Company: TOGIW
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001214659-25-006296
Chunk: 7

Company: TurnOnGreen, Inc.
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1
Chunk 7
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 acquisitions of, or investments in, complementary businesses,           

  Cooperative Partnerships with Site Hosts. Partnering with commercial property owners to expand public charging                                       

Sales and Markets

We sell and market our
products through a variety of sales channels. Our direct sales groups are dedicated to developing commercial and fleet sales in well-defined
customer segments in specific geographic regions. Our channel partners, which include independent manufacturer representatives and distributors,
focus on e-commerce and business-to-business sales. Our sales and marketing efforts target specific verticals and territories that
we believe will have the highest demand for EVSE over the forthcoming five to ten year period. Our segment-based sales strategy focuses
on regional priorities where demand is highest, strategic partnerships in commercial real estate development and business development
projects that provide ongoing revenue to EV owners.

We have an internal marketing
team that has built a digital and social media marketing program to increase brand awareness, product promotion and product sales. We
have a variety of digital assets that can be easily shared across multiple platforms to help us scale sales quickly. We plan to market
directly to consumers through our software applications, e-commerce platforms and digital advertising campaigns. We will also work across
channels to help our distribution partners market our products and services by utilizing their ecommerce and social platforms.

Revenues of approximately
$4.5 million and $3.9 million or 92% and 92%, of total revenues were attributable to power electronics products under various OEM agreements
for the years ended December 31, 2024, and 2023, respectively. One customer accounted for more than 10% of our total revenues for the
year ended 2024 and two customers accounted for more than 10% for the year ended 2023.

Manufacturing and
Supplies

Consistent with our strategy
of focusing on custom designed, high-grade, flexible and configurable products to support our diverse applications in the markets we serve,
we aim to maintain a high degree of flexibility in our manufacturing through the use of strategically focused contract manufacturer partners.
These partnerships give us access to new markets and benefit our production processes, which are designed for high-mix and fast-line-charge
and take advantage of technologies such as electronically controlled operating instructions, automated pick and place, automatic optical
inspection and automatic testing. To achieve our high-quality and low-cost manufacturing goals with labor-intensive products, we have
entered into strategic manufacturing agreements with certain contract manufacturers in the United States and Asia.

We strive to bring low
cost and fast delivery