BEIJING, September 13, 2021 / PRNewswire / – Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading space-time smart big data service company and provider of location-based interactive services (“LBS”) and high-definition maps (“HD maps”) in China, today announced that its operational subsidiary eMapGo Technology (Beijing) Co., Ltd. (“EMG”), a leading provider of electronic navigation and mapping services in China, signed an agreement to be the technical service provider for market information management and services for China Mobile Group Heilongjiang Co., Ltd. (“Heilongjiang Mobile”), the Heilongjiang division for China Mobile, the main telecommunications provider on the mainland China. This agreement is in effect through December 31, 2022.
The Heilongjiang Mobile contract is Luokung’s first new customer in the telecommunications sector since launching its B2B LBS Internet business, which the company has been actively developing since its acquisition of EMG. Luokung’s B2B LBS Internet business integrates Luokung Super Engine’s full vector technology with EMG’s precision map data capabilities. The Company has launched a series of B2B LBS services and products in various industries and business environments. With its ability to process and analyze real-time operating data reflecting behaviors using Big Data algorithms and present this data on a dynamic and personalized map, Luokung is able to help its customers. customers to run their businesses and achieve their business goals faster. At the same time, Luokung’s hybrid cloud solution supports private deployment of all customer service data in an intranet environment, providing the highest level of data security.
Sir. Song Xuesong, Chairman and CEO, said, “We are delighted to engage with Heilongjiang Mobile and look forward to working closely with their team to implement technical data services to better serve their customers. from China the telecommunications industry is an important step forward for the LBS B2B activities of our company. We believe this represents a tremendous opportunity for expanding our business with operators across the country. “
About Luokung Technology Corp.
Luokung Technology Corp. is a leading spatiotemporal intelligent big data services company, as well as a leading supplier of LBS and HD cards for various industries in China. Leveraging its proprietary technologies and expertise in HD maps and associated intelligent spatiotemporal big data, Luokung establishes city-level and industry-level holographic space-time digital twin systems serving industries, including including intelligent transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource management (carbon-neutral remote sensing data service and environmental protection) and smart industry applications LBS (mobile internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue, among others). The Company regularly provides important updates on its website: www.luokung.com/en.
eMapgo, a variable interest entity (“VIE”) of Luokung, is one of the leading providers of navigation and electronic map services in China, as well as a leading provider of internet map services, systems engineering Geographic Information and other Level A mapping qualifications. EMG has the National Class A Qualification Certificates for Navigable Surveying and Mapping and is actively developing autonomous driving and HD mapping services. Effective March 17, 2021, Luokung completed its acquisition of EMG through the purchase of the interests of Saleya Holdings Limited, which, through a series of contracts between its wholly owned subsidiary DMG Infotech Co. , Ltd. and EMG, made EMG Luokung VIE. For more information, please visit the EMG website: www.emapgo.com.cn.
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SOURCE Luokung Technology Corp.