Company: OTSA
Filing Date: 2025-03-26
Form Type: DRS/A
Source: 0001013762-25-002776
Chunk: 48

Company: OTSAW Ltd
Filing Date: 2025-03-26
Form: DRS/A
Chunk 48
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, our business, prospects, financial condition and operating results will be materially and adversely impacted. Our products, such as our outdoor AMRs (O -R 3and Camello +), UV -Cdisinfection system and TransCar AGVs, serve highly public -facingindustries such as facilities management, last -miledelivery, and healthcare industries. If safety incidents occur or are perceived to have occurred, whether or not such incidents are our fault, we could be subject to adverse publicity or resistance by the general public, intended communities, and employees of our corporate customers. In particular, given the popularity of social media, any negative publicity, whether true or not, could quickly proliferate and harm perceptions and confidence in our brand. We have limited experience in operating our robots in a variety of environments and increased deployment and thus interactions may lead to collisions, possible liability and negative publicity. Our O -R 3, Camello +, O -Rxand TransCar robots operate autonomously in outdoor and indoor environments, such as residential communities, commercial compounds, hospitals, shopping malls, and crowded areas such as parks, stadiums or event sites. These environments are surrounded by various moving and stationary physical obstacles including humans and vehicles. Such environments increase the likelihood of collisions, unintended interactions and various other incidents. Our robots contain several advanced sensors, outdoor autonomy capabilities, and dynamic obstacle avoidance technologies that are designed to effectively prevent any such incidents and are intended to stop any motion of the robot at the detection of intervening objects. Nonetheless, real -lifeenvironments, especially those in crowded areas, are unpredictable and situations may arise in which the robots may not perform as intended. Although we continuously test our robots in a number of unpredictable environments and continue to improve each model’s obstacle avoidance and collision prevention technology, such tests may not accurately reveal underlying vulnerabilities. Therefore, our robots could be involved in a collision with humans and objects. Incidents involving 25 autonomous vehicles and humans, although infrequent, have received significant public attention and raised concerns about the safety of robotic systems. To date, however, we are not aware of any reports of any significant collisions, defects, errors or failures in our products. Despite the maximum speed of our robots typically not exceeding 3.2 mph, which we believe is a speed that is unlikely to lead to any significant damage even in the event of a collision, we cannot assure you that a collision, with property or with humans, will not occur. Such incidents could damage the robot or result in personal injury or property damage,