With the New Agreements, Products to be Placed in
a Total of 463 New Stores with
Total Projected Sales of 260,000 Units and Revenue of $19 Million
Expected by Year End 2025
BEIJING, Jan. 23,
2025 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS), a
Nevada-based digital technology
company specializing in acoustic high-tech and 5G AI multimodal
digital innovation ("Datasea" or "the Company"), today announced a
major update for its acoustic high-tech business. Following the
successful signing of agreements with 263 beauty salons and body
care stores in Northern China at
the end of December 2024, Guozhong
Haoze (Beijing) Technology Ltd.
("Guozhong Haoze"), a subsidiary of the Chinese operating company
contractually controlled by the Company, has now entered into 12
additional agreements with health management companies in
Tianjin, one of the largest cities
in China, further expanding its
reach in January 2025 (the "New
Agreements"). The Agreements will place Datasea's acoustic
high-tech products in an additional 200 beauty stores across key
Northern Chinese markets, including Hebei
Province, which are expected to drive sales of 120,000
additional units and provide added revenue of approximately
$8.2 million by year end 2025.
Pursuant to the New Agreements, the Company is targeting the
sale of an estimated 120,000 units of Datasea's acoustic high-tech
products which comprise acoustic sterilizers, sleep products and
5G+AI Digital Service Systems specifically developed for the beauty
industry. The New Agreements demonstrate the growing market
acceptance of Datasea's acoustic high-tech products and the
successful implementation of its strategic plan to position these
products in certain sectors including the beauty and body care
industry.
As of today, Datasea has placed its acoustic high-tech products
in total 263 beauty salons and body care stores targeting a
projected sale of 140,000 units and revenue of $11 million by calendar year end 2025.
Ms. Zhixin Liu, CEO of Datasea,
commented, "We are very pleased to announce our latest progress in
the dynamic scaling of our acoustic high-tech products. We also
anticipate developing additional avenues for our innovative
healthy-living systems which will further amplify our sales of
acoustic high-tech segment. The positive response from our new
partners validates the market's confidence in our acoustic
high-tech products and 5G+AI Digital Systems, and we expect that
this momentum will continue to accelerate throughout 2025. We
believe that those new Agreements will help us achieve our
forecasted full-year revenue of $90
million for our fiscal year ended June 30, 2025."
Key Aspects of the New Agreements
- Increased Reach for Acoustic High-Tech Products
- Datasea partners with 12 health management companies in
Tianjin and Hebei to place its products in 200 additional
beauty stores.
- The primary products in the agreements include the Ultrasonic
Sterilizer and the Non-Contact Sleep Aid.
- These advanced acoustic products aim to improve service quality
and enhance customer experience in partnered stores.
- Expansion of 5G+AI Digital Beauty System
- The Company will continue to deploy its 5G+AI Digital System
tailored for beauty industry needs, offering personalized customer
services, data-driven marketing, and efficient store
management.
- The system enables optimized service workflows, AI-powered
customer insights, and enhances retail store operations, helping
stores offer more customized and efficient services to their
customers.
- Revenue Growth and Market Validation
- New agreements to drive sales of 120,000 units with a projected
additional revenue of approximately $8.2
Million by year end 2025.
- This expansion builds on the momentum from the 263 stores
announced on January 6, 2025 and
reinforces the positive market reception of Datasea's products and
systems.
Foundation for Continued Growth and Expansion
The Company remains focused on expanding its footprint across
Northern China, with plans to
increase the number of partnered stores up to 10,000 beauty and
body care locations in the coming years, covering additional
provinces and Cities including Beijing and Inner Mongolia. Datasea aims to
continue driving sales growth in its acoustic high-tech product
segment while delivering value through its 5G+AI Digital System,
which enhances customer service and helps its partners optimize
business operations.
About 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 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 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.
