Focus Universal Inc. Announces Details of Special Dividend

Rhea-AI Summary

Focus Universal Inc. (NASDAQ: FCUV) announced that its common stock shares will follow NASDAQ's "due bill" procedures from February 23 through March 23, 2023, with an ex-dividend date of March 24, 2023. The company specializes in patented hardware and software design technologies for IoT and 5G, holding 26 patents and patents pending. Its technologies aim to tackle key industry challenges, promising cost reductions and improved efficiency. As a member of the Russell 2000 Index, Focus Universal is positioned within the Nasdaq Global Markets, indicating its relevance in the tech sector.

Positive

• Focus Universal has announced a special dividend, indicating financial strength.
• The company holds 26 patents, enhancing its competitive edge.
• Technological advancements promise cost reductions and efficiency improvements.

Negative

• None.

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / March 22, 2023 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G announced today that the Company's common stock shares will be traded in accordance with the "due bill" procedures of NASDAQ from February 23, 2023 through March 23, 2023. The ex-dividend date is March 24, 2023.

About Focus Universal:

Focus Universal Inc. (NASDAQ: FCUV) is a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. The company has developed five disruptive patented technology platforms with 26 patents and patents pending in various phases and 8 trademarks pending in various phases to solve the major problems facing hardware and software design and production within the industry today. These technologies combined to have the potential to reduce costs, product development timelines and energy usage while increasing range, speed, efficiency, and security. Focus currently trades on the Nasdaq Global Markets and is in the Russell 2000 Index.

Forward-Looking Statements:

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and Focus Universal specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

Skyline Corporate Communications Group, LLC
Lisa Gray
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
lisa@skylineccg.com

For company inquiries, please contact:
Investor Relations
626-272-3883
ir@focusuniversal.com

SOURCE: Focus Universal Inc.

View source version on accesswire.com:
https://www.accesswire.com/745242/Focus-Universal-Inc-Announces-Details-of-Special-Dividend

FAQ

What are the dividend details for Focus Universal (FCUV) in March 2023?

Focus Universal has designated March 24, 2023, as the ex-dividend date for its shares, which will follow NASDAQ's 'due bill' procedures from February 23 through March 23, 2023.

How many patents does Focus Universal (FCUV) currently hold?

Focus Universal holds 26 patents and has additional patents pending, reinforcing its position in technology development.

What market index does Focus Universal (FCUV) belong to?

Focus Universal is included in the Russell 2000 Index, indicating its significance among small-cap companies.

What technologies does Focus Universal focus on?

Focus Universal specializes in patented hardware and software technologies for Internet of Things (IoT) and 5G applications.