Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 80

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 80
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 may arise concerning this or
other agreements we have entered into that concern ownership of or use of intellectual property rights.

 14 

Our business could be negatively impacted
if we fail to adequately protect our intellectual property rights.

We consider our intellectual
property rights to be important assets, and seek to protect them through a combination of patent, trademark, copyright and trade secret
laws, as well as licensing and confidentiality agreements. These protections may not be adequate to prevent third parties from using our
intellectual property without our authorization, breaching any confidentiality agreements with us, copying or reverse engineering our
products, or developing and marketing products that are substantially equivalent to or superior to our own. The unauthorized use of our
intellectual property by others could reduce our competitive advantage and harm our business. Not only are intellectual property-related
proceedings burdensome and costly, but they could span years to resolve and we might not ultimately prevail. We cannot guarantee that
any patents, issued or pending, will provide us with any competitive advantage or will not be challenged by third parties. Moreover, the
expiration of our patents may lead to increased competition with respect to certain products.

Our industry is subject to technological
change, and our failure to continue developing new and improved products and to bring these products rapidly to market could have an adverse
impact on our business.

New products, or refinements
and improvements to our existing products, may have technical failures, delayed introductions, higher than expected production costs or
may not be well accepted by our customers. If we are not able to anticipate, identify, develop and market high quality products in line
with technological advancements that respond to changes in customer preferences, demand for our products could decline and our operating
results could be adversely affected.

Public company compliance may make it more
difficult to attract and retain officers and directors.

The Sarbanes-Oxley Act and
rules subsequently implemented by the SEC have required changes in corporate governance practices of public companies. As a public company,
we expect that these rules and regulations may make it more difficult and expensive for us to obtain director and officer liability insurance
in the future and we may be required to accept reduced policy limits and coverage or incur substantially higher costs to obtain the same
or similar coverage. As a result, it may be more difficult for us to attract and retain qualified persons to serve on our Board of Directors
or as executive officers.

Confidentiality agreements with employees
and third parties may not prevent unauthorized disclosure of trade secrets and other proprietary information