LAS
VEGAS, May 17, 2023 /PRNewswire/ -- Remark
Holdings, Inc. (Nasdaq: MARK), a leading provider of artificial
intelligence ("AI") - powered video analytics solutions, today
announced a strategic sales and development partnership with
WaitTime, a core partner of Cisco and Intel, targeting
crowd-behavior analytics.
WaitTime's AI software provides real-time data and historical
analytics on crowd behavior, giving operations personnel live
information on crowd movement and density while providing guests
the information they need to navigate a venue and the information
on important data such as queue times at concession stands and
bathroom wait times, as well as entry and exit times to provide for
the best guest experience possible with end users accessing this
information directly from the venue's general customer APP.
"We are excited to combine forces with WaitTime to augment their
award-winning crowd intelligence analytics with Remark's Smart
Safety Platform," commented Kai-Shing
Tao, CEO of Remark. "WaitTime's successful sales and
distribution partnerships with Intel and Cisco open up a robust
sales channel for both companies to market and sell to, providing
value for our mutual customers while expanding upon recent wins
with sporting venues such as the Miami Heat Arena, Denver Broncos
Stadium and retail shopping centers such as the Mall of
Americas."
Zach Klima, Founder and CEO of
WaitTime, comments, "We are delighted to combine our
industry-leading crowd intelligence analytics with the additional
power of Remark's Smart Safety Platform. Remark's deep
relationships with the local Las
Vegas gaming, law enforcement, and education markets and its
international customer base in Asia, Latin
America, and the United
Kingdom, makes for an ideal partnership."
Remark's advanced AI-powered Smart Safety Platform expands upon
the metadata gathered by WaitTime to include additional valuable
analytics such as gender and age identification, object detection,
and consumer bag counts, allowing the venue operator to better
analyze behavioral patterns and matching it with customer
purchasing data thereby creating a more detailed customer profile
to market to. In addition, Remark's Smart Safety Platform includes
important security features such as loitering, intrusion, and
banned customer detection while providing real-time alerts for
possible security threats, allowing the analysis of both live and
archived video footage at scale and speed. Meaningful intelligence
from extracted video data can be searchable, actionable, and
quantifiable, resulting in an immediate return on investment for
clients wanting to increase their operational efficiency and
safety.
About Remark Holdings, Inc.
Remark Holdings, Inc. (Nasdaq: MARK) , the industry leader in AI
powered analytics computer vision solutions, delivers an integrated
suite of AI-solutions that help organizations understand their
customer demographics and behavior, while monitoring,
understanding and acting on potential security threats in real
time. Remark consists of an international team of sector
experienced professionals that have created award winning video
analytics. The company's GDPR-compliant and CCPA-compliant
solutions focus on sectors including government agencies,
hospitality, public safety, retail and transportation. The
company's headquarters are in Las Vegas,
Nevada, USA, with operational offices in New York and international offices in
London, England. For more
information, please visit our product portfolio at
www.remarkvision.com and home page at
www.remarkholdings.com
About WaitTime
WaitTime, the industry leader in crowd intelligence, provides
real-time data and historical analytics on crowd behavior. The
company's patented artificial intelligence gives operations
personnel real-time information on crowd movement and density while
providing guests the information they need to navigate efficiently,
thereby improving the customer experience.
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
regulations. 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 the 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.
Company Contacts
Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626-623-2000
(+65) 8715-8007
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SOURCE Remark Holdings, Inc.