1.
The RCOI and the due diligence process were done simultaneously due to the large number of applicable suppliers from which we source materials.
We operate significantly downstream from the sources of the minerals necessary to the production and/or functionality of our products’
components. As such, we rely upon the due diligence conducted by our own applicable suppliers. The RCOI that we conducted therefore has
certain limitations that limit the total degree of certainty, and we cannot determine with absolute certainty the exact source location
of all of the necessary Conflict Minerals used in our products in 2023. However, the RCOI we conducted employed several methods to assess
whether the necessary Conflict Minerals in our products may have originated from the CAHRAs. These measures consisted primarily of the
following actions:
| a) | We performed internal assessments
of our products and components to determine which of them contain, or for which the necessary Conflict Minerals were employed, in the
production and manufacturing phases. |
| b) | We identified a list of suppliers
we purchased from directly during calendar year 2023 (“in-scope suppliers”) and segmented the list according to the type of
material the supplier provides. Some of the suppliers’ categories were excluded for the following reasons: they were not necessary
to the functionality or production of the products, they did not contain the necessary Conflict Minerals, or the supplier provided a
commercial off the shelf product. This left 194 relevant suppliers. Using a risk-based approach, the company then identified the 84 most
significant suppliers, representing 95% of the company’s spend on conflict minerals-containing components. The final list of suppliers
we approached consists of 84 suppliers |
| c) | We solicited survey responses
using the standardized template designed by the Responsible Minerals Initiative (“RMI”), (the “Conflict Minerals Reporting
Template version 6.31 and above” (“CMRT”)). We engaged our supply chain to respond to the CMRT by referring suppliers
to training materials that included an overview of the law and instructions on how to complete the CMRT. These are part of our on-going
efforts to ensure compliance with our responsible sourcing program among our suppliers, as well as contributing to our goal of increasing
the number of relevant smelters or refiners that cooperate with Third Party Audit bodies, such as the RMI. |
| d) | We assessed the responses received
from our relevant suppliers of the necessary 3TG for information that would be identified as inconsistent, incomplete, or inaccurate.
In addition, we validate CMRTs received from suppliers to identify deviation from the RMI’s requirements as per its RMAP audit
program. Responses that failed any of the “red flag” review tests were identified for additional follow up. |
| e) | To non-responsive in-scope
suppliers, we sent periodic reminders to provide surveys or updated responses according to our expectations regarding the CMRT, such
as provision of a current version (i.e.,6.31 or above). |
Based on the RCOI conducted, Stratasys has reason
to believe that a portion of the Conflict Minerals necessary to the functionality of its products or its components is likely to have
originated in the CAHRAs and has reason to believe, that those necessary Conflict Minerals may not be entirely from recycled or scrap
sources. Based on this result, Stratasys conducted due diligence activities and details these efforts in the forthcoming Conflict Minerals
Report and in accordance with the company’s Conflict Minerals Policy and general sourcing expectations from its suppliers.
2. Due Diligence
Due diligence design
In accordance with Rule 13p-1 and Form SD, we
undertook to perform a robust due diligence on the source and chain of custody of the 3TG to determine whether the Conflict Minerals necessary
to the functionality or production of our products or products’ components originated from the DRC or the Covered Countries, or
financially benefitted the armed groups in those countries in any way, as defined per Rule 13p-1. We designed our due diligence measures
according to the recommendations of the Organization for Economic Cooperation and Development (“OECD”) Due Diligence Guidance
for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (2016) and related supplements for (the “OECD
Due Diligence Guidance”) for downstream companies that have no direct relationships to smelters or refiners as we believe that we
are a “downstream company”.
The five steps defined in the OECD Due Diligence
Guidance are: (1) establishment of strong internal company management systems; (2) identification and assessment of risks in the supply
chain; (3) design and implementation of a strategy to respond to risks as they are identified; (4) carry out independent third-party audits
of smelters’ and refiners’ due diligence practices; and (5) report annually on supply chain due diligence.
The due diligence measures we undertook consisted
primarily of:
a. OECD Step 1: Establishment of strong company management systems
We review and maintain our management system to
support supply chain due diligence related to the 3TG. The Company’s management system includes a steering committee sponsored by
the senior responsible executive and a team of subject matter experts from various functions such as supplier management, engineering,
and legal. The team subject matter experts are responsible for implementing the Company’s Conflict Minerals compliance strategy.
As part of responsible sourcing and supply chain due diligence, the Company has established the following actions:
| ● | Renewed our commitment to ethical
business practices through the annual global training on our Code of Business Conduct and Ethics (“Code”) to all employees,
which also includes a specific reference to Stratasys’ efforts as it relates to conflict minerals. Our Code is available at https://investors.stratasys.com/corporate-governance/governance-documents. |
| ● | Continued focus on integrating
social impact programs and practices as part of our business model and culture through the Stratasys Corporate Social Responsibility
(CSR) Program, under our ESG & Sustainability umbrella. We are advancing Additive Manufacturing by securing access to our unique
capabilities, making our technology more widely available to support quality education, healthcare and medical needs for those in need,
and all-in-all putting into practice our 4 Stratasys defined UN Sustainable Development Goals with a global network of volunteers and
NGO partners, we are proud to 3D Print a Better Tomorrow – together with our local communities. |
| ● | We strive to ensure that purchased
metals originate, to the greatest degree possible, only from smelters or refiners have been validated as conformant or active according
to the RMI’s RMAP audit program or other Third-Party Audit programs, such as the LBMA. |
| ● | In addition, we expect our
suppliers to comply with the terms of our Conflict Minerals Policy and any other applicable policy and encourage them to define, implement
and communicate to their sub-suppliers their own policy, outlining their commitment to responsible sourcing of 3TG and other minerals
from conflict-afflicted areas, legal compliance and measures for implementation of the supply chain due diligence. Our Conflict Minerals
Policy is available at https://investors.stratasys.com/corporate-governance/governance-documents. |
| ● | Maintained the Company’s
Conflict Minerals Governance Charter that sets out the Conflict Minerals annual due diligence plan including establishing steps for compliance,
objectives, timelines, internal management and the cross functional team with identified roles and responsibilities to support supply
chain due diligence. |
| ● | Conducted ongoing communication
of the cross functional Conflict Minerals team, for the purpose of sharing best practices and monitoring our progress regarding the various
steps required for achieving compliance among our suppliers. |
| ● | Engaged with in-scope suppliers
of the necessary 3TG and referred them to training materials online, including an overview of relevant Conflict Minerals regulations
and compliance measures, and instructions on how to respond to the due diligence survey (based on receiving at a minimum version 6.31
of the CMRT or higher). |
| ● | Continued to include a Conflict
Minerals provision in our standard Purchasing Terms and Conditions for Goods and Services to require suppliers to comply with our Conflict
Minerals Policy and requirements. |
| ● | Communicated the due diligence
efforts both internally and externally to relevant direct suppliers, surveyed suppliers, customers, employees, senior management, and
all Company stakeholders, as requested and applicable. |
| ● | Maintained a grievance mechanism
whereby concerns and violations of the Conflict Minerals Policy should be reported to Stratasys’ Compliance Officer / Chief Legal
Officer. |
b. OECD Step 2: Identify and assess risk in the supply chain
As part of our risk-based approach for the management
of a responsible supply chain, Stratasys identified the suppliers from which it made purchases over a specified amount during 2023. We
assessed two primary risks in our supply chain while trying to move towards the goal of sourcing the necessary Conflict Minerals from
smelters or refiners that have received a conformant or active designation from the RMI or other Third Party Audit bodies, such as the
LBMA: (1) the risk of not receiving timely and accurate information from the supplier; and (2) the risk of not being able to replace a
supplier due to reasons such as volume, ease of replacement, complexity of relationship and criticality to business operations.
