Company: FOXX
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006111
Chunk: 109

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 109
---
 support comprehensive and modern IoT communication protocols. In addition, the second -generationIoT platform will have a 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 -endapps (Android/iOS mobile apps) to the end -usersto manage and monitor their IoT devices, and offer multi -tenantsservices including data, notification, alert, subscription, visualization, and devices interoperable services. Wearables To complement our smartphones, tablets, and the IoT cloud platform that we are developing to offer the end -usersa fully integrated system, we are developing customization standards for a diverse range of wearable devices, including Bluetooth watches, Bluetooth bracelets, GPS watches, 4G watches, and etc. We are also researching for connecting wearable products with sports equipment and will work with chip manufacturers, solution providers, and device manufacturers to develop high -qualitycomponents and equipment, enabling us to offer reliable and innovative solutions to the end -users. 68 In February 2024, we partnered with a branded device Original Equipment Manufacturer (“OEM”) and started developing a 4G LTE kids smartwatch for major US Mobile Network Operator (“MNO”) and MVNO carriers. Our wearable devices are currently undergoing development, testing, and integration. Following this phase, we will commence regulatory and operator lab testing. We launched our wearable devices in the fourth calendar quarter of 2024. Concurrently, we are developing smartwatches for both adults and kids that incorporate LTE and Bluetooth technologies. We have entered into master service agreements with MNO and MVNO carrier channels, finalized customization and specifications for both the adults smartwatches and the kids smartwatches. We are currently on track for development, inspection, and testing according to the project milestones as set forth in the master service agreement and exhibits. Once we complete the development and certification of the products, we expect to sell such products to third -partydistributors, as well as through open market retail and e -commercechannels. The launch date for the smartwatches for both adults and kids is in the first calendar quarter of 2025. (The design of the kids watch was launched to the market during the fourth calendar quarter of 2024) Health and Wellness Products We are planning to expand our product offering to include personal health and wellness devices. Our expansive product solution matrix in the health and wellness sector will