Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 53

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 53
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, O -RXrobots, store and may analyze certain types of personal or identifying information regarding human, objects, environments that interact with the AMRs. However, by the design of our AMR systems and software, these types of personal or identifying information are only transmitted between the AMRs and the systems of our end -usercustomers and they are stored, processed, and controlled solely by our end -usercustomers. We are isolated from such information, and we maintain stringent data security measures and access procedures to prevent our employees, suppliers, distributors and service providers, from accessing these personal or identifying information and other proprietary or confidential information of our end -usercustomers. However, the regulatory framework for privacy and security issues is rapidly evolving worldwide and is likely to remain uncertain for the foreseeable future. As a result of our international operations, not only do we have to comply with Singapore’s data privacy laws and regulation (such as Singapore’s Cybersecurity Act and Personal Data Protection Act), we must also comply with a multitude of data security and privacy laws that may vary significantly from jurisdiction to jurisdiction. Most jurisdictions in which we operate have established or are in the process of establishing data security and privacy legal frameworks which we and our customers must comply with. As the interpretation and application of many privacy and data protection laws are uncertain, these laws may be interpreted or applied differently across jurisdictions, and in a manner that is inconsistent with our current data management practices or the features of our products. If so, in addition to the possibility of fines, lawsuits and other claims and penalties, we could be required to fundamentally change our business activities and practices or modify our products to comply with such regulations, which could have an adverse effect on our business. Furthermore, the costs of compliance with such data privacy laws, regulations, and policies that are also applicable to the businesses of our customers may limit the use and adoption of our products, reducing the overall demand. Privacy and data security concerns, whether valid or not valid, may inhibit market adoption of our products, particularly in certain industries and foreign countries. For example, in the United States, all 50 states have now passed laws to regulate the actions that a business must take in the event of a data breach, such as prompt disclosure and notification to affected users and regulatory authorities. In addition to the data breach notification laws, some states have also enacted statutes and rules requiring businesses to reasonably protect certain types of personal information they hold or to otherwise comply with certain specified data security requirements for personal information. Additionally, the U.S. federal and state governments will likely