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The campus, which is scheduled to be completed in by the end of 2026, will replace our current headquarters in Herziliya, Israel.
−Removed: In addition to our leased properties in Israel, we lease offices and lab facilities in California, Nevada, Germany, Netherlands, Italy, France, Australia, UK, Japan, India, Bulgaria, Belgium, Taiwan, Korea, Brazil, Spain, Sweden, Vietnam and Poland.
+Added: In November 2025, we amended our agreement with Azrieli Group Ltd., the developer of our new campus, to reduce the leased area by approximately 40%.
+Added: In addition to our leased properties in Israel, we lease offices and lab facilities in California, Nevada, Germany, Netherlands, Italy, China, France, Australia, the United Kingdom, Japan, India, Bulgaria, Taiwan, Korea, Brazil, Spain, Vietnam, and Poland.
Manufacturing
We outsource most of our manufacturing to our manufacturing partners.
−Removed: We have our own manufacturing facility, Sella 1 (which property is leased), in the North of Israel, which is used in our solar segment.
−Removed: We also have our own manufacturing facility, Sella 2 in South Korea and own an additional smaller facility in South Korea, both of which are used in our Energy Storage segment.
−Removed: In November 2024, the Company announced that it is closing its Energy Storage segment.
−Removed: As such, Sella 2 is no longer operational.
−Removed: We also own manufacturing facilities in Umbria, Italy which currently are leased out in part and also used for support for remaining commitments of e-Mobility parts.
+Added: We have our own manufacturing facility, Sella 1 (which property is leased), in the North of Israel.
+Added: On September 4, 2025, as part of the decision to close our Energy Storage Division, we sold our last battery cell manufacturing facility in South 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.