Focus Universal Inc. FCUV is among the first 10 companies listed on the Nasdaq Stock Market to be featured on the new Webull Corporate Communication services platform.
The Focus Universal portal on the Webull platform will help provide the company with a line of communication and deeper investor relations with shareholders while giving its followers instant notifications about company news, earnings reports, investor presentations and more. In a brief amount of time in limited release on the platform, the company has already attracted close to 1,000 followers.
Focus provides patented hardware and software design technologies for the Internet of Things (IoT) and 5G communication.
Webull is a leading digital investment platform that has an audience of tens of millions of mainly retail users from over 180 countries. Because Webull provides up-to-the-minute market data, news and powerful analytical tools to retail investors, Focus’s induction onto the platform has the possibility to broaden its reach and investment opportunities.
Focus Works To Solve Major Problems In IoT And 5G Technologies
As global technology becomes more interconnected, the industries that support the Internet of Things (IoT) and other growing technologies like more advanced communication like 5G must evolve. In 2021, the IoT market grew 22.4% to $157.9 billion. Studies forecast the IoT market size to grow to $525 billion from 2022 to 2027 at a compound annual growth rate of 22%. The number of connected IoT devices is expected to reach 14.5 billion globally by late 2022.
Despite the forecasted growth, developing IoT devices is a complicated process. Many companies have reported that few IoT initiatives have proven to be entirely successful. This is where Focus’s combined hardware-software integration solution comes into play. The company simplifies the design process, which both reduces the cost of production and eliminates existing roadblocks. It has created an interoperable, universal software solution.
Focus has four foundational patents granted and 26 patents in various phases throughout the process, including 2 provisional patents filed this quarter. These patented technologies are working to solve major problems in hardware design and production as well as software design and network communication inefficiencies.
One barrier to success that many IoT companies face is having the necessary IoT integration skills to create successful products. Focus provides back-end technical support, experience and products to push the industry forward.
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