Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 200

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 200
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 21.79%, 11% and 17.5% of our sales, respectively. The products provided to our top three customers were sold to them and are not leased under the RaaS model. The service and maintenance contracts typically lasts for a duration of between one to three years, and include termination provisions for cause, including termination for any breach of applicable regulatory or legal requirements by us. There are no change of control provisions or other provisions relating to a change in regulatory requirements. For the financial years ended April 30, 2024 and 2023, we derived approximately 79.3% and 77.6% of our total revenues from service and maintenance, respectively. For the six months ended October31, 2024 and 2023, we derived approximately 85.3% and 82.8% of our total revenues from service and maintenance, respectively. We are in the process of building our global help desk (“Global Help Desk”) at our Singapore headquarters. The Global Help Desk will provide technical support for requests from our European regional center, the United States regional center, direct customers, and regional distributors. The Global Help Desk will be managed by our operations team, who are dedicated to efficient problem -solvingand product recovery. While the majority of our team members are based at our Singapore headquarters, we are in the process of expanding our team in Europe and are beginning to establish a team in the United States. This expansion is intended to support the ongoing growth of our regional centers and distributor network. Seasonality Our sales are not seasonal, and we do not anticipate them becoming so in the near term. Awards We have received a number of awards and accreditations in recognition of our products and innovation. The following table sets forth the awards and accreditations we have been granted up to the date of prospectus:

| Year |     | Award                                                    |     | Organized/Granted By                                                                                                        |     | Our Products |
| 2018 |     | 2nd Minister of Home Affairs — Merlion Award Winner 2018 |     | Ministry of Home Affairs, Singapore                                                                                         |     | O-R3         |
| 2019 |     | Singapore Security Industry Award 2019                   |     | Security Association Singapore, Security Systems Association of Singapore, and the Security Industry Institute of Singapore |     | O-R3         |
| 2020 |     | Mobile Robot Guide — Technology Innovator Award          |     | Mobile Robot Guide                                                                                                          |     | O-RX