Fremont Street Experience deploys Remark AI Powered Smart Safety Platform and Smart Sentry Units to improve public safety and security for its 26 million annual visitors
Remark Holdings (NASDAQ: MARK) partners with the Fremont Street Experience to enhance safety using its AI-powered Smart Safety Platform and Smart Sentry Units. This technology enables real-time data-driven decisions, enhancing security by detecting incidents such as loitering and suspicious behavior. The Fremont Street Experience, with 26 million annual visitors, aims to utilize these AI solutions to monitor crowd counts and traffic patterns efficiently. The partnership marks a significant development in leveraging AI for public safety.
- New partnership with Fremont Street Experience expected to enhance operational capabilities.
- Smart Safety Platform offers real-time data insights, aiding in proactive security measures.
- Potential for increased demand as the platform has already shown effectiveness during high-traffic events.
- None.
Remark AI-Powered Smart Safety Platform and Smart Sentry Units generate detailed video analytics that provide insight into real-time large capacity crowd counts and traffic patterns
LAS VEGAS, Nov. 29, 2022 /PRNewswire/ -- Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence ("AI") solutions and video analytics, announced that it has partnered with the Fremont Street Experience to deploy its AI-powered Smart Safety Platform ("SSP") and Smart Sentry Units.
SSP enables organizations to make real-time data-driven decisions and allows users to uncover data insights from the autonomous detection of security incidents and breaches, around the clock.
Remark AI's SSP AI-powered features generates real-time alerts for proactive security and safety including:
- Intelligent pre and post-forensic investigation that provides meta-data searches by utilizing physical and object-recognition attributes to speed up the investigation process
- Intrusion / loitering / object / vehicle / trespassing detection
- Live real-time large-capacity people counting and crowd analysis
- Preventative behavioral analysis such as loitering, dropping of unattended bags, vandalism, graffiti, fights
- Suspicious fire, object, and smoke detection
- Visual dashboard with actionable insights and reports for daily monitoring and customer flow analysis
"We are pleased to announce the Fremont Street Experience as an anchor customer and partner. Each year, 26 million visitors, or the equivalent of a daily 70,000 person sold-out Las Vegas Raiders game, come downtown to visit the Fremont Street Experience. Its security is paramount to the City of Las Vegas. Our Smart Safety Platform takes raw video content and turns it into data-driven intelligence with actionable insights and real-time alerts on potential security breaches. Users can monitor and respond to incidents in real time, simplify and automate security operations, and accelerate response times," said Kai Shing Tao, Chief Executive Officer of Remark Holdings.
"We are delighted with the performance of Remark's AI-powered Smart Safety Platform, having seen its benefits during two recent well attended free concerts by the Stone Temple Pilots and Flo Rida" says Mark Reddon, Director of Security for the Fremont Street Experience. "Remark delivered as promised, giving us the analytical insights into crowd count and traffic patterns, allowing us to properly manage our security presence and ensure the safety of the high turnout audience. Having seen its efficacy, we are looking to further deploy Remark's SSP among our other cameras, while supplementing security coverage for live events with Remark's Smart Sentry Units. As we continue with the future 3rd street expansion of the Fremont Street Experience, we are excited about growing our long-term partnership with Remark and look forward to utilizing its full suite of AI products."
About the Fremont Street Experience
The Fremont Street Experience is a five-block entertainment district in historic downtown Las Vegas, Nevada.The centerpiece of the Fremont Street Experience is Viva Vision, the world's largest video screen. The Viva Vision screen is 1,375 feet long, 90 feet wide and is suspended 90 feet above the pedestrian mall below. The screen has 49.3 million LED lights and a 600,000-watt sound system.Viva Vision features free light shows, free, every night of the week. Fremont Street Experience also has an extensive schedule of live concerts and entertainment on three stages.
About Remark Holdings, Inc.
Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated suite of AI solutions that help organizations monitor, understand and act on threats in real-time. Remark consists of an international team of sector experienced professionals that have created award winning video analytics. The company's GDPR-compliant and CCPA-compliant solutions focus on sectors including retail, federal agencies, public safety, hospitality and transportation. With headquarters in Las Vegas, Nevada, USA, operational offices in New York and international offices in London, England.
For more information, please visit the company's website (www.remarkholdings.com).
Forward-Looking Statements
This press release may contain forward-looking statements, including information relating to future events, future financial performance, strategies, expectations, competitive environment and regulations. Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in the future tense, identify forward-looking statements. These statements involve known and unknown risks, uncertainties, and other factors, including those discussed in Part I, Item 1A. Risk Factors in Remark Holdings' Annual Report on Form 10-K and Remark Holdings' other filings with the SEC. Any forward-looking statements reflect Remark Holdings' current views with respect to future events, are based on assumptions, and are subject to risks and uncertainties. Given such uncertainties, you should not place undue reliance on any forward-looking statements, which represent Remark Holdings' estimates and assumptions only as of the date hereof. Except as required by law, Remark Holdings undertakes no obligation to update or revise publicly any forward-looking statements after the date hereof, whether as a result of new information, future events or otherwise.
Company Contacts
Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626-623-2000
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SOURCE Remark Holdings, Inc.
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