In order to segment our suppliers into three
risk levels (high, medium and low) we have identified and assessed Conflict Minerals-related risks based on suppliers’ and manufacturers’
characteristics, such as our spend with a supplier during calendar year 2023 and the extent to which we are dependent upon any particular
manufacturer or supplier as well as the availability of alternative suppliers. This segmentation allowed us to invest our risk mitigation
efforts according to the level of supplier risk.
We have identified, to the best of our efforts,
the smelters or refiners in our minerals supply chain by conducting a supply chain inquiry using, at a minimum, version 6.31 or higher
of the CMRT, requesting suppliers and manufactures to identify smelters or refiners and the likely country of origin of the Conflict Minerals
in products or product components that they supply to Stratasys. In addition, Stratasys compared smelters or refiners identified by the
supply chain survey against the list of facilities that have received a conformant or active designation the RMAP (the RMI’s “Responsible
Minerals Assurance Process”) and other independent Third-Party Audit programs.
As part of the risk assessment phase, we identified
that 63.46% of our in-scope suppliers have policy in place that addresses the Conflict Minerals sourcing and 57.14% do not provide us
with products containing Conflict Minerals.
c. OECD Step 3: Design and implement a strategy to respond to identified
risks
The findings of the supply chain risk assessment
were and continue to be reported to designated members of our senior management. As part of our risk management strategy, we continue
to work with the in-scope suppliers while we advance our efforts to investigate our supply chain as follows:
| ● | Continued periodic reporting
to the Conflict Minerals team sponsor to track progress, assess risks and provide management support as needed. |
| ● | Contacted in-scope suppliers
whose responses were identified as incomplete, inconsistent or inaccurate. |
| ● | Reviewed in-scope suppliers’
responses to track smelters or refiners in our supply chain that supply us with Conflict Minerals and have not received a conformant
or active designation from the RMI’s RMAP program or other independent Third-Party Audit programs. |
| ● | Referred in-scope suppliers
to online training materials that included an overview of Rule 13p-1 and instructions on how to complete the CMRT. |
| |
● |
As part of our continued risk management efforts, we send follow-up
letters to high-risk, non-responsive in-scope suppliers, as well as to in-scope suppliers who have declared the existence of conflict
minerals in their supply chain from smelters or refiners in the Conflict-Affected and High-Risk Areas (CAHRAs) that do not participate
in the Responsible Minerals Assurance Program (RMAP). Additionally, we have sent risk management letters to suppliers providing an outdated
version of the Conflict Minerals Reporting Template (CMRT), and to those declaring the presence of conflict minerals from uncertified
smelters not located in the covered countries. We are also requiring verification from suppliers who have declared their products as “conflict-free.”
While the Company remains committed to the responsible sourcing of
conflict minerals, we do not seek to eliminate sourcing from the CAHRAs. Instead, we continue to engage with our suppliers to address
the identified risks and ensure compliance with the Conflict Minerals Rule. |
Supply chain due diligence is a dynamic process
that requires on-going risk monitoring. In order to ensure effective management of risks, we review the risk identification process occasionally
and update the risk mitigation strategy accordingly while consulting and communicating with relevant stakeholders.
d. OECD Step 4: Review independent third-party audits of smelter
or refiner due diligence practices
Stratasys is a downstream consumer of necessary
Conflict Minerals and is many steps removed from the smelters or refiners who process, provide and mine the minerals and ores. Therefore,
Stratasys does not perform direct audits of smelters or refiners within its supply chain - the due diligence efforts relying instead on
reviewing cross-industry initiatives, such as those led by the RMI i.e. the RMAP smelter or refiner validation program, to conduct smelter
or refiner due diligence to verify and audit the status of the smelters or refiners.
e. OECD Step 5: Prepare this annual report on supply chain
due diligence
Stratasys’ Conflict Mineral Policy states
that we will comply with Section 1502 of the Dodd Frank Act which includes filing a Form SD and this Conflict Minerals report with the
SEC and posting publicly on the Internet (https://investors.stratasys.com/corporate-governance/governance-documents).
3. Results of the Assessment
We conducted a supply chain survey of the 84
in-scope suppliers that we identified may contribute necessary Conflict Minerals to our products. In calendar year 2023 we included metal,
electronics and plastic suppliers and manufacturers and took a risk-based approach which focused on the majority of our manufacturing
spend.
We received responses from in-scope suppliers
representing approximately an 84.34% response rate, containing the names and locations of reported smelters or refiners (see Annex 1)
and the potential countries of origin (see Annex 2) of the mines or facilities that process Conflict Minerals, compared to approximately
an 80.7% response rate attained for reporting year 2022.
