Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 16

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1
Chunk 16
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 the fourth calendar quarter of 2025.

11

IoT
Modules

We
are building a portfolio of IoT modules, which are hardware or software components that enable devices to connect to the Internet and
share data with other connected devices and systems. Our portfolio includes a wide range of IoT modules, including 4G LTE Cat 1 bis,
Cat 4, Cat M, NB-IoT, 5G, 5G Redcap, 5G AI, Bluetooth, and Wi-Fi modules. These modules enable the connectivity and intelligence
of IoT devices, allowing them to collect, transmit and process data, and communicate with other devices and systems. Currently, we have
completed the development and pre-production work for the LTE Cat 1 bis, Cat 4, Cat M/NB-IoT, and Bluetooth modules and will
undergo lab testing. We have launched these modules in the first calendar quarter of 2025. We have started to develop 5G modules, 5G
Redcap modules, and 5G AI modules, which may potentially launch in the first half of
2026. 

Warranties
and Customer Services

We
provide a one-year warranty on its products, offering after-sales service support to dealers in two ways. Dealers can opt for
direct product replacement by us, or they can choose to receive 2% after-sales service spares from Foxx. In the latter case, our
customers handle after-sales service to end-users independently after exhausting the supplied spares, without further support
from us.

Competition

We
believe the principal competitive factors impacting the market for our products are features and functionality, performance, quality
and brand. To maintain and improve our competitive position, we must continue to expand our user base, invest in research and development,
grow our distribution network, and leverage our strategic relationships.

Our
products compete with a variety of solutions providers in different market segments. Our current competitors include: 

    ●
    Smartphones and Tablets — Motorola,
    Inseego, HMD, TCL, Vortex, Tinno, BLU, Sky, Maxwest, and Hot Pepper.

    ●
    IoT Products — Netgear,
    Franklin Wireless, TCL and ZTE.

As
the market for our solutions and services expands, other entrants may seek to compete with us either directly or indirectly.

Intellectual
Property

Trademarks