DTSS - Datasea Enters into Manufacturing Agreement to Accelerate Production and Deployment of its Hi-Tech Intelligent Acoustic Products | Benzinga
BEIJING, March 19, 2024 /PRNewswire/ -- 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, ...