Company: FOXX
Filing Date: 2025-01-10
Form Type: S-1
Source: 0001213900-25-002199
Chunk: 48

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-10
Form: S-1
Chunk 48
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 results of operations. Even if the claims do not result in litigation or are resolved in our favor, these claims, and the time and resources necessary to resolve them, could divert the resources of our management and harm our business and operating results. Moreover, there could be public announcements of the results of hearings, motions or other interim proceedings or developments and if securities analysts or investors perceive these results to be negative, it could have a substantial adverse effect on the price of our Common Stock. We expect that the occurrence of infringement claims is likely to grow as the market for our products and solutions grows. Accordingly, our exposure to damages resulting from infringement claims could increase and this could further exhaust our financial and management resources. Some aspects of our technology include open source software, and any failure to comply with the terms of one or more of these open source licenses could harm our business. Our research and development of products, particularly the development of modules for integration into environmental management solutions, incorporate software covered by open -sourcelicenses. For example, we use open -sourcealgorithms such as Linear Regression, Neural Networks, and SLAM technology in developing these modules. The terms of various open -sourcelicenses have not been interpreted by U.S. courts, creating a risk that such licenses could be construed in a manner that imposes unanticipated conditions or restrictions on our research and development based on such open -sourceresources. If the use of open -sourcealgorithms is limited or restricted by the providers of such algorithms or due to regulations, our research and development could be interrupted and delayed, necessitating the search for alternative sources or modifications to our research methods. In addition to risks related to license requirements, use of open -sourcesoftware can lead to greater risks than use of third -partycommercial software, as open -sourcelicensors generally do not provide warranties or controls on the origin of the software. Many of the risks associated with use of open -sourcesoftware cannot be eliminated and, if such risks materialize, could harm our business. Moreover, we cannot assure you that our processes for use of open -sourcesoftware will be effective. If we are held not to have complied with the terms of an applicable open -sourcesoftware license, we could be required to seek licenses from third parties to continue offering our services on terms that are not economically feasible, to re -engineerour technology to remove or replace the open source software, to discontinue the use of certain technology if re -engineeringcould not be accomplished on a timely