BEIJING, Jan. 24, 2019 /PRNewswire/ -- Luokung Technology
Corp. (LKCO) ("Luokung" or the "Company"), a global leading
graphics data processing technology company, a leading interactive
location-based services company in China, today announced its strategic
cooperation with the National Engineering Research Center for
Remote Sensing Applications ("the Engineering Center"), which is
China's national level center of
scientific research and development, technological innovation and
industrialization in the area of remote sensing application. The
two parties are pleased to jointly establish a national level
"Spatial-temporal Data Research Center" which will allow the
parties to access synergies and complementary advantages and
achieve further development in the spatial temporal data
industry.
Both government and industry users' demand for remote sensing
big data is expanding rapidly as the commercialization of remote
sensing satellite data and the One-Stop application of this data is
now in significant demand in the market. The Engineering Center is
supported by the Institute of Remote Sensing and Digital Earth
Chinese Academy of Sciences, and it possesses the mega satellite
remote sensing data collected from 1986 until now from global
satellites (including French SPOT satellite series, the
USA Landsat series, the Indian
IRS-P6, the European Space Agency ENVISAT-1 and the Canadian
RADARSAT series) through the China Remote Sensing Ground Station.
Based on its proprietary mega satellite remote sensing data, its
strong research strength, scientific achievements and technical
applications, Luokung is receiving the full support necessary to
realize the scientific research and development, technological
innovation and industrialization in the area of remote sensing
application. Both parties will cooperate fully and closely to
establish the One-Stop application platform for national remote
sensing big data.
Based on Luokung's non-slicing technology supported by a series
of its proprietary patents, PB (PB: Petabyte) sized image
data is allowed to be released in seconds, the actual effect of
image data rendered can be presented in real time. Luokung's
technology provides a strong performance guarantee and a solid
technical foundation for the instant distribution of mega image
data and automated lifecycle management.
Both parties will cooperate fully and closely in the domain of
spatial-temporal data with respect to their industry resources and
R&D achievements in order to build the remote sensing big data
application platform to fulfill the market needs. In addition, the
two parties will, in collaboration with distribution channels
across the nation of high-resolution satellites' remote sensing
data, build the industrialized remote sensing cloud service
platform, which provides services on combining remote sensing data
and subject-information, analytical and processing software,
storage and computing equipment, and business application software.
The cloud platform, with the remote sensing data service as its
core, will make profit from the value-added services. The two
parties will also vigorously collaborate to expand the remote
sensing industry ecosystem, composed of "data, software, equipment
and collaborative services to enable rapid industry service
integration, promote on-demand need-based client servicing and
profit sharing among service providers, in order to advance the
industrialization of the next generation of remote sensing cloud
services.
About Luokung Technology Corp.
Luokung Technology Corp. is one of global leading graphics data
processing technology company and a leading interactive
location-based services company in China. The core brands of the Company are
"Luokuang" and "SuperEngine". "Luokuang" is a mobile application to
provide B2C services and "SuperEngine" provides B2B and B2G
services in connection with Spatial-Temporal big data. The
Company's mobile application LuoKuang, provides location- based
interaction services for users based on the world's first
non-slicing, full-vector and full-function mobile internet map, it
also provides SDK embedded services to third-party mobile
application providers based on its full-vector and non-slicing
mobile internet map. The Company provides SaaS services in relation
to spatial-temporal big data internet and internet of things
relying on its proprietary patented spatial-temporal cloud indexing
technology, in fields including but not limited to HD Map, 3D Map,
Satellite Remote Sensing Data and Real-time trajectory. For more
information please go to http://www.luokung.com.
Business Risks and Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes", "estimates", "target",
"going forward", "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
For investor and media inquiries, please contact:
At the Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-5327-4727
Email: yujie@luokung.com
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SOURCE Luokung Technology Corp.