Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 166

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 166
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 AMR delivery and security solutions, and foster long -termrelationships with customers and partners in these regions. We are in the process of evaluating our market entry strategies, including identifying suitable partners, assessing market competition and analyzing the regulatory requirements in each jurisdiction, which may include compliance with healthcare security regulations, data privacy laws, and industry licensing requirements. We have initiated our expansion efforts in the United States, and we plan to extend our reach to other target regions over the next 1 to 3 years following the Offering. The timing of market entry will depend on factors such as partnership opportunities, market demand, and the successful acquisition of necessary regulatory approvals. In the United States, we have since established an office which is currently staffed with two full -timesales representatives focused on business development and customer outreach. These representatives are actively engaging with potential customers and partners and laying the groundwork for a broader market entry. Over the next 1 to 3 years, we plan to expand our operations in the United States by building a full team, including sales, pre -salesand technical service personnel, with a target headcount of up to 20 employees. In Europe, we currently employ eight full -timeemployees focused on customer outreach and providing service and maintenance services to our customers in the region. Over the next 1 to 3 years, we plan to expand our operations in Europe by increasing the size of our team to 20 employees. In parallel, we are preparing to meet applicable regulatory and certification requirements in the United States and Europe. These include obtaining UL and FCC certifications for the United States market, and CE certification for the European market. We expect to complete these compliance processes as part of our international expansion strategy. In particular, we have applied for CE certification for TransCar 5.0 and our application is currently under design review. We expect to complete the CE certification process and acquire CE certification for TransCar 5.0 by the second quarter of 2026. We intend to obtain UL and FCC certifications in the United States for TransCar 5.0 after CE certification has been obtained. We have not initiated the regulatory certification process for any of our other product lines at this time. There can be no assurance that we will receive CE, UL or FCC certification for TransCar 5.0 or our other products as and when we commence the certification process, or that we will receive such certifications within our expected timeline, if at all. Failure to obtain these certifications may impact our ability to market and sell TransCar 5.0 or