HONG
KONG, Jan. 4, 2024 /PRNewswire/ -- ICZOOM Group
Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic
component products e-commerce platform, announced today that the
Company has completed an extensive SaaS enhancement of its one-stop
components procurement platform to support customer growth.
ICZOOM's SaaS enhancement further integrates R&D,
operations, financial accounting and intelligent management systems
for more efficient and streamlined enterprise workflow
transactions. The enhancements also more tightly integrate support
of blockchain technology, more robust security protocols and supply
chain ERP management cloud platform service. Additionally, the new
SaaS enhancement provides more feature-rich automated analytics,
reporting, notification options, and intelligent management
systems.
ICZOOM's CEO, Mr. Lei Xia, commented, "We are enabling the
digital transformation of a growing number of customers' component
procurement systems. Our leadership and commitment to investing in
support of the small and medium-sized microelectronics enterprises
we serve are driving ICZOOM's growth as we help customers to
purchase electronic components more conveniently, reduce
procurement costs and improve procurement efficiency. At the same
time, this is helping us to build and fortify our competitive
advantage, which is important to our long-term success as we work
to build value for shareholders."
About ICZOOM Group Inc.
ICZOOM Group Inc. (Nasdaq: IZM) is primarily engaged in sales of
electronic component products to customers in Hong Kong and mainland China through its B2B e-commerce platform.
These products are primarily used by China based small and medium-sized enterprises
("SMEs") in the consumer electronic industry, Internet of Things
("IoT"), automotive electronics and industry control segments. By
utilizing latest technologies, the Company's platform collects,
optimizes and presents product offering information from suppliers
of all sizes, all transparent and available to its SME customers to
compare and select. In addition to the sales of electronic
component products, the Company also provides services to customers
such as temporary warehousing, logistic and shipping, and customs
clearance. For more information, please visit the Company's
website: http://ir.iczoomex.com/index.html.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company's
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Investors can
identify these forward-looking statements by words or phrases such
as "anticipate," "estimate," "plan," "project," "continuing,"
"ongoing," "expect," "we believe," "we intend," "may," "should,"
"will," "could" and similar expressions. The Company undertakes no
obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's registration statement and other filings with the U.S.
Securities and Exchange Commission.
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SOURCE ICZOOM