Of the 84.34% (70 from 84) of suppliers and manufacturers
that responded:
| |
● |
0% of in-scope suppliers were classified as “DRC conflict free”
|
| |
● |
7.14% of in-scope suppliers were classified as “Not from DRC”
|
| |
● |
57.14% of in-scope suppliers were classified as “Free no 3TG”
|
| |
● |
7.14% of in-scope suppliers were classified as “Undetermined not from DRC”
|
| |
● |
12.86% of in-scope suppliers were classified as “Undetermined from DRC”
|
| |
● |
15.71% of in-scope suppliers were classified as “Undefined from DRC” |
The terms above have the following meaning as part of our
due diligence efforts:
| |
● |
“DRC conflict free” indicates the in-scope suppliers that reported that Conflict Minerals used in the products provided to Stratasys originate from the DRC or one of the Covered Countries, but that the smelters are approved by the RMAP, the RMI’s Responsible Minerals Assurance Process. |
| |
● |
“Not from DRC” indicates the in-scope suppliers reported that they source Conflict Minerals, but from countries other than the DRC or Covered Countries. |
| |
● |
“Free no 3TG” indicates the in-scope suppliers reported that Conflict Minerals are not contained in the product, or which are not necessary for the functionality or are not included in the production of the products, provided to Stratasys. |
| |
● |
“Undetermined not from DRC” indicates the in-scope suppliers that reported that Conflict Minerals being used in the products do not originate from the DRC or one of the Covered Countries, but they have not yet concluded their due diligence process so this determination could potentially change. Due diligence for these in-scope suppliers will continue until their status is confirmed. |
| |
● |
“Undetermined from DRC” indicates the in-scope suppliers that reported that Conflict Minerals used originate from the DRC or one of the Covered Countries and that the smelters or refiners are approved by the RMAP program, but they have not yet concluded their due diligence process so this determination could potentially change. Due diligence for these in-scope suppliers will continue until the status is confirmed. |
| |
● |
“Undefined from DRC” indicates the in-scope suppliers that reported that Conflict Minerals used originate from the DRC or one of the Covered Countries and that the smelters or refiners are not yet approved by the RMAP program. Due diligence for these in-scope suppliers will continue until the status is confirmed. |
Despite in-scope suppliers indicating that they
source Conflict Minerals from the DRC and Covered Countries, these in-scope suppliers were unable to accurately report which specific
smelters or refiners were part of the supply chain in terms of the components sold to Stratasys in 2023.
As a result of this lack of information, Stratasys
is unable to determine with complete accuracy the full list of facilities used to process those necessary Conflict Minerals or their likely
country of origin, and therefore, we are unable to conclude whether or not the Conflict Minerals used in our products may have directly
or indirectly financed armed groups in the CAHRAs. Stratasys’ efforts to determine the likely mine(s) or location of origin for
the necessary Conflict Minerals are realized through the due diligence measures described above.
Smelters or refiners verified as conflict free or in the
audit process:
| Tin |
67 of 83 (80.72%) |
| Tantalum |
34 of 36 (94.44%) |
| Tungsten |
32 of 53 (60.38%) |
| Gold |
92 of 177 (51.98%) |
| Total |
225 of 349 (64.47%) |
Status of identified smelters or refiners:
| Verified Conflict Free (RMI Compliant) |
221 of 349 (63.32%) |
| Participating in an audit process (RMI Active) |
4 of 349 (1.17%) |
| Not Participating |
124 of 349 (35.53%) |
| Total (Conflict Free and under Audit process) |
225 of 349 (64.47%) |
Additional Risk Factors
The statements above are based on the RCOI process
and due diligence performed in good faith by Stratasys. These statements are based on the infrastructure and information available at
the time. A number of factors could introduce errors or otherwise affect our conclusions.
These factors include, but are not limited to,
gaps in product or product content information, gaps in supplier data, errors or omissions by or of suppliers, confusion over requirements
of SEC final rules, gaps in supplier education and knowledge, lack of timeliness of data, public information not discovered during a reasonable
search, errors in public data, language barriers and translation, supplier unfamiliarity with Rule 13p-1 and or with the company’s
Conflict Minerals Policy, conflict-area sourced materials being declared as secondary materials, companies going out of business in 2023
and the potential smuggling of conflict-area Conflict Minerals to countries beyond the CAHRAs.
We do not gather information from our suppliers
on a continuous or real-time basis, but rather information is gathered from suppliers at the time that it is provided in a CMRT, of at
least version 6.31 or higher.
We cannot be completely certain of our conclusions
regarding the source and chain of custody of the necessary Conflict Minerals used or necessary to the production or for the functionality
of our products or product components in 2023, as the information comes from direct and secondary suppliers and independent Third-Party
Audit programs.
Continuous improvement efforts to mitigate risk
Stratasys continues to conduct and report annually
on supply chain due diligence for the applicable Conflict Minerals, as required by Rule 13p-1. Stratasys continues to take, as applicable,
the following steps to improve the due diligence process and mitigate the possibility that we are utilizing Conflict Minerals that, directly
or indirectly, benefit armed groups propagating human rights violations in the CAHRAs:
| ● | Work with in-scope suppliers
that did not respond to Stratasys’ surveys to help them understand the importance of this initiative to Stratasys and to encourage
their participation in 2024. |
| ● | Attempt to validate in-scope
supplier responses using information collected via independent, conflict-free smelter validation programs such as the RMAP. |
| ● | Send follow-up letters to high
risk non-responsive in-scope suppliers and to in-scope suppliers with Conflict Minerals from the CAHRAs, as well as from smelters or
refiners that do not participate in the RMI’s RMAP. |
In addition to the above steps, Stratasys continues
to implement the Company’s Conflict Minerals Policy and Code of Conduct to the best of the Company’s abilities, namely through
the methods of communication on the Company’s Conflict Minerals Policy to the stakeholders and suppliers.
This Report contains “forward-looking statements”
within the meaning of U.S. federal securities laws. These forward-looking statements can generally be identified as such because the context
of the statement will include words such as “may”, “will,” “intends,” “plans,” “believes,”
“anticipates,” “expects,” “estimates,” “predicts,” “potential,” “continue,”
or “opportunity,” the negative of these words or words of similar import. Examples of forward-looking statements include statements
relating to our future plans, and any other statement that does not directly relate to any historical or current fact. Forward-looking
statements are based on our current expectations and assumptions, which may or may not prove to be accurate. Forward-looking statements
are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements.
As a result, these statements speak only as of the date they are made and we undertake no obligation to update or revise any forward-looking
statement, except as required by U.S. federal securities laws.
