TOTM definition

TOTM or the “Company”), and its subsidiaries (the “Group”), refers to the Company’s announcement dated 26 January 2022 in relation to the non-binding Memorandum of Understanding (the “MOU”) and the Company’s announcement dated 21 June 2022 in relation to the Strategic Teaming Agreement (the “Strategic Teaming Agreement”), wishes to announce that the Group has via its wholly- owned subsidiary, TOTM Tech SG Pte Ltd ("TOTM Tech"), on 18 October 2023, entered into a joint venture agreement (the “JVA”) with Presight AI Ltd (“Presight”, and collectively with TOTM Tech, the “Parties”, each a “Party”). Under the JVA, the Parties intend to establish a joint venture company (the “JV Company”), to be incorporated in Abu Dhabi to carry out business in respect of (i) the joint development of a digital identity solution to be offered as a service to various governments and (ii) an innovative and disruptive technology for national identity and biometrics solutions to be offered to governments and businesses (the “Business”)(the “Joint Venture”). It was agreed in the JVA that the governing law shall be the laws of England and Wales.
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Examples of TOTM in a sentence

  • For so long as Presight and TOTM Tech hold their respective Shareholder Percentage Interests set out in Section 2.2.3 above, two (2) Directors shall be nominated by Presight (each a “Presight Director”) and one Director shall be nominated by TOTM Tech (the “TOTM Director”).

  • At current forecasted production prices, Placard plasticizer would rather be in the price range of speciality plasticizers such as DOA (average 2300 €/T) or TOTM (average 2700 €/T).

  • This partnership between TOTM Tech and Presight will accelerate the development and deployment of new intellectual property.

  • On the date on which the JV Company is organized and registered in accordance with the laws of ADGM, Presight and TOTM Tech shall each hold the following percentage of the JV Company’s Initial Share Capital: Presight fifty-one percent (51%) and TOTM Tech forty-nine percent (49%) (such respective interests, the “Shareholder Percentage Interests”).

  • If its performance can be proven to be comparable to TOTM, it will definitely become an alternative on demanding construction markets such as cabling or civil engineering.

  • From the date of the JVA and until the date on which the conditions set out in this Section 2.2.1 (the “Conditions”) are satisfied (which, for avoidance of doubt, may not be later than the Long Stop Date) (the “Closing Date”), each of Presight and TOTM Tech will cooperate with each other to fulfil or procure the fulfilment of the Conditions set out in this Section 2.2.1 of this Announcement.

  • All other plasticizers which can claim a price premium have specific properties such as food contact useability ( ESBO), medical applications (DINCH) or the ability to perform in low or high temperature (e.g. TOTM).

  • The Board of Directors (the “Board”) of TOTM Technologies Limited (the “Company” and together with its subsidiaries, the “Group”) wishes to inform shareholders that ▇▇.

  • If the Board determines that additional funds are reasonably necessary in order to carry out the Business, it shall submit such determination to Presight and TOTM Tech and any other person that becomes an owner of shares of the JV Company (the “Shares”) in accordance with the terms and conditions of the JVA (collectively, the “Shareholders”).

  • Placard is moreover like TOTM of low volatility and has distinct advantages in plasticizing performance and processability.