LONDON and LAS
VEGAS, June 2, 2023 /PRNewswire/ -- Remark
Holdings, Inc. (Nasdaq: MARK), a leading provider of artificial
intelligence ("AI")-powered video analytics solutions, announced it
has joined the NVIDIA Metropolis program to accelerate the
delivery of smart city projects. The program nurtures a rich
ecosystem and offers powerful developer tools to supercharge vision
AI applications that are designed to make the world's most
important spaces and operations safer and more efficient.
Smart city projects aim to improve sustainability,
transportation networks, and the safety of buildings, stadiums,
citizens, and public spaces. Until recently, local and city
authorities considered smart technologies to be the tools that
improved efficiency in the background. However, with edge AI-driven
video analytics providing data-driven intelligence, cities can go
beyond the experimental stage with the ability to deliver more
meaningful results, strengthening city planners' response to the
growing challenges in delivering connected services to
citizens.
Remark's Smart Safety Platform provides edge AI-driven video
analytics, ingesting video content at scale to deliver real-time
analytics for public safety and vehicle traffic congestion
reduction, including crowd density, traffic analytics, and anomaly
detection within public spaces.
NVIDIA Metropolis makes it easier and more cost-effective for
enterprises, governments, and integration partners to leverage
world-class AI-enabled solutions to improve critical operational
efficiency and safety problems. The NVIDIA Metropolis ecosystem
contains a large and growing breadth of members investing in the
most advanced AI techniques and most efficient deployment platforms
and using an enterprise-class approach to their solutions. In
addition, members can gain early access to NVIDIA platform updates
to further enhance their AI application development efforts.
Additionally, the program offers the opportunity for members to
collaborate with industry-leading experts and other AI-driven
organizations.
Dr. Robert Xiaoyun Yang of Remark
comments, "joining NVIDIA Metropolis enables us to harness NVIDIA's
latest GPU-accelerated computing for deep learning training and
inferencing. It's a collaboration that powers our Smart Safety
Platform to rapidly analyze video content and extract richer
metadata to expand our commercial reach and technical capabilities.
Working with NVIDIA places us in the 'best-of-breed' category to
solve complex business challenges with accuracy, speed, and scale
as our core strength."
Remark focuses on solving customers' greatest business
challenges with industry-leading accelerated AI computing solutions
for government sector organizations, transportation, stadiums, and
smart city projects.
Dr. Yang adds, "Over the last year, several city and local
authorities have approached us with a variety of challenges:
Automatic number-plate recognition ("ANPR"), access control,
traffic monitoring, electric car hook-up monitoring, virtual
boundary set up at temporary sites, and people counting within
public spaces. One example is the city of Edinburgh wanting to increase the safety of
those attending its Hogmanay festivities, using our crowd
intelligence solution, and to provide the data to better plan for
future New Year celebrations."
About Remark Holdings, Inc.
Remark Holdings, Inc. (Nasdaq: MARK), the industry leader in
AI-powered analytics computer vision solutions, delivers an
integrated suite of AI solutions that help organizations understand
their customer demographics and behavior, while monitoring,
understanding and acting on potential security threats in real
time. Remark consists of an international team of sector
experienced professionals that have created award winning video
analytics. The company's GDPR-compliant and CCPA-compliant
solutions focus on sectors including government agencies,
hospitality, public safety, retail and transportation. The
company's headquarters are in Las Vegas,
Nevada, USA, with operational offices in New York and international offices in
London, England. For more
information, please visit our product portfolio at
www.remarkvision.com and home page
at 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
regulations. 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 the 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
Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626-623-2000
(+65) 8715-8007
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SOURCE Remark Holdings, Inc.