Item 2. Properties
Item 2. Properties
Our corporate headquarters are currently located in San Jose, California. We lease approximately 55,000 square feet of office, research and development, production and manufacturing, and laboratory space in San Jose and Milpitas, California and San Antonio, Texas, pursuant to service agreements with ICL, a related party. The lease for the San Jose facility has a twelve month term that renews automatically on January 1st of each year for a successive twelve month period, subject to termination by either party upon a six months notice. Our lease for the Milpitas facility expires in February 2024. We have the option to renew the lease for one additional term of twelve months, subject to approval by ICL upon a nine months’ notice of renewal prior to the end of the lease term. Our San Antonio lease will continue until terminated by either party upon six months’ notice. If required, we believe that suitable additional or alternative space would be available in the future on commercially reasonable terms.
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