LAS VEGAS, June 8, 2021 /PRNewswire/ -- Remark
Holdings, Inc. (NASDAQ: MARK), a diversified global technology
company with leading artificial intelligence ("AI") solutions and
digital media properties, today announced that its KanKan AI
business has installed its Smart Campus system in more than 200
elementary and secondary schools in China. The system allows for seamless
attendance management, epidemic prevention and control, energy
management, campus access control, and notification of risky
behaviors.
Our system freed teachers and staff from repetitive tasks and
allowed them to focus on what they do best: teaching
During the ongoing battle with COVID-19 and its variants, the
Smart Campus system, with its epidemic prevention and control
functionality, has been designed to assist school staff
by:
- Recording body temperature before students enter the campus,
thereby allowing staff to begin monitoring health status before
students enter classrooms and other buildings.
- Controlling access to campus using a pre-generated QR code as
well as KanKan's computer vision technology to identify whether
persons trying to enter campus are authorized and are
healthy.
- Reducing manual tasks by automating student attendance
management and health screening of students and staff.
- Using a mobile app to allow for reservation of and touch-free
access into private study rooms, classrooms, laboratories, activity
rooms and other functional areas.
- Reducing electricity consumption and greenhouse gas
emissions.
"In addition to the practicality of the product, KanKan AI's
Smart Campus system is customizable to meet the needs of each
school regarding size of the campus, number of students, and
building and entrance locations, among other criteria," noted
Kai-Shing Tao, Chairman and Chief
Executive Officer of Remark Holdings. "Our product engineers
followed up throughout the installation process and the after-sales
team trained school staff regarding product use, while our
operations team conducted ongoing, maintenance-oriented monitoring
to ensure data accuracy and provide customers with an outstanding
experience."
The Smart Campus system and its customer-oriented services have
quickly taken root in the campus security market. Given the initial
success of Smart Campus, KanKan AI will continue its expansion into
other provinces. Official media such as the Zhejiang Daily and
Hangzhou Daily strongly affirmed the vital role that KanKan AI's
Smart Campus system played in the resumption of primary and
secondary schools in Xihu District, Hangzhou City, during the epidemic. As a
successful model for smart campuses, Hangzhou Arts and Science
Primary Schools have been publicly praised by the Education Bureau
of Xihu District and have become the learning center for school
principals from other provinces and cities.
"Our system freed teachers and staff from repetitive tasks and
allowed them to focus on what they do best: teaching and caring,"
noted Mr. Tao. "I am also pleased that our dedication to ESG
efforts has been rewarded. The energy management function of our
Smart Campus system has proven efficient at a few schools with
which we worked closely. Though the amount of energy savings might
seem minor now, we believe that no effort is too small when we talk
about saving Earth's resources. As more schools are seeing both the
social and economic benefits of our systems, we believe that our
continuous dedication to the environment will translate to
long-term results for our partners and shareholder value for our
investors."
According to United States'
Environmental Protection Agency ("EPA") calculations, the 4.48
kilowatt-hour of electricity saved per day per classroom by KANKAN
AI's Smart Campus System, each kilowatt hour of electricity saved
per day per classroom by the Smart Campus system is equivalent to
eight miles driven by an average vehicle, or a savings of
0.357 gallons of gasoline consumed, or other activities in diagram
below.
Source:
https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator
Utilizing data provided by five partnered schools in the city of
Hangzhou, KanKan calculated that
the application of its Smart Campus system in a total of 104
classrooms yields an annual reduction of 63.9 tons of CO₂ (a
greenhouse gas) emissions and 1.9 tons of SO₂ (a toxic
gas) emissions. At the current rate, 2,556 tons of
CO₂ emissions and 76 tons of SO₂ emissions could be
eliminated with KanKan AI's Smart Campus system within partnered
schools.
Additional information regarding KanKan AI and its other
innovative solutions can be found on its website
(https://www.kankanai.com.cn/en/).
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
(+65) 8715-8007
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SOURCE Remark Holdings, Inc.