Technology
High Temperature Superconducting Wires Market size is set to grow by USD 307.8 million from 2024-2028, Increased adoption of high temperature superconducting wires in medical applications to boost the market growth, Technavio
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2 years agoon
By
NEW YORK, July 25, 2024 /PRNewswire/ — The global high temperature superconducting wires market size is estimated to grow by USD 307.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.09% during the forecast period. Increased adoption of high temperature superconducting wires in medical applications is driving market growth, with a trend towards growing adoption of renewable energy. However, high cost of high temperature superconducting wires poses a challenge. Key market players include American Superconductor Corp., Bruker Corp., Fujikura Ltd., Furukawa Electric Co. Ltd., High Temperature Superconductors Inc., Hitachi Ltd., Innova Superconductor Technology Co. Ltd., Japan Superconductor Technology Inc., MetOx Technologies Inc., Southwire Co. LLC, Sumitomo Electric Industries Ltd., SuNam Co. Ltd., Supercon Inc., and THEVA Dunnschichttechnik GmbH.
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Forecast period
2024-2028
Base Year
2023
Historic Data
2018 – 2022
Segment Covered
Type (Second generation HT superconductors wires and First generation HT superconductors wires), Application (Healthcare, Electronics, R and D, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
Region Covered
APAC, North America, Europe, South America, and Middle East and Africa
Key companies profiled
American Superconductor Corp., Bruker Corp., Fujikura Ltd., Furukawa Electric Co. Ltd., High Temperature Superconductors Inc., Hitachi Ltd., Innova Superconductor Technology Co. Ltd., Japan Superconductor Technology Inc., MetOx Technologies Inc., Southwire Co. LLC, Sumitomo Electric Industries Ltd., SuNam Co. Ltd., Supercon Inc., and THEVA Dunnschichttechnik GmbH
Key Market Trends Fueling Growth
The renewable energy sector has experienced significant growth due to increasing global adoption and government incentives. According to the International Energy Agency (IEA), renewables accounted for 25% of the world’s electricity generation in 2018, with this figure projected to reach almost 30% by 2023. Renewable energy sources, including wind, geothermal, solar, biomass, and waste, have gained popularity due to their environmental sustainability and affordability. High temperature superconducting wires have become essential components in renewable energy systems, particularly in wind turbines. These wires offer benefits such as higher efficiency, specific output power, compactness, and increased resources. Two main concepts for designing superconducting wind turbine generators are fully superconducting machines and partially superconducting machines. In fully superconducting machines, both the rotor and stator windings are superconducting, while in partially superconducting machines, superconducting wires are used for field excitation windings. The demand for high temperature superconducting wires in renewable energy sources is expected to drive the growth of the global high temperature superconducting wires market during the forecast period.
The High Temperature Superconducting (HTS) Wires market is experiencing significant growth due to increasing demand in various sectors. In the energy sector, HTS wires offer improved power efficiency and reduced energy losses in transformers and electric motors, making them a preferred choice for capacity addition in power generation and distribution. The medical sector benefits from HTS wires in MRI scanners, CT scans, magnetic resonance spectrometers, and particle beam therapy, enhancing diagnostic accuracy and patient care. The defense sector utilizes HTS wires for advanced applications, including motors and generators, while the automotive industry explores their use in electric vehicles for increased efficiency and performance. Research institutions continue to invest in HTS wires for developing new technologies and applications. HTS wires are manufactured using advanced metal alloys, primarily Niobium-Titanium, and are available as high-temperature superconducting cables, including warm dielectric and cryogenic dielectric types. The market’s growth is driven by the increasing demand for energy efficiency, urbanization, and the development of smart cities. The manufacturing cost and raw materials are under constant review to ensure affordability and competitiveness. HTS wires’ high conductivity and load capacities make them ideal for use in transformers, electric motors, wind turbines, and other applications. The utility segment and renewable industry, particularly wind energy farms, are key markets for HTS wires, with energy generation and distribution benefiting from their superior performance. The market is expected to continue growing as new applications and industries discover the advantages of HTS wires.
