BEIJING, Jan. 15, 2021 /PRNewswire/ -- Luokung
Technology Corp. (NASDAQ: LKCO) ("Luokung" or the
"Company"), a leading interactive location-based services
and big data processing technology company in China, today announced that the Department of
Defense of the United States, on
January 14, 2021 (US Time), released
names of additional 9 companies under Section 1237 of the National
Defense Authorization Act for Fiscal Year 1999, and the Company was
included in the list. The full release may be referenced at:
https://www.defense.gov/Newsroom/Releases/Release/Article/2472464/dod-releases-list-of-additional-companies-in-accordance-with-section-1237-of-fy/.
The Company, as a non-state-owned enterprise, has always adhered
to lawful and compliant operations and abided by the relevant laws
and regulations of the place of operation. Its services and
products are used for civilian or commercial purposes or for public
services. The Company confirms that it is not owned, controlled or
affiliated by the Chinese military, nor is it a Chinese military
company under the statutory definition of the National Defense
Authorization Act. The Company will take appropriate measures
to protect the interests of the company and shareholders.
The Company is fully assessing the possible impact of this
incident on the Company, responding accordingly, and actively
communicating with all parties.
The Company will strictly abide by the relevant rules and timely
perform its information disclosure obligations based on the
development of subsequent events. Investors are kindly requested to
pay attention to the company's announcements and beware of
investment risks.
About Luokung Technology Corp.
Luokung Technology Corp. is a leading interactive location-based
services and big data processing technology 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.