BEIJING, April 28,
2022 /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 ("LBS") and high-definition
maps ("HD Maps") in China,
recently announced the launch of its remote sensing holographic
spatial-temporal portfolio of products and services (the "Luokung
Remote Sensing Offerings") offered by its affiliate, Luokung Remote
Sensing Co., Ltd., for natural resource monitoring and carbon sink
accounting at the recently held Second Spatial Information Smart
Application for High Quality Development in the New Era Summit (the
"Summit"), hosted by the China Association of Remote Sensing
Application.
Based on the multi-source heterogeneous spatial-temporal digital
base, the Company has developed the Luokung Remote Sensing
Offerings for natural resource monitoring and carbon sink
accounting, which integrates spatial-temporal big data AI services
such as satellite remote sensing, lidar, and Global Navigation
Satellite System ("GNSS"). The Luokung Remote Sensing Offerings is
supported by Luokung's advanced real-time remote sensing data
processing technologies and remote sensing data interpretation AI
algorithms, with a key focus of the integration of lidar data. The
portfolio of offerings includes applications such as real 3D
natural resource spatial-temporal holograms, dynamic monitoring of
natural ecological carbon sinks, forestry carbon sink remote
sensing intelligent accounting and measurement, farmland protection
remote sensing AI monitoring, crop growth and disaster monitoring,
and more. We believe these new offerings provide a low-cost and
high-accuracy system for monitoring ecological changes in
terrestrial natural resources, carbon sinks, and carbon emissions,
enabling organizations to make greater advances toward their
sustainability goals.
Select products in the Luokung Remote Sensing Offerings have
been successfully applied as pilot projects in Huangshan and
Jixi, Anhui Province, in Jixian, Heilongjiang Province and in other
county-level regions. The Company signed official business service
contracts to provide long-term services in these regions at the
Summit. Luokung's Remote Sensing Offerings will be classified into
county-, prefecture- and provincial-level specifications based on
government jurisdictions. At present, the products have covered
carbon sequestration, forestry, agriculture and other fields, and
the Company expects to expand its capabilities to include carbon
emissions, environmental protection, water conservancy, disaster
emergency management and other industries in 2022.
Mr. Xuesong Song, Luokung's
Chairman and CEO, stated, "We are excited to announce the launch of
the Luokung Remote Sensing Offerings, which we anticipate will help
drive increased revenue growth in our software and services
business from the carbon neutrality and natural resource management
sectors. With more than 2,500 county-level administrations and more
than 300 prefecture-level cities in China, Luokung is optimistic about this
fast-growing, untapped market and our ability to serve a variety of
related fields by providing superior natural resource management,
carbon collection, and carbon emission measurement products and
services, while establishing a domain-level spatial-temporal
digital base for customers that supports a trading system for
carbon neutrality, carbon peaking, and carbon emission."
Mr. Song continued, "Luokung is committed to taking a leadership
role in helping organizations achieve their sustainability and
carbon neutrality goals. At the Summit, we also announced the joint
establishment of the 'Terrestrial Ecosystem Carbon Neutrality Joint
Laboratory' with the Institute of Forestry Ecological Environment
and Protection, an institute managed by the Chinese Academy of
Forestry Sciences, to support research, technology development and
promotion of scientific and technological achievements related to
the review and implementation of carbon sinks in mountains, rivers
and forests. We expect to build on the momentum to integrate
scientific research algorithm models with Luokung's digital base
and AI interpretation capabilities."
About Luokung Technology Corp.
Luokung Technology Corp. is a leading spatial-temporal
intelligent big data services company, as well as a leading
provider of LBS and HD Maps for various industries in China. Backed by its proprietary technologies
and expertise in HD Maps and multi-sourced intelligent
spatial-temporal big data, Luokung established city-level and
industry-level holographic spatial-temporal digital twin systems
and actively serves industries including smart transportation
(autonomous driving, smart highway and vehicle-road collaboration),
natural resource asset management (carbon neutral and environmental
protection remote sensing data service), and LBS smart industry
applications (mobile Internet LBS, smart travel, smart logistics,
new infrastructure, smart cities, emergency rescue, among others).
The Company routinely provides important updates on its website:
https://www.luokung.com.
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: +86-10-6506-5217
Email: ir@luokung.com
Investor Relations:
Ms. Carolyne Sohn
Vice President
The Equity Group Inc.
Tel: 415-568-2255
Email: csohn@equityny.com
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SOURCE Luokung Technology Corp.