Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 69

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 69
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 with our compliance efforts. Furthermore, we have limited experience to date manufacturing, selling, maintaining and servicing our products on a large -scaleinternationally, and such expansion would require us to make significant expenditures, such as hiring of local employees, in advance of generating any revenue. In addition to the risks regarding foreign law and regulations, we may be subject to a number of risks associated with international operations that may increase our costs, impact our ability to manufacture or sell our products and require significant management attention. These risks include, but are not limited to: •difficulties establishing international manufacturing operations, including difficulties establishing relationships with or establishing localized supplier bases and developing cost -effectiveand reliable supply chains for such manufacturing operations; 36 •difficulty in staffing and managing foreign operations; •difficulties attracting customers in new jurisdictions; •changes in diplomatic and trade relationships, including political risk and customer perceptions based on such changes and risks, political instability, natural disasters, pandemics, war (including the ongoing Russo -UkraineWar and Israel -Palestineconflict) or events of terrorism; •the strength of international economies; •fluctuations in foreign currency exchange rates and interest rates •foreign labor laws, regulations and restrictions; •capital controls or capital restrictions; and •United States and foreign government trade restrictions, import and export controls, tariffs and price or exchange controls. Our success depends, in part, on our ability to anticipate these risks and manage these difficulties. If we fail to successfully address these risks, our business, prospects, results of operations and financial condition could be materially harmed. Our products must comply with the EU’s CE marking requirements, which certify that our products meet the EU’s safety, health, environmental, and applicable performance standards. Achieving and maintaining CE compliance involves comprehensive assessment, testing, documentation, and in some cases, certification processes to ensure that our products conform to applicable EU directives and standards. There is a risk that our products may not meet these regulatory requirements, or we may face challenges in obtaining, maintaining, or updating the necessary CE certifications. Our products remain subject to potential market surveillance checks by EU member state authorities even after obtaining CE marking. Non -compliancewith CE marking requirements could lead to legal penalties, fines, product recalls, or restrictions on our ability to distribute our products in the EU market. Additionally, any delays in obtaining CE compliance for new products, such as the next generation of our TransCar AGVs, could hinder our market entry and reduce potential sales opportunities. Failure to achieve or maintain CE compliance,