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Focus Universal Inc. Announces an Update on Universal Smart IoT PlatformsCurrently, Focus Universal is in the process of testing these universal smart IoT platforms. Focus Universal is simulating 100,000 IoT devices running on Focus platforms, and the company expects to complete this large simulation at the end of March. Focus Universal also expects to complete an even larger simulation of 100 million IoT devices running on the platforms by the end of 2024. Focus Universal also expects to start commercializing this technology in 2025. The initial, simplified version of universal smart IoT technology is our universal smart device (Ubiquitor), a single device is able to connect to any vast number of independent sensors, theoretically. When a moderate number of sensors are connected, the cost of the universal Ubiquitor, averaged over the number of sensors, becomes negligible. Ubiquitor's efficient and cost-effective approach to the cost of connected sensors is illustrated by the fact that development under Focus' platform system is a fraction of traditional device development cost. This one-of-a-kind Ubiquitor was first showcased at CES 2024 and attracted significant interest from potential customers, as also announced. Universal smart approach to build IoT infrastructure eliminates the redundant design in both IoT hardware and software and allow engineers start to build IoT from 90% completed foundation instead of the starting from scratch, this approach not only allows different IoT devices share the 90% common hardware and software to significantly lor the cost, but also significantly simplify the IoT design. The Internet of Things (IoT) market size was valued at $544 Billion in 2022 and is projected to $3.3 Trillion by 2030, exhibiting a CAGR of 26.1%. A Cisco Systems company survey had revealed that three-quarters of IoT projects are failing, and a similar Microsoft company survey reported 30% of IoT projects failed in the proof-of-concept stage. Focus Universal developed the universal smart IoT technology aimed to overcome these challenges. About Focus Universal: Forward-Looking Statements: For investor and media inquiries, please contact: For company inquiries, please contact: SOURCE: Focus Universal Inc. View the original press release on accesswire.com
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