BEIJING, May 22, 2023 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, who has invested in research related to virtual digital technology since its early days, today announced its continual exploration of cutting-edge technologies and that it has accumulated a large number of patented technologies and software systems related to Web 3.0.

Web 3.0 is the next-generation Internet that stimulates group intelligence, with applications including blockchain, artificial intelligence, the Internet of Things, and extended reality. These technologies will form the core technology stack for future enterprises and reconstruct new ways of linking, communicating, and collaborating in the digital world.

WiMi has accumulated over 500 intellectual property rights in the Internet of intelligence, personalization, interactivity, and virtualization in the Web 3.0 era. For example, the human-computer interaction method and system based on XR technology, the convenient 3D touch interaction system based on image processing technology, the holographic radar, the reflective holographic display system, the immersive VR device middleware software, the industrial Internet identification security control service platform, the AI-powered IoT chip with fuzzy PID algorithm, the microfluidic diffraction phase holographic imaging chip. These intellectual property rights contain patents, software systems, and chip designs. WiMi has long been involved in Web 3.0, the spatial web. This time, related applications, technologies, and patents will give WiMi a first-mover advantage.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains "forward-looking statements" within the 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," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company's strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company's annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

 

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SOURCE WiMi Hologram Cloud Inc.

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