BEIJING, Aug. 29,
2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS)
("Datasea" or the "Company"), a digital technology corporation
engaged in converging and innovative business segment for
intelligent acoustics technology in China today announced that Shuhai Information
Technology Co., Ltd. ("Shuhai Information "), the Chinese operating
company contractually controlled by the Company, has entered a
sales performance and Equity Adjustment Agreement with a top-tier
partner possessing industry product sales capabilities. This
alliance is slated for the upcoming launch of its non-contact
Intelligent Acoustic Skin Repair Robot. Alongside this partnership,
Shuhai Information is also launching a 100% owned subsidiary to
exclusively market the new intelligent acoustics medical
cosmetology and medical health product. This marks an important
evolution in the company's acoustic technology journey.
The Partnership
This partnership aims to synergize Datasea Inc.'s expertise in
acoustic technology with the partner's robust capabilities in
sales, marketing, and market operations, specifically in the beauty
industry. The agreement outlines various milestones for unlocking
equity in this groundbreaking venture. For instance, should the new
venture achieve an operating revenue of RMB
500 million yuan within the first fiscal year, the
partnering firm will become eligible for an equity transfer of 5%
for the new subsidiary.
An Important Evolution
"Following the success of our ultrasonic sterilization devices,
which have proven extremely effective at eliminating viruses and
bacteria, we're entering an important new phase with this
partnership and the creation of our wholly-owned subsidiary," said
Ms. Zhixin Liu, CEO of Datasea
Inc.
A Vision for the Future
Ms. Zhixin Liu, CEO of Datasea
Inc., added, "This strategic alliance and our new subsidiary
represent a significant step forward for us. By combining our
revolutionary acoustic technology with the partner's sales and
marketing expertise, we are poised to redefine the non-contact
beauty treatment sector and elevate personal care standards. The
potential for acoustic technology is limitless"
The partnership takes effect from July 1,
2023, with the aim of creating a global market presence for
the non-contact Intelligent Acoustic Skin Repair Robot.
About Datasea Inc.
Datasea Inc., was incorporated in Nevada on September
2014 and listed on the NASDAQ Capital Market on December 21, 2018 under the symbol DTSS. Datasea
is a leading provider of products, services, and solutions for
enterprise and retail customers in a converging and innovative
industry, Intelligent Acoustics, especially focusing on ultrasonic,
infrasound and directional sound technology. Datasea leverages
cutting-edge technologies in the realm of intelligent acoustics,
especially harnessing the power of ultrasonic sterilization to
combat viruses and prevent human infections. Alongside this, the
company delves into innovations in directional sound and medical
ultrasonic cosmetology. With a diverse product lineup, Datasea is
devoted to enhancing the quality of life using sound-based
solutions. In a strategic move to mark its presence in the global
arena, Datasea established a wholly-owned subsidiary, Datasea
Acoustics LLC, in Delaware, USA,
on July 31, 2023. This venture
underlines Datasea's dedication to "Intelligent Acoustics" and
marks its ambition to offer avant-garde antiviral acoustic
solutions at ultrasonic disinfection and sterilization, ultrasonic
cosmetology, acoustic medical care, and acoustic agriculture to the
US and international market, reaching an ever-growing consumer
audience. Simultaneously, the establishment of production,
assembly, and sales channels, coupled with the reinforcement of
technological enhancements and collaborations with international
technology laboratories, augments the prospects for the enduring
progress of Datasea Acoustics LLC. For additional information,
please visit: www.dataseainc.com. Datasea routinely posts
important information on its website. Twitter
@Dataseainc, https://twitter.com/Dataseainc.
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
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SOURCE Datasea Inc.