BEIJING, March 22, 2022 /PRNewswire/ -- WiMi Hologram
Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading
global holographic AR application technology provider, today
announced that WIMI's brand WiMi Hologram Softlight has
successfully obtained the Trademark registration certificate issued
by United States Patentand Trademark Office. This trademark will
help the company to further improve the intellectual property
protection system, maintain the leading position in technology, and
enhance the company's core competitiveness.
Mr. Shuo Shi, CEO of WIMI,
commented, " We think the acquisition of the trademark
registration certificate, on the one hand, helps the company to
strengthen trademark protection overseas, which is
conducive to strengthening the protection of the company's
registered trademarks overseas, it can prevent the occurrence
of infringement events, and safeguard the company's intellectual
property rights and interests; On the other hand, it helps to
improve the company's brand awareness in the international market
and has positive significance for the development of the
international market. WIMI is currently the world's leading
holographic platform that has established a complete
holographic technology research and development system, holographic
content production and reserve system, and holographic
commercialization system. The demand for AR and VR products will
continue to grow with the popularity of Metaverse and technological
breakthroughs. WIMI's holographic XR head-display products "WIMI
Hologram SoftLight" and "WIMI HoloPluse LiDAR" have been licensed
and approved by the FEDERAL Communications Administration to enter
the U.S. market. In the first half of 2021, WIMI's global operating
revenue increased by about 202.2% year on year, WIMI's gross profit
increased by 189.8% year on year, WIMI's net profit increased by
40.3% year on year, and WIMI's R&D expenses increased by 463.6%
year on year. WIMI is investing heavily in research and development
to maintain its competitive edge in the Metaverse and holographic
AR industries. With the widespread adoption of Metaverse, the
holographic cloud and VR industry where WIMI is will see
explosive growth. We will continue to create long-term value for
the company's shareholders by taking advantage of the growth
opportunities in the Metaverse market and continuing to improve our
Metaverse product matrix and expand our Metaverse market
share."
About WIMI Hologram Cloud
WIMI Hologram Cloud, Inc.(NASDAQ: WIMI) was founded in 2015,
which is a holographic cloud comprehensive technical solution
provider that focuses on professional areas including holographic
AR automotive HUD software, 3D holographic pulse LiDAR,
head-mounted light field holographic equipment,holographic
semiconductor, holographic cloud software, holographic car
navigation, Metaverse holographic AR and VR equipment, Metaverse
holographic cloud software and others. Its services and holographic
AR technologies include holographic AR automotive application, 3D
holographic pulse LiDAR technology, holographic vision
semiconductor technology, holographic software development,
holographic AR advertising technology, holographic AR entertainment
technology, holographic ARSDK payment, interactive holographic
virtual communication, Metaverse holographic AR technology,
Metaverse virtual cloud service,and other holographic AR
technologies.
Safe Harbor Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
Statements that are not historical facts, including statements
about the Company's beliefs and expectations, are forward-looking
statements. Among other things, the business outlook and quotations
from management in this press release, as well as the Company's
strategic and operational plans, contain forward−looking
statements. The Company may also make written or oral
forward−looking statements in its periodic reports to the U.S.
Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K,
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Forward-looking statements
involve inherent risks and uncertainties. A number of factors could
cause actual results to differ materially from those contained in
any forward−looking statement, including but not limited to the
following: the Company's goals and strategies; the Company's future
business development, financial condition and results of
operations; the expected growth of the AR holographic industry; and
the Company's expectations regarding demand for and market
acceptance of its products and services. Further information
regarding these and other risks is included in the Company's annual
report on Form 20-F and current report on Form 6-K and other
documents filed with the SEC. All information provided in this
press release is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
laws.
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SOURCE WiMi Hologram Cloud Inc.