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
industry.
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:
https://www.luokung.com.
ABOUT EMAPGO
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
website: www.emapgo.com.cn.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains certain forward-looking statements.
Forward-looking statements include, but are not limited to,
statements regarding our or our management's expectations, hopes,
beliefs, intentions or strategies regarding the future and other
statements that are other than statements of historical fact. In
addition, any statements that refer to projections, forecasts or
other characterizations of future events or circumstances,
including any underlying assumptions, are forward-looking
statements. The words "anticipate", "believe", "continue", "could",
"estimate", "expect", "intend", "may", "might", "plan", "probable",
"potential", "should", "would" and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking.
The forward-looking statements in this press release are based
upon various assumptions, many of which are based, in turn, upon
further assumptions, including without limitation, management's
examination and analysis of the existing law, rules and regulations
and other data available from third parties. Although we believe
that these assumptions were reasonable when made, because these
assumptions are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are
beyond our control, we cannot assure you the statement herein will
be accurate. As a result, you are cautioned not to rely on any
forward-looking statements.
CONTACT:
The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-6506-5217
Email: ir@luokung.com
Investor Relations:
Ms. Carolyne Sohn
Vice President
The Equity Group Inc.
Tel: 415-568-2255
Email: csohn@equityny.com
Ms. Alice Zhang
Investor Relations Analyst
The Equity Group Inc.
Tel: 212-836-9610
Email: azhang@equityny.com
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SOURCE Luokung Technology Corp.