Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 185

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 185
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 is part of the SingHealth Group for TransCar AGVs In 2023, we secured a US$2 million contract with a public hospital in Singapore that is part of the SingHealth Group for the delivery and installation of the TransCar AGVs, with phased payments based on project milestones. As of the date of this prospectus, we have received an aggregate of S$1,682,300 under the contract, comprising S$600,000 as down payment upon confirmation of order and S$1,082,300 as payment upon material readiness for shipment. The other payment milestones that have yet to be completed relate to an aggregate payment of S$1,121,533, comprising a payment of S$841,150 due upon completion of installation and S$280,383 due upon successful completion of the user acceptance test. The expected timeline for completion of both milestones is October30, 2025 and March30, 2026 respectively. The Next Generation TransCar, Transcar 5.0 We are absorbing the know -howsand the technologies transfer from Swisslog Healthcare in relation to hardware and software technologies of the TransCar AGV systems, and are in the early research and development stage to upgrade the TransCar by utilizing our proprietary core software technologies and robotics autonomy expertise. The current TransCar systems are limited to operate in indoor, controlled environment (such as hospital), as their navigations require a pre -definedvirtual travel route based on the virtual map downloaded to each individual AGVs which made up of a facility’s interior (such as walls, doorways, frames, columns of the building). Furthermore, as the existing TransCar AGVs cannot bypass obstacle in their pathway, the obstacles have to be removed to ensure the TransCar AGVs remain in motion. To “future -proof” the TransCar system, we envision the next generation TransCar, Transcar 5.0, currently in development to become a smarter, more maneuverable and efficient AMRs with path -planningand dynamic obstacle avoidance capability that can operate both indoors and outdoors, and capable of operating in a wider range of facilities and navigating in a more complex and dynamic environments. To maximize the maneuverability of Transcar 5.0 and its outdoor and indoor autonomous navigation capacity, we plan to integrate our proprietary ANS and navigation technologies (such as Sensor Fusion, 3D -SLAM, machine perception and machine learning technologies) into the TransCar. We envision enabling Transcar 5.0 with advanced dynamic obstacle avoidance capacity, decentralized