Item 2. Properties
Item 2.
Properties.
Our principal facility is our corporate headquarters, located in College Park, Maryland, where we lease approximately 32,000 square feet of space from the University of Maryland under an agreement that expires in 2030. Most of the facility is used for research and development and corporate functions. We also signed a lease for approximately 65,000 square feet of space in Bothell, Washington under an agreement that commenced in 2023 and expires in 2030. Most of the facility will be used for manufacturing in addition to general office space. We believe that our facilities are sufficient to meet our current needs and we will be able to obtain additional space as needed under commercially reasonable terms.
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