Home > Boards > US Listed > Miscellaneous > DataSea Inc. (DTSS)
Followed By 126
Posts 21395
Boards Moderated 0
Alias Born 11/01/2012

Monday, August 03, 2020 10:35:47 AM

Re: None

Post# of 76
Datasea Signs its First Agreement in Beijing, China to Install its Proprietary Monitoring System

Source: GlobeNewswire Inc.

Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a technology company engaged in providing smart security solutions and developing education-related technologies in China, has entered into an agreement with Beijing Tengyuejunjie Parking Management (“BTPM”) to install its proprietary and Control System in Nantaipingzhuang Beixiang, a residential community in the Chaoyang District of Beijing. The total value of this engagement over the three-year term of this engagement is RMB [55,000] or approximately $[7,800]; this engagement will be the first-of-its-kind arrangement for the Company in Beijing.
Datasea’s proprietary system was developed specifically to monitor potential public healthcare threats within schools and public communities. The system facilitates contactless body temperature measurement and uses artificial intelligence-based face recognition technology, automatically identifying individuals at the community’s ingress and egress access points, thus allowing BTPM to monitor activity and receive real-time feedback in that community.

Under the terms of this arrangement, Datasea will provide the hardware, software, and the installation services to Nantaipingzhuang Beixiang, a community with more than 1,200 homes and 4,000 residents.

“We are encouraged to see our domestic footprint expand into Beijing,” said Datasea Chairman and CEO, Ms. Liu Zhixin. “As the capital of China, Beijing has a population of over 21 million residents and more than 6,000 residential communities. Our long-term growth strategy is to capture as much of this densely populated part of China as possible. Our team has been hard at work in developing our proprietary technology, and we are proud to see it yield positive results.”

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 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 Relations
Matt Glover and John Yi
Recent DTSS News

FEATURED FansUnite Reports First Quarter Fiscal 2022 Financial Results May 27, 2022 12:49 PM

KINETIC Group (OTC:KNIT) ("KNIT") Acquires GSS Infrastructure LLC in an All Stock Transaction KNIT May 27, 2022 10:00 AM

XCPCNL Signs Letter of Intent to Acquire Communications, Financial Disclosure, and Multimedia Marketing Firm, Mcap Media, Inc. XCPL May 27, 2022 7:00 AM

Thunder Energies Signs $40 Million Funding Agreement TNRG May 26, 2022 4:30 PM

Emerging Markets Report: A Case for Uranium LAM May 26, 2022 10:07 AM

HNRC UPDATES ON SECOND $100 MILLION DOLLAR SPAC HNRC May 26, 2022 10:00 AM

Grove Inc. Upexi Division Launches Medicinal Mushroom Product Line Direct to Consumer and on Amazon GRVI May 26, 2022 9:07 AM

SciSparc Announces Ethics Committee Approval to Conduct a Phase IIb Trial in Tourette Syndrome SPRC May 26, 2022 8:35 AM

Branded Legacy, Inc. Signs LOI To Acquire First Patent Thomas Pepper Johnson To Join Company's Executive Team BLEG May 26, 2022 8:30 AM

Dalrada Continues Upward Trajectory with 252% Growth in Third Quarter 2022 Financial Results DFCO May 26, 2022 8:00 AM

Atlanta Based Specialty Realty Group Reorganizes, Changes Business Plan & Leadership TNRG May 25, 2022 8:00 PM

OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Agrees Terms With an Acquisition Delivering Upwards of $100 Million in Annual Revenue ILUS May 25, 2022 11:52 AM

Branded Legacy, Inc. To Introduce New Delta 9 blend THC-0/Delta-8 Blend Gummies Sell Out Again BLEG May 25, 2022 8:30 AM

Goldshore Resources Announces Public (NSERC & MITACS) and Educational (Lakehead University) Tri-Party Institutional Partnership with Alliance Grant GSHR May 25, 2022 8:20 AM

Ultrack Systems Fully Acquires California Trucking Company M-Loan Inc. MJLB May 24, 2022 9:30 AM

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y