Company: OTSA
Filing Date: 2025-03-26
Form Type: DRS/A
Source: 0001013762-25-002776
Chunk: 183

Company: OTSAW Ltd
Filing Date: 2025-03-26
Form: DRS/A
Chunk 183
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 its modular capabilities, allowing it to be adapted for different use cases, from basic last mile logistics to critical healthcare deliveries. We believe that our AMRs and robotic solutions will augment and enhance human labor. As such, our primary competition will still be traditional modes of human labor, such as traditional facilities management service providers which provide security services, disinfection services, logistics services, and last -mileor intra -facilitydelivery services. However, these facilities management service providers may also be our potential customers. To overcome potential resistance to technology and to establish a positive industry perception of AMR and robot -enhancedfacilities management services, we will continuously demonstrate to our customers, particularly those who are cost -sensitive, the value proposition and the cost -efficiencyof our products in comparison to traditional labor — increased productivity, freeing labor by allowing human to focus on higher -valueworks, reduction of cost and reliance on human capital, and the enhanced reliability of robots to reduce human error. We expect that we will compete on the following factors: •technological, product, and software innovation; •product quality, reliability and safety; •product features and performance; •product pricing; •production capacity, hence efficiency and economies of scales; •brand name recognition; •customer service and product support; and •existing customer relationships. We believe we do and will compete favorably on these factors; however, our potential competitors may have greater financial, technical, manufacturing and other resources than we have. Our competitors may be able to deploy greater resources for the design, development, manufacturing, distribution, promotion, sales, marketing and support of their products. Additionally, our competitors may have greater name recognition, longer operating histories, larger sales forces, broader customer and industry relationships and other tangible and intangible resources than we have. These competitors also compete with us in recruiting and retaining qualified research and development, sales, marketing and management personnel, as well as in acquiring technologies complementary to, or necessary for, our products. Additional mergers and acquisitions in the industrial robotics market may result in even more resources being concentrated on our competitors. Employees As of the date of this prospectus, we had 87 full -timeemployees, 77 of whom are based in our headquarters in Singapore, 8 based in Germany and 2 based in the United States. As of April 30, 2024, we had 92 full -timeemployees 79 of whom are based in our headquarters, 11 based in Germany and 2 based in the United States. As of April