BEIJING, July 9, 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 cooperation
agreement (the "Agreement") with China National Geospatial
Information Center ("CNGIC") (the
"Strategic Cooperation"), and two parties initiated to conduct
extensive cooperation in the field of geospatial information
services, by using geospatial information and technology to promote
economic and social development and service to improve governance
capabilities. Luokung is in the process of the closing of a 100%
acquisition of Saleya Holdings Limited, which is the Agreement
signatory and will be fully responsible for the implementation of
the Strategic Cooperation as a mapping services provider.
The Strategic Cooperation enhances the Company to extend the
application of map data services and accelerates the marketing of
the Company's holographic spatial-temporal big data digital twin
platform. The Company and CNGIC are joining their forces to jointly
promote the spatial-temporal data cloud platform service, by using
the "SuperEngine GIS" as the spatial-temporal data operating
system. The extensive cooperation will promote the wide application
of geospatial information data and technical services in spatial
planning, e-government, smart city, smart ecology and smart
agriculture, etc. The company
expects the Strategic Cooperation will enable its spatial-temporal
big data related products and services to be widely adopted in many
smart city and new infrastructure projects.
About National Geospatial Information Center
The National Geospatial Information Center is the institution
under the National Development and Reform Commission, undertaking
the construction and operation of the national natural resources
and geospatial basic information database, engaging in the
formulation of policies and standards for the integration and
sharing of geospatial information, providing geospatial information
products and related services to the state and relevant departments
and organizations, and guiding local governments to conduct the
construction and application of natural resources and geospatial
basic information databases. In recent years, it has actively been
unifying the resources of all sources, and has provided system and
service integration, data integration, data mining and analysis,
information product sharing and exchange, and business
collaboration applications for geo-spatial information resources
for macro decision-making, government application, general public
and scientific research.
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
View original
content:http://www.prnewswire.com/news-releases/national-geospatial-information-center-boosts-luokungs-all-aspects-of-development-in-application-for-geospatial-information-industrialization-301090753.html
SOURCE Luokung Technology Corp.