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Market Challenges
The high temperature superconducting wires market has witnessed significant attention due to their potential applications in various industries, particularly in renewable energy generation. However, the high cost of these wires, which is approximately USD300–USD400/kA-m, poses a significant challenge to their widespread adoption. This cost represents over half the expense of the device in which the wire is integrated, making it a substantial investment. Despite the potential benefits of high temperature superconducting wires in refrigeration systems, such as smaller and more efficient cooling systems, their high cost has limited their market penetration. The theoretical performance advantages of these wires in refrigeration systems have yet to be proven in practice, further hindering investment in this market. Vendors are focusing on developing cost-effective high temperature superconducting solutions to address these challenges. The success of these efforts will be crucial in driving the growth of the global high temperature superconducting wires market during the forecast period.High-temperature superconducting wires are revolutionizing the power industry by enabling more efficient power transmission and distribution. These wires, which can carry large currents with minimal energy loss, are crucial for high-capacity addition in the utility segment and renewable industry. However, challenges remain, such as the need for cryogens like liquid nitrogen for cooling, and the high cost compared to conventional wires. In power transmission, high-temperature superconducting cables offer significant advantages, including increased conductivity and load capacities. In the renewable industry, these cables are essential for wind energy farms, both onshore and offshore, where long-distance power transmission is necessary. Superconducting technologies also have applications in motors and generators, nuclear fusion reactors, particle accelerators, and MagLev trains. However, the lack of expertise and economies of scale in high-temperature superconducting wire production pose challenges. Despite these challenges, the benefits of high-temperature superconducting wires are significant. They offer cost-efficiency and improved performance in various industries, from power transmission infrastructures to transportation, medical diagnostics, and electric vehicles. A consortium of companies and researchers is working on developing warm dielectric and cryogenic dielectric cables to reduce the need for cryogens. Meanwhile, advancements in superconducting technology continue to push the boundaries of what is possible, from temperature superconducting cable for transmission lines to applications in DEMO Fusion Reactor and MagLev trains. In conclusion, high-temperature superconducting wires offer significant advantages in various industries, but challenges remain in terms of cost, expertise, and cryogenic cooling. Ongoing research and development efforts aim to address these challenges and unlock the full potential of this promising technology.
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Segment Overview
This high temperature superconducting wires market report extensively covers market segmentation by
Type 1.1 Second generation HT superconductors wires1.2 First generation HT superconductors wiresApplication 2.1 Healthcare2.2 Electronics2.3 R and D2.4 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa
1.1 Second generation HT superconductors wires- The High Temperature Superconducting (HTS) Wires Market is experiencing significant growth due to increasing demand for energy-efficient solutions in various industries. HTS wires offer lower energy loss and higher current carrying capacity compared to traditional wires. Key players in the market include General Electric, Sumitomo Electric Industries, and American Superconductor. HTS wires find applications in power transmission, MRI systems, and industrial motors. Market growth is driven by factors such as government initiatives for renewable energy and advancements in HTS wire technology.
For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report
Learn and explore more about Technavio’s in-depth research reports
The global Superconducting Magnetic Energy Storage (SMES) market is set for significant growth due to increasing energy storage needs and advancements in superconducting materials. The global Wire Bonder Equipment market is driven by the rising demand for semiconductor devices, essential in various electronic applications. Meanwhile, the global Smart Grid Sensors market is expanding rapidly, fueled by the need for efficient energy management and the integration of IoT in power grids. Key players are investing in innovative technologies to enhance performance and reliability across these markets.
Research Analysis
High-temperature superconducting (HTS) wires are revolutionizing the energy sector with their ability to conduct large electrical currents with minimal energy loss at relatively higher temperatures compared to conventional wires. HTS wires are used in various applications, including power transmission and distribution cables for enhancing power efficiency. Unlike traditional cryogenic cables that require liquid nitrogen cooling, HTS wires can operate with warm dielectric or cryogenic dielectric insulation. HTS cables have significant potential in power transmission infrastructures, offshore wind farms, motors, and various industries such as superconducting technologies for MagLev trains, nuclear fusion reactors, particle accelerators, and research facilities in the energy, medicine, research, defense, automotive sectors, and more. HTS wires are typically made of metal alloys like Niobium-Titanium, making them a valuable investment for the future of power transmission and energy efficiency.
