AMERICAN SUPERCONDUCTOR CORP DE
For the period ended Mar 31, 2024. Filed May 29, 2024.
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FY2024 · Filed May 29, 2024
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Item 2. Properties
| Item 2. | PROPERTIES |
|---|
Our corporate headquarters and Grid manufacturing operations are located in a leased 88,000-square-foot facility in Ayer, Massachusetts. Additionally, we have Grid manufacturing operations located in a leased 77,500 square-foot facility in Westminster, Massachusetts as well as an owned 35,000 square-foot facility in Queensbury, New York and an owned 85,000 square-foot facility in New Milford, Connecticut.
We also occupy leased facilities located in Australia, Austria, India, Wisconsin, Washington and the United Kingdom with a combined total of approximately 72,000 square feet of space. These leases have varying expiration dates through January 2029 which can generally be terminated at our request after a six-month advance notice. These locations focus primarily on research and development, sales and/or field service and do not have significant leases or physical presence. We believe all of these facilities are well-maintained and suitable for their intended uses.
The following table summarizes information regarding our significant properties, as of March 31, 2024:
| Location | Supporting | Square footage | Owned/Leased |
|---|---|---|---|
| United States | |||
| Ayer, Massachusetts | Corporate & Grid Segment | 88,000 | Leased |
| New Milford, Connecticut | Grid Segment | 85,000 | Owned |
| Queensbury, New York | Grid Segment | 35,000 | Owned |
| Westminster, Massachusetts | Grid Segment | 77,500 | Leased |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.