Item 2. Properties
Item 2. Properties
Our corporate headquarters and principal research and development, manufacturing, and sales and service facilities as of December 31, 2020 are as follows:
Approximate
Owned Facilities Location
Size (sq. ft.)
Use
Plainview, NY
80,000
Corporate Headquarters; R&D; Sales & Service; Administration
Somerset, NJ
80,000
R&D; Manufacturing; Sales & Service; Administration
St. Paul, MN
43,000
R&D; Manufacturing; Sales & Service; Administration
Somerset, NJ
38,000
R&D; Sales & Service; Administration
Approximate
Lease
Leased Facilities Location
Size (sq. ft.)
Use
Expiration
San Jose, CA
100,000
R&D; Manufacturing; Sales & Service; Administration
2023
Somerset, NJ
57,000
Warehouse
2022
Horsham, PA
49,000
R&D; Manufacturing; Sales & Service; Administration
2024
Waltham, MA
19,000
R&D; Sales & Service; Administration
2023
In addition to the above, we lease a small office in Malta, New York for sales and service and our foreign sales and service subsidiaries lease office space in China, Germany, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand, Taiwan and the United Kingdom. Finally, as discussed in Note 20 to the Consolidated Financial Statements, on February 18, 2021, we entered into a new lease agreement in San Jose, California, to expand our manufacturing capabilities for our laser annealing and lithography technologies. This new facility has approximately the same square footage as our existing San Jose, California facility, but expanded manufacturing capabilities, and we will transition to the new facility over the next two years. We believe our facilities are adequate to meet our current needs.
Item 3. Legal Proceedings
The discussion under the heading Legal Proceedings within Note 10, “Commitments and Contingencies” to the Consolidated Financial Statements is incorporated herein by reference.
Item 4. Mine Safety Disclosures
Not Applicable.
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Table of Contents
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.