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

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 5
Chunk 22
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 long-term supply of these components. We remain dependent on a single outsourcing
company utilized for the manufacture of certain components in our newer systems, including our proprietary stimulator, and other third
parties for various other components. For us to be successful, our suppliers and contract manufacturer must be able to provide us with
components in sufficient quantities, in compliance with quality and regulatory requirements, in accordance with agreed upon specifications,
at acceptable costs and on a timely basis. While these suppliers have generally met our overall demand requirements, we experienced certain
challenges with specific product orders (including but not limited to orders of important capacitors for use within our proprietary stimulator)
not conforming with the times and specifications initially set, which has in turn necessitated contingency measures - such as increased
inventory orders and/or lengthened order periods - to compensate for future possible risks in this regard. Moreover, the willingness
of these third parties to continue meeting our demands going forward may be limited for several reasons, including our lack of long-term
agreements with those suppliers, geopolitical factors, internal capabilities, our relative importance as a customer of those suppliers,
or, as applicable, their ability to produce the components for or provide assembly services to manufacture our Deep TMS systems. An interruption
in our commercial operations could occur if we encounter delays or difficulties in securing these components, if we cannot obtain an
acceptable substitute for these components, if changes are made to the specifications of components which are incompatible with our systems,
and/or if any mitigation plan involving alternative suppliers (which may include the need to transfer aspects of manufacturing or assembly
from one geographical location to another) is delayed or unsuccessful. In addition, we have experienced, and may continue to experience,
supply chain issues, which are in part related to, or exacerbated by, geopolitical instability and military threats on shipping routes
and/or on regions in which our manufacturing activities take place. See “ - Our operations could be affected in the event
of further geopolitical instability, war, supply chain disruptions, unfavorable market or political conditions, global pandemic or other
outbreaks or other negative global trends or disruptions.” and “ - We have manufacturing, assembly and other significant
functions that are located in Israel and, therefore, our business and operations may be adversely affected by political, economic and
military conditions in Israel.”

Any transition to a new supplier or contract manufacturer
could be time-consuming and expensive, may result in interruptions to our operations and product delivery, could affect the performance
specifications of Deep TMS or could