LAS VEGAS, Oct. 2, 2019 /PRNewswire/ -- Remark Holdings,
Inc. (NASDAQ: MARK), a diversified global technology company with
leading artificial intelligence ("AI") solutions and digital media
properties, today announced a new partnership with Tongyue
Technologies to bring its KanKan AI school solutions and leading AI
technology to Tongyue's recent launch of its Kindergarten Medical
Robot, which identifies a student's health condition, weight,
height, and body temperature within ten seconds to determine
whether the student is suspected of contracting hand, foot, and
mouth disease ("HFMD") or other potentially infectious
diseases.
Initially launching in Hangzhou
with 30 kindergartens representing 12,000 students, the partnership
is expected to deploy to over 500 kindergartens in the Hangzhou province, representing 200,000
students.
KanKan AI solutions relieve the current manual burden of a
kindergarten teacher's daily physical checkups of the students in
their classroom. Paired with KanKan AI's Smart Campus Platform, the
daily physical examination data is transmitted to the local
government's Center for Disease Control ("CDC"), as well as kept
for both school and parental records.
"We are pleased to partner with Tongyue to add Smart AI
capabilities to their Medical Robot geared towards detecting
diseases among kindergarten students before it spreads. This
feature complements our current products which are designed to
relieve the routine tasks and burdens experienced by teachers in
keeping track of student attendance while maintaining school
safety," noted Kai Shing Tao,
Chairman and CEO of Remark Holdings.
"In addition, we are close to the monetization of our Sharecare
position. Sharecare recently became a primary beneficiary of
Walmart's strong push into consumer healthcare with the planned
openings of local health clinics inside existing Walmart stores,
attracting the attention of additional new parties seeking to
invest, thereby allowing us to potentially realize a higher value
for our stake," added Tao.
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
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SOURCE Remark Holdings, Inc.