AXT Inc (AXTI)

[RedStick]

Flexible manufacturing infrastructure. Our total manufacturing space in China is approximately 190,000 square feet, 160,000 square feet of which we currently use. We believe that our competitors typically purchase crystal growing furnaces from original equipment manufacturers. In contrast, we design and build our own VGF crystal growing furnaces, which we believe should allow us to increase our production capacity more quickly and cost effectively.