LAS VEGAS, July 9, 2019 /PRNewswire/ -- Remark Holdings,
Inc. (NASDAQ: MARK), a diversified global technology company with
leading artificial intelligence (AI) solutions and digital media
properties, today announced that it has entered into a Smart
Building Partnership agreement with Hanvon Technology Co. Ltd, one
of China's top software companies
and a leader in the development of intelligent pattern recognition
technologies and products.
Hanvon will utilize KanKan's Facial Recognition Technology to
provide access control for the entrance and exit management of its
portfolio buildings. Currently, this partnership has already been
deployed at over 1,000 access points, with plans to continue
deployment to over 10,000 + building units by the end of
2019. KanKan AI's integrated Hardware and Software solution
replaces the traditional card swiping system completely, making the
resident pass through experience faster and smoother. The
unit owner can utilize KanKan's Smart Community app to communicate
with visitors by phone and provide remote door access. KanKan
AI's Smart Community app flags unauthorized visitors for community
security.
"We are very pleased to partner with Hanvon in deploying our AI
technology across their building portfolio," said Kai-Shing Tao, Chairman and Chief Executive
Officer of Remark Holdings. "Hanvon has recognized our
ability to develop a comprehensive AI solution to enhance their
resident pass system, while strengthening security protection from
unauthorized guests. The global real estate sector represents
a major growth opportunity for our company given our ability to
utilize our AI resources to develop very efficient and practical
solutions that improve building management and enhance the resident
experience."
About Remark Holdings, Inc.
Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated
suite of AI solutions that enable businesses and organizations to
solve problems, reduce risk and deliver positive outcomes. The
company's easy-to-install AI products are being rolled out in a
wide range of applications within the retail, financial, public
safety and workplace arenas. The company also owns and operates
digital media properties that deliver relevant, dynamic content and
ecommerce solutions. The company is headquartered in Las Vegas, Nevada, with additional operations
in Los Angeles, California and in
Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please
visit the company's website at www.remarkholdings.com.
Forward-Looking Statements
This press release may contain forward-looking statements,
including information relating to future events, future financial
performance, strategies, expectations, competitive environment and
regulation. Words such as "may," "should," "could," "would,"
"predicts," "potential," "continue," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," and similar
expressions, as well as statements in future tense, identify
forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, including those
discussed in Part I, Item 1A. Risk Factors in Remark Holdings'
Annual Report on Form 10-K and Remark Holdings' other filings with
the SEC. Any forward-looking statements reflect Remark Holdings'
current views with respect to future events, are based on
assumptions and are subject to risks and uncertainties. Given such
uncertainties, you should not place undue reliance on any
forward-looking statements, which represent Remark Holdings'
estimates and assumptions only as of the date hereof. Except as
required by law, Remark Holdings undertakes no obligation to update
or revise publicly any forward-looking statements after the date
hereof, whether as a result of new information, future events or
otherwise.
Company Contact:
E. Brian
Harvey
Remark Holdings, Inc.
ebharvey@remarkholdings.com
702-701-9514 ex: 3050
Media Contact:
Brad
Edwards
The Plunkett Group, Inc.
Brad@ThePlunkettGroup.com
212-739-6740
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SOURCE Remark Holdings, Inc.