OSI SYSTEMS INC
For the period ended Jun 30, 2024. Filed Aug 29, 2024.
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FY2024 · Filed Aug 29, 2024
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Item 2. Properties
As of June 30, 2024, we owned the following principal facilities:
| · · · · | ||
|---|---|---|
| · · · Approximate | ||
| · · · · Square | ||
| Location | Description of Facility | Footage |
| Billerica, Massachusetts | Manufacturing, engineering, sales and marketing and service for our Security division | 186,200 |
| Snoqualmie, Washington | Headquarters and administrative, manufacturing, engineering, sales, marketing and service for our Healthcare division | 177,000 |
| Batam, Indonesia | Manufacturing for our Optoelectronics and Manufacturing division | 93,500 |
| Stoke on Trent, United Kingdom | Manufacturing, engineering, sales, marketing and service for our Security division | 90,000 |
| Surrey, United Kingdom | Manufacturing, engineering, sales, marketing and service for our Security division | 59,000 |
As of June 30, 2024, we leased the following principal facilities:
| | | | | | | |
|---|---|---|---|---|---|---|
| · · · Approximate · | ||||||
| Location · Description of Facility · Square Footage · Expiration | ||||||
| Hawthorne, California | | Corporate headquarters and administrative, manufacturing, engineering, sales and marketing and service for our Optoelectronics and Manufacturing division | | 88,000 | | 2027 |
| Johor Bahru, Malaysia(1) | Manufacturing, engineering, sales and service for our Security division | 167,600 | 2025 | |||
| Johor Bahru, Malaysia(1) | Manufacturing, engineering, sales and service for our Optoelectronics and Manufacturing division | 110,100 | 2024 ~ 2025 | |||
| Torrance, California | Manufacturing, engineering, sales and marketing and service for our Security division | 91,900 | 2027 | |||
| Batam, Indonesia (1) | Manufacturing for our Optoelectronics and Manufacturing division | 101,100 | 2024 ~ 2028 | |||
| Andover, Massachusetts | Manufacturing, engineering, sales and marketing and service for our Security division | 64,200 | 2027 | |||
| Tecate, Mexico | Manufacturing for our Optoelectronics and Manufacturing division | 60,200 | 2028 | |||
| (1) | This is comprised of multiple leases at the same or nearby facilities. |
We believe that our facilities are in adequate condition to support our current operations but expect to expand as necessary to support our anticipated future growth. We currently anticipate that we will be able to renew the leases that are scheduled to expire in the next few years on terms that are substantially the same as those currently in effect. However, even if we were not able to renew one or more of the leases, we believe that suitable substitute space is available to relocate any of the facilities. Accordingly, we do not believe that our failure to renew any of the leases that are scheduled to expire in the next few years will have a material adverse effect on our operations.
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