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The New Agreements Projected to Generate Sales of up to 140,000 Units and $11 Million in Revenue by Year End 2025
BEIJING, Jan. 6, 2025 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS, "Datasea" or "the Company"), a Nevada-based digital technology company specializing in acoustic high-tech and 5G AI multimodal digital innovation, today announced a major milestone for its acoustic high-tech business. On December 28, 2024, Guozhong Haoze (Beijing) Technology Ltd. ("Guozhong Haoze"), a subsidiary of the Chinese operating company contractually controlled by the Company, signed cooperation agreements (the "Agreements") with 14 beauty industry service and management companies, such as Tianjin Chuangfukang Consulting Service Co., Ltd. and Tianjin Haideci Technology Co., Ltd., to place its acoustic high tech products in a total of approximately 263 beauty salons and body care stores in key markets in northern China, including Tianjin and Hebei Province. The Agreements strengthen the Company's market presence in northern China and lay a solid foundation for substantial revenue growth from its acoustic high-tech product segment.
Pursuant to the Agreements, the Company is targeting the sale of a total of approximately 140,000 acoustic high-tech products by calendar year end 2025. The acoustic products included in the Agreements are acoustic air sterilizers and sleep products, as well as the Company's 5G AI Digital Service System specifically developed for beauty industry stores. Through its 5G AI Digital System, Datasea will also provide independent technical services to these stores, ultimately helping them offer better services to their customers.
Ms. Zhixin Liu, CEO of Datasea, commented, "We are both pleased and excited to announce these partnerships with multiple beauty salons and body care retail stores in northern China. With these new partnerships, we believe we are strategically positioned to market our acoustic high-tech products and advance the adoption of our Digital System for Beauty industry, which opens up a new sales channel for our products. We expect the new cooperation agreements to contribute a total of approximately 140,000 units in sales of acoustic high-tech products by the end of 2025, potentially driving the sales of the Company's acoustic high-tech products to over $11.0 million (Approximately RMB 77 million) in 2025. Over the next 2-5 years, we plan to further expand our customer channel to up to 10,000 beauty and body care stores, covering provinces in Tianjin, Hebei, Beijing and Inner Mongolia."
Key Aspects of the Agreements
1. A Boost to Acoustic High-Tech Product Sales
2. Provides 5G AI Digital Beauty System to Partnered Stores
Establishes Foundation for Expansion of High-Tech Acoustics Segment
Strategic Success Plan for the High-Tech Acoustics Segment
Datasea intends to continue to expand its sales channels and drive the digital transformation of this vertical in northern China via its advanced acoustic high-tech products and 5G AI Digital Beauty System. With leading edge technological expertise and marketing knowhow, the Company is committed to creating sustainable value for merchants and consumers. As Datasea further expands its operations, it is positioned to achieve significant growth and sustained profitability in its collaborative partnership with China's beauty and body care industry.
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
