Specialized Disclosure Report (sd)
June 01 2021 - 8:55AM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
Specialized
Disclosure Report
Mechanical Technology, Incorporated
(Exact name of registrant as
specified in its charter)
Nevada
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001-40261
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14-1462255
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(State or other jurisdiction of
incorporation or
organization)
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(Commission File Number)
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(IRS Employer
Identification No.)
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325 Washington Avenue Extension, Albany, NY
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12205
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(Address of principal executive offices)
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(Zip Code)
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John Flynn
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(518) 218-2550
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(Name and telephone number, including area
code, of the person to contact in connection with this report.)
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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, 2020.
Section 1 - Conflict
Minerals Disclosure
Item 1.01 Conflict
Minerals Disclosure and Report
This Form SD of Mechanical Technology, Incorporated is
filed pursuant to Rule 13p-1 promulgated under the Securities Exchange Act of
1934, as amended, for the reporting period January 1, 2020 to December 31, 2020.
This Form SD has been prepared by management of Mechanical Technology,
Incorporated (also referred to herein as "MTI," the "Company," "we," "us," or "our").
The information included in this Form SD includes the activities of our
wholly-owned subsidiary, MTI Instruments, Inc. (MTI Instruments or MTII).
A
copy of this Form SD is publicly available on our website at: http://www.mechtech.com
under "Investors - SEC Filings."
Rule 13p-1 requires disclosure of certain information when
a company manufactures or contracts to manufacture products for which the minerals
specified in the Rule are necessary to the functionality or production of those
products. The specified minerals are gold, columbite-tantalite (coltan),
cassiterite, and wolframite, including their derivatives, which are limited to tantalum,
tin and tungsten (the "Conflict Minerals"). The "Covered Countries" for the purposes
of Rule 13p-1 are the Democratic Republic of the Congo and adjoining countries.
Certain of the Company's operations manufacture, or contract to manufacture, products
for which the Conflict Minerals are necessary to the functionality or production
of those products. The Company evaluated its current product lines and has conducted
in good faith a reasonable country of origin inquiry ("RCOI") regarding the Conflict Minerals. This RCOI was
reasonably designed to determine whether any of the Conflict Minerals originated
in the Covered Countries and whether any of the Conflict Minerals may be from recycled
or scrap sources.
For these purposes, we classify MTI Instruments'
product lines into the following categories: MTII Parts and Catalog Parts.
MTII Parts
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Parts
designed by or specifically for MTI Instruments. These are parts that MTI
Instruments "contracts to manufacture" and, therefore, over which MTI Instruments
has influence in the manufacturing of. An example of an MTII Part would be a
machined part for an instrument or sensor.
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Catalog Parts
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Parts not
designed by or specifically for MTI Instruments. These are parts over which MTI
Instruments has no influence in the manufacturing of. An example of a Catalog
Part would be electronic components used in MTII products that are purchased from
distributors.
|
Based upon the Company's internal assessment, only the
MTII Parts were considered for purposes of the RCOI.
In 2020, the Company
contracted for the manufacture of products containing Conflict Minerals but did
not directly manufacture products containing Conflict Minerals. The Company is
therefore several levels removed from the actual mining of Conflict Minerals. The
Company does not purchase raw or unrefined Conflict Minerals or make purchases
from entities located in the Covered Countries. Because of this, as well as the
breadth and complexity of our products and the constant evolution of our supply
chain, it is difficult to identify actors downstream from our direct suppliers.
Therefore, our efforts to determine
the facilities used in the production of the conflict minerals, their country
of origin, and the mine or location of origin of the Conflict Minerals was
limited to the information that we obtained from our suppliers during our RCOI,
as described below.
We identified direct suppliers
for our MTII Parts. Of these suppliers, six manufactured parts containing Conflict
Minerals that we purchased for use in our products during 2020, and therefore were
within the scope of our RCOI. We contacted these suppliers and asked them to
return to us a completed Responsible Minerals Initiative's ("RMI") Conflict
Minerals Reporting Template (the "Conflict Minerals Template"). The Conflict
Minerals Template was designed for downstream companies to disclose information
about their product supply chain. It includes questions regarding a company's minerals
sourcing policy, engagement with its direct suppliers, the origin of Conflict
Minerals included in its products, and supplier due diligence, as well as a template
for listing the smelters the company and its suppliers use. Five of these six suppliers
responded and provided to us a completed Conflict Minerals Template. We
followed up with the last supplier and were unable to receive a timely response
back. We evaluated each such completed Conflict Minerals Template and, to the
extent possible, validated the information set forth therein to determine its
sufficiency, accuracy, and completeness. We have relied on these suppliers'
responses to provide us with information about the source of Conflict Minerals
contained in the components they supplied to us. We understand that our direct
suppliers are similarly reliant upon information provided by their suppliers.
