FEIC » Topics » Item 2. Properties

These excerpts taken from the FEIC 10-K filed Feb 29, 2008.

Item 2.  Properties

 

Our corporate headquarters is located in a facility we own in Hillsboro, Oregon. This facility totals approximately 180,000 square feet and houses a range of activities, including manufacturing, research and development, corporate finance and administration and sales and marketing.

 

We also maintain a major facility in Eindhoven, the Netherlands, consisting of 244,169 square feet of space. The lease for this space expires in 2018. Present lease payments are approximately $290,000 per month. This facility is used for research and development, manufacturing, sales, marketing and administrative functions.

 

We maintain a manufacturing and development facility in Brno, Czech Republic, which consists of 92,570 square feet of space, and is leased for approximately $140,000 per month. The lease expires in 2012.

 

We operate sales and service offices in leased facilities in the People’s Republic of China (“PRC”), Japan, Hong Kong, Singapore, the Netherlands, the United Kingdom and the U.S., as well as other smaller offices in the other countries where we have direct sales and service operations. In some of these locations, we lease space directly. In other locations, we obtain space through service agreements with affiliates of Koninklijke Philips Electronics N.V. (“Philips”). We closed several European sales offices and consolidated these operations into our offices in the Netherlands in the first half of 2006. We expect that our facilities arrangements will be adequate to meet our needs for the foreseeable future and, overall, believe we can meet increased demand for facilities that may be required to meet increased demand for our products. In addition, we believe that if product demand increases, we can use outsourced manufacturing of spare parts, additional manufacturing shifts and currently underutilized space as a means of adding capacity without increasing our direct investment in additional facilities.

 

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Item 2. 
Properties



 



Our corporate headquarters is located in
a facility we own in Hillsboro, Oregon. This facility totals approximately
180,000 square feet and houses a range of activities, including manufacturing,
research and development, corporate finance and administration and sales and
marketing.



 



We also maintain a major facility in
Eindhoven, the Netherlands, consisting of 244,169 square feet of space. The
lease for this space expires in 2018. Present lease payments are approximately
$290,000 per month. This facility is used for research and development,
manufacturing, sales, marketing and administrative functions.



 



We maintain a manufacturing and
development facility in Brno, Czech Republic, which consists of 92,570 square
feet of space, and is leased for approximately $140,000 per month. The lease
expires in 2012.



 



We operate sales and service offices in
leased facilities in the People’s Republic of China (“PRC”), Japan, Hong Kong,
Singapore, the Netherlands, the United Kingdom and the U.S., as well as other
smaller offices in the other countries where we have direct sales and service
operations. In some of these locations, we lease space directly. In other
locations, we obtain space through service agreements with affiliates of
Koninklijke Philips Electronics N.V. (“Philips”). We closed several European
sales offices and consolidated these operations into our offices in the
Netherlands in the first half of 2006. We expect that our facilities
arrangements will be adequate to meet our needs for the foreseeable future and,
overall, believe we can meet increased demand for facilities that may be
required to meet increased demand for our products. In addition, we believe that
if product demand increases, we can use outsourced manufacturing of spare
parts, additional manufacturing shifts and currently underutilized space as a
means of adding capacity without increasing our direct investment in additional
facilities.



 



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This excerpt taken from the FEIC 10-K filed Mar 1, 2007.

Item 2. Properties

Our corporate headquarters is located in a facility we own in Hillsboro, Oregon. This facility totals approximately 180,000 square feet and houses a range of activities, including manufacturing, research and development, corporate finance and administration and sales and marketing.

We also maintain a major facility in Eindhoven, the Netherlands, consisting of 244,169 square feet of space. The lease for this space expires in 2018. Present lease payments are approximately $260,000 per month. This facility is used for research and development, manufacturing, sales, marketing and administrative functions.

We maintain a manufacturing and development facility in Brno, Czech Republic, which consists of 92,570 square feet of space, and is leased for approximately $140,000 per month. The lease expires in 2012.

We operate sales and service offices in leased facilities in the People’s Republic of China (“PRC”), Japan, Hong Kong, Singapore, the Netherlands, the United Kingdom and the United States, as well as other smaller offices in the other countries where we have direct sales and service operations. In some of these locations, we lease space directly. In other locations, we obtain space through service agreements with affiliates of Philips. We closed several European sales offices and consolidated these operations into our offices in the Netherlands in the first half of 2006. We expect that our facilities arrangements will be adequate to meet our needs for the foreseeable future and, overall, believe we can meet increased demand for facilities that may be required to meet increased demand for our products. In addition, we believe that if product demand increases, we can use outsourced manufacturing of spare parts, additional manufacturing shifts and currently underutilized space as a means of adding capacity without increasing our direct investment in additional facilities.

Item 3. Legal Proceedings

As of the date hereof, there is no material litigation pending against us. From time to time, we become party to litigation and subject to claims arising in the ordinary course of our business. To date, these actions have not had a material adverse effect on our business, financial position, results of operations or cash flows, and although the results of litigation and claims cannot be predicted with certainty, we believe that the final outcome of such matters will not have a material adverse effect on our business, financial position, results of operations or cash flows.

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Item 4. Submission of Matters to a Vote of Security Holders

No matters were submitted to a vote of our shareholders during the fourth quarter ended December 31, 2006.

PART II

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