Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 473

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 473
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Intellectual Property

Our success and competitive advantage depend in part upon our ability to develop and protect our core technology and intellectual property. We own a portfolio of intellectual property, including patents and registered trademarks, confidential technical information, and expertise in the development of software and hardware for autonomous vehicles and lidar technology.

We develop and train the AI used in the SuperDrive platform internally. These models, including those used for perception, prediction, and planning, are proprietary to us and are trained primarily on data collected by us from testing and developing the platform, supplemented by simulated data generated using tools developed in-house or licensed from third parties.

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We do not rely on third-party AI models for the core autonomous driving functions of SuperDrive. Certain commonly available third-party components—such as open-source machine learning frameworks or commercially licensed software tools—may be used in the development environment to support training or deployment, but these tools do not provide autonomous-driving-specific functionality and are not determinative of system performance.

Accordingly, the AI capabilities of the SuperDrive platform are based on our proprietary models, and we are not materially dependent on any third-party AI models for the system’s core functionality.

We have filed patent and trademark applications in order to further secure these rights and strengthen our ability to defend against third parties who may infringe on our rights. We also rely on trade secrets, design and manufacturing know-how, continuing technological innovations, and licensing and exclusivity opportunities to maintain and improve our competitive position.

Additionally, we protect our proprietary rights through agreements with our commercial partners, supply-chain vendors, employees, and consultants, as well as close monitoring of the developments and products in the industry, and AI research advancements in our field. Our OEM partners generally retain ownership of the sensor data they provide to PlusAI or its SuperDrive software. OEMs do not obtain intellectual property rights in PlusAI’s software or in any derived data produced by SuperDrive solely by virtue of providing sensor data or selecting the associated hardware.

As of September 30, 2025, we had over 160 issued patents and over 90 patent applications worldwide. These patents and applications cover key aspects of our technology portfolio and support our competitive positioning in domestic and international markets.

As of September 30, 2025, we owned nearly 100 registered or pending trademarks worldwide, including 21 registrations or pending applications in the United States. We also own registrations or pending applications in 11 foreign countries: Australia, Brazil, Canada, the European Union, India, Japan