Datasea Enters Into Manufacturing Agreement To Accelerate Production And Deployment Of Its Hi-Tech Intelligent Acoustic Products
Portfolio Pulse from Benzinga Newsdesk
Datasea Inc. (NASDAQ:DTSS) has entered into a Manufacturing Cooperation Agreement with Broadway Precision Technology, Ltd., a subsidiary of Shanghai Yongli Belt Industry Co., Ltd. (300230.SZ), to accelerate the production and deployment of its hi-tech intelligent acoustic deodorization and disinfection products. This agreement aims to support product orders under negotiation with major customers and expand market presence in the U.S. and China. Datasea's products feature ultrasonic core modules for odor removal, sterilization, and air purification. The company has also established partnerships for U.S. distribution and is in discussions with large customers such as hotels and schools.
March 19, 2024 | 2:02 pm
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Datasea Inc. has partnered with Broadway Precision Technology to enhance production and distribution of its intelligent acoustic products, aiming to meet rising market demand and secure product orders with major customers.
The Manufacturing Cooperation Agreement with Broadway Precision Technology is likely to have a positive short-term impact on Datasea Inc.'s stock price. This partnership is expected to accelerate the production and marketing of Datasea's hi-tech intelligent acoustic products, which aligns with the company's growth strategy and efforts to secure orders from major customers. The emphasis on expanding both domestic and foreign markets, along with the initiation of functional testing for international safety certifications, suggests a strong potential for increased sales and market penetration.
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