Luokung Affiliate eMapgo provides mapping services for Ford Smart vehicles

BEIJINGFeb. 232022 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”)a leading intelligent spatial and temporal big data service company and provider of location-based interactive services (“LBS”) and high-definition maps (“HD Maps”) in Chinatoday announced that its operating subsidiary eMapgo Technology (beijing) Co., Ltd. (“EMG”), a leading provider of navigation and electronic map services in China, began providing mapping services for two new vehicle models from Ford Motor Company (“Ford”), the Ford EVOS and Mustang Mach-E, both equipped with Ford’s BlueCruise active driver assistance system (“BlueCruise”). The Ford EVOS is an upper midsize SUV, and the Mustang Mach-E is Ford’s first all-electric SUV. Both vehicle models are sold in the Chinese market. EMG currently provides mapping services for BlueCruise installed on these two vehicle models.

BlueCruise supports the L2 autonomous driving function as defined by SAE International. When activated, the system automatically determines if the vehicle can use the BlueCruise system under the current road conditions and notifies drivers on the vehicle’s dashboard. The driver status monitoring system then begins to monitor drivers’ traffic observation in real time and provides warnings and alarms if necessary. BlueCruise also incorporates full-speed adaptive cruise (with stop and go auto-tracking) and lane centering assist, as well as acceleration, deceleration and steering control as part of its driver assistance. active, to help relieve the stress of long journeys and improve driving safety.

EMG’s mapping services for the Ford BlueCruise system cover the majority of highways and expressways on the continent China and use over-the-air (“OTA”) technology to perform updates to provide technical reliability support for BlueCruise.

Sir. Song XuesongPresident and CEO of Luokung, said, “We are delighted to have EMG’s mapping services integrated into the BlueCruise system on two of Ford’s new smart vehicle models. Ford is a leading international automobile manufacturer known for its excellence in delivering high quality, innovative vehicles. to its customers, and we believe that their use of EMG’s mapping services validates the quality and advanced capabilities of our product. We look forward to expanding this partnership with Ford and exploring further opportunities with top automakers looking to bolster their driver-assist technologies.

About Luokung Technology Corp.

Luokung Technology Corp. is a leading spatiotemporal intelligent big data service company, as well as a leading provider of LBS and HD boards for various industries in China. Relying on its proprietary technologies and expertise in HD maps and multi-source intelligent spatial and temporal big data, Luokung has established holographic spatial-temporal digital twin systems at the city and industry levels and actively serves industries such as smart transportation (autonomous driving, smart highway, and vehicle-road collaboration), natural resource management (carbon-neutral remote sensing data service and environmental protection), and LBS smart industrial applications (LBS mobile internet, travel smart, smart logistics, new infrastructure, smart cities, emergency rescue, among others). The Company regularly provides important updates on its website: https://www.luokung.com.

ABOUT EMAPGO

eMapgo, a variable interest entity (“VIE”) of Luokung, is one of the leading providers of electronic map and navigation services in China, as well as a leading provider of Internet mapping services, geographic information systems engineering and other A-level cartographic qualifications. EMG holds the National Class A Qualification Certificates in Navigable Surveying and Mapping, and actively developing self-driving and HD map services. In March 2021, Luokung completed the acquisition of EMG through the purchase of the stakes of Saleya Holdings Limited, which through a series of contracts between its wholly owned subsidiary DMG Infotech Co., Ltd. and EMG, created the EMG Luokung VIE. For more information, please visit the EMG website: www.emapgo.com.cn.

CAUTION 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 not statements of historical fact. In addition, any statement that refers to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, is a forward-looking statement. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “could”, “plan”, ” likely”, “potential”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of such words does not mean that a statement is not forward-looking.

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CONTACT:

The company:
Sir. Jay Yu
Financial director
Tel: +86-10-6506-5217
E-mail: [email protected]

Investor Relations:
M/s. Caroline Sohn
vice president
Equity Group Inc.
Tel: 415-568-2255
E-mail: [email protected]

SOURCE Luokung Technology Corp.

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