DTSS - Datasea Enters into New Sales Agreements for its 5G AI Communications and High Tech Acoustic Segments Expecting $62 Million in Sales | Benzinga
The Three Agreements Support Continued Fiscal Year 2025 Revenue Growth for its Core AI-Based Businesses
BEIJING, July 1, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ:DTSS) ("Datasea" or the "Company"), a Nevada corporation engaged in innovative businesses in high-tech intelligent acoustics and 5G-Artificial Intelligence ("AI") multimodal communication technology in the United States and China, today announced three new sales agreements with its subsidiaries in China. If the parties to these agreements that total approximately $61.7 million that encompass two agreements for its 5G-AI communications segment, and one agreement for its high tech acoustic products segment.
Ms. Liu Zhixin, CEO of Datasea, commented, "We are pleased to enter into the new agreements as they are expected to increase new customer orders for both our 5G AI communications and acoustics products segments. We believe that both of our businesses are beginning to gain excellent traction due to their high value in the 5G communications and healthy living marketplaces. In addition, we are confident that the two segments' core AI ...