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Datasea Inc. (NASDAQ:DTSS) ("Datasea" or the "Company"), a digital technology company incorporated in Nevada, dedicated to innovative business in acoustic high tech and 5G-Artificial Intelligence multimodal communication technology in the United States and China, today announced that the Company's wholly-owned subsidiary, Shuhai Jingwei (Shenzhen) Information Technology Co., Ltd. ("Shuhai Jingwei") entered into a Manufacturing Cooperation Agreement (the "Agreement") with Broadway Precision Technology, Ltd. ("Broadway"), a wholly-owned subsidiary with factories in China, Thailand, Mexico and the US of Shanghai Yongli Belt Industry Co., Ltd ("Yongli") (300230.SZ), a company listed on the Shenzhen Stock Exchange. The Agreement marks an important step for Datasea in the production and deployment of its newly upgraded hi-tech intelligent acoustic deodorization and disinfection products.
Zhixin Liu, CEO of Datasea, commented, "We are very pleased to enter into the Agreement with Broadway as we believe it will accelerate the production and marketing of our hi-tech intelligent acoustic products while also supporting product orders currently under negotiation with major customers. We are confident in the market demand for our newly upgraded products and believe that this will lead to future corporate growth. As a global pioneer and developer of hi-tech acoustic intelligent products, Datasea's goal is to advance our proprietary acoustic intelligent solutions, expand our domestic and foreign markets, and provide customers with excellent products and services."
According to the Agreement, Broadway will provide injection molding and production services for the Company newly upgraded hi-tech intelligent deodorization and disinfection models. The manufacturing schedule of the company's products will be synchronized with our market and sales demands, facilitating ongoing negotiations with several key clients for product orders which we expect to sign in the near-term.
Datasea's newly upgraded intelligent deodorization and disinfection products are equipped with an ultrasonic core module featuring functions such as odor removal, powerful sterilization, air purification, and quiet operation for superior hygiene for both homes and offices. Broadway will use its most advanced production technology and high-quality materials to ensure that the quality of the Company's products achieves industry-leading standards. Functional testing of the new products, to include international safety certifications, will be immediately initiated upon production of the products to facilitate marketing and sales of its newly upgraded products in the U.S. and China.
For distribution of its newly upgraded hi-tech intelligent deodorization and disinfection products into the U.S. market, the Company has established partnerships with channel partners including Meglio Interiors LLC in Chamblee, Georgia, and it has entered into discussions with large customers such as hotels and schools. The distribution of the Company's newly upgraded hi-tech products into the China market will be launched through direct sales, distribution agents and livestreaming ecommerce.
Broadway is a wholly-owned subsidiary of Yongli. Broadway has production facilities in Shenzhen, Kaiping, Kunshan, Thailand and the US., with a total workforce of over 4,000 employees and more than 100 precision mold processing equipment and 700 plastic injection molding machines. Broadway is a contract manufacturer for international brands such as Philips, Sony (Japan), and Samsung (South Korea).
Posted In: DTSS
