Focus Universal Launches Universal Smart IoT Platform to Overcome Industry Implementation Barriers

Focus Universal Inc. (NASDAQ: FCUV) has launched the Universal Smart IoT App in Apple's app store and Google Play's app store, representing a significant advancement in overcoming the longstanding barriers to widespread Internet of Things adoption. The IoT market was valued at $540 billion in 2022 and is projected to grow to $3.3 trillion by 2030, with a CAGR of 26.1%, yet industry surveys reveal alarming failure rates that have hampered realization of this potential.

Traditional IoT implementation has been constrained by high development costs and technical complexity, with customized solutions requiring bespoke designs built from scratch. Cisco Systems reported a 75% failure rate for IoT projects, while Microsoft found that 30% fail at the early proof-of-concept stage. Focus Universal's platform addresses these challenges by providing a pre-built common foundation where different IoT devices can share approximately 90% of the same hardware and software, substantially reducing development costs and complexity.

The company's Universal Smart Software Platform eliminates the need for multiple device-specific applications, allowing engineers to support all IoT products through a single platform without sacrificing performance. This streamlined approach significantly cuts costs and improves efficiency, enabling the company to offer its IoT platform at a fraction of the cost required for custom solutions. The platform's revolutionary product, the Ubiquitor, can connect to any sensor without theoretical limits, driving the average cost per sensor toward the cost of the sensors alone.

Simultaneously, Focus Universal has developed AI-driven SEC financial reporting software that addresses another complex, costly business process. The Financial Reporting Software Market was valued at US $13.9 billion in 2022 and is projected to grow to US $36.6 billion by 2030, at a CAGR of 12.8%. Traditional SEC financial reporting is a complex process that may take several weeks, with delays potentially resulting in SEC reviews, enforcement actions, and significant penalties.

The company's fully automated, end-to-end solution powered by automation and Variegated AI can retrieve financial statements from accounting platforms, reformat data into spreadsheets, automatically generate consolidated financials, populate SEC filings, convert documents to SEC-compliant versions via EDGARization, and embed accurate tags into HTML files with minimal manual input. Built-in validation, including self-consistency and compliance checks, ensures accuracy and eliminates human error. What traditionally required weeks of manual work can now be completed in minutes, with the software capable of processing a hundred-page SEC financial report in seconds compared to the traditional rate of ten pages per hour.

Focus Universal is partnering with industry-leading partners to conduct real-time testing of this technology, which the company believes does not replace the SEC-required review process but removes much of the labor-intensive manual work. The combination of these innovations positions the company to address two major industry challenges: the high failure rate and complexity of IoT implementation and the costly, time-consuming nature of SEC financial compliance.