Benzinga | Feb 11, 2021 08:39AM EST

Datasea And Subsidiary Guozhong Haoze Sign Smart Community Security Services Agreements Valued At $18,497

BEIJING, CN / ACCESSWIRE / February 11, 2021 / Datasea Inc. (NASDAQ:DTSS) ("Datasea"), a technology company engaged in providing smart security solutions, smart hardware, and education-related technologies in China, announced today that Datasea and its wholly-owned subsidiary company Guozhong Haoze (Beijing) Technology Ltd. ("Guozhong Haoze"), had signed several agreements to provide Smart Community Security Services (the "Community Services"). Guozhong Haoze was formed in 2020 to develop and market the Company's smart security system products.

Datasea has entered into a purchase agreement with Tianjin Yidong Fenxiang Technology Co., Ltd. (" Yidong Fenxiang") to provide hardware equipment with functions like thermal imaging temperature measurement. As a part of the Community Services, the hardware equipment facilitates contactless body temperature measurement and uses artificial intelligence-based face recognition technology to assist in identifying the potential public healthcare risks. The total value of this engagement is RMB 119,640 (or approximately $18,497).

In addition, Guozhong Haoze has entered into cooperation agreements with Tianjin Zhaofeng Property Management Co., Ltd., Tianjin Jingming Property Management Co., Ltd., Tianjin Aisen Property Management Co., Ltd., Tianjin Qishengyuan Real Estate Investment Co., Ltd., Tianjin Jinghaizhanghe Logistics Co., Ltd., Tianjin Yidingshang Property Management Co., Ltd., Tianjin Hengfushenghong Property Management Co., Ltd., and Tianjin Yiyuan Property Management Co., Ltd.

Under the terms of these agreements, Guozhong Haoze will install public community security systems, perform regular maintenance and host software operations training sessions for eight new customers in nine residential communities they manage, in exchange for 90% of the display-related advertising income generated on the hardware equipment. The public community security systems include: (1) the hardware equipment and (2) the software, which comprises online management platforms for residents and property management teams, and an e-commerce platform for residential communities. The term of the service agreement with Tianjin Yiyuan Property Management Co., Ltd is one year. Except that, the term of each of the other service agreements is five years.

"Datasea's Community Services focus on the needs of households and property management while facilitating intelligent upgrades for the whole community. The company anticipates installing the hardware equipment in community space with high foot traffic and therefore generates revenue from the display-related advertising. The e-commerce platform is designed to bring convenience for residents, and Datasea will charge maintenance fee from the third-party service providers that use the e-commerce platform to generate sales," said Zhixin Liu, CEO of Datasea." We believe in the vitality of the community and business potential surrounding it. We aim to use our technologies to facilitate community engagement."