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The business, with the SSI-India part, uses up office, production, and you may assembly space within the Gurugram, Haryana (India) lower than a rental agreement joined on the inside March 2021, having monthly premiums of $twenty four,384 and relevant fees. Effective Summer 01, 2023, the business’s SSI-India part closed another book arrangement in order to take extra place inside the Gurugram, to advance build its creation and system skill. That it rent offers up a payment per month out of $16,144 in addition to fees and you can expires may 30, 2032, subject to next renewal to your collectively appropriate terminology. Subsequent energetic of August step one, 2024 SSI-India subsidiary finalized some other book agreement to help you reside more area inside the Gurugram, to help expand the functions.
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Ltd., a secondary, wholly owned part try group so you can a job plans with every from Dr. Sudhir Srivastava, Anup Kumar Sethi and you may Dr. Vishwajyoti P. Srivastava. Dr. Sudhir Srivastava’s a career agreement having a base annual income away from $600,000 is actually with Otto Pvt Ltd. to own an excellent four-season period expiring in the September 2026. Energetic August 1, 2024, his employment contract are relocated to the company to the equivalent payment terms today expiring in the July 2027. Mr. Sethi’s work contract that have an annual feet salary from $175,100 has also been having Otto Pvt Ltd. for a great four-12 months (5-year) several months expiring within the January 2028. Effective August step 1, 2024, their involvement offer is actually moved to the newest subsidiary organization inside the Asia on the same terms of payment (today payable within the local money) with a phrase of 5 years.
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Fda (“FDA”), for the sale and employ inside the Asia and commercially revealed conversion in the August 2022. We in addition to acquired ISO (high quality management program) approval for the SSi Mantra step three. The fresh SSi Mantra might have been medically validated to have protection, efficacy and you can capability because of its meant use to do robotically helped surgeries in more than simply 80 different types of surgical treatments inside India without the device relevant adverse situations. At the time of December 31, 2024, i’ve strung 62 solutions, at which 58 come in Asia and you may cuatro during the overseas metropolitan areas. Western Virginia’s legal construction has real time representative games, and you may Connecticut has already inserted, expanding access.
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