BEIJING, May. 30, 2019 /PRNewswire/ -- Luokung
Technology Corp. (LKCO) ("Luokung" or the "Company"), one of
the global leading spatial-temporal big-data processing technology
companies, a leading interactive location-based services company in
China, today announced its
strategic partnership with Land Space Technology Corporation Ltd.
("Land Space"). The two parties will work together and take
advantage of respective strength on commercial space cooperation
with satellite remote sensing data applications as the main target
market. They will jointly develop domestic and foreign markets of
products and services which are not limited to spatial-temporal
big-data applications and aerospace application systems, and
jointly build a measurement and control system for rockets,
satellites and earth stations with global coverage.
On the strength of its accumulated customer resources and
marketing channels in international aerospace market, Land Space
will cooperate with Luokung on developing the domestic and foreign
launch service markets, remote sensing data application market, and
target users in different market segments. Luokung can integrate
its world's first spatial-temporal cloud index technology and the
world's leading spatial-temporal big data processing and algorithm
technology with the business of Land Space, which will provide
stable, efficient and customized spatial-temporal cloud computing
support for clients in the spatial temporal big data processing,
analyzing, transmission and release services in internet and mobile
internet.
To build a global coverage measurement and control system for
rockets, satellites and earth stations, Luokung will provide its
world leading spatial-temporal cloud indexing technology,
spatial-temporal big-data processing, algorithm and AI technology
for real-time tracking analysis and display of position trajectory
and attitude of rockets and satellites, to meet the needs of the
global coverage of satellite services and mobile service
universality as well as the requirements of overall network
reliability and security, and to build a global information network
with seamless coverage of space and earth.
About Land Space Technology Corporation Ltd.
Land Space Technology Corporation Ltd., a private innovative
commercial space enterprise founded in 2015 in China, which engages in rocket developments.
It is a member of international astronautical federation (IAF) and
a national high-tech enterprise. Its major clients including
domestic and foreign commercial satellite manufacturers, operators,
scientific research institutions and universities. It has developed
a new type of liquid rocket power system with its independent
intellectual property rights, the "Zhuque" series carrier rocket
and rocket power system with combination of liquid oxygen and
methane. It also provides one-stop customized launch service
solutions for the rocket industry. On May
17, 2019, the 20-second test run of its self-developed
engine named "Tianque" (tq-12) was a great success. Tianque is the
first 80-ton liquid oxygen methane engine in China. It is also the third large thrust
liquid oxygen methane rocket engine in the world which has
completed the whole-system test assessment after the raptor engine
of the SpaceX of the United States
and the be-4 engine of the Blue Origin.
About Luokung Technology Corp.
Luokung Technology Corp. is one of the global leading
spatial-temporal big-data processing technology companies 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 and API embedded services to LBS mobile internet
developers based on its full-vector and non-slicing mobile internet
map. The Company provides completed DaaS, SaaS and PaaS 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, Internet Application 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.
The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-5327-4727
Email: ir@luokung.com
INVESTOR RELATIONS
PureRock Communications Limited
Email: luokung@pure-rock.com
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SOURCE Luokung Technology Corp.