Exhibit 1.01

 

Conflict Minerals Report of Stratasys Ltd.

 

This is the Conflict Minerals Report of Stratasys Ltd. for calendar year 2014 in accordance with Rule13p-1 of the Securities Exchange Act of 1934 (“Rule 13p-1”) and Form SD. Numerous terms in this Report are defined in Form SD. The reader is referred to Form SD and to 1934 Act Release No. 34-67716 (August 22, 2012) for such definitions.

 

Stratasys Ltd. (“Stratasys” or “We”) is the product of the 2012 merger of two leading additive manufacturing companies, Stratasys, Inc. and Objet Ltd. Our ordinary shares are listed on the NASDAQ Global Select Market under the trading symbol “SSYS”. We have dual headquarters. One of our two principal places of business is located at 7665 Commerce Way, Eden Prairie, Minnesota. Our registered office and other principal place of business is located at 2 Holtzman Street, Science Park, P.O. Box 2496, Rehovot 76124, Israel.

 

We are a leading global provider of additive manufacturing, or AM, solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. Our solutions include products ranging from entry-level desktop 3D printers to systems for rapid prototyping, or RP, and large production systems for direct digital manufacturing, or DDM. We also develop, manufacture and sell materials for use with our systems and provide related services offerings. We believe that the range of 3D printing consumable materials that we offer, consisting of 38 Polyjet and Fused Deposition Modeling, or FDM, cartridge-based materials, five Smooth Curvature Printing, or SCP, inkjet-based materials and 138 non-color digital materials, and over 1,000 color variations, is the widest in the industry. Our services offerings include our Stratasys Direct Manufacturing printed parts service as well as our professional services.

 

Our products and services are used in different applications by customers in a broad array of industries, including aerospace, automotive, consumer electronics, dental, jewelry and more. Our customers range from individuals and smaller businesses to large, global enterprises, and we include a number of Fortune 100 companies among our customers.

 

We offer a broad range of systems, consumables and services for additive manufacturing. Our wide range of solutions, based on our proprietary AM technologies and production materials, enhance the ability of designers, engineers and manufacturers to:

 

·                  visualize and communicate product ideas and designs;

·                  verify the form, fit and function of prototypes;

·                  manufacture tools, jigs, fixtures, casts and injection molds used in the process of manufacturing end-products;

·                  manufacture customized and short-run end-products more efficiently and with greater agility; and

·                  produce objects that could not otherwise be manufactured through subtractive manufacturing methodologies.

 

 

Our product portfolio consists of five series of AM systems and the consumables used in those systems. These series are the MakerBot desktop series, the Idea Series, the Design Series, the Production Series and the Dental Series. Collectively, this portfolio offers a variety of performance options for our customers, depending on their desired application, as well as on the nature and size of the designs, prototypes or end-products they seek to produce. Our wide range of systems allows us to offer our customers systems at a number of different price points, depending on the features that our customers desire.

 

Our AM systems are described below:

 

·                  Design Series: Our Design Series includes the Dimension and Objet brands. The Dimension brand features our FDM technology and the Objet brand features our PolyJet technology. The technology available in this series makes it well suited for all aspects of RP, from design visualization and communication to form and fit verification to model building for functional testing. This series also offers a variety of products that provide customers with a broad range of choices of features such as printing capacity, production speed and price. The Dimension product line allows users to create parts in ABSplus plastic. This material enables production of parts with the strength required for true form, fit and functional testing. The Connex Systems are our most advanced PolyJet-based printer line featuring the highest capacity and offering the broadest set of features, including the ability to jet three materials simultaneously, with rigid, flexible and color characteristics, in virtually unlimited combinations, in a single build.

 

·                  Production Series: The Production Series includes our Fortus, Polyjet and SolidScape brands, all of which are typically used for DDM applications. 3D Production Systems driven by PolyJetTM technology work by jetting state-of-the-art photopolymer materials in ultra-thin layers onto a build tray, layer by layer, until the part is complete. The intuitive Objet Studio™ software manages the process. And, with multi-material 3D production systems, the user can combine different material properties in the same part, in a single print — gaining ultimate versatility. Our proven FDM® technology is the foundation for the Fortus® 3D Production Systems. Durable, production-grade thermoplastic is heated in an extrusion head and deposited in thin layers on a modeling base. The part is built, layer upon layer, with exactness from the bottom up. InsightTM software provides advanced control over build parameters. When the part is complete, the soluble or breakaway support material is removed, leaving an accurate, durable part that’s environmentally stable. We also offer our SolidScape line of 3D printers for DDM applications. This line of products combines patent-protected, SCP thermoplastic ink-jetting technology and high-precision milling of each layer, with our proprietary graphical front-end ModelWorks software. Objects created with these systems feature extremely high pattern resolution and accuracy and are used primarily for jewelry products and dental applications.

 

·                  MakerBot Replicator series: Our MakerBot Replicator series represents our 3D desktop, compact, and professional-grade printers. Our desktop and compact printers are affordable, and designed for easy, desktop use and are typically used by individuals operating alone or within an enterprise. Our larger, professional printer has a large build volume ideal for industrial prototypes, models and products. We acquired MakerBot in August 2013 to enhance our desktop offerings. In addition to the Replicator printer series, our MakerBot portfolio

 

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includes the Digitzer, which is a 3D scanner that allows customers to scan an object and convert it into a digital file that can subsequently be printed.

 

·                  Idea Series: The Idea Series includes our lower capacity, affordable set of 3D printers for professional use. This series comprises the MoJo and uPrint product families, both of which are FDM-based. These products are designed for easy use in an office environment and produce professional grade parts using our ABS line of thermoplastics.

 

·                  Dental Series: Each Dental Series 3D printer runs on one of two patented, industry-leading technologies to build models, dental appliances and casting wax-ups in-house, directly from digital files. Our PolyJet technology enables the production of surgical guides, fitting models, veneer try-ins and orthodontic appliances from materials specially engineered for dental applications. Our wax-deposition-modeling, or WDM, technology drives 3D printers that enable the production of crowns, bridges and partial dentures.

