BEIJING, March 12,
2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS)
("Datasea" or the "Company"), a Nevada corporation engaged in innovative
business segments for Acoustics Hi-tech and 5G-AI multimodal
communication technology in China
and the U.S., announced today its latest plan for the Company's
acoustic business. This includes entering into agreements with new
global manufacturing partners with specialized production
facilities, and finalizing upgrades of several key acoustic
disinfection products. These steps align with the Company's plan to
commence the production and market deployment of its new and
upgraded products soon, actively supporting the Company's fiscal
year 2024 revenue guidance of approximately $86 million, representing an increase of
approximately 1,128% year-over-year.
Ms. Zhixin Liu, CEO of Datasea,
commented, "We believe that the introduction of upgraded acoustic
disinfection products and their rapid market deployment will play a
significant role in driving our financial performance in the
periods ahead. With significant progress in domestic channel sales
of our acoustic hi-tech products and our entry into the U.S.
market, we believe that we are primed to develop sustained sales
volume of our acoustic hi-tech products in both the U.S. and
China."
Datasea is a global initiator, promoter, and practitioner of
acoustic concepts and is one of the pioneers in introducing the
concept of acoustic effects globally. The Company jointly launched
the first 'Acoustic Intelligence White Paper' in China in December
2021 in collaboration with the Key Laboratory of Artificial
Intelligence of the Ministry of Industry and Information Technology
of China, the Institute of
Telecommunications of the Ministry of Industry and Information
Technology of China, and the Cloud
Computing and Big Data Research Institute of the Institute of
Telecommunications. Through non-visual intelligent algorithms,
ultrasonic, and directional sound technology, the Company is
committed to technological advancement and precision manufacturing
in various fields including acoustic agriculture, acoustic medical
beauty, acoustic medical health and the acoustic Internet of
Things.
Our proprietary technology utilizes cutting-edge technology in
acoustics, such as ultrasonic sterilization, to combat viruses and
prevent human infections. This technology leverages the mechanical,
thermal, and cavitation effects of ultrasonic waves. When subjected
to ultrasonic stimulation, microorganisms including coronaviruses
undergo significant vibrational strain, destroying the virus's
outer shell and internal RNA. Based on this, Datasea currently has
nine flagship products in the acoustic hi-tech series including
floor-standing, desktop, and car-mounted air disinfection machines
for home and office use, as well as products for wardrobes
(dehumidification, sterilization, odor removal), and smart sleep
aids. The Company's products are promoted and sold in China through direct sales, distribution
channel agents, and livestreaming ecommerce broadcasts. Through its
wholly-owned subsidiary Datasea Acoustics LLC in Delaware, the Company is proceeding to launch
its latest solutions for sound disinfection sterilazers, odor
removal, sleep aids, and dehumidification products in the U.S.
market, having established partnerships with U.S. channel partners,
including Meglio Interiors LLC, based in Chamblee, Georgia. Datasea has also opened
retail stores on the U.S. Amazon platform and it has actively
engaged with large potential customers in the hotel and school
sectors in New York, Philadelphia and other cities.
In addition, the Company is actively expanding into fields with
broad market prospects such as sound industry and sound
agriculture. In the sound industry sector, sound wave technology
can be widely applied in process substitution and upgrading in
multiple segmented fields including ultrasonic precision
processing, ultrasonic cleaning, welding, molding, liquefaction,
dispersion, bubble removal, extraction scanning, detection, and
liquid level gauges, as well as water treatment, including
automotive manufacturing, electronic equipment, aerospace, and
other industrial manufacturing fields. Sound industry technology
and products based on ultrasonic waves could comprehensively
improve production efficiency, reduce energy consumption and
improve product quality in numerous industries. The market size for
just one process, ultrasonic welding, is expected to reach
approximately US$ 513 million
(RMB 3.7 billion) by 2025 according
to the 'Research Report on the Current Situation and Deep Research
and Development Prospects of China's Ultrasonic Welding Equipment Industry
2023-2025'.
The Company believes that as it continues to develop its sound
wave technology through its leading edge R&D, it will expand
the application areas for its acoustics business which will lead to
a substantial expansion of the markets for its products.
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 Contact:
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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SOURCE Datasea Inc.
