BEIJING, March 28,
2022 /PRNewswire/ -- WiMi Hologram Cloud Inc.
(Nasdaq: WIMI) ("WiMi" or the "Company"), a leading global
holographic AR application technology provider, today announced
that its Virtual reality (VR) head-mounted display (HMD) product
for the consumer market, "WIMI HoloVR" has been approved by the
Federal Communications Commission to enter the U.S. market.
The new head display device "WiMi HoloVR" that has been licensed
by the US Federal Communications Commission, is the first VR device
that supports double-clicking See through in China. It adopts the leading color SEe-Through
dual-camera scheme, which has a 105 degrees visual Angle, and
supports SLAM spatial positioning and gesture recognition.
Perfectly adapted to hand 6DoF positioning technology, with
unlimited application expansion space; It uses a VR game
pad with broadband vibration technology, which can
imitate a variety of vibration experience, providing a 0-1000Hz
frequency point response with less than 10ms latency, and supports
the official SDK program. It is worth mentioning that, under the
background of people's concern about health, the product's handle
has added a heart rate monitoring function; The product adopts
Qualcomm Snapdragon XR2 processor, with the display resolution of
3840X2160 standard 4K level, 1058PPI,
ultra HD picture quality, ultra-high refresh rate of
90Hz, ultra-low delay, and smooth game experience. Diopter
adjustment scheme, focusing left and right eyes separately, myopia
users below 800 degrees do not need to wear glasses; Ultra-light
and ultra-thin Fresnel lens, optical module only 35g, super large
Angle of view 110 degrees, perfect immersion experience. Use
6000mAh large capacity lithium battery, can support more than 3
hours of game time. In addition, the battery life can be extended
to 9000mAh and the service time can be increased to more than 5
hours through the official launch of the fun headset. Beamforming
transmission technology, perfect restoration of high-quality audio
sources, to providing extremely optimized auditory experience.
Perfect support for wireless and wired streaming mode, support
Wi-Fi FI5 wireless streaming and 5G module, streaming Steam mass
content. The device is expected to be the main entry point for new
metaverse holographic VR technology in communication, social and
entertainment interactions.
Mr. Shuo Shi, CEO of WiMi ,
commented, "WIMI HoloVR an Virtual reality (VR) head-mounted
display (HMD) product, has been approved by the Federal
Communications Commission to enter the U.S. market and will be
widely used in virtual social, virtual entertainment, virtual
education, virtual communication and other fields.
In the first half of 2021, our global operating revenue
increased approximately 202.2% year on year, our gross profit
increased 189.8% year on year, our net profit increased 40.3% year
on year, and our R&D expenses increased 463.6% year on year. We
invested heavily in R&D to maintain our competitive edge in the
Metaverse and holographic AR industries. With the widespread
adoption of Metaverse, the holographic cloud industry in which WIMI
is located 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), whose commercial
operations began in 2015, 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 / 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
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.
Contacts
WIMI Hologram Cloud Inc.
Email: pr@wimiar.com
ICR, LLC
SharonZhou
Tel: +1 (646) 975-9495
Email: wimi@icrinc.com
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SOURCE WiMi Hologram Cloud Inc.