Annex 1
Names and Locations of Smelters or Refiners
| Metal |
Smelter Name |
Smelter Country |
| Gold |
Advanced Chemical Company |
UNITED STATES OF AMERICA |
| Gold |
Aida Chemical Industries Co., Ltd. |
JAPAN |
| Gold |
Agosi AG |
GERMANY |
| Gold |
Almalyk Mining and Metallurgical Complex (AMMC) |
UZBEKISTAN |
| Gold |
AngloGold Ashanti Corrego do Sitio Mineracao |
BRAZIL |
| Gold |
Argor-Heraeus S.A. |
SWITZERLAND |
| Gold |
Asahi Pretec Corp. |
JAPAN |
| 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 |
Boliden AB |
SWEDEN |
| Gold |
C. Hafner GmbH + Co. KG |
GERMANY |
| Gold |
Caridad |
MEXICO |
| Gold |
CCR Refinery - Glencore Canada Corporation |
CANADA |
| Gold |
Cendres + Metaux S.A. |
SWITZERLAND |
| Gold |
Yunnan Copper Industry Co., Ltd. |
CHINA |
| Gold |
Chimet S.p.A. |
ITALY |
| Gold |
Chugai Mining |
JAPAN |
| Gold |
Daye Non-Ferrous Metals Mining Ltd. |
CHINA |
| Gold |
DSC (Do Sung Corporation) |
KOREA, REPUBLIC OF |
| Gold |
Dowa |
JAPAN |
| Gold |
Eco-System Recycling Co., Ltd. East Plant |
JAPAN |
| Gold |
JSC Novosibirsk Refinery |
RUSSIAN FEDERATION |
| Gold |
Refinery of Seemine Gold Co., Ltd. |
CHINA |
| Gold |
Guoda Safina High-Tech Environmental Refinery Co., Ltd. |
CHINA |
| Gold |
Hangzhou Fuchunjiang Smelting Co., Ltd. |
CHINA |
| Gold |
LT Metal Ltd. |
KOREA, REPUBLIC OF |
| Gold |
Heimerle + Meule GmbH |
GERMANY |
| Gold |
Heraeus Metals Hong Kong Ltd. |
CHINA |
| Gold |
Heraeus Germany GmbH Co. KG |
GERMANY |
| Gold |
Hunan Chenzhou Mining Co., Ltd. |
CHINA |
| Gold |
Hunan Guiyang yinxing Nonferrous Smelting Co., Ltd. |
CHINA |
| Gold |
HwaSeong CJ CO., LTD. |
KOREA, REPUBLIC OF |
| Gold |
Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd. |
CHINA |
| Gold |
Ishifuku Metal Industry Co., Ltd. |
JAPAN |
| Gold |
Istanbul Gold Refinery |
TURKEY |
| Gold |
Japan Mint |
JAPAN |
| Gold |
Jiangxi Copper Co., Ltd. |
CHINA |
| Gold |
Asahi Refining USA Inc. |
UNITED STATES OF AMERICA |
| Gold |
Asahi Refining Canada Ltd. |
CANADA |
| Gold |
JSC Ekaterinburg Non-Ferrous Metal Processing Plant |
RUSSIAN FEDERATION |
| Gold |
JSC Uralelectromed |
RUSSIAN FEDERATION |
| Gold |
JX Nippon Mining & Metals Co., Ltd. |
JAPAN |
| Gold |
Kazakhmys Smelting LLC |
KAZAKHSTAN |
| Gold |
Kazzinc |
KAZAKHSTAN |
| Gold |
Kennecott Utah Copper LLC |
UNITED STATES OF AMERICA |
| Gold |
Kojima Chemicals Co., Ltd. |
JAPAN |
| Gold |
Kyrgyzaltyn JSC |
KYRGYZSTAN |
| Gold |
L’azurde Company For Jewelry |
SAUDI ARABIA |
| Gold |
Lingbao Gold Co., Ltd. |
CHINA |
| Gold |
Lingbao Jinyuan Tonghui Refinery Co., Ltd. |
CHINA |
| Gold |
LS-NIKKO Copper Inc. |
KOREA, REPUBLIC OF |
| Gold |
Luoyang Zijin Yinhui Gold Refinery Co., Ltd. |
CHINA |
| Gold |
Materion |
UNITED STATES OF AMERICA |
| Gold |
Matsuda Sangyo Co., Ltd. |
JAPAN |
| Gold |
Metalor Technologies (Suzhou) Ltd. |
CHINA |
| Gold |
Metalor Technologies (Hong Kong) Ltd. |
CHINA |
| Gold |
Metalor Technologies (Singapore) Pte., Ltd. |
SINGAPORE |
| Gold |
Metalor Technologies S.A. |
SWITZERLAND |
| Gold |
Metalor USA Refining Corporation |
UNITED STATES OF AMERICA |
| Gold |
Metalurgica Met-Mex Penoles S.A. De C.V. |
MEXICO |
| Gold |
Mitsubishi Materials Corporation |
JAPAN |
| Gold |
Mitsui Mining and Smelting Co., Ltd. |
JAPAN |
| Gold |
Moscow Special Alloys Processing Plant |
RUSSIAN FEDERATION |
| Gold |
Nadir Metal Rafineri San. Ve Tic. A.S. |
TURKEY |
| 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) |
RUSSIAN FEDERATION |
| Gold |
MKS 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 Precinox S.A. |
SWITZERLAND |
| Gold |
Rand Refinery (Pty) Ltd. |
SOUTH AFRICA |
| Gold |
Royal Canadian Mint |
CANADA |
| Gold |
Sabin Metal Corp. |
UNITED STATES OF AMERICA |
| Gold |
Samduck Precious Metals |
KOREA, REPUBLIC OF |
| Gold |
Samwon Metals Corp. |
KOREA, REPUBLIC OF |
| Gold |
SEMPSA Joyeria Plateria S.A. |
SPAIN |
| Gold |
Shandong Tiancheng Biological Gold Industrial Co., Ltd. |
CHINA |
| Gold |
Shandong Zhaojin Gold & Silver Refinery Co., Ltd. |
CHINA |
| Gold |
Sichuan Tianze Precious Metals Co., Ltd. |
CHINA |
| Gold |
SOE Shyolkovsky Factory of Secondary Precious Metals |