 

As an issuer that offers products that include tin, tungsten, tantalum and gold (“Conflict Minerals”) necessary in our manufactured products, we are subject to Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 Section 1502 reporting requirements associated with Conflict Minerals, and the SEC’s Rule 13p-1.

 

1.              Reasonable Country of Origin Inquiry

 

In accordance with our Conflict Minerals Policy, Stratasys has concluded in good faith that during the 2014 calendar year, we have manufactured and contracted to manufacture products containing all four Conflict Minerals 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 were or were not “DRC conflict free.” This was done simultaneously due to the large number of applicable suppliers from which we source materials that we surveyed and the time frame in which we needed to complete both the RCOI and due diligence. Our RCOI employed several methods to assess whether the necessary Conflict Minerals in our products originated from the Democratic Republic of the Congo or a country that shares an internationally recognized border with the Democratic Republic of the Congo (collectively, “Covered Countries”). These measures consisted primarily of the following actions:

 

a)             Internal assessments of our products to determine which contain or may contain necessary Conflict Minerals.

 

b)             As part of our risk based approach we identified suppliers from which we purchased goods directly (“Tier 1 Suppliers”), as well as electronic manufacturers with whom our Tier 1 Suppliers contracted for in order to supply us the goods. In order to reduce the risk of not getting full information we have decided not to rely solely on our Tier 1 Suppliers to provide information on their entire supply chain,

 

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and to approach directly also the electronic manufacturers, even though we have not purchased from them directly. The cumulative number of suppliers and manufacturers we have approached is 804 suppliers.

 

c)              Solicited survey responses using the standard template designed by the Conflict Free Sourcing Initiative  (CFSI) (the “Conflict Minerals Reporting Template”). We engaged our supply chain to respond to the Conflict Minerals Reporting Template by referring suppliers to training materials that included an overview of the law and instructions on how to complete the Conflict Minerals Reporting Template.

 

d)             Assessment of responses received for information that would identify as inconsistent, incomplete, or inaccurate responses. Responses that failed any of the “red flag” review tests were identified for additional follow up.

 

e)              To non-responsive suppliers, we sent periodic reminders to provide surveys or updated responses.

 

Based on the RCOI conducted, Stratasys has reason to believe that a portion of the Conflict Minerals necessary to the functionality of its products originated in the Democratic Republic of the Congo or an adjoining country and knows, or has reason to believe, that those necessary Conflict Minerals may not be from recycled or scrap sources. Based on this result, Stratasys conducted due diligence activities and details these efforts in this Conflict Minerals Report.

 

2.              Due Diligence

 

Due diligence design

 

In accordance with Rule 13p-1 and Form SD, we undertook due diligence to determine whether the Conflict Minerals necessary to the functionality or production of our products were or were not “DRC conflict free.”  We designed our due diligence measures to be in conformity, in all material respects, with the internationally recognized due diligence framework as set forth in the Organization for Economic Cooperation and Development (OECD) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (OECD, 2013) (“OECD Framework”) and related supplements for Conflict Minerals.

 

The 5 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.

 

Due diligence measures undertaken

 

The due diligence measures we undertook consisted primarily of:

 

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a.  Established strong company management systems.

 

We reviewed and maintained the company management systems previously established through the following actions:

 

·                  Reviewed the Stratasys Conflict Minerals Policy (available at http://files.shareholder.com/downloads/AMDA-FNA1K/3820661080x0x748757/72402B7D-BD98-4480-A580-59F519FDBC16/Stratasys-CM_Policy_FINAL_DISTRIBUTED_04-29-14.pdf) in order to assess whether any updates were required.

·                  Established Conflict Minerals Governance Charter to set the Conflict Minerals annual work plan including: Stratasys steps for compliance, objectives, time lines, internal management and cross functional team with identified roles and responsibilities, all to support supply chain due diligence.

·                  Established periodic meetings of the cross functional team, for the purpose of sharing best practices and monitoring our progress regarding the various steps required for compliance.

·                  Established a process whereby we engage with suppliers and refer them to training materials on line, which materials include an overview of relevant Conflict Minerals regulation and provide instructions on how to respond to the due diligence survey (which was based on the Conflict Minerals Reporting Template).

·                  Added a Conflict Minerals provision to our standard Terms and Conditions of Purchase to require suppliers to comply with our Conflict Minerals Policy and requirements.

·                  Established a process whereby we communicate the due diligence efforts to customers, suppliers and other relevant functions in our organization, as applicable.

·                  Established a grievance mechanism whereby concerns and violations of the Conflict Minerals Policy should be reported to Stratasys’ Chief Financial Officer & Chief Operating Officer and/or Vice President Legal affairs (at compliance@stratasys.com).

 

b.  Identified and assessed risks in the supply chain

 

As part of our risk-based approach we have decided to focus on suppliers and electronics manufactures.  We assessed two primary risks in our supply chain:  (1) the risk of not receiving on time and accurate information from the supplier; and (2) the risk of not being able to replace a supplier while trying to move towards the goal of being a conflict free company.

 

As a result of this assessment, we segmented our suppliers into three risk levels (high, medium and low) which allowed us to invest our risk mitigation efforts according to the supplier level of risk.

 

c.  Designed and implemented 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 are continuing the trade with the suppliers while Stratasys continues with its efforts to investigate its supply chain.

 

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Stratasys contacts suppliers whose responses are identified as incomplete, inconsistent or inaccurate. Stratasys also reviews supplier responses to track smelters and refiners in our supply chain that supply us with Conflict Minerals and have not received a conflict-free designation based on the Conflict Free Sourcing Initiative Conflict-Free Smelter Program or other independent third party validation program. Stratasys referred suppliers to training materials on line that included an overview of the law and instructions on how to complete the Conflict Minerals Reporting Template. We also sent follow up letters to high risk non-responsive suppliers, and to suppliers who declared the existence of Conflict Minerals in their supply chain from the DRC or adjoining countries from non-certified smelters.

