BEIJING, March 5,
2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS)
("Datasea" or the "Company"), a Nevada corporation engaged in innovative
business segments for Acoustics Intelligence and 5G-AI multimodal
communication technology in China
and the US, issued guidance today for expecting a revenue of
approximately $86.0 million for the
Company's full year ended June 30,
2024. This represents approximately a 1,128% increase from
revenue of $7.0 million which was
reported for fiscal year ended June 30,
2023.
Datasea's CEO Zhixin Liu
commented, "Our guidance of approximately $86.0 million in revenue is due to projected
strong results from both of our business segments. We believe that
we have taken steps to deepen our distribution channels which will
be positive for our financial results. In addition, we are
beginning to see excellent progress in the domestic sales and in
penetrating the US market with our Acoustics Intelligence products
as we are gradually witnessing remarkable advancements in sales
both in the United States and
China."
"Our two business segments are supported by core technologies
that we believe confer a competitive advantage in their respective
market segments. Further, a key attribute of our technological
innovation is the use of AI-driven interactions which we believe is
becoming increasingly sustainable. Our operating model encompasses
distinct customer bases and sources of revenue which we believe
will create long-term value for our shareholders."
Datasea's Acoustics Intelligence Segment
Datasea is a global initiator, promoter and practitioner of
acoustic intelligence, and one of the pioneers in introducing
the global concept of "acoustic effects." We are committed to
advancing non-visual intelligent algorithms, ultrasonic technology,
precision manufacturing, and directional sound in various fields
including the acoustics industry, acoustics agriculture, acoustics
medical aesthetics, acoustics medical health, and acoustics IoT.
Our acoustic effects are derived by reverse engineering sound
characteristics and developing processing mechanisms from the
perspective of the impact of sound on people and objects. Our
commitment to technological advancement and global reach positions
us at the forefront of delivering cutting-edge Acoustics
Intelligence solutions that focuses on ultrasound, infrasound,
directional sound and Schumann resonance technology to meet the
evolving needs of our customers and communities worldwide. The
Company's products are currently being sold in China, and the Datasea plans to introduce its
cutting-edge antivirus acoustic solutions, including acoustic
sterilizers, acoustic odor removal products, acoustic sleep aid,
and acoustic dehumidification products to the US market through its
wholly-owned subsidiary, Datasea Acoustics LLC, based in
Delaware.
Datasea leverages cutting-edge technologies and precision
manufacturing in the field of sound disinfection and health care
that harnesses the power of ultrasonic sterilization to combat
viruses and prevent human infections. This technology capitalizes
on the mechanical, thermal, and cavitation effects of ultrasound.
When stimulated by ultrasound, microorganisms, including the
coronavirus, undergo significant vibration strains that disrupt the
virus's outer shell and internal RNA. The rapid movement of protons
attributable to ultrasound eventually devastates microbial
structures, annihilating harmful pathogens.
Datasea's AI-Based 5G Multimodal Communications
Segment
Datasea 5G-AI multimodal communication technology deeply
integrates self-developed 5G with AI, core algorithms and other
technologies, providing rich functions for various application
scenarios. The Company's technology encompasses AI digital
marketing functions, AI short video matrix functions and smart AI
agricultural e-commerce and other core features.
Datasea 5G-AI multi-modal communication technology features an
optimal use of 5G, artificial intelligence and natural language
processing (NLP) combined with its proprietary core algorithm
capabilities, cloud and edge computing, big data analysis, cloud
security and other multimodal capabilities. Utilizing the high
speed and low latency characteristics of 5G network, Datasea's
5G-AI multi-modal communication technology realizes a fast upload,
downloads and streaming of short videos. It can also ensure
real-time interactivity and a rapid response speed for digital
marketing and smart digital agriculture e-commerce platforms.
Datasea serves more than 48 million enterprises and individual
users in China with digital and
intelligent services utilizing its AI, machine learning and data
analytic capabilities that result in an array of 5G-AI multi-modal
communication products and solutions.
About Datasea Inc.
Datasea Inc. ("Datasea") is a leading provider of products,
services, and solutions for enterprise and retail customers in
innovative industries, Acoustics Intelligence 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 Acoustics Intelligence,
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
Intelligence and its intent to offer leading edge acoustic
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.