LAS VEGAS, Nov. 15, 2021 /PRNewswire/ -- Remark
Holdings, Inc. (NASDAQ: MARK), a diversified global technology
company with leading artificial intelligence ("AI") solutions and
digital media properties, today announced that it is collaborating
with Brightline, the only provider of modern, eco-friendly
intercity rail in the United
States, to implement Remark's Smart Safety Platform ("SSP")
for unauthorized intrusion detection while working with Brightline
to incorporate AI in additional technologies for other
applications.
"Brightline maintains a strong focus on community, guest safety
and service reliability, and their search for a safe and reliable
method of monitoring its properties and rail corridors to reduce
risk brought the company to us," said Kai-Shing Tao, Chairman and Chief Executive
Officer of Remark Holdings. "Remark's SSP is a natural fit for the
job Brightline wants done properly. The SSP's AI-powered intrusion
detection tools operate 24 hours every day and are able to detect
and accurately cover a wider range than humans can without
assistance."
In 2018, Brightline launched in South
Florida connecting Miami,
Fort Lauderdale and West Palm Beach, showcasing high speed rail's
potential in the United States.
Expansion to Orlando is already
underway and expected to be substantially completed by the end of
2022. The company is working on its first expansion plans outside
of Florida with a series of
intercity projects that will connect Las
Vegas and Los Angeles with
emission free, high-speed rail.
"With the frequency of our service on a shared corridor in
South Florida, we at Brightline
are intently focused on safety. We are investing in safety
enhancements involving engineering, enforcement, education and
technology and are excited to work with Remark to pilot a new
intrusion detection application," said Robert Gatchell, chief safety and security
officer for Brightline. "Trespassing on railroad tracks is an
industry-wide concern and Brightline continues to pilot new
technologies to monitor our corridor."
Remark's sophisticated AI powered cameras and Smart Safety
Platform provides detailed computer vision coverage to detect
intrusions and track anomalies, while providing real-time,
actionable predictive analysis from data collected while monitoring
long stretches of track and railyard areas for unusual
behavior.
About Brightline
Brightline is the only provider of modern, eco-friendly,
high-speed rail service in America. The company currently operates
between Miami, Fort Lauderdale and West Palm Beach in Florida and is scheduled to complete
construction to the Orlando
International Airport by the end of 2022. Brightline was recognized
by Fast Company as one of the Most Innovative Companies in travel,
offering a guest-first experience designed to reinvent train travel
and take cars off the road. Brightline plans to bring its
award-winning service to additional city pairs and congested
corridors across the country that are too close to fly and too long
to drive, with immediate plans to connect Las Vegas to Southern California. For more information,
visit www.gobrightline.com and follow us on Facebook,
Instagram, and Twitter.
About Remark Holdings, Inc.
Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated
suite of AI solutions that enable businesses and organizations to
solve problems, reduce risk and deliver positive outcomes. The
company's easy-to-install AI products are being rolled out in a
wide range of applications within the retail, public safety and
workplace arenas. The company also owns and operates an e-commerce
digital media property focused on a luxury beach lifestyle. The
company is headquartered in Las Vegas,
Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please
visit the company's website at
http://www.remarkholdings.com/.
Forward-Looking Statements
This press release may contain forward-looking statements,
including information relating to future events, future financial
performance, strategies, expectations, competitive environment and
regulation. Words such as "may," "should," "could," "would,"
"predicts," "potential," "continue," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," and similar
expressions, as well as statements in future tense, identify
forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, including those
discussed in Part I, Item 1A. Risk Factors in Remark Holdings'
Annual Report on Form 10-K and Remark Holdings' other filings with
the SEC. Any forward-looking statements reflect Remark Holdings'
current views with respect to future events, are based on
assumptions and are subject to risks and uncertainties. Given such
uncertainties, you should not place undue reliance on any
forward-looking statements, which represent Remark Holdings'
estimates and assumptions only as of the date hereof. Except as
required by law, Remark Holdings undertakes no obligation to update
or revise publicly any forward-looking statements after the date
hereof, whether as a result of new information, future events or
otherwise.
Media Contact for Brightline
Vanessa Alfonso, Director of
Media Relations at Brightline
vanessa.alfonso@gobrightline.com
305-340-9035
Remark Company Contacts
E. Brian Harvey
Senior Vice President of Capital Markets and Investor Relations
Remark Holdings, Inc.
ebharvey@remarkholdings.com
702.701.9514
Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626.623.2000
(+86) 13702108000
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SOURCE Remark Holdings, Inc.