 

d. Reviewed independent third-party audit of smelter/refiner due diligence practices

 

Stratasys is a downstream consumer of necessary Conflict Minerals and is many steps removed from smelters and refiners who provide minerals and ores. Therefore, Stratasys does not perform audits of smelters and refiners within the supply chain. As a result, Stratasys’ due diligence efforts relied on reviewing cross-industry initiatives such as those led by the EICC and GESI, to conduct smelter and refiner due diligence.

 

e. Prepared 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.

 

3.              Results of Assessment

 

We received responses from suppliers representing approximately a 70% response rate, containing the names and locations of smelters and refiners  (see Annex 1 ) and country of origin see (annex 2) which process Conflict Minerals used in components provided by our suppliers.

 

Despite suppliers indicating that they source from the Covered Countries, these suppliers were unable to accurately report which specific smelters were part of the supply chain of the components that were sold to Stratasys in 2014.

 

As a result of this lack of information, Stratasys is unable to determine the full list of facilities used to process those necessary Conflict Minerals or their country of origin and to conclude whether or not the Conflict Minerals used in its products may have directly or indirectly financed armed groups in the Covered Countries. Stratasys’ efforts to determine the mine(s) or location of origin included the use of the due diligence measures described above.

 

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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 the protocol,  conflict area sourced materials being declared secondary materials, companies going out of business in 2014, and smuggling of conflict area Conflict Minerals to countries beyond the Covered Countries.

 

Information gathered from our suppliers is not on a continuous, real-time basis, but rather information gathered from suppliers’ information provided on the Conflict Mineral Reporting Template at that time.

 

We cannot be certain about our conclusions regarding the source and chain of custody of the necessary Conflict Minerals, as the information comes from direct and secondary suppliers and independent third party audit programs.

 

Continuous improvement efforts to mitigate risk

 

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 benefit armed groups contributing to human rights violations:

 

·                  Continue to conduct and report annually on supply chain due diligence for the applicable Conflict Minerals, as required by Rule 13p-1.

 

·                  Work with suppliers that did not respond to Stratasys’ 2013 and/or 2014 survey to help them understand the importance of this initiative to Stratasys and to encourage their participation in 2015.

 

·                  Attempt to validate supplier responses using information collected via independent, conflict-free smelter validation programs such as the Conflict Free Sourcing Initiative  (CFSI) Conflict Free Smelter program to which we will provide financial support.

 

·                  Send follow up letters to high risk non-responsive suppliers, and to suppliers with Conflict Minerals from the Covered Countries from non-certified smelters.

 

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Annex 1

 

Names And Locations of Smelters and Refiners

 

Metal		Smelter or Refiner Name		Smelter or Refiner Country
Gold		Advanced Chemical Company		UNITED STATES
Gold		Aida Chemical Industries Co. Ltd.		JAPAN
Gold		Aktyubinsk Copper Company TOO		RUSSIAN FEDERATION
Gold		Allgemeine Gold-und Silberscheideanstalt A.G.		GERMANY
Gold		Almalyk Mining and Metallurgical Complex (AMMC)		UZBEKISTAN
Gold		AngloGold Ashanti Córrego do Sítio Minerção		BRAZIL
Gold		Argor-Heraeus SA		SWITZERLAND
Gold		Asahi Pretec Corporation		JAPAN
Gold		Asaka Riken Co Ltd		JAPAN
Gold		Atasay Kuyumculuk Sanayi Ve Ticaret A.S.		TURKEY
Gold		Aurubis AG		GERMANY
Gold		Bangko Sentral ng Pilipinas (Central Bank of the Philippines)		PHILIPPINES
Gold		Bauer Walser AG		GERMANY
Gold		Boliden AB		SWEDEN
Gold		C. Hafner GmbH + Co. KG		GERMANY
Gold		Caridad		MEXICO
Gold		Cendres & Métaux SA		SWITZERLAND
Gold		Central Bank of the DPR of Korea		KOREA, REPUBLIC OF
Gold		Chimet S.p.A.		ITALY
Gold		China National Gold Group Corporation		CHINA
Gold		Chugai Mining		JAPAN
Gold		Codelco		CHILE
Gold		Colt Refining		UNITED STATES
Gold		Compagnie Des Metaux Precieux Paris (may also contain letters CMP)		IVRY, FRANCE
Gold		Societe de Banque Suisse		FRANCE
Gold		CRM		BRAZIL
Gold		Comptoir-Lyon-Alemand, Louyot-Paris (with Affineur Fondeur within octagon)		NOISY LE SEC, FRANCE
Gold		Daejin Indus Co. Ltd		KOREA, REPUBLIC OF
Gold		DaeryongENC		KOREA, REPUBLIC OF
Gold		Daye Non-Ferrous Metals Mining Ltd.		CHINA
Gold		Do Sung Corporation		KOREA, REPUBLIC OF
Gold		Doduco		GERMANY

 

 

