BEIJING, June 28, 2021 /PRNewswire/ -- Luokung
Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a
leading Spatial-Temporal intelligent big data services company and
provider of interactive location-based services and High Definition
maps ("HD Maps") in China, today
announced the signing of a designated service contract for
autonomous-driving data collection and data management in
China with one of the world's top
auto manufacturers.
Luokung's wholly-owned subsidiary eMapgo Technologies
(Beijing) Co., Ltd. ("EMG") has
begun implementing these services and hopes to have a long-term
role as this customer's autonomous-driving data service
provider.
EMG has also been engaged by a separate international auto parts
supplier headquartered in Europe
to be its designated service provider for autonomous-driving
simulation testing and data management platform projects. EMG will
be responsible for carrying out a portion of the autonomous-driving
simulation testing, data collection and management and certain
related services. In addition to the project service implementation
contracts, Luokung is also working closely with this customer on
future initiatives.
Mr. Xuesong Song, Chairman and
CEO, stated, "We have placed a premium on cultivating new service
relationships with multiple automobile manufacturers globally as
the entire industry continues to drive new autonomous-vehicle
capabilities. We feel that these recent service contract signings
are reflective of our standing within this market, and we are very
pleased to be partnering with another reputable and influential
company within the auto industry. We believe these partnerships
validate the strength of Luokung's technology advantages and
confirm our position as a preferred provider for data services in
China in fields such as autonomous
driving."
About Luokung Technology Corp.
Luokung Technology Corp. is a leading Spatial-Temporal
intelligent big data services company, as well as a leading
provider of location-based services (LBS) and HD Maps for various
industries in China. Backed by its
proprietary technologies and expertise in HD Maps and related
intelligent Spatial-Temporal big data, Luokung established
city-level and industry-level holographic Spatial-Temporal digital
twin systems and actively serves industries including autonomous
driving, vehicle-road collaboration (V2X), smart transportation,
smart travel, local business LBS, new infrastructure, smart cities,
and smart industries (emergency, natural resources, environmental
protection, water conservancy, energy, smart training, among
others).
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains certain forward-looking statements.
Forward-looking statements include, but are not limited to,
statements regarding our or our management's expectations, hopes,
beliefs, intentions or strategies regarding the future and other
statements that are other than statements of historical fact. In
addition, any statements that refer to projections, forecasts or
other characterizations of future events or circumstances,
including any underlying assumptions, are forward-looking
statements. The words "anticipate", "believe", "continue", "could",
"estimate", "expect", "intend", "may", "might", "plan", "probable",
"potential", "should", "would" and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking.
The forward-looking statements in this press release are based
upon various assumptions, many of which are based, in turn, upon
further assumptions, including without limitation, management's
examination and analysis of the existing law, rules and regulations
and other data available from third parties. Although we believe
that these assumptions were reasonable when made, because these
assumptions are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are
beyond our control, we cannot assure you the statement herein will
be accurate. As a result, you are cautioned not to rely on any
forward-looking statements.
CONTACT:
The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-5327-4727
Email: ir@luokung.com
Investor Relations:
Adam Prior
Senior Vice President
The Equity Group Inc.
Tel: 212-836-9606
Email: aprior@equityny.com
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SOURCE Luokung Technology Corp.