The agreement is expected to generate up to approximately
$20.8 million annually
BEIJING, Dec. 2, 2024
/PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or the
"Company"), a Nevada digital
technology company focused on innovations in acoustic high-tech and
5G AI multimodal digital technologies, today announced that, on
November 23, 2024, the Company hosted
a product promotion event for its acoustics high-tech products,
named "5G AI: Unlocking the Future with Sound. In addition,
during the event Datasea entered into a strategic sales agreement
with Qingrong Digital Chain Technology Co., Ltd. ("Qingrong") for
the sale of up to an aggregate of 300,000 units of the Company's
acoustic high-tech products.
Ms. Zhixin Liu, CEO of Datasea,
commented, "We are thrilled with the success of our promotion event
and the new collaborations that it has fostered. Our acoustic
products, supported by innovative technology and a user-centered
design, have received strong recognition from the Tianjin government and the Tianjin Women
Entrepreneurs Association. Further, the agreement with Qingrong, a
key channel partner, represents a significant leap forward for our
acoustics segment, and it lays the foundation for a broader market
presence, growing product visibility, an increased revenue. The
agreement is expected to generate up to approximately $20.8 million (approximately RMB 150 million) in sales annually over the next
five years."
The "5G AI: Unlocking the Future with Sound" Promotion
Event:
The large-scale promotion event, "5G AI: Unlocking the Future
with Sound ", was held at the Haihai Building in the
High-Tech Zone of Tianjin, and it
showcased Datasea's latest advances in acoustic technology and the
Company's 5G-AI multimodal platform. More than 200 industry
leaders, channel distributors, and representatives from various
associations participated, including the Tianjin High-Tech Zone
Women's Federation and the Tianjin Women Entrepreneurs
Association.
Key Highlights of the Event:
- Product Innovation: Introduced Datasea's upgraded
Acoustic air sterilizers and Sleep Aid products, along with the
Company's 5G-AI multimodal application service platform, which
mainly focus the needs of the beauty industry in China.
- Strong Participation: Over 200 attendees and industry
representatives attended, demonstrating strong interest in
acoustics technology, with several entities expressing plans to
actively expand their offline store channels with the Company's
acoustics products.
- Empowering Women Entrepreneurs: Collaboration with the
Tianjin Women Entrepreneurs Association and the High-Tech Zone
Women's Federation to promote women-led business ventures,
reflecting Datasea's commitment to supporting diverse market
opportunities.
- Strategic Market Entry: The Company signed a strategic
cooperation agreement with the Tianjin Women Entrepreneurs
Association, providing support for the Company's efforts to drive
sales of its products in Tianjin
and the greater North China
region.
- Significant Sales Agreement: The Company signed a
strategic sales agreement with Qingrong for up to an aggregate of
300,000 acoustic units, emphasizing Datasea's growing market demand
and innovative product appeal.
The Sales Agreement with Qingrong
Under the strategic sales agreement with Qingrong, which has a
term of five years, Qingrong plans to sell up to an aggregate of
300,000 units of Datasea's acoustic products annually, including
air disinfection machines and sleep aids. These products, equipped
with ultrasonic core modules, offer powerful sterilization, odor
elimination, air purification, and sleep enhancement, suitable for
both residential and commercial use. During the term of the
agreement, Qingrong will resell these products through its
extensive network of thousands of home decoration stores across
China.
About Datasea Inc.
Datasea Inc. ("Datasea") is a leading provider of products,
services, and solutions for enterprise and retail customers in
converging and innovative industries, Acoustics High tech and 5G AI
multimodal digital platform, 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 digital segment operates on a
cloud platform based on AI. Datasea leverages cutting-edge
technologies in intelligent acoustics, 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 High tech and its intent to offer leading
edge acoustic solutions to the US 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 Inc. Investor relations
Email: investorrelations@shuhaixinxi.com
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com
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SOURCE Datasea Inc.