Focus Universal Inc. Announces Sale of Warehouse with Profit and Investment in Innovation

Focus Universal Inc. (NASDAQ:FCUV), a major player in the hardware and software technologies dedicated to the Internet of Things (IoT) and 5G, recently sold its warehouse located in Ontario for $7.1 million. This transaction generated a capital gain of $2.6 million for the company, which had acquired the property in 2018 for $4.5 million. In the current market evolution context, the management considers this operation as a successful realization of its investment.

The CEO of Focus, Desheng Wang, highlighted that the funds generated from this sale will be reinvested in the development of their innovative products, including the Ubiquitor and a software for automating SEC financial reporting. The Ubiquitor stands out for its versatility, capable of performing multiple custom functions and controlling various sensors or actuators, thus optimizing the use of IoT devices.

Focus Universal Inc. is also striving to transform the data entry sector with its Data Entry Automation software, promising to significantly reduce the time required for SEC financial report preparation. This innovation is part of the company's overall strategy to reduce costs and development lead times, while improving the efficiency and security of its patented technologies.

Embedded in the IoT and 5G technological landscape, Focus Universal continues to strengthen its market position through its portfolio of patented technologies. The company remains committed to applying its artificial intelligence solutions to various sectors requiring intensive manual data entry.