Company: TOGIW
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001214659-25-006296
Chunk: 6

Company: TurnOnGreen, Inc.
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1
Chunk 6
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combined with cloud-based services that provide consumers with the ability to locate, reserve, authenticate and transact EV charging sessions
including charging for used energy, which we refer to as our TOG Network or TOG Network Services. TOG Network Services, and an optional
extended warranty, are billed as an annual subscription, and access to the network is available through each of our commercial charging
ports. We expect that the revenue contribution for recurring TOG Network or extended warranty sales will equal the revenue contribution
from one-time EV700, EVP700, EV1100 and EVP1900 charger sales for commercial use after approximately five years based on current projections.
TOGT also offers a hardware portfolio powered by software, which cannot be accessed without a TOG Network charger-as-a-service (CaaS)
subscription.

With a shared mission
to do our part to fight climate change, our team strives to bring to established and emerging markets innovative solutions that provide
value for the company and our shareholders. We provide green energy services to homeowners, business partners, and EV drivers, leveraging
our highly efficient, flexible, and software-managed technologies to meet their needs for reliable and customized energy saving services.
We benefit from newer technologies and by learning from the experience of our competition to offer smarter and better products and services
to our markets. During the years ended December 31, 2024, and 2023, approximately 8% of our revenues, were generated from the Company’s
EV charging products, all of which were sold to customers located in North America.

Our
Growth Strategies

We sell our power products
and charging solutions in the form of hardware, recurring network subscriptions, extended warranty purchases and related services. We
will continue to optimize our operating model, combining high quality power and charging hardware and related services with appealing
business models for our customers. We believe that this approach creates significant customer network effects and provides the potential
for recurring revenue. Key elements of our growth strategies include:

  Continue to Innovate and Enhance Our EV Products. While maintaining our core business of power system solutions for our existing                  

  Develop Our Strategic Partnership Network. In order to achieve our goals – particularly with respect to the rapid deployment                   

   4  

  Expand within Existing Customers. We are focused on maintaining our customer retention model, which encourages existing customers           

  Make Opportunistic Investments in Marketing. We intend to continue to aggressively market and sell our core power products                   

  Pursue Strategic Business Acquisitions for Growth. Through selective