Company: FOXX
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006111
Chunk: 112

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 112
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 programs to evaluate their application in building management devices and digital building information systems, assessing their operational efficiencies. 71

Once we complete the development of each of the above modules, we will conduct pilot programs and testing of such modules. Based on feedback from the testing, we will make product adjustments as needed. The purpose of the pilot programs and testing is to determine if all modules are fully operational and optimized based on real -worldusage data. After that, we will prepare for a full commercial launch of the integrated platform in the first calendar quarter of 2025. 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 -Fimodules. 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 -productionwork for the LTE Cat 1 bis, Cat 4, Cat M/NB -IoT, and Bluetooth modules and will undergo lab testing. We aim to launch 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 second calendar quarter of 2025. Warranties and Customer Services We provide a one -yearwarranty on its products, offering after -salesservice support to dealers in two ways. Dealers can opt for direct product replacement by us, or they can choose to receive 2% after -salesservice spares from Foxx. In the latter case, our customers handle after -salesservice to end -usersindependently 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,