DTSS - Datasea to Drive Growth in its Acoustic Business via Product Upgrades and U.S. Market Entry | Benzinga
BEIJING, March 12, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ:DTSS) ("Datasea" or the "Company"), a Nevada corporation engaged in innovative business segments for Acoustics Hi-tech and 5G-AI multimodal communication technology in China and the U.S., announced today its latest plan for the Company's acoustic business. This includes entering into agreements with new global manufacturing partners with specialized production facilities, and finalizing upgrades of several key acoustic disinfection products. These steps align with the Company's plan to commence the production and market deployment of its new and upgraded products soon, actively supporting the Company's fiscal year 2024 revenue guidance of approximately $86 million, representing an increase of approximately 1,128% year-over-year.
Ms. Zhixin Liu, CEO of Datasea, commented, "We believe that the introduction of upgraded acoustic disinfection products and their rapid market deployment will play a significant role in driving our financial performance in the periods ahead. With significant progress in domestic channel sales of our acoustic hi-tech products and our entry into the U.S. market, we believe that we are primed to develop sustained sales volume of our acoustic hi-tech products in both the U.S. and China."
Datasea is a global initiator, promoter, and practitioner of acoustic concepts and is one of the pioneers in introducing the concept of acoustic effects globally. The Company jointly launched the first 'Acoustic Intelligence White Paper' in China in December 2021 in collaboration with the Key Laboratory of Artificial Intelligence of the Ministry of Industry and Information Technology of China, the Institute of Telecommunications of the Ministry of ...