OTSAW Technology Solutions and Swisslog Healthcare form joint venture to further develop Automated Guided Vehicles technology for the healthcare sector

SINGAPORE,Dec. 1,2021 -- Automated guided vehicles (AGVs) for clinical and non-clinical material handling have been used in hospitals for many years with increasing demand. Swisslog Healthcare is an established partner for AGVs in the hospital environment,with580installed systems and comprehensive service and implementation offerings in EMEA and APACmarkets.

OTSAW Technology Solutions and Swisslog Healthcare form joint venture to further develop Automated Guided Vehicles technology for the healthcare sector

To take the next step and offer next-generationtechnologyto existing and new customers,OTSAW Technology Solutions and Swisslog Healthcare haveagreedto form a joint venture (JV) - OTSAW Swisslog Healthcare Robotics.

OTSAW Technology Solutions is a Singapore-based cross-regional company specializing inautonomous mobile robotsolutions.The company'smobility competencies include 3D SLAM,autonomous driving level 5,sensor fusion,AI,machine learning and fleet software. This expertise coupled with extensive knowledge in hardware and softwaredevelopmentenables the JV tointroducethenext-generationofAGV solutionstothe hospitals.

Swisslog Healthcare willtap onits knowledge of healthcare facilities in various markets,in addition to its realization and service strength in AGV equipmentto systems areprofessionallyinstalled,and existing and new systemsare well-maintained.

"We are proud to have OTSAW as a partner with a passion for driving technology forward and a shared vision to enable better patient care. I am particularly impressed with OTSAW's agile,focused approach and its collaborative spirit,which always puts the customer's needs first. I am already looking forward to seeing the next generation of AGVsto be deployed inEMEA and APAChospitals,providingtangibleadded value to our existing customers," said Stephan Sonderegger,CEO Swisslog Healthcare.

Ling Ting Ming,CEO at OTSAW,adds: "Across the world's healthcare systems,we experience that clinical professionals are increasingly becoming a scarce andcritical resource in hospitals. Forecasts also indicate that this situation will not change in the medium term. The awareness of this challenge has increased with the global Covid 19 pandemic and hasled to a growing desire in our company to use our technological know-how tomake a contributioninrelieving the burden on nursing staff. The fact that weare able to enter into a partnership with Swisslog Healthcare,which enables us to contribute our expertise more extensively tothe healthcare sector,is not only important for OTSAW from an entrepreneurial point of view,but also a matter close to our hearts."

As part of the JV,in which OTSAW holds a 60 percent majority stake,the technology company will take overfurther developmentofthe existing TransCar AGV technology. Swisslog Healthcare is entrustedto ensure continuous support of existing systems and projects with the aim of achieving the highest level of customer satisfaction.

The contractual agreement was formally signed on November 16 in Augsburg,Germany,and as a result,the JV will be operational from1 December 2021.

About OTSAW

OTSAW is a global pioneer in advanced robotics technologies and next-generation artificial intelligence for healthcare,security delivery and mobility applications to improve safety,business processes and everyday lives. For more information,visit www.otsaw.com

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Cecilia Yap

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Phone: +65 6771 5825

Email: pr@otsaw.com.sg

Website: www.otsaw.com