BEIJING, Aug. 18,
2022 /PRNewswire/ -- Luokung Technology Corp.
(NASDAQ: LKCO) ("Luokung" or the "Company"), a leading
spatial-temporal intelligent big data services company and provider
of interactive location-based services ("LBS") in China, today announced that its operating
affiliate eMapGo Technology (Beijing) Co., Ltd. ("EMG"), a leading provider
of navigation and electronic map services in China, has received the Microsoft FY22
Top App Innovation Partner Award.
EMG has served as a Microsoft independent software vendor
("ISV") partner since 2019, working with Microsoft in support of
promoting the commercialization process for autonomous driving and
digital transformation for Chinese clients in the automobile
Mr. Xuesong Song, Luokung's
Chairman and CEO, stated, "We are pleased to be recognized by our
partner Microsoft. Over the course of the past three years, we have
established and continued to strengthen our partnership with
Microsoft in areas in which EMG specializes."
Mr. Song added, "The mass production of smart cars and the
development of smart transportation have presented tremendous
opportunities to fuel large-scale commercialization of autonomous
driving services with potential for significant growth. We believe
that EMG's core competencies, in addition to Microsoft's abilities
in cutting-edge fields like cloud computing, artificial
intelligence and mix reality, will add strong momentum within the
industry to accelerate digital transformation development for
automobile customers in China. We
also expect to expand our collaboration and innovation with
Microsoft in areas like autonomous driving and smart transportation
based on new energy and intelligent network, among others, and
promote joint efforts in providing green, low-carbon, safe and
efficient smart driving and smart mobility solutions."
About Luokung Technology Corp.
Luokung Technology Corp. is a leading spatial-temporal
intelligent big data services company, as well as a leading
provider of LBS for various industries in China. Backed by its proprietary technologies
and expertise in multi-sourced intelligent spatial-temporal big
data, Luokung has established city-level and industry-level
holographic spatial-temporal digital twin systems and actively
serves industries including smart transportation (autonomous
driving, smart highway and vehicle-road collaboration), natural
resource asset management (carbon neutral and environmental
protection remote sensing data service), and LBS smart industry
applications (mobile Internet LBS, smart travel, smart logistics,
new infrastructure, smart cities, emergency rescue, among others).
The Company routinely provides important updates on its website:
eMapgo, a variable interest entity ("VIE") of Luokung, is a
leading provider of navigation and electronic map services in
China, as well as a leading
provider in Internet map services, geographic information system
engineering and other A-level mapping qualifications. EMG possesses
the National Class-A qualification certificates of navigable
Surveying and Mapping, and actively develops autonomous driving and
HD Map services. In March 2021,
Luokung closed on the acquisition of EMG through the purchase of
the equity interests of Saleya Holdings Limited, which, through a
series of contracts between its wholly-owned subsidiary DMG
Infotech Co., Ltd. and EMG, made EMG Luokung's VIE. For more
information, please visit EMG's
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Mr. Jay Yu
Chief Financial Officer
Ms. Carolyne Sohn
The Equity Group Inc.
Ms. Alice Zhang
Investor Relations Analyst
The Equity Group Inc.
SOURCE Luokung Technology Corp.