AutoNavi, a Subsidiary of Alibaba Group, Will Guide Riders
Directly From its Popular Mapping Application to Link Motion's
Smart Ride Service
BEIJING, July 24, 2018 /PRNewswire/ -- Link Motion
Inc., (NYSE: LKM), a leading smart car and smart ride company,
has formed a new strategic partnership with AutoNavi Software Co.,
Ltd., a leading digital mapping, navigation and location service
solutions provider in China and a
subsidiary of e-commerce conglomerate Alibaba Group (NYSE: BABA).
Pursuant to the terms of the agreements that have been executed
establishing the strategic relationship, AutoNavi will guide riders
directly from its popular mapping application to Link Motion's
smart ride service in all of Link Motion's operational markets and
locations. In addition, Link Motion will utilize AutoNavi's leading
mapping and navigation solutions and services in its smart ride
business and applications.
"As we prepare for the commercial rollout of our Smart Ride
business scheduled for this summer, we recognize AutoNavi as a key
partner," said Duo Tang, executive vice president and head of Link
Motion's Smart Ride Business. "We will rely on their best-in-class
mapping and navigation services as a key technology solution for
our smart ride platform, and we believe the significant order flow
that could be generated directly through integration with their
mapping application could be of paramount importance to rapidly
securing a large user base. We look forward to further
strengthening our strategic partnership with AutoNavi and
announcing further initiatives with them in the near future,"
concluded Tang.
"Link Motion's innovative smart ride concept is a natural fit
for AutoNavi users, who are accustomed to seamless and
best-in-class transportation and mapping solutions," said Mr.
Curtis Tong, General Manager of
AutoNavi's Open Platform. "As active technology leaders in the
transportation space, we believe that our mapping solutions are
highly synergistic with Link Motion's smart ride service.
"Cars are an environment, where individuals spend a significant
amount of time, and which through connectivity can become an
important part of life. We believe there are many high-value
opportunities for cooperation with an industry thought leader like
Link Motion, and look forward to a strong working relationship
going forward," concluded Mr. Tong.
About AutoNavi Holdings Ltd.
AutoNavi is a leading provider of digital mapping content,
navigation, and location service solutions provider. Since
its inception in 2002 and after 16 of development, AutoNavi has
accumulated leading technology, built a high barrier for the entire
mapping industry, and become an industry leader in the development
of other related businesses. In April
2014, the Company was acquired by Alibaba Group, a leading
e-commerce conglomerate (NYSE : BABA). AutoNavi's
business capabilities cover the entire industry ecosystem of mobile
maps, navigation and transportation including the data, software,
cloud service, open platforms, tourism service, information
service, and auto navigation market.
About Link Motion Inc.
Link Motion Inc. ("Link Motion" or the "Company" NYSE: LKM)
is a leading smart car and smart ride company. Link Motion's
portfolio of offerings includes enabling technology solutions and
secure connected carputers for the ecosystem of car businesses,
consumer ride sharing services, as well as legacy mobile security,
productivity and other related applications. For more
information on Link Motion, please
visit www.lkmotion.com.
Forward-Looking Statements
This news release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and 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,"
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in this press release are forward-looking statements and involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements.
These forward-looking statements are based on management's current
expectations, assumptions, estimates and projections about the
Company and the industry in which the Company operates, but involve
a number of unknown risks and uncertainties. Further information
regarding these and other risks is included in the Company's
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Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and actual
results may differ materially from the anticipated results. You are
urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not
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are qualified in their entirety by these cautionary statements.
Media & Investor Relations
MZ North America
Chris
Tyson
Managing Director
949-491-8235
LKM@mzgroup.us
www.mzgroup.us
Luke Zimmerman
Senior Associate
949-259-4987
LKM@mzgroup.us
www.mzgroup.us
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SOURCE Link Motion Inc.