Company: SCTH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001017386-25-000073
Chunk: 13

Company: Securetech Innovations, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 13
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 thieves attempting to hack wirelessly transmitted security codes.

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Battery-Independent Operation: Works even with a disabled car battery.

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For additional information on Top Kontrol or to view product demonstration videos, please visit the Top Kontrol website at www.topkontrol.com or the Top Kontrol YouTube Channel, respectively.

Industry: Automobile Theft in America

Car theft in the United States continues to rise annually to new record levels. In 2023, car thefts surpassed all previous records from 2022.

Top Kontrol ensures your car’s safety even when you’re not around. It prevents thieves from stealing your parked and unattended vehicle. Here’s a snapshot of America’s auto theft crisis in 2024:

850,708
 
Number of US cars stolen in 2024

$7.8 Billion
 
Estimated value of cars stolen in the US in 2024

$9,166
 
Average dollar loss per theft

Up 105%
 
Increase in US car thefts between 2019 and 2023

37 Seconds
 
How often a car is stolen in the US

19

Industry: Carjackings Crisis

Below are some highlighted major US cities that experienced record levels of carjackings in 2023:

Increase in Carjackings
2023

US City

98%
 
Washington, DC

222%
 
Minneapolis, MN

133%
 
Chicago, IL

121%
 
New Orleans, LA

115%
 
Oakland, CA

Recent statistics from the National Crime Information Center reveal a significant surge in car thefts and carjackings. Between 2019 and 2023, motor vehicle thefts increased by 105%, while carjackings rose by 93% nationwide.

Top Kontrol stands out as the sole automobile safety device capable of preventing an in-progress carjacking without any driver intervention.

Competition

In a fiercely competitive industry, SecureTech faces formidable rivals across every aspect of its business. Our company’s success hinges on management’s ability to innovate compelling products and market them effectively. By attracting a substantial customer base, we aim to generate the necessary revenues for sustained profitability.

SecureTech faces stiff competition from well-established players armed with substantial financial resources and extensive operating histories. Their advantages in marketing, purchasing power, and negotiation leverage are significant. Notable competitors include Viper (www.viper.com), Clifford (www.clifford.com), and OnStar (www.onstar.com). Additionally, we