Luokung Signs Agreement for its First Intelligent Networking

 BEIJING, July 25, 2022 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Corporation”), a foremost spatial-temporal smart huge facts providers firm and supplier of interactive place-dependent providers (“LBS”) and substantial-definition maps(“High definition Maps”)in China, nowadays introduced that it has signed an agreement with the federal government of Jiujiang District, Wuhu Town in Anhui Province for an intelligent networking based mostly car/ship autonomous driving undertaking. Hongdajiutong Technological know-how Enhancement Co.,Ltd.(HDtraffic”), an affiliate of Luokung, is providing detailed implementation and business marketing for the task, which marks a substantial first phase in the Firm’s active growth into the new marketplace of smart shipping and land transportation that is envisioned to crank out ongoing profits for the Enterprise.

This major undertaking has gained multimillion of RMB money from the authorities. In accordance to the conditions of the arrangement, Luokung is conducting the investigate and enhancement of the autonomous driving and driving assistance programs, which include components and software, for clever networking technologies of both street vehicles and ships, supporting the software of autonomous delivery systems and strive to recognize the 1st domestic open-freeway autonomous truck operation project in China. An integrated ship-car-cloud Digital Twin design will be built in this undertaking, primarily based on Wuhu’s one of a kind geographical advantages as a national built-in transportation hub with ports on the Yangtze River, to open up up a new intelligent networked enterprise circumstance.

Mr. Xuesong Tune, Chairman and CEO, said, “We are thrilled to be functioning with the Jiujiang District authorities on this monumental autonomous driving job. We believe this project is just the begining of the intelligent networking know-how applications in autonomous driving and shipping situations. Luokung has signed a long-expression cooperation with the regional authorities and actively engages in the commercial implementation centered on community organization linked scenarios. The effects accomplished from this project will be leveraged to kind a experienced commercialized small business model that has the likely for expansion into the national industry in the future.”

About Luokung Technology Corp.

Luokung Technologies Corp. is a foremost spatial-temporal intelligent big knowledge companies enterprise, as very well as a leading supplier of LBS and High definition Maps for several industries in China. Backed by its proprietary technologies and know-how in High definition Maps and multi-sourced intelligent spatial-temporal major data, Luokung has founded metropolis-amount and business-stage holographic spatial-temporal electronic twin devices and actively serves industries including sensible transportation(autonomous driving, wise highway and vehicle-highway collaboration), pure useful resource asset administration (carbon neutral and environmental protection remote sensing facts service), and LBS good marketplace programs (cellular World-wide-web LBS, sensible journey, intelligent logistics, new infrastructure, wise cities, crisis rescue, among the many others). The Business routinely delivers crucial updates on its website:

CAUTIONARY Statement About Forward-Looking STATEMENTS

This press launch has sure forward-searching statements. Forward-wanting statements include things like, but are not minimal to, statements concerning our or our management’s anticipations, hopes, beliefs, intentions or methods about the potential and other statements that are other than statements of historical simple fact. In addition, any statements that refer to projections, forecasts or other characterizations of long run occasions or situation, which includes any fundamental assumptions, are ahead-searching statements. The words “anticipate”, “feel”, “continue”, “could”, “estimate”, “anticipate”, “intend”, “might”, “could possibly”, “plan”, “probable”, “opportunity”, “ought to”, “would” and equivalent expressions may well discover forward-wanting statements, but the absence of these words and phrases does not signify that a assertion is not ahead-hunting.

The forward-hunting statements in this push release are primarily based on various assumptions, numerous of which are dependent, in turn, on further more assumptions, including with out limitation, management’s examination and assessment of the current legislation, rules and rules and other details out there from third functions. Even though we believe that these assumptions have been reasonable when manufactured, because these assumptions are inherently issue to substantial uncertainties and contingencies which are hard or not possible to predict and are further than our control, we can not assure you the assertion herein will be correct. As a outcome, you are cautioned not to rely on any forward-hunting statements.

Speak to:

The Firm:
Mr. Jay Yu
Main Money Officer
Tel: +86-10-6506-5217
E mail: [email protected]

Trader Relations:
Ms. Carolyne Sohn
Vice President
The Equity Team Inc.
Tel: 415-568-2255
Electronic mail:[email protected]

Ms. Alice Zhang
Trader Relations Analyst
The Equity Team Inc.
Tel: 212-836-9610
Electronic mail: [email protected]

Source Luokung Technology Corp.