Market Research Overview
High-temperature superconducting cables (HTS cables) are revolutionizing power transmission and distribution, offering increased conductivity and load capacities compared to conventional wires. HTS cables operate at warmer temperatures, reducing the need for expensive cryogens like liquid nitrogen. Two main types exist: warm dielectric cables and cryogenic dielectric cables. HTS cables are used in various industries, including power transmission, distribution, motors, and generators, particularly in the utility segment and renewable industry. They are essential for wind energy farms, both onshore and offshore, enabling capacity addition with greater efficiency. Superconducting technologies are also used in MagLev trains, nuclear fusion reactors, particle accelerators, and more. HTS cables offer cost-efficiency and economies of scale but require expertise in manufacturing and handling. The energy sector, medicine sector, research sector, defense sector, and automotive sector are potential markets for HTS cables. HTS cables are made of metal alloys like Niobium-Titanium and are used in transformers, electric motors, wind turbines, and other applications. Urbanization and smart cities also present opportunities for HTS cables in electric devices, medical equipment, automobiles, and standard testing facilities. HTS cables are cooled using helium or nitrogen cooling and offer significant power efficiency advantages over conventional wiring.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TypeSecond Generation HT Superconductors WiresFirst Generation HT Superconductors WiresApplicationHealthcareElectronicsR And DOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Email: media@technavio.com
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SOURCE Technavio
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OASE+ and Elsevier Agree Next-Phase Read and Publish Agreement to Expand Open Access Publishing in Japan
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A new three-year term removes the annual cap on open access publishing under the Read and Publish agreement and extends eligibility beyond universities
TOKYO, Oct. 26, 2026 /PRNewswire/ — OASE+ (Open Access for Scholarly Empowerment +), the collective negotiating body established with Japanese government support to advance the country’s national open access policy, and Elsevier, a global leader in advanced information and decision support, have agreed a read-and-publish agreement covering 2027 to 2029.
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A separate agreement applies the same approach to Cell Press. For institutions that subscribe to Cell Press Hybrid titles, reading access and open access publishing will cover the subscribed titles. The agreement will also have no annual cap on the number of open access articles and run from 2027 to 2029.
The agreement also extends eligibility for the first time beyond universities to national research and development agencies, opening participation to a substantial part of Japan’s publicly funded research base.
Japan is one of the world’s largest producers of scientific research. Wider open access publishing increases the international visibility of that research, supports collaboration across borders, and helps ensure Japanese findings inform science, practice and policy well beyond Japan. It also advances the objectives of the Japanese government’s National Policy on Promoting Open Access to Publicly Funded Scholarly Publications and Scientific Data.
The agreement follows extended discussions between OASE+ and Elsevier and reflects the findings of a survey of the needs of institutes that expressed interest in the Read and Publish agreement, as well as experience gained through the current framework.
Professor Yasuteru Shigeta of the University of Tsukuba, Chair of OASE+, said: “In 2024, OASE was established under the Japanese government’s ‘National Policy on Promoting Open Access to Publicly Funded Scholarly Publications and Scientific Data’. Through collaboration with JUSTICE, OASE has since strengthened its framework as OASE+. This enhanced structure enabled constructive negotiations with Elsevier, building upon the achievements and experience gained through the pilot proposal implemented for JUSTICE through 2026. As a result, we are pleased that researchers will be able to publish open access in Core Hybrid journals without any cap on the number of articles, and that Cell Press Hybrid journals are now also available under a Read and Publish agreement. While there should be multiple valid approaches to advancing open access, we hope that this agreement will serve as one of those pathways and help enhance the visibility of research from Japan to create positive impact.”
Gemma Hersh, Senior Vice President, Sales and Commercial Director, Primary Research, Elsevier, said: “We are delighted that this new agreement with OASE+ will enable us to further develop our long-standing partnership with the Japanese research community. We are grateful to OASE+ and the institutions that expressed interest in the agreement for the collaboration and pragmatism they brought to our discussions, and for helping to establish a framework with broader reach across Japan’s research base. Japan’s research is of global importance, and this agreement will help ensure more of it is openly available to researchers around the world.”
Further information is available from OASE+ and on Elsevier’s open access agreements page.
Notes to editors
A Read and Publish agreement combines, in a single contract, the subscription fees research institutions paid publishers for access to scholarly articles with the fees for publishing articles open access (article publishing charges, or APCs).
Core Hybrid journals are subscription-based journals that also give authors the option to publish individual articles open access. Under the 2027 to 2029 agreement, open access publishing in eligible Core Hybrid journals is available without an annual open access publishing limit.
