Company: OTSA
Filing Date: 2025-05-23
Form Type: DRS/A
Source: 0001213900-25-047247
Chunk: 181

Company: OTSAW Ltd
Filing Date: 2025-05-23
Form: DRS/A
Chunk 181
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 AGVs to optimize vehicle usage and ensure consistent delivery performance through defined driving paths and speeds. If hospital layouts change, the operators of the hospital or our software engineers can modify and update the virtual maps stored in the TCMS, and download them to each vehicle through Wi -Fi. As part of the TransCar AGV System, we supply payload -specificcarts to meet the unique needs of each hospital department, such as hot and chilled food carts, stainless steel case carts and sterile carts for supplies, fiberglass and bin -formingcarts for trash and supplies, and general purpose flatbed carts. A hospital’s existing carts can be also used with minimal modifications. The TransCar AGV System can also be integrated with tow -throughcart washers/dryers and options are available for the automatic dumping of waste and/or soiled linen carts using automatic dumpers. 111 Contract with a public hospital in Singapore that is part of the SingHealth Group for TransCar AGVs In 2023, we secured a US$2 million contract with a public hospital in Singapore that is part of the SingHealth Group for the delivery and installation of the TransCar AGVs, with phased payments based on project milestones. As of the date of this prospectus, we have received an aggregate of S$1,682,300 under the contract, comprising S$600,000 as down payment upon confirmation of order and S$1,082,300 as payment upon material readiness for shipment. The other payment milestones that have yet to be completed relate to an aggregate payment of S$1,121,533, comprising a payment of S$841,150 due upon completion of installation and S$280,383 due upon successful completion of the user acceptance test. The expected timeline for completion of both milestones is October30, 2025 and March30, 2026 respectively. The Next Generation TransCar, Transcar 5.0 We are absorbing the know -howsand the technologies transfer from Swisslog Healthcare in relation to hardware and software technologies of the TransCar AGV systems, and are in the early research and development stage to upgrade the TransCar by utilizing our proprietary core software technologies and robotics autonomy expertise. The current TransCar systems are limited to operate in indoor, controlled environment (such as hospital), as their navigations require a pre -definedvirtual travel route based on the virtual map downloaded to each individual AGVs which made up of a facility’s interior (such as walls, doorways, frames, columns of the building). Furthermore,