Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 53

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 53
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 the problem. Despite extensive testing of our products for defects, errors or performance issues when they are first introduced, and when new versions or enhancements are released, our products may still contain real or perceived errors, failures, or defects which may only be discovered until our customers use our platform and products for a period of time. This could result in expensive and time -consumingdesign modifications or warranty costs, delays in the introduction of new products or enhancements, significant increases in our service and maintenance costs, exposure to liability for damages, damaged customer relationships and harm to our reputation, any of which could materially impact our results of operations and ability to achieve market acceptance. In addition, increased development and warranty costs could be substantial and could reduce our operating margins. We are also subject to potential recalls of our products to repair the defects or to address any failure to comply with our customers’ order specifications or applicable regulatory standards, and we may have to conduct recalls of our products due to defects in components or parts manufactured by suppliers from which we purchase and incorporate into our products. We may also be required to remedy or retrofit hardware products in the event that an order is not built to a customer’s specifications or where a design error has been made. The financial cost and impact to our reputation of significant retrofit and remediation events or product recalls could have a material adverse effect on our business and operating results. We are subject to stringent and changing laws, regulations and standards, corporate policies, and contractual obligations related to data privacy and security in jurisdictions where our products operate. Our AMRs, especially our O -R 3, Camello +, O -RXrobots, store and may analyze certain types of personal or identifying information regarding human, objects, environments that interact with the AMRs. However, by the design of our AMR systems and software, these types of personal or identifying information are only transmitted between the AMRs and the systems of our end -usercustomers and they are stored, processed, and controlled solely by our end -usercustomers. We are isolated from such information, and we maintain stringent data security measures and access procedures to prevent our employees, suppliers, distributors and service providers, from accessing these personal or identifying information and other proprietary or confidential information of our end -usercustomers. However, the regulatory framework for privacy and security issues is rapidly evolving worldwide and is likely to remain uncertain for the foreseeable future. As a result of our international operations, not only do we have to comply with Singapore’s data privacy laws and regulation (such as Singapore’s Cybersecurity Act and