BEIJING, March 17, 2020 /PRNewswire/ -- Luokung
Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), one
of the global leading spatial-temporal big-data processing
technology companies, a leading interactive location-based services
company in China, today announced
it has entered into a strategic partnership with Jiangsu Dianyu
Information Technology Co., Ltd. ("Dianyu"), to leverage each
other's respective advantages, and to actively expand mobile
commercial big data services in the 5G era. The two parties have
signed and started implementation of a series of cooperation agreements on certain
projects and services.
Dianyu will rely on the SuperScylla data processing service
platform of Luokung to integrate vector maps, satellite remote
sensing images, IoT streaming data and other multi-format data
services in order to actively expand the applications and services
using dynamic trajectories in IoT and LBS. In the meantime, the
marketing capabilities of Dianyu and the excellent solution service
capabilities of its SaaS platform and programs like "Dianke", will
bring more projects and users to Luokung. In 2020, Luokung expects
to generate approximately USD 10
million revenue related to the PaaS, SaaS, and DaaS services
provided by Luokung's SuperScylla data service platform to Dianyu
and its customers.
As a strategic partner, Dianyu will be granted a seat in the
Strategic Committee of Luokung, and will provide strategic decision
support for Luokung.
About Luokung Technology Corp.
Luokung Technology Corp. is one of the global leading
spatial-temporal big-data processing technology companies and a
leading interactive location-based services company in China. The core business brands of the Company
are "Luokuang" and "Superengine". The Company mainly provides
spatial temporal big data PaaS, SaaS and DaaS intelligent services
based on its self-developed patented technology which can be
applied in Mobile Internet LBS, Internet Travelling, Intelligent
Transportation, Automatic Drive, Smart City, Intelligent IoT,
Natural Resources Exploration and Monitoring and so on. These
services are integrated intelligent computing and application
services for spatial temporal data which including but not limited
to Satellite and UAV Remote Sensing Image Data, HD Map, 2D and 3D
Internet Map, Real-time Trajectory, IoT Industrial Stream Data. For
more information please go to 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.
View original
content:http://www.prnewswire.com/news-releases/luokung-enters-into-strategic-partnership-with-dianyu-301025435.html
SOURCE Luokung Technology Corp.