Focus Universal Inc. is preparing to unveil its cutting-edge technologies at the Ladenburg Thalmann Technology Innovation EXPO25, showcasing solutions poised to transform the Internet of Things (IoT) infrastructure and financial reporting processes. The company's flagship product, Ubiquitor, stands at the forefront of IoT innovation, capable of connecting to an unlimited number of sensors with minimal cost implications when multiple sensors are integrated. This breakthrough technology eliminates the need for traditional hardware and software redundancies, offering engineers a platform that is 90% complete, thereby slashing development time and expenses.
The IoT market is on a trajectory of rapid expansion, expected to grow from $540 billion in 2022 to $3.30 trillion by 2030, at a compound annual growth rate of 26.1%. Despite this growth, the sector faces significant challenges, with high failure rates in the early stages of IoT projects, as highlighted by surveys from Cisco Systems and Microsoft. Focus Universal's universal smart IoT platform addresses these challenges by enabling different IoT devices to share 90% of their hardware and software infrastructure, simplifying design processes and drastically reducing production costs.
Beyond IoT, Focus Universal is also making strides in financial reporting with its AI-driven SEC financial reporting software. According to CEO Dr. Desheng Wang, this software is 1,000 times faster than traditional manual methods, aiming to automate financial reporting processes. This innovation could significantly reduce the need for human intervention, offering a boon to attorneys, accounting firms, and financial reporting professionals by enhancing efficiency and accuracy.
With 26 patents and patents pending across five technology platforms, Focus Universal is cementing its position as a leader in technological innovation. The company's focus on reducing manpower costs, accelerating product development, and improving energy efficiency highlights its strategic approach to addressing some of the most pressing challenges in technology today.
