Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 5

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 5
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 certified with no thermal runaway risk. Products
are NEMA 3R rated for indoor/outdoor use, support both AC- and DC-coupled solar, and allow capacity expansion without requiring an additional
inverter.

Market Focus. Unlike
some competitors that sell storage primarily as an add-on to solar, NeoVolta is focused entirely on energy storage. We target independent
installers and distributors that are underserved by larger providers, particularly in retrofit markets and emerging commercial segments.

We believe these differentiators
allow us to compete effectively in a rapidly growing market, even against larger, more established participants.

Intellectual Property & Product Development

We rely on a combination of
patents, trademarks, copyrights, trade secrets, and contractual protections to safeguard our technology and brand. As of September 2025,
we hold three issued U.S. utility patents:

·U.S. Patent No. 10,998,730 B1 – directed
to NeoVolta’s solar power inverter system.

·U.S. Patent No. 11,502,618 B2 – directed
to NeoVolta’s generators.

·U.S. Patent No. 11,605,952 B1 – an expansion
of our inverter system patent.

We expect to continue filing
for patent protection when appropriate as we expand our technology portfolio.

In addition to patents, we protect our intellectual
property through nondisclosure agreements, confidentiality provisions, and invention assignment agreements with employees, consultants,
and advisors. Despite these protections, unauthorized parties may attempt to copy aspects of our products or use information we consider
proprietary. The success of our business depends in part on our ability to defend against misappropriation and infringement.

Product Development.
We continue to invest in research and development to expand our product offerings. In addition to our core NV14 and NV24 ESS products,
we have launched NVPlus, a higher-capacity residential and small commercial system; the NV7600 stand-alone inverter; and two new products
in 2025: (i) a 250 kW / 430 kWh commercial and industrial BESS, and (ii) the NV16 kW AC hybrid inverter with 24 kW PV input. We are also
exploring partnerships to accelerate development of next-generation systems.

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Regulatory Environment

The energy storage industry
is subject to a complex and evolving regulatory framework at the federal, state, and local levels. In recent years, regulators have adopted
new safety, interconnection, and performance