BEIJING, July 8, 2020 /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 has
established business partnership with BYD Auto Industry Co., Ltd.
("BYD" ticker: 01211.HK, SZ.002594), Luokung to provide
location-based information and commercial marketing services for
BYD, which offers BYD car users with more intelligent, accurate,
safe, convenient and personalized mobile internet local location
business services to improve the user experience of intelligent and
connected.
DiLink intelligent connected system is BYD's self-developed
technology + content service ecosystem based on intelligent
hardware, in-car network, cloud communication, information fusion,
AI, big data, other technologies and user insights. DiLink
intelligent connected system comprises of Di Platform, Di Cloud, Di Ecology and Di Open, which is
designed to fully connect people-car-life-society and provides car
users with a new intelligent travel experience.
Relying on BYD Auto's DiLink platform, Luokung provides mobile
Internet location-based information and commercial marketing
services to BYD car users, and Luokung is fully responsible for the
technical development and operation of the services. The product is
fully supported by Luokung's open map platform. Base on the
strength of Luokung's full vector non-tiled map technology, the
services significantly enhance the location-based interactive
experience for car users, enable them to discover valuable
information around them, and aided by integrated AI technology to
perfectly match the location and related contents with its
spatial-temporal information. In different scenarios, such as
self-guided road trips, fleet travels, city visits, and daily
commutes, etc., contents are personalized and accurately pushed to
meet the user's local service interaction needs, which delivers a
more precise, safe, convenient and personalized on-car location
based service.
About BYD AUTO
BYD AUTO (ticker: 01211.HK, SZ.002594), a high-tech enterprise
with three major industrial clusters of IT, automobile and new
energy. It is committed to "use technological innovation to satisfy
people's yearning for a better life." BYD Auto, a leader in new
energy vehicles, has ranked first in sales of new energy vehicles
in China for 6 consecutive
years.
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. It provides integrated DaaS, SaaS, and
PaaS services for Internet and Internet of Things of
Spatial-Temporal big data based on its patented technology. Based
on geographic information systems and intelligent Spatial-Temporal
big data, it establishes city-level and industry-level digital twin
holographic data models to actively serve smart cities, intelligent
transportation, smart industry,
LBS. 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.