RUSSIAN FEDERATION |
| Gold |
Solar Applied Materials Technology Corp. |
TAIWAN, PROVINCE OF CHINA |
| Gold |
Sumitomo Metal Mining Co., Ltd. |
JAPAN |
| Gold |
Super Dragon Technology Co., Ltd. |
TAIWAN, PROVINCE OF CHINA |
| Gold |
Tanaka Kikinzoku Kogyo K.K. |
JAPAN |
| Gold |
Great Wall Precious Metals Co., Ltd. of CBPM |
CHINA |
| Gold |
Shandong Gold Smelting Co., Ltd. |
CHINA |
| Gold |
Tokuriki Honten Co., Ltd. |
JAPAN |
| Gold |
Tongling Nonferrous Metals Group Co., Ltd. |
CHINA |
| Gold |
Torecom |
KOREA, REPUBLIC OF |
| Gold |
Umicore S.A. Business Unit Precious Metals Refining |
BELGIUM |
| Gold |
United Precious Metal Refining, Inc. |
UNITED STATES OF AMERICA |
| Gold |
Valcambi S.A. |
SWITZERLAND |
| Gold |
Western Australian Mint (T/a The Perth Mint) |
AUSTRALIA |
| Gold |
Yamakin Co., Ltd. |
JAPAN |
| Gold |
Yokohama Metal Co., Ltd. |
JAPAN |
| Gold |
Zhongyuan Gold Smelter of Zhongjin Gold Corporation |
CHINA |
| Gold |
Gold Refinery of Zijin Mining Group Co., Ltd. |
CHINA |
| Gold |
Morris and Watson |
NEW ZEALAND |
| Gold |
SAFINA A.S. |
CZECHIA |
| Gold |
Guangdong Jinding Gold Limited |
CHINA |
| Gold |
Umicore Precious Metals Thailand |
THAILAND |
| Gold |
Geib Refining Corporation |
UNITED STATES OF AMERICA |
| Gold |
MMTC-PAMP India Pvt., Ltd. |
INDIA |
| Gold |
KGHM Polska Miedz Spolka Akcyjna |
POLAND |
| Gold |
Fidelity Printers and Refiners Ltd. |
ZIMBABWE |
| Gold |
Singway Technology Co., Ltd. |
TAIWAN, PROVINCE OF CHINA |
| Gold |
Shandong Humon Smelting Co., Ltd. |
CHINA |
| Gold |
Shenzhen Zhonghenglong Real Industry Co., Ltd. |
CHINA |
| Gold |
Al Etihad Gold Refinery DMCC |
UNITED ARAB EMIRATES |
| Gold |
Emirates Gold DMCC |
UNITED ARAB EMIRATES |
| Gold |
International Precious Metal Refiners |
UNITED ARAB EMIRATES |
| Gold |
Kaloti Precious Metals |
UNITED ARAB EMIRATES |
| Gold |
Sudan Gold Refinery |
SUDAN |
| Gold |
T.C.A S.p.A |
ITALY |
| Gold |
REMONDIS PMR B.V. |
NETHERLANDS |
| Gold |
Fujairah Gold FZC |
UNITED ARAB EMIRATES |
| Gold |
Industrial Refining Company |
BELGIUM |
| Gold |
Shirpur Gold Refinery Ltd. |
INDIA |
| Gold |
Korea Zinc Co., Ltd. |
KOREA, REPUBLIC OF |
| Gold |
Marsam Metals |
BRAZIL |
| Gold |
TOO Tau-Ken-Altyn |
KAZAKHSTAN |
| Gold |
Abington Reldan Metals, LLC |
UNITED STATES OF AMERICA |
| Gold |
Shenzhen CuiLu Gold Co., Ltd. |
CHINA |
| Gold |
Albino Mountinho Lda. |
PORTUGAL |
| Gold |
SAAMP |
FRANCE |
| Gold |
L’Orfebre S.A. |
ANDORRA |
| Gold |
8853 S.p.A. |
ITALY |
| Gold |
Italpreziosi |
ITALY |
| Gold |
WIELAND Edelmetalle GmbH |
GERMANY |
| Gold |
Ogussa Osterreichische Gold- und Silber-Scheideanstalt GmbH |
AUSTRIA |
| Gold |
AU Traders and Refiners |
SOUTH AFRICA |
| Gold |
GGC Gujrat Gold Centre Pvt. Ltd. |
INDIA |
| Gold |
Sai Refinery |
INDIA |
| Gold |
Modeltech Sdn Bhd |
MALAYSIA |
| Gold |
Bangalore Refinery |
INDIA |
| Gold |
Kyshtym Copper-Electrolytic Plant ZAO |
RUSSIAN FEDERATION |
| Gold |
Degussa Sonne / Mond Goldhandel GmbH |
GERMANY |
| Gold |
Pease & Curren |
UNITED STATES OF AMERICA |
| Gold |
JALAN & Company |
INDIA |
| Gold |
SungEel HiMetal Co., Ltd. |
KOREA, REPUBLIC OF |
| Gold |
Planta Recuperadora de Metales SpA |
CHILE |
| Gold |
ABC Refinery Pty Ltd. |
AUSTRALIA |
| Gold |
Safimet S.p.A |
ITALY |
| Gold |
State Research Institute Center for Physical Sciences and Technology |
LITHUANIA |
| Gold |
African Gold Refinery |
UGANDA |
| Gold |
Gold Coast Refinery |
GHANA |
| Gold |
NH Recytech Company |
KOREA, REPUBLIC OF |
| Gold |
QG Refining, LLC |
UNITED STATES OF AMERICA |
| Gold |
Dijllah Gold Refinery FZC |
UNITED ARAB EMIRATES |
| Gold |
CGR Metalloys Pvt Ltd. |
INDIA |
| Gold |
Sovereign Metals |
INDIA |
| Gold |
C.I Metales Procesados Industriales SAS |
COLOMBIA |
| Gold |
Eco-System Recycling Co., Ltd. North Plant |
JAPAN |
| Gold |
Eco-System Recycling Co., Ltd. West Plant |
JAPAN |
| Gold |
Augmont Enterprises Private Limited |
INDIA |
| Gold |
Kundan Care Products Ltd. |
INDIA |
| Gold |
Emerald Jewel Industry India Limited (Unit 1) |
INDIA |
| Gold |
Emerald Jewel Industry India Limited (Unit 2) |
INDIA |
| Gold |
