Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 160

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 160
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 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., Lopetegui, M., Saha, A., Loversidge, J., Chipps, E. M., ... & Buck, J. (2018). Nurses’ Time Allocation and Multitasking of Nursing Activities: A Time Motion Study. In AMIA Annual Symposium Proceedings (Vol. 2018, p. 1137). American Medical Informatics Association. 99 channels to the healthcare market in Europe and APAC. This has enabled us to cross sell our AMR platforms (the O -R 3and Camello +) and UV -CLED disinfection solutions (TReX, AirGuard, and O -RX), in synergy with the TransCar system, utilizing Swisslog Healthcare’s global marketing channels. Ultimately, we expect the Otsaw -SwisslogJV to continue delivering efficient, cost -effectiveand reliable AI -enabledfacilities management solutions for hospitals and the healthcare industry, covering hospital intralogistics, security, housekeeping and disinfection. Key Arrangement of the Otsaw-Swisslog JV The Otsaw -SwisslogJV was owned 40% by Swisslog Healthcare and 60% by Otsaw Technology Solutions Pte Ltd. The shareholding by Otsaw Technology Solutions Pte Ltd was subsequently increased to 73.33% on January 18, 2023, 86.66% on December 18, 2023, 93.33% on January 19, 2024 and 100% on December 30, 2024. The respective rights of Swisslog Healthcare and Otsaw Technology Solutions Pte Ltd in respect of the Otsaw -SwisslogJV are set forth in the: 1) shareholders agreement dated November 30, 2021 (as amended on November 30, 2023) entered into between (i) Otsaw Technology Solutions Pte Ltd; (ii) Swisslog Healthcare; and (iii) Otsaw -SwisslogJV (the “Shareholders Agreement”);