Datasea(US:DTSS) Prnewswireยท2024-03-12 14:40Core Viewpoint - Datasea Inc. is advancing its acoustic business by partnering with global manufacturers and upgrading key products, aiming for a significant revenue increase in fiscal year 2024, projected at approximately $86 million, which represents a year-over-year growth of about 1,128% [1][2]. Company Developments - The company is launching upgraded acoustic disinfection products and plans to deploy them rapidly in the market, which is expected to enhance financial performance [2]. - Datasea has established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware to strengthen its presence in the U.S. market [6]. - The company has developed nine flagship products in the acoustic hi-tech series, including air disinfection machines and smart sleep aids, which are marketed through various channels including direct sales and e-commerce [3]. Market Expansion - Datasea is expanding into various sectors such as sound industry and sound agriculture, utilizing sound wave technology for applications like ultrasonic cleaning and water treatment, which can improve production efficiency and reduce energy consumption [4]. - The market for ultrasonic welding alone is projected to reach approximately $513 million (RMB 3.7 billion) by 2025, indicating significant growth potential in the sound industry [4]. Technological Innovation - The company employs advanced technology in acoustics, including ultrasonic sterilization, to combat viruses and prevent infections, showcasing its commitment to technological advancement [3][6]. - Datasea is focused on expanding the application areas for its acoustics business through ongoing research and development [5].