Cell Press Hybrid journals are subscription-based Cell Press journals that also give authors the option to publish individual articles open access. A companion agreement covering 2027 to 2029 applies to Cell Press Hybrid journals, under which reading access and open access publishing are aligned to the Cell Press Hybrid journals an institution subscribes to, without an annual open access publishing limit.
Institutions that have expressed interest will not necessarily enter into the agreement immediately. Each institution reviews the terms and decides independently whether to participate, and contract commencement dates will vary. Institutions wishing to participate must submit an expression of interest through OASE+. As of October 21, 167 institutions have expressed interest in the agreement with Elsevier.
About OASE+
OASE+ (Open Access for Scholarly Empowerment +) is a team supported by the Japanese government working to establish a collective bargaining framework, led by universities and other research institutions, for negotiations with academic publishers. Through discussions with global academic publishers, OASE+ aims to contribute to the realization of the Japanese government’s National Policy on Promoting Open Access to Publicly Funded Scholarly Publications and Scientific Data.
OASE+ succeeds the activities of OASE, which was established in 2024, and operates as a joint initiative involving the Japan Alliance of University Library Consortia for E-Resources (JUSTICE) and OASE to promote open access to scholarly publications. For more information, visit the OASE+ website.
About Elsevier
Elsevier is a global leader in advanced information and decision support. For over a century, we have been helping advance science and healthcare to advance human progress. We support academic and corporate research communities, doctors, nurses, future healthcare professionals, and educators across 170 countries in their vital work. We help impact makers achieve better outcomes with research and clinical-grade solutions built on the world’s leading evidence-based scientific and medical content, precision AI, and expert human assessment. We champion inclusion and sustainability, working with the communities that we serve. The Elsevier Foundation supports research and health partnerships around the world.
Elsevier is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. For more information, visit www.elsevier.com and follow us on social media @elsevierconnect.
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uSMART and PIVOT Fintech Introduce GlobalSave Portfolios Balanced Strategy on FollowSmart
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FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) (renamed from AIxCrypto Holdings, Inc. and AIXC, effective September 30, 2026) is a U.S.-based Embodied AI (EAI) robotics company that is in the process of acquiring the FF EAI Robotics business. Upon completion of the acquisition, the Company will focus on the research and development, manufacturing, commercialization, and deployment of intelligent robotic technologies, products, and industry solutions.
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For more information, visit www.ff.com.
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FFR Forward-Looking Statements
This communication, including any presentation, press release, investor materials or other document of which it forms a part (this “Communication”), contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws, regarding FF EAI Robotics Ecosystem Inc. (“FFR,” the “Company,” “us,” “our,” or “we”) and our industry. All statements, whether written or oral, other than statements of historical fact, including any financial projections and any statements regarding future events, our strategy, our transition to robotics operations, our plans for RoboShare, our digital asset disposition plans, the proposed acquisition of the FF EAI Robotics business, the projections referenced in this communication, our name and ticker change, any related financing, and the anticipated benefits and timing of the foregoing, our objectives, expectations, or anticipated actions or results, are forward-looking statements. You can often identify forward-looking statements by words such as “may,” “might,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” “likely,” or “continue,” or the negative of these terms or other similar expressions; the absence of these words does not mean a statement is not forward-looking. These statements reflect our current expectations and projections about future events as of the date of this Communication and are necessarily based on estimates and assumptions that, while considered reasonable by management, are inherently uncertain. FFR can give no assurance that such forward-looking statements or financial projections will prove to be correct.
