Company: STAK
Filing Date: 2025-02-26
Form Type: 424B4
Source: 0001493152-25-008310
Chunk: 93

Company: STAK Inc.
Filing Date: 2025-02-26
Form: 424B4
Chunk 93
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 There are rainproof natural ventilation windows on the top sides of the compartment.                                     
 The bottom is covered with flame-retardant and static dissipative rubber board. Fixed loops                                          
 are installed on the side of the compartment.                                                                                        
 Inside                                                                                                                               
 the compartment: Smoke sensor installed on the top, anti-theft device above the door frame, equipped with two fire extinguishers.    |
| 20 | Oil                                           
 Field Logging Assembly Equipment              |     | Both                                                                                                                                 
 sides are protected by a skirt instead, with the rear skirt 540mm above the ground; Optional height without air conditioning cover   
 is 3945mm; Structure, ABS model/manufacturer: 486 106/KNORR; Net engine power is 353KW; Optional appearance with signal lights above 
 both sides of the compartment.                                                                                                       |

| 61 |

Research and Development

In the fiscal years 2024 and 2023, our continuous expenditures on research and development were approximately $1.7 million and $1.4 million, respectively.

Research Management with Academic and Institutional Collaboration

As a small company with limited resources and capabilities, we will continue to leverage social and academic resources. In March 2023, we partnered with Dalian University of Technology Jiangsu Research Institute to jointly establish the Smart Oilfield Specialty Vehicle Research Center. The institute dispatched 10 research and development experts to work full-time at the center, including four with doctoral degrees and four with master’s degrees. The institute integrates technology research and development, outcome transformation, and talent development, focusing on the efficient, energy-saving, and environmentally friendly automation equipment urgently needed in the oil production and enhancement fields, which helps the company move towards the high-end and cutting-edge of the manufacturing value chain.

In March 2022, we entered into a 3-year industry-academic research agreement with Jiangsu University to collaborate on research and development related to smart devices, driver assistance system, and autonomous driving system.

We believe that by collaborating with academic institutions, we can meet our research and development needs and control our research and development costs. We also engage in joint development with research partners to develop new models and next generation oilfield-specialized productions and maintenance equipment. We share costs in joint development to manage risks and costs effectively.

Research Directions and Priorities

Currently, we consider the automation upgrade of our products as an essential means of our differentiation and competitive strategy. We attach great importance to the automation upgrade of oilfield specialty vehicles and equipment, with the following key research and development