LAS VEGAS, Dec. 9, 2020 /PRNewswire/ -- Remark
Holdings, Inc. (NASDAQ: MARK), a diversified global technology
company with leading artificial intelligence ("AI") solutions and
digital media properties, today announced that Remark's KanKan AI
business successfully released its edge computing systems, the
S and T Series Smart Boxes, AI-based edge computing boxes equipped
with NVIDIA's new generation of high-performance edge computing
modules, with a smaller size and lower power requirements.
Company's AI Software Integrates with NVIDIA®'s CUDA® Architecture
to Power Edge Computing
"When running KanKan's award-winning AI software cores with
NVIDIA CUDA's acceleration, our Smart Boxes enable on-the-scene AI
processing capabilities, thereby making low-cost, easy-deployment,
real-time AI solutions possible," stated Kai-Shing Tao, Chairman and Chief Executive
Officer of Remark Holdings. "Our Smart Boxes support our AI
inference cores, including facial recognition, vehicle
recognition, license plate detection, gesture detection and
inference, fire and smoke detection, PPE enforcement,
social-distancing enforcement, and contact tracing."
The KanKan Smart Box S Series, can process as many as eight
video streams simultaneously, thereby transforming ordinary cameras
into smart cameras in one touch. The Smart Box
tackles time-critical AI computing tasks in industries such
as:
Retail – Retailers can
improve the shopping cycle including customer insight analysis,
purchasing process, customer satisfaction, store security
enhancement and online-offline marketing strategies.
Schools & Campuses
– Schools can manage student attendance, epidemic prevention
and detection, intrusion detection, and reduction of power
usage.
Food Service – Food service
outlets can deploy the Smart Box to process multi-camera video; to
preset various AI algorithm models based on kitchen operation and
food preparation; to improve and enforce SOP in kitchens, and other
catering establishments.
Energy Markets – Energy producers
and distributors can monitor important measurements such as
voltage, power factor, harmonic distortion, as well as optimizing
substations performance by intelligently manipulating decision
variables.
Recently, KanKan AI noted that cost-efficient deployment greatly
accelerates the AI-driven upgrades for retail outlets such as China
Mobile, thereby allowing the company to pursue additional contracts
with an improved competitive edge. Moreover, the Smart Boxes
broaden the company's product mix and potential sources of
revenue.
Along with the Smart Box S series, KanKan also released the
Smart Box T series with more competitive pricing for smaller
businesses.
Additional information regarding KanKan AI and its other
innovative solutions can be found on its website
(https://www.kankanai.com.cn).
About Remark Holdings, Inc.
Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated
suite of AI solutions that enable businesses and organizations to
solve problems, reduce risk and deliver positive outcomes. The
company's easy-to-install AI products are being rolled out in a
wide range of applications within the retail, financial, public
safety and workplace arenas. The company also owns and operates an
e-commerce digital media property focused on a luxury beach
lifestyle. The company is headquartered in Las Vegas, Nevada, with additional operations
in Los Angeles, California and in
Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please
visit the company's website (www.remarkholdings.com).
Forward-Looking Statements
This press release may contain forward-looking statements,
including information relating to future events, future financial
performance, strategies, expectations, competitive environment and
regulation. Words such as "may," "should," "could," "would,"
"predicts," "potential," "continue," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," and similar
expressions, as well as statements in future tense, identify
forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, including those
discussed in Part I, Item 1A. Risk Factors in Remark Holdings'
Annual Report on Form 10-K and Remark Holdings' other filings with
the SEC. Any forward-looking statements reflect Remark Holdings'
current views with respect to future events, are based on
assumptions and are subject to risks and uncertainties. Given such
uncertainties, you should not place undue reliance on any
forward-looking statements, which represent Remark Holdings'
estimates and assumptions only as of the date hereof. Except as
required by law, Remark Holdings undertakes no obligation to update
or revise publicly any forward-looking statements after the date
hereof, whether as a result of new information, future events or
otherwise.
Company Contacts
E. Brian Harvey
Senior Vice President of Capital Markets and Investor Relations
Remark Holdings, Inc.
ebharvey@remarkholdings.com
702-701-9514
Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626-623-2000
(+86) 13702108000
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SOURCE Remark Holdings, Inc.