Datasea Enters into an Approximately $20.5 Million Sales Agreement with an Online Distributor ...
Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), incorporated in Nevada on September 2014, is a digital technology corporation engaged in three converging and innovative business segments: 5G messaging, acoustic intelligence, and smart city technology in China
BEIJING, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), incorporated in Nevada on September 2014, is a digital technology corporation engaged in three converging and innovative business segments: 5G messaging, acoustic intelligence, and smart city technology in China. Today, the Company announced that Shuhai Jingwei (Shenzhen) Information Technology Co., Ltd. ("Shuhai Jingwei"), a subsidiary of the Chinese operating company contractually controlled by the Company, has entered into a sales agreement with Shanghai Chengming Shengyuan Biotechnology Co., Ltd. (“Chengming Shengyuan”) to provide Hailijia air purifiers. The agreement sets forth the terms for the purchase of no less than 100,000 units of Hailijia air purifiers with the purchase value of no less than RMB 150 million (approximately USD 20.5 million) from November 2022 to November 2023. Chengming Shengyuan will promote and distribute Hailijia air purifiers mainly through e-commerce platform.
Datasea’s air purifier features innovative acoustic intelligence powered disinfection that has proven to be able to reduce bacteria and viruses without human contact, peculiar odor, or environmental damage. Under the brand Hailijia, Datasea has developed five models including in-vehicle sterilization and deodorization device, restroom sterilization and deodorization device, air disinfection device, and air disinfection and sterilization device to respond to a wide range of market needs. Air purifiers have gained greater urgency because of the global coronavirus pandemic and the need for sterilization has likely become a permanent way of life for many and will likely continue into common.
Commenting on today's announcement, Zhixin Liu, CEO of Datasea stated, “The sales agreement represents a successful outcome of Datasea’s strategy to unlock the full, long-term commercial value of our technologically advanced air purifiers. Datasea’s acoustic intelligence has been integrated into various business lines that are well-positioned for continued success as they pursue their individual strategic priorities. Starting with Hailijia air purifiers, acoustic intelligence powered products will provide the Company revenue generating opportunities, promotes and extends the Company’s brand deeper into the market.”
About Datasea Inc.
