Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 60

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 60
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 Reis Robotics does not meet the agreed upon delivery timelines or experience capacity constraints, and in turn, we could lose customers and face reputational harm, which could have a material and adverse effect on our business, results of operations, prospects and financial condition. Since Reis Robotics’ operations are outside of our control, bottlenecks and other unexpected challenges may also arise if we are required to ramp up production to satisfy increased orders from our customers. In addition, because we rely on Reis Robotics as our supplier to meet the quality standards of the TransCar AGV, we might not successfully maintain the quality standards. Any of the foregoing could adversely affect our business, results of operations, financial condition and prospects. Further, there is risk of potential disputes with our partners, and we could be affected by adverse publicity related to our partners whether or not such publicity is related to their collaboration with us. Our ability to successfully build our brand could also be adversely affected by perceptions about the quality of our partners’ products. With our joint venture with Swisslog Healthcare, we became subject to risks associated with Swisslog Healthcare’s business, many 32 of which are the same risks that we currently face. Other risks include: risks associated with Swisslog Healthcare’s products and technology, integration risks, such as risks associated with combining two organizations and cultures across Singapore and Europe, two different geographies, maintaining focus on business and product development objectives, maintaining customer and supplier relationships, integrating systems and maintaining cybersecurity, allocating resources appropriately across product offerings and retaining employees, and risks associated with whether we can achieve the expected benefits of the joint venture. If we are unable to effectively manage these and any other risks resulting from the Otsaw -SwisslogJV, the value of our investment in the Otsaw -SwisslogJV may be adversely affected and the expected benefits of the planned partnership may not be realized. We expect that strategic alliance and partnership will be an important factor in the growth and success of our business. However, we may not be able to identify or secure suitable business relationship opportunities in the future or our competitors may capitalize on such opportunities before we do. Moreover, identifying such opportunities could require substantial management time and resources, and negotiating and financing relationships involves significant costs and uncertainties. If we are unable to successfully source and execute on strategic relationship opportunities in the future, our overall growth could be impaired, and our business, prospects, financial condition and operating results could be materially and adversely affected. The loss of one or more of our key personnel, or our failure to attract