LAS VEGAS, June 1, 2020 /PRNewswire/ -- Remark
Holdings, Inc. (NASDAQ: MARK), a diversified global technology
company with leading artificial intelligence ("AI") solutions and
digital media properties, today announced its partnership with
Hanvon Technology, a publicly listed Chinese systems integrator,
won the Phase 2 implementation of China Mobile's contract for the
transformation of its 17,800 corporate stores into smart retail
With its advanced AI solutions for the field of smart retail,
Remark's China-based subsidiary,
KanKan AI, partnered with Hanvon Technology to successfully win the
second phase of China Mobile's Smart Telecom Operator Store
Project. The Deputy General Manager of Hanvon Technology Mr. Li Bin
said, "Hanvon Technology and KanKan AI will strengthen our
partnership with China Mobile as we were awarded the second phase
of the project by jointly advancing the adoption of innovative AI
technology for China Mobile's Smart Telecom Operator Store
"KanKan AI is excited to continue our deep cooperation with
Hanvon Technology. By combining their hardware expertise and sales
channel with our advanced AI technology research and development,
we expect the partnership will not only allow to us to win more
contacts together with China Mobile, but also to expand our
business in the smart telecom retail store market," added
Kai-Shing Tao, Remark's Chairman and
Chief Executive Officer. "China Mobile's successful results from
early Phase 1 implementations has resulted in an expanded
commitment to our additional offerings. Our award winning AI
solutions offer corporations a suite of applications that can be
implemented in conjunction with existing security hardware."
The project is expected to be delivered over the next two years.
Phase 1 includes the upgrade of more than 17,800 stores across the
entire country and is valued at $50
million to Remark. The second phase of the project will
deliver an additional several million dollars to Remark resulting
from a multi-year recurring software license for the new software
In the first phase of the project that KanKan AI and Hanvon
Technology jointly won, facial-ID, traffic counting, and smart
queue management systems have already been installed into
operation. Among the installed systems, the Smart Queue Management
System has been implemented in more than 2,000 stores across
China, with a target of 5,000
stores by the end of 2020. The smart queue management system
allows China Mobile's customers to use the company's mobile app or
WeChat to find the nearest stores using location-based technology,
and then allows the customer to get the queue status of each store
in real-time, and to get an electronic queue ticket for online
queueing. The system helps to distribute customer traffic to
different stores and uses electronic queue ticketing to replace
traditional paper ticketing, leading to improved store operation
efficiency and customer experience.
The second phase of the project adds incident detection
functionalities, including the following:
- Stranger intrusion alerting: generates a warning if
unauthorized personnel trespass in monitored/sensitive areas.
- Fire detection: signals if a fire or smoke is detected in
- Object recognition and placement monitoring: alerts if an
object is missing or moved from its original placement.
- Overcrowding detection: counts number of visitors, and
generates a warning if the number exceeds the given capacity.
- Staff attendance management: monitors the duration of staff
absence from appointed duties.
- Customer loitering prevention: detects loitering times of
individual visitors and groups of visitors in monitored areas,
alerting management if times exceed predetermined thresholds.
- Dress code compliance monitoring: the system automatically
checks the dress code of staff, which is only allowed to begin a
shift if standards are met.
- Mask wearing compliance monitoring: during the period of the
pandemic, the system generates a warning if personnel or customers
are not wearing proper facial protection.
The incident detection module being implemented during the
second phase uses front-end cameras to collect video data, uses AI
algorithms to analyze the video input and automatically perform
incident-detection functionalities, and supports a comprehensive
24-hour-per-day real-time monitoring program. The system
immediately identifies abnormal events and behaviors, generates
warnings in real-time, archives any evidence, sends notification to
the operator, and establishes workflow automation for pre-event
alerting, allowing for a fast response when events happen.
Alarm data such as event type, processing status, processed
rate, event time is summarized and analyzed in real-time for
determining related patterns. The backend of the smart management
system can effectively gather the data of all stores. With the
multiple dimension metrics from queue management, to store
standardization, abnormal environment, incident analysis and
others, the smart management level of the store has been greatly
About Hanwang Technology Co., Ltd
Established in 1998, Hanwang Technology Co., Ltd. (Hanvon
Technology) is the pioneer in character recognition technology and
intelligent interactive products worldwide. Through continuous
innovation over years, Hanwang Technology has a number of core
technologies with independent intellectual property rights in the
field of handwriting recognition, optical character recognition
(OCR), and handwriting input. The company's comprehensive technical
power is in leading position both at home and abroad. The
technology of handwritten Chinese character recognition won the
first prize of National Science and Technology Progress Award, and
OCR won the second prize of this same award. For additional
information, please refer to http://www.hanvon.com/.
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 Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please
visit the company's website at http://www.remarkholdings.com/.
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
E. Brian Harvey, Director of
Capital Markets and Investor Relations
Remark Holdings, Inc.
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SOURCE Remark Holdings, Inc.