XIAMEN, China, March 23, 2021 /PRNewswire/ -- Blue Hat
Interactive Entertainment Technology ("Blue Hat" or the "Company")
(NASDAQ: BHAT), a leading producer, developer and operator of
augmented reality ("AR") interactive entertainment games, toys and
educational materials in China,
today announced the signing of a three-year framework
agreement with Kingsoft Cloud Holdings Limited ("Kingsoft Cloud")
(NASDAQ: KC), a leading cloud service provider in China, effective August
14, 2020. Over the course of the last few months, Blue Hat
has been providing mainframe hosting, system maintenance,
troubleshooting and other services to Kingsoft Cloud's platform in
an initial assessment period.
This agreement strengthens Blue Hat's growing Internet Data
Center ("IDC") business following the Company's acquisition of
Xunpusen Technology Co., Ltd. ("Xunpusen") in late 2020. IDC is an
infrastructure that allows hosting enterprises, merchants, or web
servers to conduct e-commerce securely and supports those
businesses and their business alliances in implementing value chain
management for their distributors, suppliers and customers. In
partnering with one of the top cloud service providers in
China, Blue Hat continues to
leverage Xunpusen's mobile marketing and hosting expertise while
growing its legacy mobile and gaming business as it secures new
channels to expand the Company's customer base.
Like other IDC agreements Blue Hat has previously announced,
this agreement with Kingsoft Cloud enables larger companies to
promote and sell products utilizing Xunpusen's message marketing
and integrated solutions. Both Blue Hat and Kingsoft Cloud will
continue to seek business opportunities with larger multi-national
corporate clients.
Xiaodong Chen, CEO of Blue Hat,
stated, "We are pleased to be recognized as a valued partner by
Kingsoft Cloud, one of the top cloud service providers in
China, and look forward to working
with them in offering our marketing and integrated solutions to
larger business clients. We believe this three-year agreement with
Kingsoft Cloud is just the beginning of a productive partnership,
and we will continue to expand our IDC business with a focus on
leveraging Xunpusen's expertise in mobile marketing and hosting.
Through this cooperation, we will be able to increase our brand
awareness and customer base for our mobile and gaming
business."
About Blue Hat
Blue Hat Interactive Entertainment Technology is a producer,
developer and operator of AR interactive entertainment games and
toys in China, including
interactive educational materials, mobile games, and toys with
mobile game features. The Company's interactive entertainment
platform creates unique user experiences by connecting physical
items to mobile devices, which creates a rich visual and
interactive environment for users through the integration of real
objects and virtual scenery. Distinguished by its own proprietary
technology, Blue Hat aims to create an engaging, interactive and
immersive community for its users. For more information, please
visit the Company's investor relations website
at http://ir.bluehatgroup.com. The Company routinely provides
important information on its website.
About Kingsoft Cloud Holdings Limited
Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading
independent cloud service provider in China. Kingsoft Cloud has built a
comprehensive and reliable cloud platform consisting of extensive
cloud infrastructure, cutting-edge cloud products and
well-architected industry-specific solutions across public cloud,
enterprise cloud and AIoT cloud services. For more information,
please visit: http://ir.ksyun.com.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the Company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the Company's SEC filings. These risks
and uncertainties could cause the Company's actual results to
differ materially from those indicated in the forward-looking
statements.
Contacts:
Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net
Investor Relations:
The
Equity Group Inc.
Adam Prior, Senior
Vice President
(212) 836-9606
aprior@equityny.com
In China
Lucy Ma, Associate
+86 10 5661 7012
lma@equityny.com
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SOURCE Blue Hat Interactive Entertainment Technology