Luokung Announces Approval of eMapGo's HD Map Standards
Luokung Technology Corp. (NASDAQ: LKCO) has announced the approval of the first industry standard for Highly Automated Driving Maps, developed by its subsidiary eMapgo Technologies. This standard, approved by the China Society of Automotive Engineering Standards, provides a unified framework for map production in autonomous driving. Over 20 companies contributed to this 16-month project, aiming to enhance quality and interoperability in the industry. CEO Xuesong Song expressed commitment to maintaining leadership in the evolving autonomous driving sector.
- Approval of the first industry standard for Highly Automated Driving Maps in China.
- Collaboration with over 20 companies to enhance industry quality and interoperability.
- Strengthens Luokung's leadership position in the autonomous driving sector.
- None.
BEIJING, June 23, 2021 /PRNewswire/ -- 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 and High Definition maps ("HD Maps") in China, today announced that the Intelligent and Connected Vehicles—Highly Automated Driving Map—Acquisition Element Model and Exchange Format standard (standard number: T/CSAE 185-2021), sponsored by Luokung's wholly-owned subsidiary eMapgo Technologies (Beijing) Co., Ltd. ("EMG"), a leading provider of navigation and electronic map services in China, has passed the project approval and review process by the China Society of Automotive Engineering Standards (CSAE) and was approved for official release.
This is the first published industry standard for the Highly Automated Driving Map production industry in China. It provides a unified set of standards for the development of the Highly Automated Driving Map and defines and standardizes Highly Automated Driving Map acquisition elements. It also sets the foundation for future intelligent and connected vehicles Highly Automated Driving Map exchange formats and for mapping- and positioning-related standard systems for a cohesive and intelligent network.
The standard, whose development was led by EMG over the course of 16 months, was jointly completed by more than 20 companies, including map manufacturers, hardware and software manufacturers in the field of autonomous driving, and automobile manufacturers.
Mr. Xuesong Song, Chairman and CEO, stated, "We are thrilled to have played a part in establishing the first set of industry standards for autonomous-driving map production. It has been a long yet rewarding process to work with so many individuals and teams in the industry who are dedicated to improving the quality of the industry's products, and we look forward to maintaining our leadership position within the industry in the years to come."
About Luokung Technology Corp.
Luokung Technology Corp. is a leading Spatial-Temporal intelligent big data services company, as well as a leading provider of location-based services (LBS) and HD Maps for various industries in China. Backed by its proprietary technologies and expertise in HD Maps and related intelligent Spatial-Temporal big data, Luokung established city-level and industry-level holographic Spatial-Temporal digital twin systems and actively serves industries including autonomous driving, vehicle-road collaboration (V2X), smart transportation, smart travel, local business LBS, new infrastructure, smart cities, and smart industries (emergency, natural resources, environmental protection, water conservancy, energy, smart training, among others).
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CONTACT:
The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-5327-4727
Email: ir@luokung.com
Investor Relations:
Adam Prior
Senior Vice President
The Equity Group Inc.
Tel: 212-836-9606
Email: aprior@equityny.com
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SOURCE Luokung Technology Corp.
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