Datasea Enters into a $378K Procurement Contract to Provide Cloud Transformation Services
November 18 2021 - 8:30AM
Datasea Inc. (NASDAQ: DTSS, the "Company"), a digital technology
company engaged in three converging and innovative business
segments: smart city, acoustic intelligence and 5G messaging in
China, today announced that its wholly-owned subsidiary company
named Hangzhou Shuhai Zhangxun Information Technology Co., Ltd.
("Shuhai Zhangxun") had entered into a $378K procurement contract
(the "Contract") for Cloud Transformation Services (the "Cloud
Services") with China Mobile Communications Group Guangdong Co.,
Ltd. Guangzhou Branch ("China Mobile Guangzhou Branch").
Pursuant to the Contract, Shuhai Zhangxun will provide software
and hardware to China Mobile Guangzhou Branch's client, Shenzhen
Qikai Technology Co., Ltd. ("Shenzhen Qikai"), help Shenzhen Qikai
migrate its property management system from local servers to the
cloud and give necessary technical supports during the cooperation.
The Cloud Services include the offerings of 1) cloud computing; 2)
cloud database; 3) cloud network, which consists of flexible public
network IP services; 4) data migration service; 5) cloud security
services, which involves firewalls, vulnerability scanning and
other services; and 6) video monitoring services. The term of the
Contract is one year.
"Based on our 5G technologies, we can provide cloud-based
enterprise solutions. 2021 is a seismic year for us as we tapped
into the 5G Messaging market. It becomes clearer that it will be
our fastest-growing revenue stream, and we expect that to be
enduring," said Zhixin Liu, CEO of Datasea. "At the same time, the
synergistic effect among our three business units will be more
apparent. Leveraging the Company's proprietary technologies in
smart security and big data, we'll expand product coverage in
Information and Communications Technology projects and 5G
messaging-related fields. We are looking forward to helping more
companies make great use of 5G technologies with our solutions and
empower their business developments in the long run."
About Datasea Inc. Datasea Inc., through its
variable interest entity, Shuhai Information Technology Co., Ltd.,
a digital technology company in China, engages in three converging
and innovative industries: smart city, acoustic intelligence and 5G
messaging. Datasea leverages facial recognition technology and
other visual intelligence algorithms, combined with cutting-edge
acoustic and non-visual intelligence algorithms, to provide smart
city solutions that meet the security needs of residential
communities, schools and commercial enterprises. Most recently, in
response to the growing utilization of 5G technologies and the
overall initiative to utilize Datasea’s technology capabilities to
expand business coverage and revenue resources, Datasea has also
strategically expanded business coverage to 5G messaging and smart
payment solutions. Datasea has been certified as one of the High
Tech Enterprises (jointly issued by the Beijing Science and
Technology Commission, Beijing Finance Bureau, Beijing State
Taxation Bureau and Beijing Local Taxation Bureau) and one of the
Zhongguancun High Tech Enterprises (issued by the Zhongguancun
Science Park Administrative Committee) in recognition of the
Company’s achievement in high technology products. For additional
company information, please visit: www.dataseainc.com. Datasea
routinely posts important information on its website.
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," “objective” and
similar terms. 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 which
are beyond Datasea's control, which may cause Datasea's actual
results, performance or achievements (including the RMB/USD value
of its anticipated benefit to Datasea as described herein) 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 law.
Datasea investor and media
Contact:International Elite Capital Inc. Annabelle
ZhangTelephone: +1(646) 866-7989 Email:
datasea@iecapitalusa.com
Datasea (NASDAQ:DTSS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Datasea (NASDAQ:DTSS)
Historical Stock Chart
From Apr 2023 to Apr 2024