BEIJING, July 6, 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 established in-depth cooperative partnership with Changjiang
Yuntong Group Co., Ltd. ("Changjiang Yuntong"), carrying out
comprehensive and in-depth cooperation based on the strength of the
respective superior resources, including but not limited to
multi-level cooperation in technologies, products, and marketing in
the fields of digital city construction, smart city data
operations, transportation and other public industry smart service
solutions, etc. The Company expects to obtain a series of
smart city projects in Wuhan City
and Hubei Province through the
cooperative partnership with Changjiang Yuntong.
About Changjiang Yuntong Group Co., Ltd.
Changjiang Yuntong is the exclusive digital smart city
investment construction and operation management platform directly
managed by the State-owned Assets Supervision and Administration
Commission of the Wuhan Municipal People's Government. At present,
it owns 8 companies including Wuhan Big Data Industry Development
Co., Ltd. and Wuhan Bus Zhitong Technology Co., Ltd. Involved in
the fields of government affairs, transportation, medical
treatment, education, etc., its business is widely deployed in
areas such as big data, cloud computing, and network security.
Recently, it co-funded with Alibaba Venture Capital Management Co.,
Ltd. and established Changjiang Yuntong Smart City Technology Co.,
Ltd.
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. It provides integrated DaaS, SaaS, and
PaaS services for Internet and Internet of Things of
Spatial-Temporal big data based on its patented technology. Based
on geographic information systems and intelligent Spatial-Temporal
big data, it establishes city-level and industry-level digital twin
holographic data models to actively serve smart cities, intelligent
transportation, smart industry,
LBS. 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.
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.