Gold		Dongguan Dongxu Metal Surface Handle Co.,Ltd		CHINA
Gold		Dowa		JAPAN
Gold		Dowa Kogyo k.k		JAPAN
Gold		Dowa Metals & Mining Co. Ltd		JAPAN
Gold		Eco-System Recycling Co., Ltd.		JAPAN
Gold		Engelhard (may also be Engelhard New Jersey-U.S.A. or Engelhard U.S.A.)		UNITED STATES
Gold		Engelhard Australia		THOMASTOWN, AUSTRALIA
Gold		Engelhard London		CHESSINGTON, ENGLAND
Gold		Ferro Corporation		UNITED STATES
Gold		Fidelity Printers and Refiners Ltd.		ZIMBABWE
Gold		FSE Novosibirsk Refinery		RUSSIAN FEDERATION
Gold		Gansu Seemine Material Hi-Tech Co Ltd		CHINA
Gold		Geiju Non-Ferrous Metal Processing Co. Ltd.		CHINA
Gold		Guangdong Jinding Gold Limited		CHINA
Gold		Guangdong MingFa Precious Metal Co.,Ltd		CHINA
Gold		Hangzhou Fuchunjiang Smelting Co., Ltd.		CHINA
Gold		Heimerle + Meule GmbH		GERMANY
Gold		Heraeus Ltd Hong Kong		HONG KONG
Gold		Heraeus Precious Metals GmbH & Co. KG		GERMANY
Gold		Hunan Chenzhou Mining Group Co., Ltd.		CHINA
Gold		Hwasung CJ Co. Ltd		KOREA, REPUBLIC OF
Gold		Inner Mongolia Qiankun Gold and Silver Refinery Share Company Limited		CHINA
Gold		Ishifuku Metal Industry Co., Ltd.		JAPAN
Gold		Istanbul Gold Refinery		TURKEY
Gold		Japan Mint		JAPAN
Gold		Jiangxi Copper Company Limited		CHINA
Gold		Johnson Matthey Inc		UNITED STATES
Gold		Johnson Matthey Ltd		CANADA
Gold		JSC Ekaterinburg Non-Ferrous Metal Processing Plant		RUSSIAN FEDERATION
Gold		JSC Uralectromed		RUSSIAN FEDERATION
Gold		JX Nippon Mining & Metals Co., Ltd.		JAPAN
Gold		Kazzinc Ltd		KAZAKHSTAN
GOLD		Kennecott Utah Copper LLC		UNITED STATES
Gold		KGHM Polska Miedź Spółka Akcyjna		POLAND
Gold		Kojima Chemicals Co. Ltd		JAPAN
Gold		Korea Metal Co. Ltd		KOREA, REPUBLIC OF
Gold		L’ azurde Company For Jewelry		SAUDI ARABIA
Gold		Lingbao Gold Company Limited		CHINA

 

 

Gold		Lingbao Jinyuan Tonghui Refinery Co. Ltd.		CHINA
Gold		LS-Nikko Copper Inc		KOREA, REPUBLIC OF
Gold		Luoyang Zijin Yinhui Metal Smelt Co Ltd		CHINA
Gold		Materion		UNITED STATES
Gold		Matsuda Sangyo Co. Ltd		JAPAN
Gold		Metalor Technologies (Hong Kong) Ltd		HONG KONG
Gold		Metalor Technologies (Singapore) Pte. Ltd.		SINGAPORE
Gold		Metalor Technologies SA		SWITZERLAND
Gold		METALOR® (with “MUS” assay mark)		UNITED STATES
Gold		Metalor USA Refining Corporation		UNITED STATES
Gold		Met-Mex Peñoles, S.A.		MEXICO
Gold		Mitsubishi Materials Corporation		JAPAN
Gold		Mitsui Mining and Smelting Co., Ltd.		JAPAN
Gold		Mmtc-Pamp India Pvt. Ltd		INDIA
Gold		Moscow Special Alloys Processing Plant		RUSSIAN FEDERATION
Gold		Hoboken 9999		BELGIUM
Gold		Nadir Metal Rafineri San. Ve Tic. A.?.		TURKEY
Gold		Navoi Mining and Metallurgical Combinat		UZBEKISTAN
Gold		Nihon Material Co. LTD		JAPAN
Gold		Ohio Precious Metals, LLC		UNITED STATES
Gold		Ohura Precious Metal Industry Co., Ltd		JAPAN
Gold		OJSC (The Gulidov Krasnoyarsk Non-Ferrous Metals Plant) (OJSC Krastvetmet)		RUSSIAN FEDERATION
Gold		OJSC Kolyma Refinery		RUSSIAN FEDERATION
Gold		Pamp SA		SWITZERLAND
Gold		Penglai Penggang Gold Industry Co Ltd		CHINA
Gold		Prioksky Plant of Non-Ferrous Metals		RUSSIAN FEDERATION
Gold		PT Aneka Tambang (Persero) Tbk		INDONESIA
Gold		PX Précinox SA		SWITZERLAND
Gold		Rand Refinery (Pty) Ltd		SOUTH AFRICA
Gold		Republic Metals Corporation		UNITED STATES
Gold		Royal Canadian Mint		CANADA
Gold		Sabin Metal Corp.		UNITED STATES
Gold		Samduck Precious Metals		KOREA, REPUBLIC OF
Gold		Samwon Metals Corp.		KOREA, REPUBLIC OF
Gold		Saxonia Edelmetallrecycling		GERMANY
Gold		Schone Edelmetaal		NETHERLANDS
Gold		SEMPSA Joyería Platería SA		SPAIN
Gold		The Refinery of Shandong Gold Mining Co. Ltd		CHINA
Gold		Shandong Zhaojin Gold & Silver Refinery Co. Ltd		CHINA

 

 