For each supplier
response, we also assessed whether the Conflict Minerals identified were
consistent with the nature and characteristics of the supplied part.
We used RMI's Responsible
Minerals Assurance Process ("RMAP") and traced back the origin of our Conflict
Minerals by identifying smelters, refineries, or recyclers and scrap supplier
sources, when available. The RMAP program uses an independent third-party
assessment of smelter/refiner management systems and sourcing practices to
validate conformance with RMAP standards. The assessment employs a risk-based
approach to validate smelters' company-level management processes for
responsible mineral procurement. Given that not all of the smelters our
suppliers identified in their responses were on the RMAP list, that some of our
suppliers are unable to determine the origin of our necessary Conflict Minerals,
and that one of our suppliers did not respond to our request in this regard at
all, we concluded that we did not have sufficient reason to believe that all Conflict
Minerals in our supply chain did not originate in a Covered Country or were
from recycled or scrap sources.
Further, because some of our suppliers are unable to
determine the origin of our necessary Conflict Minerals, the Company is not able
to determine all the facilities used to process them, the country or origin, or
the mine or location of origin; the ones we were able to identify are listed
below:
Metal
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Smelter
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Country
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Gold
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Advanced
Chemical Company*
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United
States of America
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Gold
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Allgemeine
Gold-und Silberscheideanstalt A.G.*
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Germany
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Tin
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Alpha
Metals*
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United
States of America
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Gold
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AngloGold
Ashanti Corrego do Sitio Mineracao*
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Brazil
|
Gold
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Argor-Heraeus
S.A.*
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Switzerland
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Gold
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Asahi
Refining Canada Ltd.*
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Canada
|
Gold
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Asahi
Refining USA Inc.*
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United
States of America
|
Gold
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Aurubis
AG*
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Germany
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Gold
|
Bangko
Sentral ng Pilipinas (Central Bank of the Philippines)*
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Philippines
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Gold
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Boliden
AB*
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Sweden
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Gold
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C.
Hafner GmbH + Co. KG*
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Germany
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Gold
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CCR
Refinery - Glencore Canada Corporation*
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Canada
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Tin
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Chifeng
Dajingzi Tin Industry Co., Ltd.*
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China
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Gold
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Chimet
S.p.A.*
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Italy
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Tin
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China
Tin Group Co., Ltd.*
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China
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Tin
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Cookson*
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United
States of America
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Tin
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CV
Ayi Jaya
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Indonesia
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Tin
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CV
United Smelting
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Indonesia
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Tin
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CV
Venus Inti Perkasa
|
Indonesia
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Gold
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Dowa*
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Japan
|
Tin
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EM
Vinto*
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Bolivia
(Plurinational State Of)
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Tin
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Fenix
Metals*
|
Poland
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Gold
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Geib
Refining Corporation*
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United
States of America
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Tin
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Gejiu
Non-Ferrous Metal Processing Co., Ltd.*
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China
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Tin
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Gejiu
Yunxin Nonferrous Electrolysis Co., Ltd.*
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China
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Tin
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Guangdong
Hanhe Non-Ferrous Metal Co., Ltd.*
|
China
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Gold
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Guangdong
Jinding Gold Limited
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China
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Gold
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Heimerle
+ Meule GmbH*
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Germany
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Gold
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Heraeus
Ltd. Hong Kong*
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China
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Gold
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Heraeus
Metals Hong Kong Ltd.*
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China
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Gold
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Heraeus
Precious Metals GmbH & Co. KG
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Germany
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Tin
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Huichang
Jinshunda Tin Co., Ltd.*
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China
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Gold
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Istanbul
Gold Refinery*
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Turkey
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Gold
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Kennecott
Utah Copper LLC*
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United
States of America
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Tin
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Magnu's
Minerais Metais e Ligas Ltda.*
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Brazil
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Tin
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Malaysia
Smelting Corporation (MSC)*
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Malaysia
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Tin
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Metallic
Resources, Inc.*
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United
States of America
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Tin
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Metallo
Belgium N.V.*
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Belgium
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Gold
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Metalor
Technologies (Hong Kong) Ltd.*
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China
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Gold
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Metalor
Technologies (Singapore) Pte., Ltd.*
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Singapore
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Gold
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Metalor
Technologies (Suzhou) Ltd.*
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China
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Gold
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Metalor
Technologies S.A.*
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Switzerland
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Gold
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Metalor
USA Refining Corporation*
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United
States of America
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Gold
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Metalurgica
Met-Mex Penoles S.A. De C.V.*
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Mexico
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Gold
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Metalúrgica
Met-Mex Peñoles, S.A. de C.V*
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Mexico
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Tin
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Mineracao
Taboca S.A.*
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Brazil
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Tin
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Minsur*
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Peru
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Tin
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Mitsubishi
Materials Corporation*
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Japan
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Tin
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O.M.
