Company: TOGIW
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001214659-25-006296
Chunk: 0

Company: TurnOnGreen, Inc.
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1
Chunk 0
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ITEM 1. BUSINESS

Overview

TurnOnGreen, Inc., a
Nevada corporation (“ TOG”), through its wholly owned subsidiaries Digital Power Corporation (“ Digital Power”)
and TOG Technologies Inc. (“ TOGT,” and together with Digital Power, the “ Company”), is an emerging provider of
premium power electronic and electric vehicle (EV) charging solutions. The Company designs, develops, manufactures, and sells highly engineered,
feature-rich, high-grade power conversion systems and power solutions for mission-critical, life-sustaining, and lifesaving applications
across a variety of sectors, particularly those operating in demanding and harsh environments. We serve a broad range of markets, including
defense and aerospace, medical and healthcare, industrial applications, telecommunications, e-Mobility, and OEM solutions. Our products
are highly adaptive, featuring customized firmware meticulously configured to meet the specific requirements and challenges of our customers’
applications. Approximately 8% of the Company’s revenue is generated leveraging its core power technologies to deliver comprehensive
EV charging infrastructure and subscription-based charging network management services for residential, fleet, hospitality, workplace,
healthcare, municipal, and educational environments including universities and schools.

At Digital Power, we
provide a comprehensive range of integrated power system solutions that are designed to meet the diverse and precise needs of our customers
with the highest levels of efficiency, flexibility and scalability. We design, develop and manufacture custom power systems to meet performance
and/or form-factor requirements that cannot be met with standard power products. These power system solutions are designed to function
reliably in harsh environments associated with defense and aerospace applications, while also being utilized for applications ranging
from industrial and telecommunications equipment to medical instrumentation. Our power products are highly adaptive and feature digital
power management and software configurations that allow them to achieve higher power efficiency to meet the requirements of both our customers
and our original equipment manufacturers (“ OEMs”). In addition to our custom power system solutions, we also provide a wide
range of industry-standard power products. These products include our AC/DC Open Frame product series, which we believe to be among the
industry’s leading power switchers in terms of power efficiency. The Open Frame products are deployed in highly compact form factors
and modular power series that support configurable multiple DC outputs. Additionally, we offer high-power and high-voltage laser power
supplies tailored to meet the unique requirements of medical, dental, and industrial pulsed energy systems. Our expertise also encompasses
high-performance and high-power data-center power supplies,