Gold		Shandong Zhaoyuan Gold Argentine refining company		CHINA
Gold		Sichuan Tianze Precious Metals Co., Ltd		CHINA
Gold		Singway Technology Co., Ltd.		TAIWAN
Gold		ABC		ALBANIA
Gold		Acade Noble Metal (Zhao Yuan) Corporation		CHINA
Gold		Academy Precious Metals (China) Co. LTD		CHINA
Gold		Accurate Refing Group		UNITED STATES
Gold		Advanced Chemical Company		UNITED STATES
Gold		AGR Mathey		AUSTRALIA
Gold		All of Au in China sources comes from (SGE) Shanghai Gold Exchange		CHINA
Gold		Anhui Tongling non-ferrous Pioneer Metals Corporation		CHINA
Gold		ANZ(Australia And New Zealand Banking Group), Western Australian Mint		AUSTRALIA
Gold		Asarco		UNITED STATES
Gold		ATAkulche		TURKEY
Gold		Auston powder		UNITED STATES
Gold		Avc Industrial Corp.		TAIWAN
Gold		Baiyin Nonferrous Group Co.,Ltd		CHINA
Gold		Bangkok Assay		THAILAND
Gold		Bank of Switzerland		SWITZERLAND
Gold		Beijing Irtouch Systems Co.,Ltd.		TAIWAN
Gold		C.Uyemura & CO,.LTD		JAPAN
Gold		Chalco Yunnan Copper Co. Ltd.		CHINA
Gold		Changcheng gold and silver refinery Co., Ltd.		CHINA
Gold		Changsanjiao Elc.		CHINA
Gold		Changzhou Chemical Research Institute Co. Ltd		CHINA
Gold		Chernan Technology co., ltd		TAIWAN
Gold		Chi Li Web Industry Co.,Ltd		TAIWAN
Gold		China Gold International Resources Corp. Ltd		CHINA
Gold		China Golddeal		CHINA
Gold		China Guangdong Hetai Mine Gold		CHINA
Gold		China Information Technology Expo		CHINA
Gold		China Sino-Platinum Metals Co.,Ltd		CHINA
Gold		China Tin Group Co., Ltd.		CHINA
Gold		China’s nonferrous mining group co., LTD		CHINA
Gold		China’s Shangdong Gold Mining Co.,Ltd,		CHINA
Gold		Chin-Leep Enterprise Co., Ltd.		TAIWAN
Gold		Chugai Mining Co.,Ltd		JAPAN
Gold		Cloud Hunan, Chenzhou Ore Smelts The Information of Contacting of Co., Ltd.		CHINA
Gold		Cochief Industrial Co., Ltd		TAIWAN

 

 

Gold		Companhia Real de Metais		BRAZIL
Gold		Cookson Sempsa		SPAIN
Gold		CS		SWITZERLAND
Gold		Daejin Indus Co., Ltd		KOREA, REPUBLIC OF
Gold		DaeryungENC		KOREA, REPUBLIC OF
Gold		Degussa Canada Ltd. (with 1/2 sun and 1/4 moon within diamond)		CANADA
Gold		Dongguan CameroonChemical Materials Co., Ltd		CHINA
Gold		Dong’guan Dong wu Violent-toxic Chemical		CHINA
Gold		Dongguan Standard Electronic Material.Co.,Ltd		CHINA
Gold		Dongguanshi Sutande Dianzi Cailiao Yoouxiange		CHINA
Gold		Dong-Wo Co., Ltd.		CHINA
Gold		Dosung metal		KOREA, REPUBLIC OF
Gold		Dowa Metanix Co.Ltd		JAPAN
Gold		Dr. Gold and Silver Refining Ltd.		CHINA
Gold		DUOXIN		CHINA
Gold		E-Chem Enterprise Corp		TAIWAN
Gold		Echememi Enterprise Corp. (Futures Exchange)		CHINA
Gold		EM Vinto		PERU
Gold		Empresa Metallurgica Vinto,Empressa Nacional de Fundiciones (ENAF),Complejo Metalurico Vinto S.A.		BOLIVIA
Gold		Engelhard (with circle connected to 1/2 moon to left of name; may also be Engelhard Industries Of Canada Ltd.)		CANADA
Gold		Enthone		UNITED STATES
Gold		ESG Edelmetallservice GmbH & Co. KG		GERMANY
Gold		Faggi Enrico Spa		ITALY
Gold		Feinhütte Halsbrücke GmbH		GERMANY
Gold		Foxconn corporation		TAIWAN
Gold		Futures Trading Chi PU Enterprise Co. Ltd E-Chem Enterprise		TAIWAN
Gold		Geib Refining Corporation		UNITED STATES
Gold		Gejiu Zili Mining&Smelting Co.Ltd		CHINA
Gold		Gold and Siver Refining Strokes Ltd.		CHINA
Gold		Gold Mining in Shandong (Laizhou) Limited Company		CHINA
Gold		Gold Trading Room		JAPAN
Gold		Guandong Jinding Material Co. Ltd.		CHINA
Gold		Guangdong grace billion Kate Fine Chemical Co., Ltd.		CHINA
Gold		Guangdong macro jin precious metal smelting plant		CHINA
Gold		Guangzhou Darling Industrial Co.,Ltd.		TAIWAN
Gold		GuangZHou Jin Ding		CHINA
Gold		Guangzhou King’s high-tech materials		CHINA
Gold		Guoda Safina High-Tech.Environmental Refinery Co.,Ltd		CHINA
Gold		Gwo Chern industrial Co., Ltd.		TAIWAN
Gold		H. Drijfhout & Zoon-Amsterdam-Melters (within octagon)		NETHERLANDS

 

 

