BEIJING, Aug. 14, 2019 /PRNewswire/ -- Luokung
Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company"),
one of the global leading spatial-temporal big-data processing
technology companies, a leading interactive location-based services
company in China, today announced
its strategic cooperation to provide cloud services based on image
data from remote sensing satellites to manage data unification for
the China Centre for Resources Satellite Data and Application
(hereinafter referred to as the "CRESDA") , thus to further
achieve more reliable, safer and efficient data cloud
service.
Based on Luokung and CRESDA's advantages and resources, both
parties expect to actively investigate and steadily advance in deep
cooperation. Both parties will jointly establish an industry
leading remote sensing spatial temporal big data cloud service
platform to provide advanced products, applications and technology
services for customers in the fields of land resources management,
environmental protection, water conservancy, surveying and mapping,
marine, agriculture and forestry, emergency management and
others.
Both parties will actively participate in deep cooperating on
major state projects that CRESDA is responsible for the China
High-resolution Earth Observation System. Based on the existing technology Luokung has
provided, which includes the remote
sensing image cloud services and publishing platform and APP of
Earth Imagery, Luokung will continue to develop its corresponding
leading technical services to fully meet the demand of these major
state projects.
About CRESDA
The China Centre for Resources Satellite Data and Application
(hereinafter referred to as the "CRESDA") was founded on
October 5th, 1991. It is a scientific
research and operational management institution under the
supervision of the National Development and Reform Commission
(NDRC) and the China National Space Agency (CNSA). It is
administrated by the China Aerospace Science and Technology
Corporation (CASC). CRESDA is one of the top three national remote
sensing satellite data centers. It has a complete set of earth
observation data products, technical services and systems, and it
has accumulated abundant scientific research achievements. At
present, CRESDA has operated and managed more than 20 satellites,
including resource management series, environmental disaster
reduction series and high-resolution series. It has served more
than 27 million satellite image scenes to users nationwide, which
are widely used in agriculture, forestry, water conservancy, land
resources management, urban planning, environmental protection,
disaster monitoring and national defense construction and other
fields, resulting in enormous social and economic benefits.
About Luokung Technology Corp.
Luokung Technology Corp. is one of the global leading
spatial-temporal big-data processing technology companies and a
leading interactive location-based services company in China. The core brands of the Company are
"Luokuang" and "SuperEngine". "Luokuang" is a mobile application to
provide B2C services and "SuperEngine" provides B2B and B2G
services in connection with Spatial-Temporal big data. The
Company's mobile application LuoKuang, provides location- based
interaction services for users based on the world's first
non-slicing, full-vector and full-function mobile internet map, it
also provides SDK and API embedded services to LBS mobile internet
developers based on its full-vector and non-slicing mobile internet
map. The Company provides completed DaaS, SaaS and PaaS services in
relation to spatial-temporal big data internet and internet of
things relying on its proprietary patented spatial-temporal cloud
indexing technology, in fields including but not limited to HD Map,
3D Map, Internet Application Map, Satellite Remote Sensing Data and
Real-time trajectory. For more information please go to
http://www.luokung.com.
Business Risks and Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. 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", "target",
"going forward", "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
CONTACT:
The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-5327-4727
Email: ir@luokung.com
INVESTOR RELATIONS
PureRock Communications Limited
Email: luokung@pure-rock.com
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SOURCE Luokung Technology Corp.