Emerald Jewel Industry India Limited (Unit 3) |
INDIA |
| Gold |
Emerald Jewel Industry India Limited (Unit 4) |
INDIA |
| Gold |
K.A. Rasmussen |
NORWAY |
| Gold |
Alexy Metals |
UNITED STATES OF AMERICA |
| Gold |
Sancus ZFS (L’Orfebre, SA) |
COLOMBIA |
| Gold |
Sellem Industries Ltd. |
MAURITANIA |
| Gold |
MD Overseas |
INDIA |
| Gold |
Metallix Refining Inc. |
UNITED STATES OF AMERICA |
| Gold |
Metal Concentrators SA (Pty) Ltd. |
SOUTH AFRICA |
| Gold |
WEEEREFINING |
FRANCE |
| Gold |
Gold by Gold Colombia |
COLOMBIA |
| Gold |
Dongwu Gold Group |
CHINA |
| Gold |
Sam Precious Metals |
UNITED ARAB EMIRATES |
| Gold |
Coimpa Industrial LTDA |
BRAZIL |
| Tantalum |
Changsha South Tantalum Niobium Co., Ltd. |
CHINA |
| Tantalum |
F&X Electro-Materials Ltd. |
CHINA |
| Tantalum |
XIMEI RESOURCES (GUANGDONG) LIMITED |
CHINA |
| Tantalum |
JiuJiang JinXin Nonferrous Metals Co., Ltd. |
CHINA |
| Tantalum |
Jiujiang Tanbre Co., Ltd. |
CHINA |
| Tantalum |
AMG Brasil |
BRAZIL |
| Tantalum |
Metallurgical Products India Pvt., Ltd. |
INDIA |
| Tantalum |
Mineracao Taboca S.A. |
BRAZIL |
| Tantalum |
Mitsui Mining and Smelting Co., Ltd. |
JAPAN |
| Tantalum |
NPM Silmet AS |
ESTONIA |
| Tantalum |
Ningxia Orient Tantalum Industry Co., Ltd. |
CHINA |
| Tantalum |
QuantumClean |
UNITED STATES OF AMERICA |
| Tantalum |
Yanling Jincheng Tantalum & Niobium Co., Ltd. |
CHINA |
| Tantalum |
Solikamsk Magnesium Works OAO |
RUSSIAN FEDERATION |
| Tantalum |
Taki Chemical Co., Ltd. |
JAPAN |
| Tantalum |
Telex Metals |
UNITED STATES OF AMERICA |
| Tantalum |
Ulba Metallurgical Plant JSC |
KAZAKHSTAN |
| Tantalum |
Hengyang King Xing Lifeng New Materials Co., Ltd. |
CHINA |
| Tantalum |
D Block Metals, LLC |
UNITED STATES OF AMERICA |
| Tantalum |
FIR Metals & Resource Ltd. |
CHINA |
| Tantalum |
Jiujiang Zhongao Tantalum & Niobium Co., Ltd. |
CHINA |
| Tantalum |
XinXing HaoRong Electronic Material Co., Ltd. |
CHINA |
| Tantalum |
Jiangxi Dinghai Tantalum & Niobium Co., Ltd. |
CHINA |
| Tantalum |
KEMET de Mexico |
MEXICO |
| Tantalum |
TANIOBIS Co., Ltd. |
THAILAND |
| Tantalum |
TANIOBIS GmbH |
GERMANY |
| Tantalum |
Materion Newton Inc. |
UNITED STATES OF AMERICA |
| Tantalum |
TANIOBIS Japan Co., Ltd. |
JAPAN |
| Tantalum |
TANIOBIS Smelting GmbH & Co. KG |
GERMANY |
| Tantalum |
Global Advanced Metals Boyertown |
UNITED STATES OF AMERICA |
| Tantalum |
Global Advanced Metals Aizu |
JAPAN |
| Tantalum |
Resind Industria e Comercio Ltda. |
BRAZIL |
| Tantalum |
Jiangxi Tuohong New Raw Material |
CHINA |
| Tantalum |
RFH Yancheng Jinye New Material Technology Co., Ltd. |
CHINA |
| Tantalum |
5D Production OU |
ESTONIA |
| Tantalum |
PowerX Ltd. |
RWANDA |
| Tin |
Chenzhou Yunxiang Mining and Metallurgy Co., Ltd. |
CHINA |
| Tin |
Alpha |
UNITED STATES OF AMERICA |
| Tin |
PT Aries Kencana Sejahtera |
INDONESIA |
| Tin |
PT Premium Tin Indonesia |
INDONESIA |
| Tin |
Dowa |
JAPAN |
| Tin |
EM Vinto |
BOLIVIA (PLURINATIONAL STATE OF) |
| Tin |
Estanho de Rondonia S.A. |
BRAZIL |
| Tin |
Fenix Metals |
POLAND |
| Tin |
Gejiu Non-Ferrous Metal Processing Co., Ltd. |
CHINA |
| Tin |
Gejiu Zili Mining And Metallurgy Co., Ltd. |
CHINA |
| Tin |
Gejiu Kai Meng Industry and Trade LLC |
CHINA |
| Tin |
China Tin Group Co., Ltd. |
CHINA |
| Tin |
Malaysia Smelting Corporation (MSC) |
MALAYSIA |
| Tin |
Metallic Resources, Inc. |
UNITED STATES OF AMERICA |
| Tin |
Mineracao Taboca S.A. |
BRAZIL |
| Tin |
Minsur |
PERU |
| Tin |
Mitsubishi Materials Corporation |
JAPAN |
| Tin |
Jiangxi New Nanshan Technology Ltd. |
CHINA |
| Tin |
Novosibirsk Tin Combine |
RUSSIAN FEDERATION |
| Tin |
O.M. Manufacturing (Thailand) Co., Ltd. |
THAILAND |
| Tin |
Operaciones Metalurgicas S.A. |
BOLIVIA (PLURINATIONAL STATE OF) |
| Tin |
PT Artha Cipta Langgeng |
INDONESIA |
| Tin |
PT Babel Inti Perkasa |
INDONESIA |
| Tin |
PT Babel Surya Alam Lestari |
INDONESIA |
| Tin |
PT Bangka Tin Industry |
INDONESIA |
| Tin |
PT Belitung Industri Sejahtera |
INDONESIA |
| Tin |
PT Bukit Timah |
INDONESIA |
| Tin |
PT Mitra Stania Prima |
INDONESIA |
| Tin |
PT Panca Mega Persada |
