Datasea Receives 31 Purchase Orders for Epidemic Prevention and Control Systems from Public Places Entities in Mingguang City...
April 01 2020 - 8:30AM
Datasea Inc. (NASDAQ: DTSS), a technology company
engaged in providing smart security solutions and developing
education-related technologies, today announced that its
wholly-owned subsidiary, Guozhong Times (Beijing) Technology Ltd.
(“Guozhong Times”), has received 31 purchase orders from 9
development and construction companies in Mingguang City for
customized hardware and software solutions to slow the spread of
COVID-19 in specific areas. As of March 31, 2020, Guozhong Times
has received another 2 purchase orders from Dingyuan County and
Fuding City respectively. Datasea’s systems sold in these orders
will be utilized in 33 public places, including campuses, shopping
malls, scenic areas, residential areas, and factory areas.
Mingguang, which is home to science and
technology businesses, covers an area of 2,335 square kilometers
located on the northeastern edge of Anhui Province, China. As of
December 31, 2018, it has a total population of 644,000 and divided
into 17 districts. At the same time, there were 80,536 students in
151 schools in Mingguang City. Among them, 147 schools are K-12
schools with 76,348 students.
Public places such as schools, malls, and
factories are densely populated areas with more complicated
security needs, especially when addressing the COVID-19 pandemic.
As previously disclosed, Datasea’s systems are divided into the
campus version and the community version, the batch of purchase
orders are all for community version systems. Compared with the
campus version, the community version has more customized
functions, including attendance records, payroll statistics,
real-time monitoring, and visual display of the management
department. The value of a single purchase order ranges from $1,620
to $2,620 (RMB 11,500 to RMB 18,600). The total value of the 33
agreements is $84,000 (RMB 596,520). Pursuant to the purchase
orders, customers shall pay the full amount within 15 days after
the purchase order is signed. As of March 31, 2020, Guozhong Times
has received $69,500 (RMB493,500).
“Datasea's primary goal is to use our technology
and solutions to keep people safe. By saving time in measuring body
temperature and checking masks, we believe our system can improve
the work efficiency of community managers and provide a safer and
more transparent environment for the public,” said Ms. Zhixin
Liu, Chairman and CEO of Datasea. “With the effective control of
the COVID-19 in domestic areas, the willingness of schools to
resume classes and companies to resume work has become particularly
strong, but these customers are also concerned about the recurrence
of the virus, which is why they desire our system. We believe that
Mingguang City represents a solid foothold for our initial
revenue-generating contracts following our previously announced
pilot contracts, and we expect to receive more purchase orders in
Mingguang City and other cities over the next few months.”
About Datasea Inc.Datasea is a
technology company in China engaged in providing smart security
solutions and developing education-related technologies. Datasea
leverages its proprietary technologies, intellectual property,
innovative products and market intelligence to provide
comprehensive and optimized security solutions and
education-related technologies to its clients. Datasea has been
certified as one of the Zhongguancun High Tech Enterprises in
recognition of its achievement in high technology products.
Datasea's security and technology engineers and experts create,
design, build and run various security systems and education
technologies tailored to its clients' needs. Through its
professional team and strong expertise in the industry, Datasea
offers its clients a broad portfolio of security solutions, along
with strategic advice and ongoing management of their security
infrastructure, and digital education tools or programs. For
additional company information, please visit:
www.shuhaixinxi.com.
Cautionary Note Regarding
Forward-Looking StatementsThis press release contains
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934 and as defined in the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"estimates," "target," "going forward," "outlook" and similar
statements. Such statements are based upon management's current
expectations and current market and operating conditions, and
relate to events that involve known or unknown risks, uncertainties
and other factors, all of which are difficult to predict and many
of which are beyond Datasea's control, which may cause Datasea's
actual results, performance or achievements (including, without
limitation, the performance and related results of operations
arising from Datasea’s contracts and products addressed in this
press release) to differ materially and in an adverse manner from
anticipated results contained or implied in the forward-looking
statements. Further information regarding these and other risks,
uncertainties or factors is included in Datasea's filings with the
U.S. Securities and Exchange Commission, which are available at
www.sec.gov. Datasea does not undertake any obligation to update
any forward-looking statement as a result of new information,
future events or otherwise, except as required under the law.
IR contact:Dragon Gate
Investment Partners LLCTel: +1(646)-801-2803Email:
DTSS@dgipl.com
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