From Page 24 of Form 20-F: Risks Related to Our Operations in Israel
“Political, economic and military instability in Israel may impede our ability to operate and harm our financial results. Our principal executive offices and research and development facilities as well as our thirdparty manufacturers are located in Israel. In addition, all of our subcontractors are located in Israel.”
“Our commercial insurance may leave us subject to a risk of a loss if a terrorist attack or act of war occurs.
Our insurance does not cover losses that may occur as a result of an event associated with the security situation in the Middle East or for any resulting disruption in our operations. Although the Israeli government has in the past covered the reinstatement value of direct damages that were caused by terrorist attacks or acts of war, we cannot be assured that this government coverage will be maintained or, if maintained, will be sufficient to compensate us fully for damages incurred and the government may cease providing such coverage or the coverage might not suffice to cover potential damages. Any losses or damages incurred by us could have a material adverse effect on our business. Any armed conflicts or political instability in the region would likely negatively affect business conditions generally and could harm our results of operations.”
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