LAS VEGAS, June 12, 2019 /PRNewswire/ -- Remark Holdings,
Inc. (NASDAQ: MARK), a diversified global technology company with
leading artificial intelligence (AI) solutions and digital media
properties, today announced the installation of KanKan-AI-powered
solutions which are now operational in more than 2,000 taxis in the
Chinese city of Xi'an. The
completed installation is expected to result in approximately
$1.0 million of revenue when fully
recognized. KanKan's taxi-safety-monitoring system, includes
intelligent and digital upgrading of taxi-monitoring management
systems that further improve the safety of taxi operations.
As a result of a new methanol-driven upgrading plan, today's
taxi fleets in China are becoming
more environmentally-friendly, and now the industry-leading
terminal equipment powered by KanKan-AI solutions is being
installed to begin to help fleet operations become safer.
The taxis are outfitted with an intuitive user experience
featuring eight-inch display screens that provide navigation
information, allow for internet order receiving and allow for
QR-code-based payments, among other functionalities. The system
requires qualified taxi drivers to login via facial recognition,
thereby preventing unauthorized or illegal use of the taxi by
unqualified persons. Once logged in, the driver can monitor video
from the four-channel, high-definition cameras observing the front,
back and trunk of the vehicle. Also, using video analysis
technology, the system continually scans for driver violations such
as smoking, operating a mobile device, or distracted driving. The
monitoring terminal can transmit real-time video from inside of a
vehicle directly to traffic and public security departments via 4G
networks, resulting in improved safety, providing necessary
information to law enforcement and evidence collection agencies and
allowing management departments to more effectively handle disputes
between drivers and passengers.
"The introduction of our AI solutions into taxi fleets is an
exciting new application that successfully solves the problem of
providing for driver, passenger, and vehicle exterior safety," said
Kai-Shing Tao, Chairman and Chief
Executive Officer of Remark Holdings. "The positive feedback and
adoption from our taxi operators in Xi'an leads us to new growth opportunities in
Guiyang and Chongqing, with an addressable market of
25,000 vehicles and an additional revenue opportunity of more than
$10 million."
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 digital media properties that deliver relevant, dynamic
content and ecommerce solutions. 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
at www.remarkholdings.com.
Company Contact:
Alison
Davidson
Remark Holdings, Inc.
adavidson@remarkholdings.com
702-701-9514
Investor Relations Contact:
Brad Edwards
The Plunkett Group, Inc.
Brad@ThePlunkettGroup.com
914-582-4187
View original content to download
multimedia:http://www.prnewswire.com/news-releases/kankan-ai-monitoring-solution-ensures-safety-of-taxi-operations-in-xian-china-300866323.html
SOURCE Remark Holdings, Inc.