Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 139

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 139
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 to operating expenditures, and provides the operational and technical support with the ability to upgrade any leased product as new technologies emerge. Revenue from our direct sales model accounted for approximately 18.0% and 17.7% of our total revenues for the years ended April 30, 2024, and 2023, respectively, while revenue from our Raas model accounted for approximately 2.7% and 4.7% of our total revenues for the years ended April 30, 2024 and 2023, respectively. 87 We also provide a range of support and maintenance services, including preventive and corrective maintenance of our robots, manning services, training, data transfer, and both software and hardware upgrades. Customers can opt to purchase a service and maintenance contract tailored to their requirements, offered at a fixed price without variable consideration, typically for an average term of 5 years. Revenue of service and maintenance represented approximately 79.3% and 77.6% of our total revenues for the year ended April 30, 2024 and 2023, respectively. Competitive Strengths We believe our company exhibits the following competitive strengths: A Visionary, Proven, and Experienced Management Team Consisting of Industry Veterans We are led by our visionary and experienced management team consisting of industry veterans with complementary backgrounds. Our founder and chief executive officer, Mr. Ling Ting Ming, is a well -respectedentrepreneur and industry leader in Singapore with extensive expertise in autonomous driving, robotics application and mobile technologies. Mr. Ling is also the founder of the ActiV Technology group of companies, an information communications technology provider serving enterprise and telecommunications customers, which was started in 2006 and has a presence in over 6 countries. Mr. Ling brings with him more than 27 years of technology, sales and marketing experience and a proven record in the information and communications technology industry globally. He oversees our strategy, research and development, manufacturing, and sales, and is supported by our senior leadership with a collective average of approximately 15 years of industry experience each. Our Chief Technology Officer, Mr. Tran Thanh Quang “Louis”, is a dedicated and experienced software and hardware engineer with a demonstrable experience in the automation and robotics industry. With more than 10 years of industry experience, Louis is a multifaceted expert in robotics product development, hardware, self -drivingtechnologies, control software and system, artificial intelligence, Internet of Things, and coding. Our chief financial officer, Ms. Charlene Lee Chu