Focus universal inc. announces board approval for spin-off of lusher inc.

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 and commercialization, which enables focus universal to concentrate more on the core of universal smart iot.
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