Luokung’s Digital Twin Clever Freeway Administration and Management Platform Passes Expressway Operation Inspection and Skilled Committee Evaluation

Luokung’s Digital Twin Clever Freeway Administration and Management Platform Passes Expressway Operation Inspection and Skilled Committee Evaluation

BEIJING, Aug. 3, 2022 /PRNewswire/ — Luokung Expertise Corp. (NASDAQ: LKCO) (“Luokung” or the “Firm”), a

BEIJING, Aug. 3, 2022 /PRNewswire/ — Luokung Expertise Corp. (NASDAQ: LKCO) (“Luokung” or the “Firm”), a number one spatial-temporal clever huge knowledge companies firm and supplier of interactive location-based companies (“LBS”) and high-definition maps (“HD Maps”) in China, right this moment introduced that Luokung’s independently developed digital twin visualized freeway administration and management platform (the “platform”) has handed the street operation inspection for a pilot demonstration venture on the Shanghai-Wuhan Expressway. The platform additionally handed the evaluate by members of the Chinese language Academy of Engineering (“CAE”) and visitors security associated space specialists, which dominated that the platform, as a product, has reached the worldwide superior degree, considerably bettering the effectivity of freeway security operation administration and driving security.

The platform incorporates Luokung’s patented know-how, clever digital monitoring and early warning system for extreme climate situations, based mostly on HD Maps, satellite tv for pc imaging and different holographic spatial-temporal knowledge. Mixed with visualization deep studying algorithms, the platform goals to realize full all-weather all-day protection and attains high-precision detection and real-time early warning for low visibility and extreme climate situations akin to thick fog.

Throughout a four-month pilot demonstration venture that started on February 8, 2022, Luokung’s platform and its patented answer was utilized on the Shanghai-Wuhan Expressway (G4221), a key part of the nationwide expressway community referred to as the Yangtze River Financial Belt. The platform achieved a forecast and monitoring accuracy fee of 100%, subsequently passing the evaluate by the knowledgeable committee (the “Committee”) organized by Anhui Site visitors Management Building Administration Co., Ltd, the working division of the Anhui part of the ShanghaiWuhan Expressway.

On the knowledgeable evaluate assembly of “Analysis on Exact Administration and Management Scheme Primarily based on Meteorological Knowledge Evaluation” hosted on July 22, 2022, the Committee assessed, “Luokung’s system combines the idea of meteorological visibility with particular software situations of expressways and creatively makes use of present video surveillance services, synthetic intelligence, huge knowledge and different applied sciences to offer real-time visibility broadcasts and fog monitoring on expressways. It’s a cost-effective answer that has reached the worldwide superior degree and could be thought-about a pioneer product each domestically and internationally.”

Mr. Shanlin Yang, an knowledgeable in administration science and data techniques engineering at CAE who was on the Committee, commented, “This technical answer solves a big challenge of long-term inaccuracy and tardiness of monitoring fog utilizing standard commentary and meteorological satellites within the transportation subject. I consider this new platform will improve our skill to watch expressways and enhance security for drivers and passengers.”

Mr. Xuesong Tune, Luokung’s Chairman and CEO, acknowledged, “Primarily based on our digital twin know-how, Luokung digitally and dynamically visualizes all spatial and temporal components and scenes on the expressway, introducing a digital twin product. The extreme climate digital clever monitoring and early warning system, one of many key scene-level progressive options supplied on the platform, addresses a significant ache level for monitoring street situations in extreme climate globally by way of digitalized meteorological monitoring, AI correct identification and advance notifications. In response to China Local weather Bulletin, extreme climate situations are the first issue affecting the secure operation of the street community, with an impression ratio of 45%, and thick fog being one of the crucial unpredictable components. With the introduction of this platform, Luokung is offering a wise transportation options product to enhance expressway operation and administration security and effectivity, whereas growing the passing fee of autos. We’re optimistic that this product will turn out to be an vital commercialization venture within the subject of next-generation sensible transportation companies. We consider this presents us with a singular aggressive benefit to grab a larger market share within the expressway sensible companies market.”

About Luokung Expertise Corp.

Luokung Expertise Corp. is a number one spatial-temporal clever huge knowledge companies firm, in addition to a number one supplier of LBS and HD Maps for varied industries in China. Backed by its proprietary applied sciences and experience in HD Maps and multi-sourced clever spatial-temporal huge knowledge, Luokung has established city-level and industry-level holographic spatial-temporal digital twin techniques and actively serves industries together with sensible transportation (autonomous driving, sensible freeway and vehicle-road collaboration), pure useful resource asset administration (carbon impartial and environmental safety distant sensing knowledge service), and LBS sensible {industry} purposes (cell Web LBS, sensible journey, sensible logistics, new infrastructure, sensible cities, emergency rescue, amongst others). The Firm routinely gives vital updates on its web site: https://www.luokung.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press launch accommodates sure forward-looking statements. Ahead-looking statements embody, however usually are not restricted to, statements concerning our or our administration’s expectations, hopes, beliefs, intentions or methods concerning the long run and different statements which are apart from statements of historic truth. As well as, any statements that check with projections, forecasts or different characterizations of future occasions or circumstances, together with any underlying assumptions, are forward-looking statements. The phrases “anticipate”, “consider”, “proceed”, “might”, “estimate”, “anticipate”, “intend”, “could”, “may”, “plan”, “possible”, “potential”, “ought to”, “would” and related expressions could establish forward-looking statements, however the absence of those phrases doesn’t imply {that a} assertion just isn’t forward-looking.

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CONTACT:

The Firm:
Mr. Jay Yu
Chief Monetary Officer
Tel: +86-10-6506-5217
Electronic mail: [email protected]

Investor Relations:
Ms. Carolyne Sohn
Vice President
The Fairness Group Inc.
Tel: 415-568-2255
Electronic mail: [email protected]

Ms. Alice Zhang
Investor Relations Analyst
The Fairness Group Inc.
Tel: 212-836-9610
Electronic mail: [email protected]

SOURCE Luokung Expertise Corp.

Luokung’s Digital Twin Clever Freeway Administration and Management Platform Passes Expressway Operation Inspection and Skilled Committee Evaluation

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