Company: OTSA
Filing Date: 2025-03-26
Form Type: DRS/A
Source: 0001013762-25-002776
Chunk: 144

Company: OTSAW Ltd
Filing Date: 2025-03-26
Form: DRS/A
Chunk 144
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 also quickly integrate into any type and size of the facility and cater to the diverse and changing needs of organizations across industry sectors. As of the date of this prospectus, we offer AMRs and robotics solution to public service, government, and private enterprise customers in a wide -arrayof key sectors, for example: •Patrol and security services providers for residential communities, reservoir, leisure park and other public areas, as well as for marketing promotional events, universities and exhibitions; •Sanitation and janitorial services providers for public transportation, universities, casino, hospitals, churches, mosques, and other commercial buildings and large complexes; •Smart city last -miledelivery services providers in Singapore, Europe and the United States; and •Hospital intralogistics services providers in various major hospitals in Singapore and Europe. Established Partnerships with Industry Players. Our position as the early mover in AMR and robotics facilities management has attracted various industry players to become our partners, creating an extensive network for us to leverage. We believe the expertise and market coverage of these partners broadens our executional capability, reduces our execution risk, provides immediate market access to increase the speed to market, and solidifies our technological expertise. Additionally, these partnerships have allowed us to enter the global markets, particularly the United States and Europe markets, in a capital efficient manner. Not only do we partner with businesses similar or complementary to ours, such as joint ventures with Swisslog Healthcare in Europe, we also partner with industry players in facilities management, real estate development, security services, and government agencies. On December 30, 2019, we received a letter of offer for a grant from IMDA (“LOO”). Under the LOO, IMDA provided a grant of up to SGD 499,310 to us for a qualifying period of January 6, 2020 to October 5, 2021. The grant was used to support the proof of concept for our AMR solution, Camello, and led to us entering into a memorandum of intent (“MOI”) on January 15 2021, by and among NTUC FairPrice Co -Operative(“NTUC FairPrice”) and other government agencies such as the IMDA, Housing Development Board, Urban Redevelopment Authority and the Land Transport Authority. Under the MOI, we commenced a one -yeartrial for Camello to provide on -demandparcel, food items, and grocery delivery services to the residential -commercialcommunities neighboring the Oasis Terraces mall in Punggol, Singapore.