Company: BWAY
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001171843-25-002347
Chunk: 34

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 5
Chunk 34
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 or third parties we contract with, collect, store or transfer PHI, we may be required to safeguard
PHI in accordance with HIPAA. Furthermore, to the extent we qualify as a business associate under HIPAA, we may be directly subject to
HIPAA’s Privacy Rule.

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While we implemented security measures relating to
our operations, generally, those measures may not prevent security breaches that could harm our business or expose us to liability under
HIPAA and/or applicable state or foreign privacy laws. Advances in computer capabilities, inadequate technology or facility security measures
or other factors may result in a compromise or breach of our systems and any data we store and process. Our security measures may be breached
as a result of actions by third parties or employee error or malfeasance, among many other possibilities. A party who is able to circumvent
our security measures or exploit inadequacies in our security measures, could, among other things, misappropriate proprietary information,
including information about our customers and their patients, cause the loss or disclosure of some or all of this information, cause interruptions
in our or our customers’ operations or expose our customers to computer viruses or other disruptions or vulnerabilities. Any compromise
of our systems or the data we store or process could implicate reporting requirements, civil penalties, and other enforcement actions
under applicable laws, result in a loss of confidence in the security of our software, damage our reputation, disrupt our business, lead
to legal liability, and adversely affect our results of operations. Moreover, a compromise of our systems could remain undetected for
an extended period of time, exacerbating the impact of that compromise. Actual or perceived vulnerabilities may lead to claims against
us by our customers, their patients or other third parties, including federal, state and foreign governmental authorities. While our customer
agreements typically contain provisions that seek to limit our liability, there is no assurance these provisions will be enforceable and
effective under applicable law. In addition, the cost and operational consequences of implementing further data protection measures could
be significant.

We may seek
to grow our business through acquisitions or investments in new or complementary businesses, products or technologies, and/or through
the licensing of products or technologies from third parties. The failure to manage acquisitions, investments, licenses or other strategic
alliances, or the failure to integrate them with our existing business, could harm our business.

Our success depends in part on our ability to continually
enhance and broaden our product offerings in response to changing customer demands