BEIJING, May 2, 2019 /PRNewswire/ -- Luokung Technology
Corp. (LKCO) ("Luokung" or the "Company"), one of global
leading spatial-temporal big-data processing technology company, a
leading interactive location-based services company in China, today announced its high-quality movie entertainment service
independent brand -- Facee Cinema
-- has recently achieved to
provide movie entertainment service for both on-train and off-train
scenes, which enables users to continue to watch movies through the
Facee Cinema embedded in the
"High-Speed Train on Hands"
APP after users get off the high-speed train. The Facee Cinema
has now become one of the most
popular services for passengers using entertainment content services.
The Company previously announced it has entered a cooperation agreement (the
"Agreement") with China Railway Gecent Technology Co., Ltd.
("Gecent") to provide movie content SDK, movie copyrights and
operating services for the
"High-Speed Train on Hands"
APP. The Facee Cinema is a high-quality video entertainment service
independent brand developed by the Company and Gecent based on the
Agreement and was launched on the "High-Speed Train on Hands" APP in January 2019.
Luokung expects that the
Facee Cinema will implement functions including members' access,
pay-view movies and so on in June
2019. The Company will
provide up to 1,000 domestic and foreign movies for passengers.
Meanwhile, the Company expects to launch the Facee Cinema's
independent mobile phone APP in August
2019. The Company anticipates the Facee Cinema to become a
premium network content broadcast
channel and a content
distribution platform operator for
high-speed trains, airports and other high-quality channels.
About China Railway Gecent Technology Co., Ltd.
Gecent is the first mixed ownership reform of state-owned
enterprises of China Railway Investment Co., Ltd (CRIC), Geely
Holding Group (Geely) and Tencent
Holdings Ltd (Tencent) (stock ticker:
00700) which are holding 51%, 39%, 10% of
shares in Gecent, respectively. Gecent is in charge of the
construction and operation of Wi-Fi platform on every High-speed
train in China. Through its mobile APP called "High-speed Train on
Hands", it provides travel services that are integrated
in stations and vehicles, enabling
passengers' online-offline collaboration. It is the
major service provider for Chinese railway travelling. The WiFi
business will be deployed in
all high-speed trains in
China and will cover about 3
billion passenger trips by year
2020.
About Luokung Technology Corp.
Luokung Technology Corp. is a
global leading spatial-temporal big-data processing technology
company and a leading interactive location-based services company
in China. The core brands of the
Company are "Luokuang" and "SuperEngine". "Luokuang" is a mobile
application that provides B2C services and
"SuperEngine" provides B2B and B2G services in connection with
spatial-temporal big-data. The Company's mobile application LuoKuang, provides
location-based interactive services
for users based on the world's first non-slicing, full-vector and
full-function mobile internet map.
It also provides SDK embedded services to third-party mobile
application providers based on its
full-vector and non-slicing mobile internet map. The Company
provides SaaS services in relation to spatial-temporal big-data internet and internet of things
relying on its proprietary patented spatial-temporal cloud indexing
technology, in fields including but not limited to HD Map, 3D Map,
Satellite Remote Sensing Data and Real-time trajectory. More
information may be found at: 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.
For investor and media inquiries, please 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.