Gold		Hang Technology R & D Co., Ltd. Sanmenxia		CHINA
Gold		Harima Smelter		JAPAN
Gold		Harmony Gold Mining Co.		SOUTH AFRICA
Gold		Heesung		CHILE
Gold		Heesung Catalysts Corp.		KOREA, REPUBLIC OF
Gold		Heesung Metal Ltd		AUSTRALIA
Gold		Heesung Metal Ltd.		KOREA, REPUBLIC OF
Gold		Henan Zhongyuan Refinery & Henan San Men Xia		CHINA
Gold		Henan Middle Plain Gold Smelt		CHINA
Gold		Henan Province in Gold Investment Management Ltd.		CHINA
Gold		Henan Province Sanmenxia City Gold Smelter		CHINA
Gold		Henan Sanmenxia Lingbao City Jinyuan Mining Industry Co., Ltd.		CHINA
Gold		Henan Zhongyuan Gold Smelter Co., Ltd.		CHINA
Gold		Heraeus (Zhaoyuan) Precious Metal Materials Co., Ltd.		CHINA
Gold		Heraeus Feingold (with capital letter “E” preceding serial number)		UNITED STATES
Gold		Heraeus Group		UNITED STATES
Gold		Heraeus Ltd. Heraeus Technology		HONG KONG
Gold		Heraeus Material Technology		CHINA
Gold		Heraeus Precious Metals North America		UNITED STATES
Gold		Heraeus Trading		UNITED STATES
Gold		Heraeus USA		UNITED STATES
Gold		Heraeus Zhaoyuan ( Changshu ) Electronic Materials Co., Ltd.		CHINA
Gold		Heraeus Zhaoyuan Precious Metal Materials Co., Ltd.		CHINA
Gold		HH Handy & Harman Refining Group		UNITED STATES
Gold		Hishikari Gold Mine (Isa)		JAPAN
Gold		HMG		GERMANY
Gold		Homestake Mining Company (with HMC all within circle)		UNITED STATES
Gold		Hon Hai		TAIWAN
Gold		Hon Shen Co., Ltd.		TAIWAN
Gold		Honorable Hardware Craft Product Limited Company		CHINA
Gold		Huizhou City Xiong Tai Solder Products Co., Ltd.		CHINA
Gold		ICBC		CHINA
Gold		Island Gold Refinery		CHINA
Gold		Jaancheng Enterprise Co., Ltd		TAIWAN
Gold		Japan Pure Chemical		JAPAN
Gold		Johnson Mattehey		UNITED STATES
Gold		Jia Lung Corp		TAIWAN
Gold		Jiangsu Sue large special chemical reagent Co., LTD		CHINA
Gold		Jin Dong Heng		CHINA
Gold		Jin Jinyin refining limited		CHINA
Gold		JinBao Electronic Co.,Ltd.		CHINA

 

 

Gold		Jinfeng Gold Mine Smelter		CHINA
Gold		Jing Cheng electronics Co., Ltd		TAIWAN
Gold		Jinlong Copper Co., Ltd		CHINA
Gold		JMTouch Corp., Ltd.		TAIWAN
Gold		Johnson Mathey		USA
Gold		Johnson Matthey & Mallory-Canada (within an oval)		CANADA
Gold		Johnson Matthey & Pauwels (within an oval)		BELGIUM
Gold		Johnson Matthey Hong Kong Ltd.		CHINA
Gold		Johnson Matthey Limited Australia		AUSTRALIA
Gold		Johnson Matthey London (within an oval)		UNITED KINGDOM
Gold		JSC “Aurat”		RUSSIAN FEDERATION
Gold		JTJ Technology Co., Ltd.		TAIWAN
Gold		Kahanna Traders & Engineers		INDIA
Gold		Kanfort Industrial (Yantai) Co. Ltd. China		CHINA
Gold		Kangqiang Electronics Co., Ltd		CHINA
Gold		Kosak Seiren		JAPAN
Gold		Kuan Shuo Ind. Co., Ltd.		TAIWAN
Gold		Kunshan Jinli Chemical Industry Reagents Co. Ltd		CHINA
Gold		La Caridad Mine		MEXICO
Gold		LBMA		GERMANY
Gold		LBMA		JAPAN
Gold		LG-Nikko		KOREA, REPUBLIC OF
Gold		Lian Xing Plating Factory		CHINA
Gold		Lifu Precious Metals Company Limited		CHINA
Gold		Linxens		FRANCE
Gold		London Bullion Market Association		UNITED KINGDOM
Gold		Long Chin Electronic(Shen Zhen) Co., Ltd		CHINA
Gold		Malaysia Smelting Corporation Berhad		MALAYSIA
Gold		Matthey Garrett Pty. Sydney Refiners (within an oval)		AUSTRALIA
Gold		Metalli Preziosi S.p.A. Milano-Affinazione (with MP within a circle)		ITALY
Gold		Metallic Resources Inc		UNITED STATES
Gold		Metallo Chimique		BELGIUM
Gold		Metallurgie Hoboken Overpelt		BELGIUM
Gold		Metalor		SWITZERLAND
Gold		Metalor - North attleboro/ME		UNITED STATES
Gold		Metalor Coatings ( Taiwan )Corporation		TAIWAN
Gold		Metalor France		FRANCE
Gold		Metalor Germany		GERMANY
Gold		Metalor Technologies (HK)		HONG KONG
Gold		Metalor Technologies (Suzhou) Ltd.		CHINA
Gold		Metalor Technologies (Sweden) AB		SWEDEN

 

 

Gold		Metalor Technologies Japan		JAPAN
Gold		Metalor, Shanghai		CHINA
Gold		Metaux Precieux SA Metalor Swiss Bank Corporation		SWITZERLAND
Gold		Mineracao Taboca S.A.		BRAZIL
Gold		Minsur		PERU
Gold		Mitsu & Co. Precious Metals Inc.		HONG KONG
Gold		Mitsui kinzoku Co Ltd Takehara Seirenjyo		JAPAN
Gold		MK electron		KOREA, REPUBLIC OF
Gold		Morigin Company		JAPAN
Gold		Morris and Watson		NEW ZEALAND
Gold		N.E. Chemcat Corporation		JAPAN
Gold		N.V. Union Miniere s.a. — Business Unit Hoboken Hoboken 9999		BELGIUM
Gold		Nanchang Cemeted Carbide Limited Liability Company		CHINA
Gold		Nanchuangshenghua Non-Ferrous Meatal Alloy Factory		CHINA
Gold		Nathan Silver		JAPAN
Gold		Nathan Trotter & Co., Inc		UNITED STATES
Gold		Natsuda Sangyo Co., Ltd		JAPAN
Gold		Neomax Hitachi		JAPAN
Gold		Nihon Material Co.,Ltd		JAPAN
Gold		Niihama Nickel Refinery		JAPAN
Gold		Ningbo Kangqiang		CHINA
Gold		Nippon Micrometal Corporation		JAPAN
Gold		Nippon Mining & Metals		JAPAN
Gold		Nittetsu Mining		JAPAN
Gold		Norddeutsche Affinerie Hamburg		GERMANY
Gold		OMG		SINGAPORE
Gold		Onation Corporation		TAIWAN
Gold		Orelec		FRANCE
Gold		Palm Technology Co., Ltd		TAIWAN
Gold		Pan Pacific Copper Co. Ltd		JAPAN
Gold		Perth Mint		AUSTRALIA
Gold		Ping-Yi Electroinics Co.,Ltd		TAIWAN
Gold		PJ-USA		AMERICAN SAMOA
Gold		PM Sales Inc.		UNITED STATES
Gold		Pogo Gold Mining		UNITED STATES
Gold		Precious Metal Sales Corp.		UNITED STATES
Gold		Public security bureau		CHINA
Gold		PYNMAX		TAIWAN
Gold		Rand Refinery Ltd. South Africa (encircling picture of springbok)		SOUTH AFRICA
Gold		Realized the enterprise co., ltd.		CHINA
Gold		Remondis Argentia B.V.		NETHERLANDS

