Asian Surveying & Mapping
Breaking News
European aerial surveying industry gathered at the 2022 EAASI Summit
More than 70 members of the aerial mapping industry...
China releases report on remote sensing monitoring for global ecology
BEIJING - China's Ministry of Science and Technology issued...
Singapore launches Environmental Services Industry Transformation Map, to create more than 1,600 PMET jobs by 2025
With a total of 23 Industry Transformation Maps to be...
China builds new dam in Tibet near Indian border
In a development that is a matter of concern...
Abu Dhabi’s Bayanat more than doubles 2022 net profit on revenue boost
Bayanat, a geospatial data products and services provider which listed...
Esri India Inks MoU with TEXMiN – IIT (ISM) Dhanbad
Esri India, the country’s leading Geographic Information System (GIS)...
China forms all-weather remote sensing monitoring system for all waters, islands: top aerospace authorities
China’s space technology was deeply applied in the country’s...
EU and Japan to improve Earth observation data through Copernicus
As part of a recent agreement, Japan will provide...
Indonesia deploys first student satellite through KiboCUBE programme
VIENNA - Indonesia has successfully deployed its first student...
Joshimath Crisis: ISRO Satellite Images, Reports Show How the Entire Town is at the Brink of Collapse
An eerie silence prevails over the small town of...
  • Aug 22, 2022
  • Comments Off on Luokung Affiliate eMapGo Wins a China Association for Geospatial Industry and Sciences 2022 Enterprise Growth Award
  • Headlines, News
  • 294 Views

August 22nd, 2022
Luokung Affiliate eMapGo Wins a China Association for Geospatial Industry and Sciences 2022 Enterprise Growth Award

BEIJING – Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services (“LBS”)  in China, today announced that its operating affiliate eMapGo Technology (Beijing) Co., Ltd. (“EMG”), a leading provider of navigation and electronic map services in China, has received the 2022 Enterprise with the Greatest Growth Potential in the Geospatial Industry Award from the China Association for Geospatial Industry and Sciences (“CAGIS”), recognizing EMG’s compound growth rate of 122.5% over the past three years in its geospatial business. The Company ranked second in compound growth rate among approximately 50 companies that were recognized with this honor.

CAGIS is a non-profit national industrial organization, authorized and supervised by the Ministry of Civil Affairs and the Ministry of Natural Resources, which currently has thousands of members including several well-known geospatial enterprises within China. CAGIS recently released a report titled “China Geographic Information Industry Development Report (2022)”, which states that the output value of China’s geographic information industry reached RMB752.4 billion in 2021, an increase of 9.2% year over year, with the scale expected to continue to increase.

Mr. Xuesong Song, Luokung’s Chairman and CEO, stated, “We are thrilled that EMG’s growth in recent years has been recognized by CAGIS. It is a validation of EMG’s significant achievement in autonomous driving, road-vehicle collaboration and digital twin market through constant research and development on HD maps. In the future, as we continue to enhance its core capabilities, we believe EMG will be able to optimize, deepen and expand its services to additional industries, solidifying its leading position in the market.”

About Luokung Technology Corp.

Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS for various industries in China. Backed by its proprietary technologies and expertise in multi-sourced intelligent spatial-temporal big data, Luokung has established city-level and industry-level holographic spatial-temporal digital twin systems and actively serves industries including smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral and environmental protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue, among others). The Company routinely provides important updates on its website: https://www.luokung.com.

ABOUT EMAPGO

eMapgo, a variable interest entity (“VIE”) of Luokung, is a leading provider of navigation and electronic map services in China, as well as a leading provider in Internet map services, geographic information system engineering and other A-level mapping qualifications. EMG possesses the National Class-A qualification certificates of navigable Surveying and Mapping, and actively develops autonomous driving and HD Map services. In March 2021, Luokung closed on the acquisition of EMG through the purchase of the equity 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’s VIE. For more information, please visit EMG’s website: www.emapgo.com.cn.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding our or our management’s expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “might”, “plan”, “probable”, “potential”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination and analysis of the existing law, rules and regulations and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you the statement herein will be accurate. As a result, you are cautioned not to rely on any forward-looking statements.

CONTACT:

The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-6506-5217
Email: ir@luokung.com

Investor Relations:
Ms. Carolyne Sohn
Vice President
The Equity Group Inc.
Tel: 415-568-2255
Email: csohn@equityny.com

Ms. Alice Zhang
Investor Relations Analyst
The Equity Group Inc.
Tel: 212-836-9610
Email: azhang@equityny.com

SOURCE Luokung Technology Corp.