Focus Universal Inc.
(Note: This is NOT an IPO. IPOScoop has No Call on this offering. This is an uplift to the NASDAQ from the OTCQB market.)
We have developed four fundamental disruptive proprietary technologies which we believe solve the most fundamental problems plaguing the Internet of things (“IoT”) industry by: (1) increasing overall chip integration by shifting it to the device level; (2) creating a faster 5G cellular technology by using Ultra-narrowband technology; (3) leveraging ultra-narrowband power line communication (“PLC”) technology; and (4) User Interface Machine auto generation technology.
Our Universal smart technology is designed to overcome instrumentation interoperability and interchangeability. The electronic design starts from a 90% completed common foundation we call our universal smart instrumentation platform (“USIP”), instead of the current method of building each stand-alone instrument from scratch. Our method eliminates redundant hardware and software and results in significant cost savings and production efficiency. We have developed software machine auto generation technology to replace the manual software designs which are currently in use and cannot satisfy the exponential growth of future IoT industry demand. Our ultra-narrowband PLC enables our users to send data over existing electricity power cables and immediately establish a ubiquitous data network without substantial new investment for a dedicated wiring infrastructure. Our ultra-narrow band technology is capable of overcoming the noise problems communicating through power lines that have hindered our competitors for over a century. Our wireless communication technology allows for longer-range coverage, is more energy effective and has much faster data sending speeds than the current 5G technology speeds being used. We also provide sensor devices and are a wholesaler of various air filters and digital, analog, and quantum light meter systems.
(Note: Focus Universal priced its NASDAQ uplift offering on Aug. 30, 2021, at $5 – as expected – and sold 2 million shares, the number of shares in the prospectus, to raise $10 million.)
|Industry:||Industrial instruments for measure and control|
|Address||2311 E. Locust Court, Ontario, CA 91761|
|Phone Number||(626) 272-3883|
|View Prospectus:||Focus Universal Inc.|
|Revenues||$1.56 mil (last 12 months)|
|Net Income||$-2.15 mil (last 12 months)|
|Price range||$5.00 - $5.00|
|Est. $ Volume||$10.0 mil|
|Manager / Joint Managers||Boustead Securities|
|Expected To Trade:||8/31/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|