Datasea Receives Second Subsidy from the Harbin Municipal Government to Develop its Safe Campus Management System
August 10 2020 - 8:30AM
Datasea Inc.
(NASDAQ: DTSS) (“Datasea” or the
“Company”), a technology company engaged in providing
smart security solutions and developing education-related
technologies in China, announced today that it has been selected to
receive a subsidy in the amount of RMB 300,000 (or approximately
USD$43,000) from the Harbin Municipal Government to enhance and
customize its Safe Campus Management System.
Harbin Municipal Government recently launched
its “Eagle Plan” to provide additional funds to companies with
innovative technologies for research and development purposes.
Following the review process, the Company was selected to receive
the government subsidy.
Datasea’s Safe Campus Management System was
designed to address security problems at K-12 school campuses by
providing intelligent video surveillance, dynamic video
recognition, identity recognition management, and
campus-intelligent management. The Company recently upgraded the
system to include infrared temperature measurement for real-time
body temperature monitoring in campus populations. With the
subsidy, the Company plans to enhance its Safe Campus Management
System.
“We view this subsidy grant as a recognition by
the Harbin Government of our efforts in developing the Safe Campus
Management System,” said Datasea Chairman and CEO, Ms. Liu Zhixin.
“Our first subsidy, as part of the S&T Achievement
Transformation Demonstration and Promotion Plan, offered financial
support of our pilot projects for the schools in the Heilongjiang
Province. We intend for this subsidy to continue our R&D
efforts going forward.”
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. For additional
company information, please visit: www.dataseainc.com.
Cautionary Note Regarding
Forward-Looking Statements This 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), Datasea’s ability to maintain the Beijing or
similar arrangements, to receive the subject subsidy within
the anticipated timeframe, to apply the subsidy to develop and
enhance the Company’s current systems, 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.
Investor Relations Contact:
Gateway Investor RelationsMatt Glover and John
YiDTSS@gatewayir.com949-574-3860
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