−Removed: Our corporate headquarters are located in Herzliya Pituach, Israel.
+Added: Our corporate headquarters are located in Herziliya Pituach, Israel.
Leased Offices and R&D Laboratories
As of December 31, 2021, we lease office, testing, and product design facilities in Israel.
−Removed: 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: In May, 2021, we signed a long-term lease agreement for the development of a 38,000 square meter campus, to be built on 16.5 acres of land, in the central area of Israel.
+Added: The campus, which is scheduled to be completed in the first half of 2025, will replace our current headquarters in Herziliya, Israel.
+Added: In addition to our leased properties in Israel, we lease offices and lab facilities in California, Nevada, Germany, Netherlands, Italy, France, Australia, UK, Japan, Turkey, India, Bulgaria, Belgium, Taiwan, Korea and China as well as an R&D and call center in Bulgaria.
Manufacturing
1 unchanged sentence
We have our own manufacturing facility, Sella 1, in the North of Israel.
−Removed: 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: 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: For our e-Mobility division, we have manufacturing facilities in Umbria, Italy for the assembly of batteries and other components for light commercial vehicles.
Owned Properties
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.
−Removed: 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.
+Added: Additionally, we own land in South Korea on which we are building Sella 2, our second lithium-ion cell and battery factory in Korea.
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.
1 unchanged sentence
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.