Item 2. Properties
Item 2. Properties
Our corporate headquarters and principal research and development, manufacturing, and sales and service facilities as of December 31, 2021 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
San Jose, CA
100,000
R&D; Manufacturing; Sales & Service; Administration
2037
Somerset, NJ
57,000
Warehouse
2027
Horsham, PA
49,000
R&D; Manufacturing; Sales & Service; Administration
2024
Waltham, MA
17,000
R&D; Sales & Service; Administration
2023
In addition to the above, our foreign sales and service subsidiaries lease office space in China, Germany, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand, Taiwan and the United Kingdom. Additionally, we are in a period of transition from our existing San Jose facility to a newly leased facility in San Jose, both of which are reflected in the table above. The new facility has approximately the same square footage as our existing San Jose, California facility, but expanded manufacturing capabilities for our laser annealing and lithography technologies. We will continue to transition to the new facility over the next few quarters. We believe our facilities are adequate to meet our current needs.
Item 3. Legal Proceedings
The discussion under the heading Legal Proceedings within Note 9, “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.