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Focus Universal Inc. develops and manufactures smart instrumentation platforms and devices. The company offers Ubiquitor, a wireless sensor device with a universal sensor node and gateway system that uses a computer or mobile device as the output display module to show various probe module readings. Its smart instrumentation platform (USIP) utilizes mobile devices or computers to communicate with smart devices like sensors, probes, and controllers for monitoring and controlling functions. Additionally, the company provides digital sensors, horticultural sensors, and the Universal Smart Controller (USC), a controller device. Focus Universal also offers air filtration systems through distributors, along with filter and handheld meter products. The company was founded in 2009 and is based in Ontario, California.
Focus Universal Inc. develops and manufactures universal smart devices. Its product portfolio includes Universal Smart Instrumentation Platform, Ubiquitor, Universal Smart Controller, and Sensors. The company also supplies various air filtration systems. The Company consists of three types of operations- Focus and Focus Shenzhen (Corporate), Perfecular and Lusher (IoT Products), and AVX (IoT Installation Services). The majority of revenue is generated from IoT Installation Services. IoT Installation Services segment is an IoT installation and management company specializing in high-performance and easy-to-use audio/video, home theater, lighting control, automation, and integration.
Focus Universal Inc. (NASDAQ: FCUV) announced participation in InfoComm 2023, the largest pro AV technology exhibition in North America, from June 14-16 in Orlando, FL. The Company will showcase its AVX-branded LED panels and devices at Booth #689. Irving Kau, CFO of Focus Universal, expressed enthusiasm for engaging with attendees and highlighting their innovative products, designed for applications in audiovisual, digital signage, and learning technology. Focus Universal boasts a strong portfolio of patented technologies with 28 patents and patents pending, aimed at addressing key design and production challenges in IoT and 5G sectors. The firm is recognized for its potential to enhance efficiency and reduce costs across its offerings.
Focus Universal Inc. (NASDAQ:FCUV) has announced a share repurchase program authorized to buy back up to $7 million of its common stock. The board aims to strategically utilize capital to enhance long-term shareholder value amidst a favorable macroeconomic environment and strong business growth prospects. CEO Desheng Wang stated that this move reflects the company's confidence in its market opportunities and its commitment to long-term growth. The repurchase may occur through various means, with timing dependent on market conditions. Focus Universal's innovative technologies aim to solve key industry challenges.
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