Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 191

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 191
---
 the production and manufacturing of the TransCar AGVs pursuant to the Supply Agreement, which was entered into on May31, 2023 between KUKA Industries GmbH & Co. KG Obernburg (now Reis Robotics, following its acquisition by CT Pack Srl and Swiss FAI Holding AG on June30, 2023 and its subsequent change of name) and Otsaw Swisslog Healthcare Robotics Pte. Ltd. Under the Supply Agreement, the duration of the first contractual year was for the period from May1, 2023 to December31, 2024. Based on discussions and mutual understanding between the parties at a meeting, the parties have agreed to continue performance under the existing Supply Agreement through June30, 2025 and Reis Robotics will discontinue manufacturing of the TransCar AGVs on June 30, 2025. No formal amendment to the Supply Agreement was executed in connection with this extension. The next generation of TransCar, Transcar 5.0, will then be produced in -houseat our manufacturing facility in Singapore. Under the Supply Agreement, Reis Robotics agreed to deliver 49 TransCar AGVs during the first contractual year in 2023, and for the following years, the Otsaw -SwisslogJV is to submit purchase orders to Reis Robotics for the TransCar AGVs for each respective year. In 2024, the Otsaw -SwisslogJV purchased 25 TransCar AGVs from Reis Robotics. The Supply Agreement also provides for pricing and delivery terms, as well as termination for cause provisions. If termination for good cause is undertaken by Reis Robotics, it is entitled to the payment of the contract price in full minus such savings incurred by Otsaw due to the termination, and Otsaw is obliged to reimburse all the expenses and costs which have been occurred until the termination. We are currently in the process of technology transfer and developing the production capacity for the TransCar AGVs in our Singapore headquarters. Suppliers Serial Microelectronics Pte. Ltd., Activ Technology Pte. Ltd. (“Active Technology”), Swisslog Healthcare GmbH, and Swisslog Healthcare Asia Pacific Pte. Ltd. are related parties to us (please refer to the section entitled “Related Party Transaction” for further detail regarding related party transactions and our policies and procedures with respect to such transactions). Serial Microelectronics Pte. Ltd. and Serial System International Pte. Ltd. (“Serial System”) are part of Serial System Ltd. Swisslog Healthcare GmbH and Swisslog