Company: BWAY
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001171843-25-002347
Chunk: 65

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 5
Chunk 65
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 use our patent-protected
technologies without infringing the patents of third parties. We face risks that there may be patents issued to third parties that relate
to Deep TMS and technology of which we are not aware or that we must challenge to continue our operations as currently contemplated.

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The development, manufacture, use, offer for sale,
sale or importation of Deep TMS and any planned future-generation products may infringe on the claims of third-party patents or violate
other intellectual property rights. The nature of claims contained in unpublished patent filings around the world is unknown to us and
it is not possible to know which countries patent holders may choose for the extension of their filings under the Patent Cooperation Treaty,
or other mechanisms. For example, because patent applications do not publish for at least 18 months, if at all, and can take many years
to issue, there may be currently pending applications unknown to us that may later result in issued patents that Deep TMS would infringe.
Therefore, there is a risk that we could adopt a technology without knowledge of a pending patent application, which technology would
infringe a third-party patent once that patent is issued. Also, because the claims of published patent applications can change between
publication and patent grant, published applications that initially do not appear to be problematic may issue with claims that potentially
cover our products, technology or methods.

Determining whether a product infringes a patent
involves complex legal and factual issues and the outcome of patent litigation is often uncertain. Even though we have conducted research
of issued patents, no assurance can be given that patents containing claims covering our products, technology or methods do not exist,
have not been filed or could not be filed or issued.

The cost to us of any intellectual property litigation
or other infringement proceeding, even if resolved in our favor, could be substantial. Any claims of patent infringement, even those without
merit, could be expensive and time consuming to defend; cause us to cease making, licensing or using products that incorporate the challenged
intellectual property; require us to redesign, reengineer or rebrand Deep TMS, if feasible; cause us to stop engaging in normal operations
and activities, including developing new indications for Deep TMS; and divert management’s attention and resources. Some of our
competitors may be able to sustain the costs of such litigation or proceedings more effectively because of their substantially greater
financial resources. Uncertainties resulting from the initiation and continuation or defense of intellectual property litigation