Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 181

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 181
---
 the shortage of healthcare workers and the critical need to improve productivity as some hospitals were pushed to capacity with the surge of patients and healthcare workers were forced to make difficult decisions to prioritize care for critically ill patients while trying to avoid infection themselves. We believe that these challenges have led to a growing demand for hospitals worldwide to upgrade their intralogistics infrastructure in order to relieve the burden on nursing staff and resolve labor challenges. To capitalize on this post -COVIDmarket opportunity and disrupt the healthcare facilities management industry, we have partnered with Swisslog Healthcare to provide next -generationclinical and non -clinicalmaterial handling intralogistics automation solutions for healthcare providers worldwide. The Otsaw-Swisslog Healthcare Joint Venture In December 2021, Otsaw Technology Solutions Pte. Ltd. (“Otsaw Technology”) and Swisslog Healthcare entered into a series of agreements to establish the Otsaw -SwisslogJV. Swisslog Healthcare, headquartered in Switzerland, is a leading global provider of hospital automated intralogistics solutions. Swisslog Healthcare is a highly regarded provider of AGV solutions, in the business of developing, manufacturing and selling AGVs as well as providing maintenance services under service contracts. Swisslog carries out its AGV business in several countries and their customers are mainly hospitals and contractors engaged by hospitals. Since the establishment of the Otsaw -SwisslogJV, Otsaw has been responsible for developing the next -generationof TransCar solutions worldwide. Otsaw has taken over further development of the TransCar’s navigation technology to upgrade the existing TransCar platform with our autonomous navigation competencies and core software technologies. The next -generationTranscar 5.0 is designed as a seamless drop -inreplacement for the previous TransCar, originally developed and deployed by Swisslog Healthcare. This allows Otsaw to deploy our AMR into hospitals without requiring any infrastructure changes, ensuring a low entry barrier for adoption. We believe we have been able to leverage Swisslog Healthcare’s product development expertise and existing sales/service footprint through the Otsaw -SwisslogJV. The Otsaw -SwisslogJV accelerated Otsaw’s penetration into the global healthcare market while minimizing execution risk and optimizing capital allocation. Through the joint venture, Otsaw has benefitted from Swisslog Healthcare’s longstanding relationships and goodwill with many of our target customers in healthcare globally, providing Otsaw with an immediate customer base, market access and entry ____________ 3See, Yen, P. Y., Kellye, M., Lopet