Actual results may differ materially from those expressed or implied by these forward-looking statements as a result of numerous risks and uncertainties, both general and specific, including, but not limited to:
The proposed acquisition transaction and PIPE. The definitive agreements may be terminated in accordance with their terms, and the proposed transactions may not be completed on the terms described or at all; the conditions to closing, including the completion of FFAI’s internal restructuring of the robotics business, the execution of key employee agreements and other customary conditions, and the parties’ ability to satisfy them; the risk that the stockholder approval required under Nasdaq listing rules for the conversion of the preferred stock issued as consideration is not obtained or is delayed, and the effect of the conversion restrictions and the information statement process on the timing of conversion; the timing of the transaction and the costs of pursuing it; the issuance of a substantial number of shares as consideration and the resulting dilution to existing stockholders; the fact that the counterparty is our controlling stockholder, that it will hold a substantial majority of our outstanding shares following closing, that certain members of management serve both companies, and the conflicts of interest inherent in the transaction; the risk that the agreed valuations do not reflect the market value of our shares or of the acquired business; our dependence on the counterparty for transition, supply and support following any closing; the scope and enforceability of the non-competition and governance arrangements; the consequences of the transaction under Nasdaq listing rules, including the possibility that Nasdaq determines that the transaction requires us to satisfy initial listing requirements in connection with a business combination, change of control or change in the nature of our business; the risk that the PIPE financing, on which the transaction is not conditioned, is not completed on the anticipated terms or at all; the risk of litigation relating to the transaction; our ability to integrate and operate the acquired business; and the risk that the acquired business performs differently than anticipated.
Projections. The projections referenced in this communication were prepared by FFAI management for the FF EAI Robotics business on a standalone basis and do not reflect our existing business, transaction-related expenses or the combined company. We have not independently verified them or adopted them as guidance. They were not prepared with a view toward public disclosure or toward compliance with the published guidelines of the Securities and Exchange Commission or the American Institute of Certified Public Accountants regarding prospective financial information, and no independent registered public accounting firm has examined, compiled or performed any procedures with respect to them, and none expresses an opinion or any other form of assurance with respect to them. The projections reflect estimates and assumptions that are inherently uncertain and subject to change, including through due diligence and the review of our special committee and its financial advisor. Actual results are likely to differ, and may differ materially.
Liquidity, capital and going concern. Our limited cash and liquidity position and our history of operating losses and negative operating cash flow; substantial doubt regarding our ability to continue as a going concern, as described in our periodic reports; our need to obtain additional financing on acceptable terms or at all, and the substantial dilution to existing stockholders that additional financing may cause, including any financing completed in connection with the proposed transaction, which may not be completed or may be on less favorable terms than anticipated; our ability to fund operations pending and following the disposition of our digital asset positions; and our ability to satisfy the continued listing requirements of The Nasdaq Stock Market, including stockholders’ equity, minimum bid price and other applicable standards.
Our strategic transition and the disposition of digital assets. Risks associated with a fundamental shift in our business strategy and the redeployment of resources from a digital asset treasury strategy to robotics operations; our ability to execute the disposition of our digital asset positions in an orderly manner and on acceptable terms; the risk that amounts realized on disposition are materially less than carrying value as a result of price volatility, market depth, execution timing, custody or transfer constraints, or other limitations; tax, accounting and regulatory consequences of the dispositions; the continued volatility and regulatory uncertainty associated with digital assets and cryptocurrencies during the wind-down period; the concentration of a substantial portion of our assets in a single equity investment, including an investment in a related party, and the illiquidity, valuation uncertainty, holding-period and transfer restrictions associated with that investment; and risks arising from our relationships and agreements with related parties and significant stockholders.
Our robotics operations business. Our limited operating history in robotics operations and commercialization and the absence of a meaningful revenue history; the early stage of RoboShare and the risk that customer demand, repeat demand, pricing, utilization or unit economics do not develop as anticipated; our dependence on a small number of customers, on a single initial geographic market, and on individual events or engagements, and the risk that the loss of, or a change in the terms of, any such relationship has a disproportionate effect; our dependence on third-party robot owners, operators, suppliers, original equipment manufacturers and local partners, and on their willingness to make robots available on our platform; risks relating to the availability, cost, quality, maintenance, transport, insurance and technological obsolescence of robots and related equipment, and to supply chains, tariffs and trade measures affecting them; and our ability to expand into additional markets and to attract and retain participants on both sides of our marketplace.
Operations, safety and liability. Risks of property damage, personal injury or death arising from the operation of humanoid robots, quadrupeds and other autonomous or semi-autonomous machines in proximity to performers, employees, guests and the public, including at live events and in uncontrolled environments; product liability, premises liability, negligence and related claims and the adequacy, scope, availability and cost of our insurance coverage and of contractual indemnities from customers, owners and suppliers; the allocation of responsibility among us, robot owners, venues, event producers and customers; permitting, licensing, occupational safety and event-specific regulatory requirements; and the reputational consequences of any safety incident.
