Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 161

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 161
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log Healthcare in Europe, we also partner with industry players in facilities management, real estate development, security services, and government agencies. On December 30, 2019, we received a letter of offer for a grant from IMDA (“LOO”). Under 98 the LOO, IMDA provided a grant of up to SGD 499,310 to us for a qualifying period of January 6, 2020 to October 5, 2021. The grant was used to support the proof of concept for our AMR solution, Camello, and led to us entering into a memorandum of intent (“MOI”) on January 15 2021, by and among NTUC FairPrice Co -Operative(“NTUC FairPrice”) and other government agencies such as the IMDA, Housing Development Board, Urban Redevelopment Authority and the Land Transport Authority. Under the MOI, we commenced a one -yeartrial for Camello to provide on -demandparcel, food items, and grocery delivery services to the residential -commercialcommunities neighboring the Oasis Terraces mall in Punggol, Singapore. The pilot demonstrated the potential of robotics in urban logistics, paving the way for broader adoption of autonomous delivery solutions in smart city environments. The purpose of the one -yeartrial was to penetrate the last -miledelivery and logistics market of Singapore with our AMR solution, Camello. On May21, 2020, we entered into a research collaboration agreement (“RCA”) with the Singapore Institute of Manufacturing Technology (“SIMTech”), a national research institution under the Singapore Agency for Science, Technology and Research (“A*STAR”). This partnership focuses on designing and developing O -RX, an advanced robotic solution for disinfection and sanitization, that we believe addresses critical hygiene and safety needs, and was especially practical during the pandemic. Under the RCA, SIMTech was responsible for designing the UV -CLED technology, including the layout of the UV -CLED lights for disinfection and the associated heat management system, while we were responsible for the robot and software system design, production, and commercialization of the technology. The project ran for a period of 16 weeks. The RCA provides that any resulting solution is to be jointly patented, with intellectual property ownership shared equally between the parties. Pursuant to the RCA, patent applications were filed in Singapore and the United States relating to the UV -CLED technology, which powers our UV -Cdisinfection products such as O -RXand TreX. The O -