BEIJING, Sept. 19, 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
it will provide PaaS service to the China's first remote sensing big data cloud
"SIWEI earth".
In this year's HUAWEI CONNECT took place in Shanghai on September
18, 2019, the China Centre for Resources Satellite Data and
Application (also known as China SIWEI Surveying and Mapping
Technology Co. Ltd, hereinafter referred to as the "CRESDA") has
launched its remote sensing big data cloud product "SIWEI earth" to
provide China's first safe and
reliable intelligent spatial-temporal information service platform
massive with multi-source data covering sea, land and air.
On August
14, 2019, the Company announced its strategic cooperation
with CRESDA to provide remote sensing big data cloud service, and
"SIWEI earth" Remote sensing data cloud product is one of the
specific products of the cooperation. Luokung is responsible for
providing PaaS services for intelligent data analysis, express data
release, massive data management and other related data
analysis.
"SIWEI earth" is China's
largest and most advanced generation of intelligent
spatial-temporal information service platform (the "Platform"),
which has developed an innovative application mode of "Internet +"
remote sensing with features of always online, low latency, full
data, high-precision and self-controllable. In addition, it has
subverted the traditional mode in which users originally needed to
order, produce, and download data from remote sensing data centers
to localized industrial applications. Customers can obtain
real-time remote sensing data and value-added products online and
carry out business applications, which significantly reduces the
threshold for remote sensing data usage and provide on-demand and
near-real-time cloud high-quality remote sensing data.
The Company is the PaaS service provider for the Platform and
through its independent innovation of spatial-temporal big-data
processing technology, which the Company breaks through the
technical bottleneck of massive remote sensing data management and
application, supports the real-time processing of 10PB-level remote
sensing data, and enables the spatial-temporal information
intelligent service platform to achieve ultra-high performance of
processing 20T data within 2 hours per day. The high-concurrency,
high-availability, high-stability platform built on Luokung's core
technology can be expanded as needed, and it can serve 20,000
concurrent requests, and gradually reach 400,000 concurrent
requests once online. The Platform will not only allow users to
enjoy data in the cloud more quickly, but to accommodate more users
on the cloud.
In today's highly digital society, more than 90% of government
information and 95% of commercial information are closely related
to geospatial information, and these large amounts of remote
sensing data collected by satellites form of the need of a large
database to be developed. "SIWEI earth" to directly support smart
city platforms, business systems, mobile APPs and application
software for various industries, and to accurately and efficiently
meet the massive demand from large number of users, such as
government, enterprises, and the general public, and bring
tremendous value to many industries.
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 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.