Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 119

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 119
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 to previously untapped markets and clienteles, thereby fostering potential growth in our future revenue streams. 73 Our ability to retain skilled personnel Our future growth and success depend significantly on the continued service and contributions of our engineers and senior management personnel. Many of these key personnel are highly skilled and experienced and are difficult to recruit and retain, particularly as we seek to expand our business with respect to our AI -enabledAMR and robotics solutions. Competition for recruiting qualified personnel is intense, and finding personnel with the combination of skills and attributes required to execute our business strategy may be difficult, time -consuming, and expensive. Consequently, the loss of any key personnel or failure to recruit, train, or retain qualified personnel could significantly negatively impact our operations. Our ability to adopt to the rapid technology change of the market The industry is rapidly changing technologically, with highly evolving industry standards and frequent introductions and enhancements of new products and services. Customers also expect fast technological advancements. Our future success will depend on our ability to adapt to rapidly changing technologies, align our services with evolving industry standards, and continually improve the know -howof our staff in response to the evolving demands of the marketplace. Failure to adapt to such changes would have a material adverse effect on our business and results of operations. Intellectual Property We rely on patented and non -patentedproprietary information relating to product development, manufacturing capabilities and other core competencies of our business. Protection of intellectual property is critical. Therefore, steps such as additional patent applications, confidentiality and non -disclosureagreements, as well as other security measures, are important. While we believe we have a strong patent portfolio and there is no actual or, to our knowledge, threatened litigation against us for patent -relatedmatters, litigation or threatened litigation is a common method to effectively enforce or protect intellectual property rights. Such action may be initiated by or against us and would require significant management time and expenses. Foreign currency exchange fluctuation Our operations involve transactions denominated in different currencies. Consequently, fluctuations in foreign exchange rates could impact our results of operations. We shall remain vigilant in monitoring currency fluctuations and respond actively to control the impact of such fluctuations on our operations. Impact of Russia’s Invasion of Ukraine, Israel-Palestine war and Related Supply Chain Issues In October 2023, Israel faced a series of attacks and entered a state of conflict. Hostilities have continued along Israel’s northern border with Lebanon (involving Hezbollah), its southern border with the Gaza Strip (involving Hamas), and on other fronts from various