Technology, data and intellectual property. Systems, network, telecommunications or service disruptions, failures, defects or cyber-attacks; the performance, reliability and autonomy limitations of robotic systems and of the software, models and networks that support them; our collection, use, storage, transmission and protection of personal information, including images and any biometric or biometric-adjacent data captured in the course of robot deployments, and evolving privacy, biometric and artificial intelligence laws and regulations across the jurisdictions in which we operate or intend to operate; our ability to obtain, maintain, protect and enforce our intellectual property rights and to defend against third-party claims of infringement or misappropriation; and our reliance on third-party technology, platforms and licenses.
Legal, regulatory and general. The regulated industries and jurisdictions in which we operate; current or future laws or regulations and new interpretations of existing laws or regulations, including those applicable to digital assets, robotics, autonomous systems, consumer protection, advertising and endorsements; the risk that our marketplace arrangements, or the manner in which they are described, are characterized differently than we intend by regulators or courts; the failure of counterparties to perform their contractual obligations; litigation, regulatory inquiries, investigations and enforcement actions, and their costs and outcomes; business, economic, market and capital-market conditions; competition in our industry; changes in market demand for, and the pricing of, our products and services; our ability to define, design and release new products and services in a timely manner that meet customer needs; our ability to attract, retain and motivate qualified personnel, including key management; our ability to manage our growth and our transition; and our ability to maintain effective internal control over financial reporting and disclosure controls and procedures.
This list of factors is not exhaustive. Additional risks and uncertainties are described more fully in our filings with the U.S. Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2025, our Quarterly Reports on Form 10-Q, and our subsequent filings, which are available on the SEC’s website at www.sec.gov. Investors are urged to review the liquidity, capital resources and going concern disclosures contained in those reports.
The forward-looking statements in this Communication speak only as of the date hereof. Except as required by law, neither FFR nor any other person undertakes any obligation to update or revise any forward-looking statement or financial projection set out herein, whether as a result of new information, future events or otherwise. This Communication is provided for informational purposes only, does not constitute an offer to sell or the solicitation of an offer to buy any security, and does not constitute investment, tax or legal advice or any investment recommendation, and does not take into account the investment objectives or financial situation of any person. FFR reserves the right to amend or replace the information contained herein, in whole or in part, at any time, and undertakes no obligation to notify any recipient thereof. Readers are cautioned not to place undue reliance on these forward-looking statements. This caution is made under, and these forward-looking statements are intended to be covered by, the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
FFAI FORWARD LOOKING STATEMENTS
Important factors that may affect actual results or outcomes include, among others: the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations, which it currently lacks; the availability of sufficient share capital to meet its current obligations and execute on its strategy; the willingness of convertible debt investors to fund the Company; demand for the Company’s robotics products; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; the ability of the Company to build an EAI education ecosystem that serves both the B2C consumer market and the B2B institutional education market; the acceptance by teachers and students of the Company’s robotics products in the education market; the ability of the Company to expand into additional markets for its robotics products; the Company’s reliance on a single OEM for most of its robotics products; the Company’s reliance on Chinese OEMs for all of its robotics products; the possibility of the federal government banning imports of Chinese robotics products; the Company’s ability to get the planned robotics products to comply with all applicable U.S. rules and regulations; the ability of the robotics OEM to timely supply robotics to the Company; tariff uncertainty for imported products, particularly from China; the ability of the Company to close its transaction with FF EAI Robotics Ecosystem Inc. (FFR) for the sale of its robotics business; demand from automobile dealers for robotics products; the Company’s ability to homologate FX vehicles for sale; the Company’s ability to secure the necessary funding to execute on the FX strategy, which is substantial; the Company’s ability to secure an occupancy certificate covering all of its Hanford facility; the Company’s ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of substantial losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s ability to execute on its plans to enter the robotaxi and cybercab industries; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company’s control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company’s operations in China; the success of the Company’s remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company’s ability to develop and protect its technologies; the Company’s ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings; the volatility of the Company’s stock price; the ability of the Company to maintain its stock price above $1.00; and the ability of the Company to maintain compliance with Nasdaq regulations for continued listing. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 13, 2026; the quarter ended March 31, 2026, filed with the SEC on May 14, 2026; and Form 10-K filed with the SEC on March 31, 2026, and other documents filed by the Company from time to time with the SEC.
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