Welcome to our dedicated page for Luokung Technology news (Ticker: LKCO), a resource for investors and traders seeking the latest updates and insights on Luokung Technology stock.
Luokung Technology Corp (LKCO) provides cutting-edge spatial-temporal intelligent services powering smart city infrastructure and high-precision mapping solutions. This page serves as the definitive source for verified news and official announcements related to LKCO's technological advancements and strategic initiatives.
Access real-time updates on the company's developments in location-based services (LBS), digital twin implementations, and partnerships across transportation, urban planning, and environmental sectors. Investors and industry professionals will find curated coverage of earnings reports, product launches, and operational milestones that demonstrate LKCO's role in shaping spatial data ecosystems.
Key news categories include innovations in autonomous driving infrastructure, smart highway systems, environmental monitoring solutions, and government collaborations. All content is rigorously verified to ensure accuracy and relevance for stakeholders tracking the convergence of big data and physical infrastructure.
Bookmark this page for streamlined access to LKCO's evolving position in spatial analytics. Check back regularly for authoritative updates on how the company's holographic mapping technologies are redefining industry standards across multiple sectors.
Luokung Technology Corp. (NASDAQ: LKCO), a leader in Spatial-Temporal intelligent big data services, has signed contracts for autonomous-driving data services in China with a leading global auto manufacturer and a European auto parts supplier. These contracts signify Luokung's commitment to expanding its role in the automotive data sector. CEO Xuesong Song emphasized the company's goal of cultivating relationships with multiple automobile manufacturers to enhance autonomous-vehicle capabilities. The partnerships are expected to validate Luokung's technological strengths in data services.
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.
Luokung Technology Corp. (NASDAQ: LKCO) announced that its subsidiary, eMapgo Technologies, has secured a contract for the Changjiu Expressway smart highway project in Jiangxi Province, China. This project will involve the development of a 3D digital management system, enhancing traffic control and supporting smart transportation features such as lane navigation and V2X technology. The CEO expressed confidence that this project will positively impact the company's future business prospects in smart transportation.
Luokung Technology Corp. (NASDAQ: LKCO) announced that the U.S. Department of Defense has removed its designation as a Communist Chinese Military Company. This change means that Luokung is no longer subject to restrictions under Executive Order 13959. The company will also be re-included in the FTSE GEIS (Micro Cap) index on June 21, 2021. The CEO expressed optimism about the future growth of Luokung's spatial-temporal technology, particularly in the autonomous applications sector, and highlighted the strategic acquisition of eMapgo Technologies.
Luokung Technology Corp. (NASDAQ: LKCO) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the U.S. Securities and Exchange Commission (SEC). The report is available on the SEC's website. Shareholders can request a hard copy of the report free of charge by contacting the company's investor relations representatives.
Luokung specializes in interactive location-based services and big data processing technology, offering integrated data services aimed at supporting smart cities and industries.
Luokung Technology Corp. (NASDAQ: LKCO) announced that the U.S. District Court for the District of Columbia granted its motion for a preliminary injunction. This ruling prevents the Department of Defense from designating Luokung as a Communist Chinese military company under Executive Order 13959. Following the court's decision, Nasdaq has withdrawn its delisting letter, allowing Luokung's shares to continue trading on the NASDAQ. CEO Xuesong Song expressed gratitude for this prompt action, which protects shareholder interests.
Luokung Technology Corp. (NASDAQ: LKCO) announced that the United States District Court for the District of Columbia granted its motion for a preliminary injunction. This ruling prevents the Department of Defense and other government officials from enforcing restrictions on Luokung's operations related to its designation as a Community Chinese military company. As a result, Luokung is optimistic about its future and has contacted Nasdaq to reconsider its previous delisting decision. The company aims to reassure shareholders regarding its operational capabilities.
Luokung Technology Corp. (NASDAQ: LKCO) announced it has regained compliance with the Nasdaq Capital Market's minimum bid price requirement. As of April 8, 2021, the company's ordinary shares closed at or above the $1.00 minimum bid price for 20 consecutive business days, starting from March 11, 2021. The Nasdaq has confirmed that Luokung has complied with Rule 5550(a)(2), marking the matter as closed. This compliance reflects positively on the company's stock standing and may boost investor confidence moving forward.
Luokung Technology Corp. (NASDAQ: LKCO) has successfully acquired eMapgo Technologies, a prominent provider of navigation and electronic map services in China. This acquisition follows Luokung's recent financing, yielding gross proceeds of $120 million. eMapgo holds approximately 24% of China's in-dash navigation market share and possesses extensive geographic data with over 9 million kilometers mapped. The integration of eMapgo's capabilities with Luokung's big data technology aims to enhance services in autonomous driving and smart transportation, establishing a competitive edge in the market.
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