BEIJING, Dec. 1, 2020 /PRNewswire/ -- Luokung
Technology Corp. (NASDAQ: 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
that eMapgo Technologies (Beijing)
Co., Ltd. ("EMG") and Beijing Sinotrans Transportation Co., Ltd.
("Beijing Sinotrans"), a subsidiary of Sinotrans, which is
China's largest comprehensive
logistics company, engaged in a cooperation agreement that EMG will
build an urban distribution service platform for Beijing Sinotrans
to improve the management of its logistics operations and optimize
the efficiency of its enterprise operations with intelligent
geographic location services. Luokung has engaged in a share
purchase agreement to acquire 100% of EMG and announced that the
two parties are currently in the process of closing the
transaction.
EMG will undertake the development of Beijing Sinotrans Urban
Distribution Service Platform, provide intelligent logistics GIS
services and corresponding technical services for the platform's
customer applications and management components based on location
and map services, operation, and management.
This cooperation between EMG and Sinotrans is an auspicious
beginning of future collaborations. The two parties will jointly
build innovative applications in the logistics field and lay a
solid foundation for a smart logistics platform.
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. It provides integrated DaaS, SaaS, and
PaaS services for Internet and Internet of Things of
Spatial-Temporal big data based on its patented technology. Based
on geographic information systems and intelligent Spatial-Temporal
big data, it establishes city-level and industry-level digital twin
holographic data models to actively serve smart cities, intelligent
transportation, smart industry, LBS. 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.
CONTACT:
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.