Luokung Subsidiary eMapgo Markets Its Expressway Digital Twin Software Services for Puxin Expressway Heze Section

BEIJING, June 8, 2022 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung”, “we”, “our” or “we”)a leading intelligent spatial and temporal big data service company and provider of location-based interactive services (“LBS”) and high-definition maps (“HD Maps”) in Chinatoday announced that its operating subsidiary eMapgo Technology (beijing) Co., Ltd. (“EMG”), a leading provider of navigation and electronic map services in Chinasigned a software service contract to provide a digital twin service system, HD Map geographic information services and vehicle-road collaboration (“V2X”) services for the Heze section expressway intelligent monitoring center the Puyang-Yangxin Expressway (“Puxin Expressway Heze Section”), which stretches over 400 kilometers from Puyang, Henan Province in Yangxi, Shandong Province.

The highway digital twin visualization management and control platform developed by Luokung (the “Platform”) is based on Luokung’s intelligent digital base and integrates multi-source data such as HD maps, environmental and weather monitoring, real-time road traffic, road, infrastructure sensor monitoring of bridges and culverts. The platform provides a significant upgrade from the traditional static highway monitoring to a visualized, dynamic and interactive online 3D digital twin software service platform, realizing accurate real-time display and retrospective restoration of the road condition and vehicle behaviors covering the entire section of road. With the platform, Luokung plans to implement real-time management of road sections, road network traffic and service response, operation situation analysis and judgment, simulations, traffic hazard forecasting, analysis and prediction of road traffic operation control effect, to meet various highway operations. service requests and management needs in normal and emergency states for highway operation services.

Mr. Song XuesongChairman and CEO of Luokung, said, “We are very pleased to announce the launch of the platform, which Luokung plans to use to provide business services to the Puxin Expressway Heze section. We believe that the signing of this contract to provide services for the smart highway Heze section monitoring center of the Puxin highway is a testament to the highway’s digital twin software service platform and products. Luokung, and EMG’s position in the field of smart highway industry applications. intelligent road traffic demonstration projects to Changjiu Expressway which we announced in June 2021, the company has gradually built a comprehensive intelligent highway product and service portfolio that supports standalone V2X, which includes the highway digital twin service platform as a product serving the services of highway operation. We are optimistic about the market opportunity presented by highway information services and remain confident in our ability to secure contracts for the implementation of additional commercial services in the future. »

About Luokung Technology Corp.

Luokung Technology Corp. is a leading spatiotemporal intelligent big data service company, as well as a leading provider of LBS and HD boards for various industries in China. Relying on its proprietary technologies and expertise in HD maps and multi-source intelligent spatial and temporal big data, Luokung has established holographic spatial-temporal digital twin systems at the city and industry levels and actively serves industries such as smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource management (carbon-neutral remote sensing data service and environmental protection), and LBS smart industrial applications (LBS mobile internet, travel smart, smart logistics, new infrastructure, smart cities, emergency rescue, among others). The Company regularly provides important updates on its website: https://www.luokung.com.

ABOUT EMAPGO

eMapgo, a variable interest entity (“VIE”) of Luokung, is one of the leading providers of electronic map and navigation services in China, as well as a leading provider of Internet Mapping Services, Geographic Information Systems Engineering and other A-level cartographic qualifications. EMG holds the National Class A Qualification Certificates in Navigable Surveying and Mapping, and actively developing self-driving and HD map services. In March 2021, Luokung completed the acquisition of EMG through the purchase of the stakes of Saleya Holdings Limited, which through a series of contracts between its wholly owned subsidiary DMG Infotech Co., Ltd. and EMG, created the EMG Luokung VIE. For more information, please visit the EMG website: www.emapgo.com.cn.

CAUTION 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 not statements of historical fact. In addition, any statement that refers to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, is a forward-looking statement. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “could”, “plan”, ” likely”, “potential”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of such words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on various assumptions, many of which are based, in turn, on other assumptions, including, without limitation, management’s review and analysis of 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 important uncertainties and contingencies which are difficult or impossible to predict and which are beyond our control, we cannot guarantee to you that the above statement will be accurate. Accordingly, you are cautioned not to rely on any forward-looking statements.

CONTACT:

The company:
Mr. Jay Yu
Financial director
Tel: +86-10-6506-5217
Email: [email protected]

Investor Relations:
M/s. Caroline Sohn
vice president
Equity Group Inc.
Tel: 415-568-2255
Email: [email protected]

M/s. Alice Zhang
Investor Relations Analyst
Equity Group Inc.
Tel: 212-836-9610
Email: [email protected]

Quote

Show original content:https://www.prnewswire.com/news-releases/luokung-affiliate-emapgo-commercializes-its-expressway-digital-twin-software-services-for-puxin-expressway-heze-section-301563198.html

SOURCE Luokung Technology Corp.

Comments are closed.