Summary
- Focus Universal has filed to raise $10 million in a U.S. IPO.
- The firm is developing an all-in-one electronic device for Internet of Things applications.
- FCUV has little in the way of financial results and is still primarily in R&D stage of development, so I'll be passing on this IPO.
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Quick Take
Focus Universal (OTCQB:FCUV) has filed to raise gross proceeds of $10 million from a U.S. IPO, according to an S-1/A registration statement.
The firm operates as a universal smart device developer and manufacturer.
FCUV is still in R&D phase for an all-in-one Internet of Things device, and has no meaningful financial results to-date, so I'll be watching this IPO from the sidelines.
Company & Technology
Los Angeles, California-based Focus Universal was founded in 2014 to develop the Ubiquitor universal smart device.
Management is headed by Founder, CEO, and Director Desheng Wang.
In March 2019, the firm acquired AVX Design and Integration, a LA, California-based company founded in 2000 to provide high-performance Audio/Video, Home Theater, Lighting Control, Automation and Integration services.
Focus Universal has developed the Ubiquitor universal smart device that “can be used to wirelessly measure and test a variety of electrical and physical phenomena such as voltage, current, temperature, pressure, sound, light, and humidity.”
The Ubiqitor is based on the company’s proprietary, in-development universal smart instrumentation technology that consists of a Universal Smart Instrumentation Platform [USIP], which management believes “will replace the functions of thousands of traditional wired and wireless measurement and sensing instruments at a fraction of their current market prices.”
Other company products include the Universal Smart Controller [USC] device that controls any device plugged into it using a mobile app, as well as other sensors for the measurement of temperature, humidity, and pH, among others.
The firm’s business consists of selling digital, analog, and quantum light meters and various filtration products, including fan speed adjusters, carbon filters and HEPA filtration systems as well as the AVX smart home design, integration and installation operations.