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 Timah Tbk Kundur |
INDONESIA |
| Tin |
PT Timah Tbk Mentok |
INDONESIA |
| Tin |
PT Timah Nusantara |
INDONESIA |
| Tin |
PT Tinindo Inter Nusa |
INDONESIA |
| Tin |
PT Tommy Utama |
INDONESIA |
| Tin |
Rui Da Hung |
TAIWAN, PROVINCE OF CHINA |
| Tin |
Thaisarco |
THAILAND |
| Tin |
Gejiu Yunxin Nonferrous Electrolysis Co., Ltd. |
CHINA |
| Tin |
VQB Mineral and Trading Group JSC |
VIET NAM |
| Tin |
White Solder Metalurgia e Mineracao Ltda. |
BRAZIL |
| Tin |
Yunnan Chengfeng Non-ferrous Metals Co., Ltd. |
CHINA |
| Tin |
Tin Smelting Branch of Yunnan Tin Co., Ltd. |
CHINA |
| Tin |
CV Venus Inti Perkasa |
INDONESIA |
| Tin |
Magnu’s Minerais Metais e Ligas Ltda. |
BRAZIL |
| Tin |
PT Tirus Putra Mandiri |
INDONESIA |
| Tin |
Melt Metais e Ligas S.A. |
BRAZIL |
| Tin |
PT ATD Makmur Mandiri Jaya |
INDONESIA |
| Tin |
O.M. Manufacturing Philippines, Inc. |
PHILIPPINES |
| Tin |
CV Ayi Jaya |
INDONESIA |
| Tin |
Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company |
VIET NAM |
| Tin |
Nghe Tinh Non-Ferrous Metals Joint Stock Company |
VIET NAM |
| Tin |
Tuyen Quang Non-Ferrous Metals Joint Stock Company |
VIET NAM |
| Tin |
PT Cipta Persada Mulia |
INDONESIA |
| Tin |
An Vinh Joint Stock Mineral Processing Company |
VIET NAM |
| Tin |
Resind Industria e Comercio Ltda. |
BRAZIL |
| Tin |
Super Ligas |
BRAZIL |
| Tin |
Aurubis Beerse |
BELGIUM |
| Tin |
Aurubis Berango |
SPAIN |
| Tin |
PT Bangka Prima Tin |
INDONESIA |
| Tin |
PT Sukses Inti Makmur |
INDONESIA |
| Tin |
PT Menara Cipta Mulia |
INDONESIA |
| Tin |
Modeltech Sdn Bhd |
MALAYSIA |
| Tin |
Guangdong Hanhe Non-Ferrous Metal Co., Ltd. |
CHINA |
| Tin |
Chifeng Dajingzi Tin Industry Co., Ltd. |
CHINA |
| Tin |
PT Bangka Serumpun |
INDONESIA |
| Tin |
Pongpipat Company Limited |
MYANMAR |
| Tin |
Tin Technology & Refining |
UNITED STATES OF AMERICA |
| Tin |
Dongguan CiEXPO Environmental Engineering Co., Ltd. |
CHINA |
| Tin |
PT Rajawali Rimba Perkasa |
INDONESIA |
| Tin |
Luna Smelter, Ltd. |
RWANDA |
| Tin |
Yunnan Yunfan Non-ferrous Metals Co., Ltd. |
CHINA |
| Tin |
Precious Minerals and Smelting Limited |
INDIA |
| Tin |
Gejiu City Fuxiang Industry and Trade Co., Ltd. |
CHINA |
| Tin |
PT Mitra Sukses Globalindo |
INDONESIA |
| Tin |
CRM Fundicao De Metais E Comercio De Equipamentos Eletronicos Do Brasil Ltda |
BRAZIL |
| Tin |
CRM Synergies |
SPAIN |
| Tin |
Fabrica Auricchio Industria e Comercio Ltda. |
BRAZIL |
| Tin |
DS Myanmar |
MYANMAR |
| Tin |
PT Putera Sarana Shakti (PT PSS) |
INDONESIA |
| Tin |
Mining Minerals Resources SARL |
CONGO, DEMOCRATIC REPUBLIC OF THE |
| Tungsten |
A.L.M.T. Corp. |
JAPAN |
| Tungsten |
Kennametal Huntsville |
UNITED STATES OF AMERICA |
| Tungsten |
Guangdong Xianglu Tungsten Co., Ltd. |
CHINA |
| Tungsten |
Chongyi Zhangyuan Tungsten Co., Ltd. |
CHINA |
| Tungsten |
CNMC (Guangxi) PGMA Co., Ltd. |
CHINA |
| Tungsten |
Global Tungsten & Powders Corp. |
UNITED STATES OF AMERICA |
| Tungsten |
Hunan Chenzhou Mining Co., Ltd. |
CHINA |
| Tungsten |
Hunan Jintai New Material Co., Ltd. |
CHINA |
| Tungsten |
Japan New Metals Co., Ltd. |
JAPAN |
| Tungsten |
Ganzhou Huaxing Tungsten Products Co., Ltd. |
CHINA |
| Tungsten |
Kennametal Fallon |
UNITED STATES OF AMERICA |
| Tungsten |
Wolfram Bergbau und Hutten AG |
AUSTRIA |
| Tungsten |
Xiamen Tungsten Co., Ltd. |
CHINA |
| Tungsten |
Jiangxi Minmetals Gao’an Non-ferrous Metals Co., Ltd. |
CHINA |
| Tungsten |
Ganzhou Jiangwu Ferrotungsten Co., Ltd. |
CHINA |
| Tungsten |
Jiangxi Yaosheng Tungsten Co., Ltd. |
CHINA |
| Tungsten |
Jiangxi Xinsheng Tungsten Industry Co., Ltd. |
CHINA |
| Tungsten |
Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. |
CHINA |
| Tungsten |
Malipo Haiyu Tungsten Co., Ltd. |
CHINA |
| Tungsten |
Xiamen Tungsten (H.C.) Co., Ltd. |
CHINA |
| Tungsten |
Jiangxi Gan Bei Tungsten Co., Ltd. |
CHINA |
| Tungsten |
Ganzhou Seadragon W & Mo Co., Ltd. |
CHINA |
| Tungsten |
Asia Tungsten Products Vietnam Ltd. |
VIET NAM |
| Tungsten |
Hunan Shizhuyuan Nonferrous Metals Co., Ltd. Chenzhou Tungsten Products Branch |
CHINA |
| Tungsten |
