Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 72

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 72
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 protect intellectual property rights to the same extent as the laws in Singapore and the United States. Also, it may not be possible to effectively enforce intellectual property rights in some countries at all or to the same extent as in Singapore, the United States and other countries. Consequently, we are unable to prevent third parties from using our inventions in all countries, or from selling or importing products made using our inventions in the jurisdictions in which we do not have (or are unable to effectively enforce) patent protection. Competitors may use our technologies in jurisdictions where they have not obtained patent protection to develop, market or otherwise commercialize their own products, and we may be unable to prevent those competitors from importing those infringing products into territories where we have patent protection, but enforcement may not be as strong as in the United States. These products may compete with our products and our patents and other intellectual property rights may not be effective or sufficient to prevent them from competing in those jurisdictions. Moreover, strategic partners, competitors or others may raise legal challenges against our intellectual property rights or may infringe upon our intellectual property rights, including through means that may be difficult to detect or prevent. Proceedings to enforce our intellectual property rights in Singapore, United States, or other foreign jurisdictions could result in substantial costs and divert our efforts and attention from other aspects of our business, could put our patents at risk of being invalidated or interpreted narrowly and our patent applications at risk of not issuing and could provoke third parties to assert patent infringement or other claims against us. We may not prevail in any lawsuits that we initiate and the damages or other remedies awarded, if any, may not be commercially meaningful. Accordingly, our efforts to enforce our intellectual property rights in the United States and around the world may be inadequate to obtain a significant commercial advantage from the intellectual property that we develop or license from third parties. 39 We may be subject to intellectual property claims in the future, which are costly to defend, could result in significant damage awards, and could limit our ability to use certain technologies in the future. Companies operating in the robotics industry may face difficulty enforcing their patent and other intellectual property rights and may become subject to a substantial amount of litigation over these rights. The large number of patents, the rapid rate of new patent issuances and the complexities of the technology involved increase the risk of patent litigation. In addition, the distributors which we license our software and technology used in our products could become subject to similar infringement claims. Any intellectual property claims, with or without merit, could be time -consumingand expensive, and