 

 

Gold		Rohm & Haas Elec. Materials		SINGAPORE
Gold		Rui Sheng		INDONESIA
Gold		Samdok Metal		KOREA, REPUBLIC OF
Gold		Sandong Zhao Jin Bullion Refinery Ltd.		CHINA
Gold		Sanmenxia Hengsheng Science And Technology R&D Co.,Ltd		CHINA
Gold		Sanmenxia Lingbao Jinyuan Mining Co., Ltd.		CHINA
Gold		Schoot		GERMANY
Gold		Scotia Mocatta		HONG KONG
Gold		ScotiaMocatta, The Bank of Nova Scotia		UNITED STATES
Gold		SD (Samdok) Metal		KOREA, REPUBLIC OF
Gold		Sen Silver		JAPAN
Gold		Senju Metal Industry Co. Ltd		JAPAN
Gold		Sewon Korea		KOREA, REPUBLIC OF
Gold		SGE (Shanghai Gold exchange) - Gold transaction authorities in China		CHINA
Gold		Shandong zhaojin gold		CHINA
Gold		Shandong Gold Mining Co.,Ltd		CHINA
Gold		Shandong Guoda gold Co., LTD.		CHINA
Gold		ShanDong Huangjin		CHINA
Gold		Shandong Jin Jinyin Refining Limited		CHINA
Gold		Shandong Jun Mai Fu		CHINA
Gold		Shandong penglai gold smelter		CHINA
Gold		Shandong Tarzan Bio-Gold Industry Co., Ltd.		CHINA
Gold		Shandong Tiancheng Biological Gold Industrial Co. Ltd.		CHINA
Gold		Shandong Zhaojinlifu		CHINA
Gold		Shang Hai Gold Trader		CHINA
Gold		Shangdong Taishan Steal Group		CHINA
Gold		Shangdong Zhaoyuanzhaojin Company		CHINA
Gold		Shanghai Gold Exchange		CHINA
Gold		Shen-Tung Technol Co, Ltd		TAIWAN
Gold		Shenzhen Baoan District Public Security Bureau		CHINA
Gold		Shenzhen Chemicals & Light Industry Co., Ltd.		CHINA
Gold		ShenZhen Funjun Material Technology Co. Ltd		CHINA
Gold		Shenzhen Heng Zhong Industry Co. Ltd		CHINA
Gold		Shenzhen Lianfeng Hardware Plastic Co.,Ltd-Tianliang Plating Factory		CHINA
Gold		ShenZhen Thousand Island Ltd.		CHINA
Gold		Shenzhen Tiancheng Chemical Industry Limited Company		CHINA
Gold		ShenZhen Urban Public Bureau of China		CHINA
Gold		Shenzhen Zhengtiianwei Techndlogzes.Co.Limited		CHINA
Gold		Shinko Electric Industries Co. Ltd.		JAPAN
Gold		SKE (China) Shanghai Kyocera Electronics Co.		CHINA
Gold		SMM, Toyo Smelter & Refinery		JAPAN

 

 

Gold		Sojitz		JAPAN
Gold		Solartech		CHINA
Gold		Souzhou XingRui Noble		CHINA
Gold		Standard Bank		HONG KONG
Gold		Stender Electronic Materials Co., Ltd.		CHINA
Gold		Strain DS Force Shop		JAPAN
Gold		Sumisho Materials Corp.		JAPAN
Gold		Sung-Hsing Enterprise Co.,Ltd		TAIWAN
Gold		Super Dragon Technology Co., Ltd.		TAIWAN
Gold		Suzhou HuaFu precious metals manufacturing Co., LTD		CHINA
Gold		Suzhou Industrial Park in China		CHINA
Gold		Suzhou Xingrui Noble Metal Material Co. Ltd		CHINA
Gold		Suzuki Kikinzoku Kako K.K.		JAPAN
Gold		Taizhou Chang San Jiao Electric Company		CHINA
Gold		Tai’zhou City Yangtze River Delta Electron Ltd.		CHINA
Gold		Taizhou Delta Electronics Co., Ltd.		CHINA
Gold		Talcang City Nankang Metal Materila Co., Ltd		CHINA
Gold		Tanaka Denshi Kogyo K.K		JAPAN
Gold		Tanaka Electronics		CHINA
Gold		Tanaka Kikinzoku Hanbai K.K.		JAPAN
Gold		Technic Inc		UNITED STATES
Gold		Thaisarco		THAILAND
Gold		The bank of Nova Scotia		HONG KONG
Gold		The Gold Smelter of Guangdong, Gao Yao He Tai Gold Mining		CHINA
Gold		The Hutti Gold Company		INDIA
Gold		The Sheffield Smelting Co. Ltd. - London & Sheffield		UNITED KINGDOM
Gold		Tiancheng Chemical		CHINA
Gold		Tokumoto Honten		JAPAN
Gold		Tong Ling Jin Dian electrical technology Co. Ltd.		CHINA
Gold		Toyo Smelter & Refinery of Sumitomo Metal Mining Co., Ltd.		JAPAN
Gold		UBS AG Bahnhofstr.		SWITZERLAND
Gold		Umicore Galvanotechnik GmbH		GERMANY
Gold		Uniforce Metal Industrial Corp.		HONG KONG
Gold		Uyemura		UNITED STATES
Gold		W.C. Heraeus GMBH		GERMANY
Gold		Wah Yi Microelectronic Technology (Shenzhen) Co., Ltd.		CHINA
Gold		WAM Technologies Taiwan Co.,Ltd.,		TAIWAN
Gold		Wieland Metals Shanghai Ltd.		CHINA
Gold		Williams Bufalo		UNITED STATES
Gold		Williams Gold Refining Co Inc		UNITED STATES
Gold		Wuxi Middle Treasures Materials		CHINA

