Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 58

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 58
---
 training new personnel; •controlling expenses and investments in anticipation of expanded operations; •establishing and maintaining relationships with customers, distributors, and suppliers; •expanding our production capacities; •pursuing strategic acquisitions and investment opportunities and entering into collaborations, joint ventures, strategic alliances or partnerships; •implementing and enhancing operation infrastructure, systems and processes; •expanding our market share in the hospital intralogistics markets globally, including Europe and Asia, through the Otsaw -SwisslogJV. The growth and expansion of our business and operation create significant challenges for our management, operational, and financial resources, including managing multiple relationships and interactions with customers, distributors, suppliers, and other third parties. As we continue to grow, our information technology systems, internal controls and procedures and production processes may not be adequate to support our operations. To ensure success, we must 31 continue to improve our operational, financial, and management processes and systems and to effectively expand, train, and manage our employee base, and effectively manage our growing production, inventory management and sales and marketing needs. We have recently hired a significant number of new employees. We expect to continue to add additional personnel in the sales and marketing, research and development, production, and customer services teams, in Singapore and globally. Integrating a large number of new employees in a short time can cause disruptions to personnel and projects management, culture, priorities and the company as a whole. New employees may not perform as expected or may not fit culturally, and long -termemployees may not embrace new leaders, priorities, methods, processes or other changes and may decide to leave or may not perform as well as in the past. Further, because of the innovative and complex nature of our technology, personnel with the necessary experience have not been, and likely will continue not to be, readily available to hire, and as a result, we will need to expend significant time and expense to recruit and retain experienced employees and appropriately train any newly hired employees. Competition for individuals with experience developing, producing and servicing our products, especially our robots and their software, is intense, and we may not be able to attract, integrate, train, motivate or retain additional highly qualified personnel. Any failure to attract, integrate, train, motivate and retain our employees or any difficulty in adjusting to a larger organization with a large number of new employees could significantly impact our research and development, production and service and materially harm our business, prospects, financial condition and operating results. Entering into strategic alliances, such as our joint venture with