Company: TOGIW
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001214659-25-006296
Chunk: 5

Company: TurnOnGreen, Inc.
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1
Chunk 5
---
 packaging equipment,
laboratory and diagnostic equipment, industrial laser drivers, datacenter computing and turbomachinery control solutions. Revenues
from the industrial and telecommunications industry accounted for approximately 41% and 36% of all revenues received from our power supply
products for the years ended December 31, 2024, and 2023, respectively.

   3  

EV Charging Products

We provide EV drivers
of all types with easy access to convenient, reliable, and high-speed charging. We design manufacture, resell, own, operate and supply
a Level 2 alternating current (“ AC”) and direct current (“ DC”) fast charging (“ DCFC") charging equipment.
We offer our Level 2 charging equipment for use in single family homes, multi-family unit dwellings, hospitality, healthcare facilities,
commercial retail properties, municipalities, schools, workplace, fleet operations. We offer our DCFC charging equipment for use in high
traffic, high density urban, suburban, exurban locations, corridors and destination locations and, fleet operations. Our EV charging
solutions are designed to address the expected rapid expansion of infrastructure required to support broad adoption of EVs
globally. With more than 50 years of expertise in power technology, we provide EV charging solutions to enable the eMobility demands
of tomorrow. Our innovative charging solutions produce a full charge for an EV with a 250-mile range battery in approximately 35
minutes. We offer a comprehensive range of EV charging solutions, including a Level 2 AC charging
product line that support the SAE J1772 standard. Our DCFC product line is compatible with the North American Combined
Charging System Type 1 (“ CCS1”) and the SAE J3400 North America Charging Standard (NACS). Additionally, our DCFC products
support, the Japanese CHArge de MOve (“ CHAdeMO”) standards. Our CSMS network system operates, maintains, and manages our charging
stations overseeing charging data, back-end operations, and payment processing.

The final barrier to
widespread BEV and HEV adoption is the lack of EV charging infrastructure. We believe that the demand for EV charging is increasing each
day. Utility companies are upgrading their grid infrastructure in preparation for the increased demand. We expect the demand
from businesses, municipalities and individuals to outpace supply over the next five years, creating a highly favorable environment
for EVSE companies. We therefore intend to generate revenues with TOGT primarily through the sale of networked charging hardware,