Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 157

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 157
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 provides the operational and technical support with the ability to upgrade any leased product as new technologies emerge. Revenue from our direct sales model accounted for approximately 18.0% and 17.7% of our total revenues for the years ended April 30, 2024, and 2023, respectively, while revenue from our RaaS model accounted for approximately 2.7% and 4.7% of our total revenues for the years ended April 30, 2024 and 2023, respectively. Revenue from our direct sales model accounted for approximately 11.3% and 14.2% of our total revenues for the six months ended October31, 2024, and 2023, respectively, while revenue from our RaaS model accounted for approximately 3.4% and 3.0% of our total revenues for the six months ended October31, 2024, and 2023, respectively. We also provide a range of support and maintenance services, including preventive and corrective maintenance of our robots, manning services, training, data transfer, and both software and hardware upgrades. Customers can opt to purchase a service and maintenance contract tailored to their requirements, offered at a fixed price without variable consideration, typically for an average term of 5 years. Revenue of service and maintenance represented approximately 79.3% and 77.6% of our total revenues for the year ended April 30, 2024 and 2023, respectively. Revenue of service and maintenance represented approximately 85.3% and 82.8% of our total revenues for the six months ended October31, 2024 and 2023, respectively. 96 Competitive Strengths We believe our company exhibits the following competitive strengths: A Visionary, Proven, and Experienced Management Team Consisting of Industry Veterans We are led by our visionary and experienced management team consisting of industry veterans with complementary backgrounds. Our founder and chief executive officer, Mr. Ling Ting Ming, is a well -respectedentrepreneur and industry leader in Singapore with extensive expertise in autonomous driving, robotics application and mobile technologies. Mr. Ling is also the founder of the ActiV Technology group of companies, an information communications technology provider serving enterprise and telecommunications customers, which was started in 2006 and has a presence in over 6 countries. Mr. Ling brings with him more than 27 years of technology, sales and marketing experience and a proven record in the information and communications technology industry globally. He oversees our strategy, research