BEIJING: Datasea Inc., a Nevada corporation engaged in innovative businesses in high-tech intelligent acoustics and 5G-Artificial Intelligence multimodal communication technology in the United States and China, announced 3 sales agreements with its subsidiaries in China.
The agreements reached a total value of approximately US$61.7 million that encompass two agreements for its 5G-AI communications segment, and one agreement for Datasea’s high-tech acoustic products segment.
Datasea CEO Liu Zhixin 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 functionality will drive further technological innovation and increased market share,” she Zhixin.
Datasea’s three new sales agreements include the company’s Guozhong Haoze subsidiary signing a 5G AI Multimodal Communication Agreement with Shenzhen Juhaowan Technology Co., Ltd., an online lifestyle services and application service provider on 15 May 2024.
According to the agreement, Juhaowan can purchase 5G multimodal communication delivery services from Guozhong Haoze over the course of 12 months which have an estimated total value of up to US$30 million.
Another agreement was made on 13 May 2024, involving the company’s Heilongjiang Xunrui subsidiary that signed a 5G AI Multimodal Communication Agreement with Shenzhen Yuzhongqing Technology Co., Ltd., a firm primarily engaged in internet and related services.
According to the agreement, Yuzhongqing can purchase 5G multimodal communication delivery services from Heilongjiang Xunrui over the course of 12 months which have an estimated total value of up to US$30 million.
Finally, on 8 June 2024, the company’s Shuhai Jingwei subsidiary entered into an Acoustic Products Sales Agreement with Tianjin Qianli Culture Communication Co., Ltd., an internet promotion and marketing service provider, for the Company’s acoustic high-tech products.
According to the agreement, Qianli Culture will purchase a total of approximately 20,000 units of the company’s “Tianer” and “Star Sleep” branded products, including air disinfection machines, restroom deodorization and disinfection devices, and sleep aids, by 31 December 2024, with the total contract amount reaching approximately US$1.7 million.
