Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 14

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1
Chunk 14
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kits and application programming interfaces to other device manufacturers and third-party application developers. This design allows
third-party devices and apps to integrate with our cloud platform seamlessly. Additionally, our infrastructure is designed to interact
with multiple cloud providers, including Amazon Web Services, Google Cloud Platform, and Microsoft Azure. We believe that our unique model,
which combines IoT modules, devices, data, the cloud platform, and services, positions us to deliver comprehensive end-to-end IoT
solutions to our customers.

We
launched the first generation of our IoT cloud platform in the third
calendar quarter of 2024. We allocated time and resources since the first calendar quarter of 2024 to finalize the design and setup of
the cloud platform that integrates with the AWS system. The first generation of our IoT cloud platform leverages AWS cloud services and
AWS IoT Core services in addition to the customized development by us to provide device management, user management, data management
and security management functions. 

10

We developed a second generation
of our IoT cloud platform, driven by the vision of a much more inclusive and smarter IoT platform that is compatible with all our devices
and potentially products from other brands. This platform integrates more advanced technologies researched and developed by Foxx, with
the potential scalability to connect tens of millions of devices. This platform was launched to the market in the fourth calendar quarter
of 2024. Our second generation IoT cloud platform involves a full IoT PaaS with the fundamental capabilities of device management,
control and status management, user management, access and permission, and physical model management. It supports comprehensive and modern
IoT communication protocols. In addition, the second generation IoT platform has full IoT SaaS capabilities with openness and flexibilities
of integrating with different IoT verticals, which enables developing customized and compatible services on multiple protocols module,
vertical module, Edge module, mobile devices module, and online customized module. It will also provide front-end apps (Android/iOS
mobile apps) to the end-users to manage and monitor their IoT devices, and offer multi-tenants services including data, notification,
alert, subscription, visualization, and devices interoperable services.

Smart
Home Solutions

Our Smart Home Solutions can be divided into three categories: Home
Security, Home Safety, and Home Care. “Leak Shield”, the smart water leak detector, was the first “Home Safety”
product we launched. In the “Home Security” category, we have been developing a