 

 

Gold		Xiamen Golden Egret Special Alloy Co. Ltd.		CHINA
Gold		Xin Chio Global Co., Ltd		TAIWAN
Gold		Xstrata Canada Corporation CCR Refinery		CANADA
Gold		Yantai carried LiFu precious metals co., Ltd		CHINA
Gold		Yantai Guodasafina High-Tech Environmental Refinery Co. Ltd.		CHINA
Gold		Yantai Kanford Metal Limited		CHINA
Gold		Yantai the country large Safina high-tech environmental Refinery Co. Ltd.		CHINA
Gold		Yantai to Zhaojin Mai Fu- Precious Metals Limited		CHINA
Gold		Yantai Zhaojin Kanfort Precious Metals Co. Ltd.		CHINA
Gold		Yantai Zhaojin Lai Fuk Precious Metals Ltd		CHINA
Gold		Yantai Zhaojin Lifu Precious Metals Co.,Ltd		CHINA
Gold		Yantai Zhaojin Precious Metal Meterials Company		CHINA
Gold		Yantai Zhaojinlifu Expensive Metal Co. LTD		CHINA
Gold		Yoo Chang Metal		KOREA, REPUBLIC OF
Gold		Yoo Chang Metal Industries Co Ltd.		CHILE
Gold		Yueqing Chemical & Light Industry & Building Materials Co., Ltd.		CHINA
Gold		Yuh-Cheng Material Corporation		TAIWAN (R.O.C.)
Gold		Yunnan Metallurgical Group Co., Ltd		CHINA
Gold		Yunnan Tin Company Limited		CHINA
Gold		Zhanojin refining		CHINA
Gold		Zhao yuan gold smelter of ZhongJin gold corporation		CHINA
Gold		Zhao Yuan Jin Kuang		CHINA
Gold		Zhaojin Gold & Silver Refinery Co.,Ltd		CHINA
Gold		Zhaojin Group&Gold Mineral China Co., Ltd.		CHINA
Gold		Zhaojin Kanfort Precious Metals Incorporated Company		CHINA
Gold		Zhaojin Lai Fuk		CHINA
Gold		Zhaojin Mining Industry Co., Ltd.		CHINA
Gold		Zhaoyuan Gold mine		CHINA
Gold		Zhaoyuan gold smelting co., LTD		CHINA
Gold		Zhapjin Mining Industry Co. Ltd		CHINA
Gold		Zhe Jiang Guang Yuan Noble Metal Smelting Factory		CHINA
Gold		Zhejiang Hexing Electroplating Company		CHINA
Gold		Zhejiang Suijian		CHINA
Gold		Zhongkuang Gold Industry Limited Company		CHINA
Gold		Zhongshan poison material monopoly company		CHINA
Gold		Zhongshan Public Security Bureau		CHINA
Gold		Zijin Kuang Ye Refinery		CHINA
Gold		Zijin Mining Industry Corporation (Shanghang) gold smelting Plant		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		STPI Group		FRANCE
Gold		Sumitomo Metal Mining Co. Ltd.		JAPAN
Gold		Tanaka Kikinzoku Kogyo K.K		JAPAN
Gold		The Great Wall Gold and Silver Refinery of China		CHINA
Gold		The Refinery of Shandong Gold Mining Co.. Ltd		CHINA
Gold		Tokuriki Honten Co., Ltd		JAPAN
Gold		Tongling Nonferrous Metal Group Co. Ltd		CHINA
Gold		Torecom		KOREA, REPUBLIC OF
Gold		Degussa Feingold (with 1/2 sun and 1/4 moon within diamond)		HANAU, GERMANY
Gold		Umicore Brasil Ltda		BRAZIL
Gold		Umicore Precious Metals Thailand		THAILAND
Gold		Umicore Precious Metal Refining		UNITED STATES
Gold		Umicore SA Business Unit Precious Metals Refining		BELGIUM
Gold		United Precious Metal Refining, Inc.		UNITED STATES
Gold		DRW		CARTERET, NJ
Gold		Valcambi SA		SWITZERLAND
Gold		W.C. Heraeus GmbH		CANADA
Gold		Western Australian Mint trading as The Perth Mint		AUSTRALIA
Gold		CCR Refinery — Glencore Canada Corporation		CANADA
Gold		Yamamoto Precious Metal Co., Ltd.		JAPAN
Gold		Yokohama Metal Co Ltd		JAPAN
Gold		Yunnan Copper Industry Co Ltd		CHINA
Gold		Zhongyuan Gold Smelter of Zhongjin Gold Corporation		CHINA
Gold		Zijin Mining Group Co. Ltd		CHINA
Tantalum		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		UNITED STATES
Tantalum		Global Advanced Metals Aizu		JAPAN
Tantalum		Global Advanced Metals Boyertown		UNITED STATES
Tantalum		Guangdong Zhiyuan New Material Co., Ltd.		CHINA
Tantalum		Guizhou Zhenhua Xinyun Technology Ltd., Kaili Branch		CHINA
Tantalum		H.C. Starck Co., Ltd.		THAILAND
Tantalum		H.C. Starck GmbH Goslar		GERMANY
Tantalum		H.C. Starck GmbH Laufenburg		GERMANY
Tantalum		H.C. Starck GmbH		GERMANY