Datasea Enters into a $378K Procurement Contract to Provide Cloud Transformation Services
BEIJING, Nov. 18, 2021 (GLOBE NEWSWIRE) -- 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 Informationand 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."
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