Company: TOGIW
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001214659-25-006296
Chunk: 26

Company: TurnOnGreen, Inc.
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1A
Chunk 26
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 to provide competitive compensation. In addition, job market dynamics have been impacted by the “great
resignation,” with a significant number of people leaving the workforce, and future challenges related to TurnOnGreen’s “return-to-office”
plans, hybrid work model or workplace practices could lead to attrition and difficulty attracting high-quality employees. TurnOnGreen
may not be able to attract, assimilate, develop, or retain qualified personnel in the future, and failure to do so could adversely affect
its business, including the execution of its global business strategy.

If we are unable to identify, attract, train
and retain qualified personnel, especially our design and technical personnel, our business and results of operations would be materially
and adversely affected, and we may not be able to effectively execute our business strategy.

Our performance and future success largely depend
on our continuing ability to identify, attract, train, retain and motivate qualified personnel, including our management, sales and marketing,
finance and in particular our engineering, design and technical personnel. For example, we currently have a limited number of qualified
personnel for the assembling and testing processes. We do not know whether we will be able to retain all these personnel as we continue
to pursue our business strategy. Our engineering, design and technical personnel represent a significant asset. The competition for qualified
personnel in our industry is intense and constrains our ability to attract qualified personnel. The loss of the services of one or more
of our key employees, especially of our key engineering, design and technical personnel, or our inability to attract, retain and motivate
qualified personnel, could have a material adverse effect on our business, financial condition and operating results.

  15  

Our technology is generally unpatented, and others may seek
to copy it.

We operate in an industry in which the ability
to compete depends on the development or acquisition of proprietary technologies that must be protected to preserve the exclusive use
of such technologies. We devote substantial resources to establish and protect our proprietary rights. This protection, however, may not
prevent competitors from independently developing products similar or superior to our products. We may be unable to protect our IP that
competitors could restrict or replicate, of which may have a material adverse effect on our competitive position. In addition, the intellectual
property laws of foreign countries may not protect our rights to the same extent as those of the United States.

We generally do not patent technology developed
by us and we cannot be sure that others will not independently develop the same or similar