Focus Universal Inc. develops and manufactures smart instrumentation platform and device. It 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 that displays the readings of various sensor nodes. The company's universal smart instrumentation platform (USIP) utilizes mobile devices or computers to communicate with smart devices, such as sensors, instruments, probes, and controllers to monitor and control any functions. It also offers digital sensors and horticultural sensors, as well as universal smart controller (USC), a controller device. Further, the company provides filter and handheld meter products, including fan speed adjuster, carbon filter, and HEPA filtration systems, as well as digital light and quantum par meters through distributors. Additionally, it provides integration of houses, apartment, commercial complex, and office spaces with audio, visual, and control systems to integrate devices in the low voltage field, as well as partial equipment upgrade and installation services. The company was incorporated in 2012 and is based in Ontario, California.
IPO Year:
Exchange: NASDAQ
Website: focusuniversal.com
ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / February 7, 2023 / Focus Universal, Inc. (NASDAQ:FCUV) ("Focus Universal" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G is pleased to announce today that its Board of Directors (the "Board") declared a special dividend of one share dividend for every two shares of Common Stock issued and outstanding resulting in a 50 percent stock dividend of the Company's outstanding common stock (the "Dividend"). There were 43,130,915 shares of the Company's common stock outstanding as of February 7, 2023. Once the stock dividend is issued, there will be 64,696,373 shares of the Company'
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ONTARIO, CA / ACCESSWIRE / September 20, 2024 / 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 it has received approval from Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") to transfer the listing from the Nasdaq Global Market to the Nasdaq Capital Market. The Company's securities will be transferred to the Capital Market at the opening of business on September 23, 2024.The Nasdaq Capital Market is a continuous trading market that operates in the same manner as The Nasdaq Global Market. Therefore, the Company's shares continue to t
New York, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Univest Securities, LLC ("Univest"), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of registered direct offering (the "Offering") of 3,750,000 shares of common stock priced at $0.32 per share its client Focus Universal Inc. (NASDAQ:FCUV) (the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. Under the terms of the securities purchase agreement, the Company has agreed to sell to the institutional investors a total of 3,750,000 shares priced at $0.32 per share. The aggregate gross p
ONTARIO, CA / ACCESSWIRE / September 16, 2024 / 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, today announced that it has entered into securities purchase agreements with a single institutional investor for the purchase and sale of 3,750,000 shares of common stock in a registered direct offering. The purchase price of each share is $0.32.The aggregate gross proceeds to the Company are expected to be approximately $1.2 million. The transaction is expected to close on or about September 17, 2024, subject to the satisfaction of customary closing conditions. Proceeds from the of
ONTARIO, CA AND LOS ANGELES, CA / ACCESSWIRE / August 27, 2024 / 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 will participate in the upcoming H.C. Wainwright 26th Annual Global Investment Conference from September 9-11, 2024, in New York City. For any investors attending the conference, if you are interested in arranging an in-person 1x1 meeting with the Company, please contact your H.C. Wainwright representative to request a meeting.If you are an investor in the Manhattan area that is not attending the H.C. Wainwright conference, but
ONTARIO, CA AND LOS ANGELES, CA / ACCESSWIRE / August 12, 2024 / 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, today announced that its SEC financial reporting software operates thousands of times faster than traditional manual methods.Financial reporting is the process through which an organization communicates its financial performance to stakeholders. Companies regularly file reports such as 10-K and 10-Q with the SEC to provide a comprehensive view of their financial health. Meeting reporting deadlines is crucial, as late filings or errors can lead to regulatory review,
ONTARIO, CA AND LOS ANGELES, CA / ACCESSWIRE / June 3, 2024 / 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, today announced that it will participate in the IoT Tech Expo North America 2024 at the Santa Clara Convention Center, CA from June 5-6, 2024.The IoT Tech Expo North America 2024 is one of the leading global IoT event series in the industry to explore the future of enterprise technology. The event will bring together key industries from across the globe for two days of top-level content and discussion across 7 co-located events covering IoT, Cyber Security & Cloud, Edg
ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / April 26, 2024 / 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, today announced the Board of Directors has approved the spin-off Lusher Inc. to develop the SEC Financial Reporting AI-Driven Automation Software for a future initial public offering and a potential Nasdaq listing.Chief Executive Officer Desheng Wang stated, "We are excited that our management team received authorization from our Board of Directors to start the spin-off process for Lusher Inc. Lusher Inc. which will focus on AI-Driven Automation Software development
ONTARIO, CA / ACCESSWIRE / April 8, 2024 / 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, today announced that Warren Wang has resigned his position at PX SPAC Capital Inc. and accepted a position at Focus Universal Inc. as Chief Strategy Officer and Vice President.Mr. Wang brings over 20 years of experience in financing, listing, and capital operations. He previously served as a board member and chief executive officer of PX SPAC Capital Inc. since February 2022, and as a board member and chief executive officer of PX Capital USA Inc. since March 2019. From March 2019 to Jan
ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / March 15, 2024 / 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, today announced it has engaged PX SPAC Capital Inc, to raise its visibility and strengthen its relationships within the investment community."We are thrilled about our new partnership with PX SPAC Capital Inc. PX's expertise will play a crucial role in supporting our business expansion and growth. The PX SPAC Capital team brings significant and highly relevant experience, along with an outstanding investment community network, which we believe will effectively commun
ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / February 23, 2024 / 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, today announced the sale of its Ontario warehouse facility."Our company has sold the warehouse for $7.1 million dollars, which has resulted in a $2.6 million dollar capital gain. As we purchased our warehouse for $4.5 million dollars in 2018, we feel it is the proper time to realize our investment given the changing market dynamics moving forward. We feel like our prudent and successful investment has yielded a beneficial return for the continued development of ou
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