−Removed: Our corporate headquarters are located in Herziliya Pituach, Israel, in an office consisting of approximately 56,000 square feet of office, testing and product design space.
−Removed: We have a ten-year lease on our corporate headquarters, which expires on December 31, 2024.
−Removed: In addition to our corporate headquarters, we lease approximately 27,000 square feet of general office space in Fremont, California, under a lease that will expire on March 31, 2020.
−Removed: We also lease sales and support office space in China, Germany, Netherlands, Italy, France, Australia, UK, Japan, and Bulgaria.
−Removed: We outsource all manufacturing to manufacturing partners, and currently do not own or lease any manufacturing facilities.
+Added: Our corporate headquarters are located in Herzliya Pituach, Israel.
+Added: Leased Offices and R&D Laboratories
+Added: As of December 31, 2020, we lease office, testing, and product design facilities in Israel.
+Added: In addition to our leased properties in Israel, we lease offices and lab facilities in California, Germany, Netherlands, Italy, France, Australia, UK, Japan, Turkey, Romania, India, Bulgaria, Belgium, Taiwan, Korea and China as well as an R&D and call center in Bulgaria.
+Added: Manufacturing
+Added: We outsource most of our manufacturing to our manufacturing partners.
+Added: We have our own manufacturing facility, Sella 1, in the North of Israel.
+Added: We also have a factory in which we manufacture lithium-ion batteries for Kokam’s operations, our Korean subsidiary, and have begun construction of Sella 2, our second lithium-ion cell and battery factory in Korea.
+Added: Owned Properties
+Added: In addition to our leased properties, we also own manufacturing facilities in Italy, office and manufacturing facilities in South Korea, and an office space in the U.K.
+Added: Additionally, in March of 2020, we purchased land in South Korea for the construction of an additional manufacturing facility for lithium-ion cells and batteries.
We believe that our existing properties are in good condition and are sufficient and suitable for the conduct of our business for the foreseeable future.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.