Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 28

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 28
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29-Sep-2036
  
    Stacker Base Module with LTE Stacker Module (combined) 
    Japan 
    2022-006086 
    1733802 
    23-Dec-2022 
    24-Mar-2047

15

Manufacturing

We
rely on two contract manufacturers in Taiwan and China to manufacture our VeeaHubÒ devices.

Research
and Development

Because
the industry in which the Company competes is characterized by rapid technological advances, the Company’s ability to compete successfully
depends heavily upon its ongoing research and development activities.

Key
focus of the Company’s research and development activities include (i) the use of AI to optimize network and applications distribution
and performance at the edge, (ii) support for elastic scaling and dynamic cloud to edge orchestration, (iii) real time radio and mesh
tuning, (iv) partial and full air-gapped deployment between the public cloud and the edge, (v) optimized AI model execution across devices,
the Veea Edge Platform and the cloud and (vi) fully integrated online ordering, fulfillment and activation to support large scale, hierarchical
distribution partners.

Facilities

We
are headquartered in New York City, New York. We have engineering offices in Iselin, New Jersey; Bath, United Kingdom; and Juvigny, France.
We also maintain sales and marketing offices in Paris, France and Mexico City, Mexico.

Employees

As
of December 31, 2024, we employed 45 full-time employees. None of our employees are represented by a collective bargaining agreement,
nor have we experienced any work stoppage. We consider our relations with our employees to be satisfactory. Our future success depends
on our continuing ability to attract and retain highly qualified employees and senior management personnel. In addition, we have independent
contractors whose services we are using on an as-needed basis to assist with our sales and marketing activities and engineering activities. 

16

ITEM
1A. RISK FACTORS.

Our
future operating results could differ materially from the results described in this Annual Report due to the risks and uncertainties
described below. You should consider carefully the following information about risks in evaluating our business. If any of the following
risks actually occur, our business, financial condition, results of operations and future growth prospects would likely be materially
and adversely affected. Additional risks and uncertainties not presently known to us or that we currently deem immaterial also may impair
our business operations in these circumstances