H.C. Starck Tungsten GmbH |
GERMANY |
| Tungsten |
TANIOBIS Smelting GmbH & Co. KG |
GERMANY |
| Tungsten |
Masan High-Tech Materials |
VIET NAM |
| Tungsten |
Jiangwu H.C. Starck Tungsten Products Co., Ltd. |
CHINA |
| Tungsten |
Niagara Refining LLC |
UNITED STATES OF AMERICA |
| Tungsten |
China Molybdenum Tungsten Co., Ltd. |
CHINA |
| Tungsten |
Ganzhou Haichuang Tungsten Co., Ltd. |
CHINA |
| Tungsten |
Hydrometallurg, JSC |
RUSSIAN FEDERATION |
| Tungsten |
Unecha Refractory metals plant |
RUSSIAN FEDERATION |
| Tungsten |
Philippine Chuangxin Industrial Co., Inc. |
PHILIPPINES |
| Tungsten |
ACL Metais Eireli |
BRAZIL |
| Tungsten |
Moliren Ltd. |
RUSSIAN FEDERATION |
| Tungsten |
Fujian Ganmin RareMetal Co., Ltd. |
CHINA |
| Tungsten |
Lianyou Metals Co., Ltd. |
TAIWAN, PROVINCE OF CHINA |
| Tungsten |
JSC “Kirovgrad Hard Alloys Plant” |
RUSSIAN FEDERATION |
| Tungsten |
NPP Tyazhmetprom LLC |
RUSSIAN FEDERATION |
| Tungsten |
Hubei Green Tungsten Co., Ltd. |
CHINA |
| Tungsten |
Albasteel Industria e Comercio de Ligas Para Fundicao Ltd. |
BRAZIL |
| Tungsten |
Cronimet Brasil Ltda |
BRAZIL |
| Tungsten |
Artek LLC |
RUSSIAN FEDERATION |
| Tungsten |
Fujian Xinlu Tungsten Co., Ltd. |
CHINA |
| Tungsten |
OOO “Technolom” 2 |
RUSSIAN FEDERATION |
| Tungsten |
OOO “Technolom” 1 |
RUSSIAN FEDERATION |
| Tungsten |
LLC Vostok |
RUSSIAN FEDERATION |
| Tungsten |
YUDU ANSHENG TUNGSTEN CO., LTD. |
CHINA |
| Tungsten |
HANNAE FOR T Co., Ltd. |
KOREA, REPUBLIC OF |
| Tungsten |
Tungsten Vietnam Joint Stock Company |
VIET NAM |
| Tungsten |
Nam Viet Cromit Joint Stock Company |
VIET NAM |
| Tungsten |
DONGKUK INDUSTRIES CO., LTD. |
KOREA, REPUBLIC OF |
Annex 2
Country of Origin (COO)*
| Gold |
Tantalum |
Tin |
Tungsten |
| JAPAN |
China |
UNITED STATES OF AMERICA |
CHINA |
| AUSTRALIA |
Brazil |
BRAZIL |
JAPAN |
| BRAZIL |
Japan |
PERU |
United States Of America |
| SWITZERLAND |
Russian Federation |
INDONESIA |
Austria |
| UNITED STATES |
India |
THAILAND |
Philippines |
| BELGIUM |
Estonia |
BELGIUM |
Brazil |
| UNITED STATES OF AMERICA |
United States Of America |
CHINA |
Viet Nam |
| CANADA |
Kazakhstan |
BOLIVIA |
Russian Federation |
| MEXICO |
Mexico |
TAIWAN, PROVINCE OF CHINA |
Taiwan, Province Of China |
| CHINA |
Germany |
MALAYSIA |
Germany |
| GERMANY |
Rwanda |
BOLIVIA (PLURINATIONAL STATE OF) |
Korea, Republic Of |
| KOREA, REPUBLIC OF |
Thailand |
Japan |
UNITED STATES |
| SINGAPORE |
MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OF |
Russian Federation |
United Kingdom Of Great Britain And Northern |
| AUSTRIA |
AUSTRIA |
Viet Nam |
ITALY |
| ITALY |
UNITED STATES |
Spain |
Sweden |
| UZBEKISTAN |
ITALY |
Myanmar |
|
| PHILIPPINES |
Unknown |
Congo, Democratic Republic Of The |
|
| SWEDEN |
|
Rwanda |
|
| TURKEY |
|
India |
|
| KAZAKHSTAN |
|
Poland |
|
| INDONESIA |
|
Philippines |
|
| SOUTH AFRICA |
|
GERMANY |
|
| SPAIN |
|
KOREA, REPUBLIC OF |
|
| TAIWAN, PROVINCE OF CHINA |
|
UNITED STATES |
|
| THAILAND |
|
TAIWAN |
|
| INDIA |
|
FRANCE |
|
| POLAND |
|
Singapore |
|
| NETHERLANDS |
|
Australia |
|
| FRANCE |
|
ITALY |
|
| CHILE |
|
Unknown |
|
| UNITED ARAB EMIRATES |
|
|
|
| ANDORRA |
|
|
|
| CZECHIA |
|
|
|
| Russian Federation |
|
|
|
| New Zealand |
|
|
|
| Zimbabwe |
|
|
|
| Sudan |
|
|
|
| Malaysia |
|
|
|
| Colombia |
|
|
|
| Portugal |
|
|
|
| Lithuania |
|
|
|
| Tanzania, United Republic Of |
|
|
|
| Kyrgyzstan |
|
|
|
| Saudi Arabia |
|
|
|
| Uganda |
|
|
|
| Ghana |
|
|
|
| Norway |
|
|
|
| ZAMBIA |
|
|
|
| TAIWAN |
|
|
|
| HONG KONG |
|
|
|
| GERMANY |
|
|
|
| MAURITANIA |
|
|
|
| Unknown |
|
|
|
| * | As not all of the smelters or refiners (SORs) reported by our suppliers or manufacturers in the supply
chain inquiry provided information on the Location of Mine in their CMRTs, and the Company was not able to establish from the SORs
complete sourcing information on their Conflict Minerals, it has indicated in the COO the closest indication provided as to the
source of Conflict Minerals, i.e. the Smelter Country as reported in the suppliers’ CMRT. |
25
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