BEIJING, March 19, 2024 /PRNewswire/ -- Datasea Inc.
(Nasdaq: DTSS) ("Datasea" or the "Company"), a digital technology
company incorporated in Nevada,
dedicated to innovative business in acoustic high tech and
5G-Artificial Intelligence multimodal communication technology in
the United States and China, today announced that the Company's
wholly-owned subsidiary, Shuhai Jingwei (Shenzhen) Information Technology Co., Ltd.
("Shuhai Jingwei") entered into a Manufacturing Cooperation
Agreement (the "Agreement") with Broadway Precision Technology,
Ltd. ("Broadway"), a wholly-owned subsidiary with factories in
China, Thailand, Mexico and the US of Shanghai Yongli Belt
Industry Co., Ltd ("Yongli") (300230.SZ), a company listed on the
Shenzhen Stock Exchange. The Agreement marks an important step for
Datasea in the production and deployment of its newly upgraded
hi-tech intelligent acoustic deodorization and disinfection
products.
Zhixin Liu, CEO of Datasea,
commented, "We are very pleased to enter into the Agreement with
Broadway as we believe it will accelerate the production and
marketing of our hi-tech intelligent acoustic products while also
supporting product orders currently under negotiation with major
customers. We are confident in the market demand for our newly
upgraded products and believe that this will lead to future
corporate growth. As a global pioneer and developer of hi-tech
acoustic intelligent products, Datasea's goal is to advance our
proprietary acoustic intelligent solutions, expand our domestic and
foreign markets, and provide customers with excellent products and
services."
According to the Agreement, Broadway will provide injection
molding and production services for the Company newly upgraded
hi-tech intelligent deodorization and disinfection models. The
manufacturing schedule of the company's products will be
synchronized with our market and sales demands, facilitating
ongoing negotiations with several key clients for product orders
which we expect to sign in the near-term.
Datasea's newly upgraded intelligent deodorization and
disinfection products are equipped with an ultrasonic core module
featuring functions such as odor removal, powerful sterilization,
air purification, and quiet operation for superior hygiene for both
homes and offices. Broadway will use its most advanced production
technology and high-quality materials to ensure that the quality of
the Company's products achieves industry-leading standards.
Functional testing of the new products, to include international
safety certifications, will be immediately initiated upon
production of the products to facilitate marketing and sales of its
newly upgraded products in the U.S. and China.
For distribution of its newly upgraded hi-tech intelligent
deodorization and disinfection products into the U.S. market, the
Company has established partnerships with channel partners
including Meglio Interiors LLC in Chamblee, Georgia, and it has entered into
discussions with large customers such as hotels and schools. The
distribution of the Company's newly upgraded hi-tech products into
the China market will be launched
through direct sales, distribution agents and livestreaming
ecommerce.
Broadway is a wholly-owned subsidiary of Yongli. Broadway has
production facilities in Shenzhen,
Kaiping, Kunshan, Thailand and the
US., with a total workforce of over 4,000 employees and more than
100 precision mold processing equipment and 700 plastic injection
molding machines. Broadway is a contract manufacturer for
international brands such as Philips, Sony (Japan), and Samsung (South Korea).
About Datasea Inc.
Datasea Inc. ("Datasea") is a leading provider of products,
services, and solutions for enterprise and retail customers in its
innovative industries, Acoustics and 5G-AI multimodal
communication, especially focusing on ultrasonic, infrasound and
directional sound technology. The Company's advanced R&D
technology serves as the core infrastructure and backbone for its
products. Its 5G multimodal communication segment operates on a
cloud platform based on AI. Datasea leverages cutting-edge
technologies, precision manufacturing in its Acoustics business,
utilizing ultrasonic sterilization to combat viruses and prevent
human infections, and is also developing innovations in directional
sound and medical ultrasonic cosmetology. In July 2023, Datasea established a wholly-owned
subsidiary, Datasea Acoustics LLC, in Delaware, in a strategic move to mark its
global presence. This underlies Datasea's commitment to Acoustics
hi-tech and its intent to offer leading edge acoustic products and
solutions to the U.S. market. For additional information, please
visit: www.dataseainc.com.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will", "expects", "anticipates", "future",
"intends", "plans", "believes", "estimates", "target", "going
forward", "outlook," "objective" and similar terms. Such statements
are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known
or unknown risks, uncertainties and other factors, all of which are
difficult to predict and which are beyond Datasea's control, which
may cause Datasea's actual results, performance or
achievements (including the RMB/USD value of its anticipated
benefit to Datasea as described herein) to differ materially and in
an adverse manner from anticipated results contained or implied in
the forward-looking statements. Further information regarding these
and other risks, uncertainties or factors is included in Datasea's
filings with the U.S. Securities and Exchange Commission, which are
available at www.sec.gov. Datasea does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
law.
Investor and Media Contacts:
Datasea Investor
Relations
Email: investorrelations@shuhaixinxi.com
sunhezhi@shuhaixinxi.com
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com
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