BEIJING, Jan. 29, 2019 /PRNewswire/ -- Luokung
Technology Corp. (Nasdaq: LKCO) ("Luokung"
or the "Company"), one of global leading spatial-temporal
big-data processing technology company, a leading interactive
location-based services company in China, today announced its
strategic partnership with Beidou Navigation and Location Service
(Beijing) Limited ("China-LBS"),
which is the builder and operator of Beidou Navigation and Location
Service Industrial Public Platform. The partnership aims at
providing a leading spatial-temporal big data platform service in
the area of intelligent transportation to the Company's users.
China-LBS has been made the designated
public platform for location-based services by Beijing government. China-LBS'
platform has significant data resources in the navigation and
location-based services industry, including aerial images data,
satellite images data, digital elevation models, vector topography,
geographical names database, navigation electronic maps, nautical
charts and navigation channel charts, meteorological and
hydrological data, users' location data of terminals. The platform
also has significant shared bicycle tracks, transport and personal
vehicle tracks in Beijing area.
The accumulated data is over 200T (TrillionByte). In
addition, it provides lane-level high-precision location-based
services on top of its lane data with centi-meter level accuracy
for the express way.
Luokung processes the world leading spatial-temporal cloud
indexing technology and vector data processing technology, which
can quickly unlock the value of the data through efficient
processing of massive spatial-temporal data.
Combining the strength of the massive data resources of Beidou
navigation and location, and Luokung's advanced technology in
dynamic location data analysis, HD Map and real-time analysis, the
partnership allows Luokung to further extend the reach and
capability of its urban traffic neural network, and to provide the
foundation for Autonomous Driving, Intelligent Network, Smart
Traffic and Smart City.
Luokung will provide China-LBS with stable, elastic, efficient
spatial-temporal cloud computing support based on its
full-vector, non-slicing mobile internet map. The two parties
will jointly build a public location service platform for
information interchanging, data sharing, resource integration and
application integration.
Both parties will promote the application of Beidou, offer
innovative location-based services in wide range of business
scenarios, and jointly build a full Spatial-temporal Big Data
Integrated Management Platform in the area of intelligent
transportation that covers expressway, inland marine, fleet
operation, travel sharing and other applications. They will
together create a bright future for spatial-temporal services.
About Luokung Technology Corp.
Luokung Technology Corp. is one of global leading
spatial-temporal big-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.