BEIJING, Nov. 30, 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 that it won bid for
Heilongjiang Institute of Technology ("HIT") Smart Campus first phase procurement
project of USD 1.3 million, which is
expected to be completed by the end of this year. The second and
third phases will be implemented based on the infrastructure built
by the first phase. The amount for the second phase is
approximately USD 8 million. As the
exclusive service provider for the first phase, it is highly
probable that the Company will continue to implement the subsequent
phases.
The Company will build a comprehensive digital base for campus
smart management and smart educational administration management
that integrates software and hardware, all generated data is
managed by the "Luokung SuperEngine Spatiotemporal Data Engine".
The first phase of the smart campus is a system based on the
Internet of Things to integrate cloud desktop system, student
sign-in system, faculty and student safety prevention and control
system, emergency one-button alert system, environmental monitoring
system, high-precision public area pandemic prevention and
detection system, and other related smart systems. The construction
of subsequent second and third phases of the project will rely on
the digital base.
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.
View original
content:http://www.prnewswire.com/news-releases/luokung-won-bid-for-heilongjiang-institute-of-technology-smart-campus-project-expanding-the-iot-smart-campus-market-301181513.html
SOURCE Luokung Technology Corp.