Company: FOXX
Filing Date: 2025-01-10
Form Type: S-1
Source: 0001213900-25-002199
Chunk: 114

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-10
Form: S-1
Chunk 114
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 -salesservice to end -usersindependently after exhausting the supplied spares, without further support from us. Competition We believe the principal competitive factors impacting the market for our products are features and functionality, performance, quality and brand. To maintain and improve our competitive position, we must continue to expand our user base, invest in research and development, grow our distribution network, and leverage our strategic relationships. Our products compete with a variety of solutions providers in different market segments. Our current competitors include: •Smartphones and Tablets — Motorola, Inseego, HMD, TCL, Vortex, Tinno, BLU, Sky, Maxwest, and Hot Pepper. •IoT Products — Netgear, Franklin Wireless, TCL and ZTE. As the market for our solutions and services expands, other entrants may seek to compete with us either directly or indirectly. Intellectual Property Trademarks

| Trademarks |     | Registration 
       Number |     | Jurisdiction |     | Registration Date  |
|            |     |    5,864,015 |     | U.S.         |     | September 17, 2019 |
|            |     |    6,205,214 |     | U.S.         |     | November 20, 2020  |
|            |     |     87944543 |     | U.S.         |     | June 1, 2018       |

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Domain Names

Patents We do not currently have any registered patents. However, our research and development team is actively assessing our customizations, specifications, and other technical expertise and know -howcurrently protected as trade secrets. We plan to file patents to safeguard our technical expertise and innovations. Research and Development For the year ended June 30, 2024, our research and development expenses amounted to $91,168, a significant portion directed towards the development of 5G development product. Our strategic allocation of spending in product research and development reflects our commitment to innovation and technological advancement in emerging sectors. To achieve our goals in IoT product development, we have engaged, and may continue to engage, in outsourcing collaborations with industry -leadingpartners, leveraging their expertise and resources to accelerate our progress and ensure the delivery of cutting -edgesolutions. Facilities Our facilities are leased from independent third parties. The lease terms range from 1 to 3 years, with the option to renew upon expiration. We believe our current facilities are generally sufficient for our present needs. However, we anticipate seeking additional space