Manufacturing (Thailand) Co., Ltd.*
|
Thailand
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Tin
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Operaciones
Metalurgicas S.A.*
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Bolivia
(Plurinational State Of)
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Gold
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PAMP
S.A.*
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Switzerland
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Tin
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PT
Aries Kencana Sejahtera
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Indonesia
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Tin
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PT
Artha Cipta Langgeng*
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Indonesia
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Tin
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PT
Bangka Prima Tin
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Indonesia
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Tin
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PT
Bangka Serumpun*
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Indonesia
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Tin
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PT
Bangka Tin Industry
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Indonesia
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Tin
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PT
Belitung Industri Sejahtera
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Indonesia
|
Tin
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PT
Bukit Timah
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Indonesia
|
Tin
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PT
DS Jaya Abadi
|
Indonesia
|
Tin
|
PT
Inti Stania Prima
|
Indonesia
|
Tin
|
PT
Menara Cipta Mulia*
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Indonesia
|
Tin
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PT
Mitra Stania Prima*
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Indonesia
|
Tin
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PT
Panca Mega Persada
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Indonesia
|
Tin
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PT
Refined Bangka Tin*
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Indonesia
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Tin
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PT
Sariwiguna Binasentosa
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Indonesia
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Tin
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PT
Stanindo Inti Perkasa*
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Indonesia
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Tin
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PT
Sukses Inti Makmur
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Indonesia
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Tin
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PT
Timah Tbk Mentok*
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Indonesia
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Tin
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PT
Tinindo Inter Nusa*
|
Indonesia
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Gold
|
Rand
Refinery (Pty) Ltd.*
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South
Africa
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Gold
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Royal
Canadian Mint*
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Canada
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Tin
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Rui
Da Hung*
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Taiwan,
Province of China
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Gold
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Shandong
Zhaojin Gold & Silver Refinery Co., Ltd.*
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China
|
Gold
|
Solar
Applied Materials Technology Corp.*
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Taiwan,
Province of China
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Gold
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Tanaka
Kikinzoku Kogyo K.K.*
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Japan
|
Tin
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Thaisarco*
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Thailand
|
Gold
|
The
Refinery of Shandong Gold Mining Co., Ltd.*
|
China
|
Gold
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Umicore
Brasil Ltda.
|
Brazil
|
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
|
Tin
|
White
Solder Metalurgia e Mineracao Ltda.*
|
Brazil
|
Tin
|
Yunnan
Chengfeng Non-ferrous Metals Co., Ltd.*
|
China
|
Tin
|
Yunnan
Tin Company Limited*
|
China
|
Gold
|
Zhongyuan
Gold Smelter of Zhongjin Gold Corporation*
|
China
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* Currently identified as a conflict-free smelter by RMI.
Item 1.02 Exhibit
Consistent with the Public
Statement issued on April 7, 2017, by the staff of the Division of
Corporation Finance of the U.S. Securities and Exchange Commission entitled
"Updated Statement on the Effect of the Court of Appeals Decision on the
Conflict Minerals Rule," the Company is not filing the Conflict Minerals Report
otherwise required by Item 1.01(c) of Form SD.
Section 2 - Exhibits
Item 2.01 Exhibits
None.
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.
Mechanical Technology, Incorporated
(Registrant)
By:/s/ Jessica L. Thomas
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June
1, 2021
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Jessica L. Thomas, Chief Financial Officer
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(Date)
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(Signature and Title)
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