NEW YORK, Sept. 14, 2021
/PRNewswire/ -- Color Star Technology Co., Ltd. (NASDAQ: CSCW)
(hereinafter referred to as "Color Star" or the "Company"), an
entertainment technology company focusing on the application of
technology in the entertainment industry, today announces the
launch of the first-edition artificial intelligence (AI) system on
its global celebrity interactive platform, Color Star APP.
The current AI created by Color Star will focus on developing
specific character images, where a particular image will be based
on each registered user's published works on the Color Star
platform, including his or her music, dance, film, and animation
works. This AI technology will also include capabilities and
functions that can be used in the upcoming Color Star "map", where
users can shop, travel, and conduct business negotiations in
virtual reality. The first-edition AI images launched will offer
more than 1,000 image choices, and the scale of choices is
still being expanded. In the future, more images will be
launched for users to choose from.
Always committed to the application of entertainment
technology, Color Star has continuously incorporated newer
scientific and technological concepts into the Color Star APP
software, combining entertainment with technology. With the launch
of AI, the "parallel universe" concept espoused by the Company will
gradually come to fruition. In the future, Color Star will further
realize the concept of parallel universe through the implementation
of augmented reality (AR) technology, which will allow a user to
watch an online performance as if it were live. Users will also be
able to interact and communicate with their favorite celebrities,
and undertake activities such as shopping and business
negotiations, all without leaving home. In addition, AI images in
the Color Star APP will be used to represent and identify
individual users on the internet. Through AI technology, one can
overcome the limitations of reality, such as time, location,
occupation, life circumstances, and so forth. Instead, each user
will be able to create his or her own virtual universe with social
interactions.
Mr. Basil Wilson, CEO of Color
Star, commented: "Color Star has been making great efforts to
develop products that can be combined with entertainment. For this
purpose, we have set up a research and development base in
Dubai. The Company's AI system has
completed its first phase of testing and application, with related
products to be launched in succession; the new AR vision
intelligence system currently under construction will also be
launched in sequence. In the future, users will be able to realize
a different self through Color Star regardless of their situation
in the real world. This was one of our original goals in striving
to create a parallel universe for our users."
Color Star APP is currently available for direct download in
both the Apple Store and Google Store. As Color Star's
applications are launched in batches, the Company
believes it will bring more pleasant surprises and experiences
to its global users.
About Color Star Technology
Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) is an
entertainment and education company that provides online
entertainment performances and online music education services. Its
business operations are conducted through its wholly-owned
subsidiaries Color China Entertainment Ltd. and CACM Group NY, Inc.
The Company's online education is provided through its Color World
music and entertainment education platform. More information about
the Company can be found at www.colorstarinternational.com.
Forward-Looking Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are
not guarantee of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of the educational and training services market
in China and other countries where
CSCW conducts its business; reputation and brand; the impact of
competition and pricing; government regulations; fluctuations in
general economic and business conditions and assumptions underlying
or related to any of the foregoing and other risks contained in
reports filed by the Company with the Securities and Exchange
Commission. For these reasons, among others, investors are
cautioned not to place undue reliance upon any forward-looking
statements in this press release. Additional factors are discussed
in the Company's filings with the U.S. Securities and Exchange
Commission, which are available for review
at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward–looking statements to
reflect events or circumstances that arise after the date hereof
unless required by applicable laws, regulations or rules.
For more information, please contact:
William Tu
Skyline Corporate Communications Group, LLC
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: wtu@skylineccg.com
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SOURCE Color Star Technology Co., Ltd.