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WiMi Hologram Cloud Inc. reports developments across holographic augmented-reality technology, quantum computing research and semiconductor-related services. The company describes itself as a holographic cloud technology solution provider, with work in AR advertising and entertainment, in-vehicle AR HUD software, 3D holographic pulse LiDAR, head-mounted light-field devices, holographic semiconductors, metaverse AR/VR devices and related cloud software.
Recurring WIMI news centers on releases of hybrid quantum-classical neural networks, quantum convolutional models, feature-mapping methods, text and image classification technologies, and applications of quantum modules in machine-learning architectures. Company updates also include annual Form 20-F announcements, operating expense and profitability commentary, and subsidiary-related capital developments.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI), a leading provider of holographic AR technology, announced FCC certification for its electric vehicle holographic AR product, WiMi HoloAR HUD, allowing entry into the U.S. market. This follows the November 2020 approval of its head-mounted display, WiMi Hologram Soft Light. As demand for holographic AR in the EV sector grows, WiMi plans to develop various solutions, including holographic vehicle devices and software, enhancing safety and driving experiences.
WiMi Hologram Cloud (Nasdaq: WIMI) announced the completion of a registered direct offering, raising approximately US$83.8 million. The offering involved selling 11,173,335 units at US$7.50 per unit, each comprised of one American Depositary Share (ADS) and 0.4 warrants to purchase one ADS at an exercise price of US$8.60. The funds will be allocated for research and development, strategic acquisitions, and other corporate purposes. The transaction was facilitated by FT Global Capital and The Benchmark Company.
WiMi Hologram Cloud has announced a registered direct offering totaling US$83.8 million, consisting of 11,173,335 units priced at US$7.50 per unit. Each unit includes one American Depositary Share (ADS), representing two Class B ordinary shares, and 0.4 warrants for purchasing an ADS at US$8.60 each, valid for two years. The offering is anticipated to close on March 25, 2021, pending customary conditions. FT Global Capital and The Benchmark Company are acting as placement agents. The securities are registered under an effective registration statement with the SEC.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced its acquisition of a patent for an optical holography waveform generation device, enhancing its 3D holographic pulse LiDAR technology. This patent supports WiMi's independent R&D efforts and aims to solidify its technology leadership. The device facilitates various applications in ultrasound, autonomous driving, and medical AR by processing complex waveform signals. WiMi's innovative approach also encompasses a new holographic waveform algorithm to improve the accuracy of 3D holographic data. This advancement is expected to expand the market for 3D holographic pulse LiDAR.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced plans to develop the WiMi HoloPulse LiDAR, a 3D holographic pulse laser device responding to strong market demand. This sensor can detect objects over 200 meters away and captures high-resolution 3D holograms. The LiDAR utilizes MEMS microvibrators for improved performance, with features including dynamic vertical resolution and frame rate adjustments. WiMi aims to integrate the product across various industries such as autonomous driving and medical imaging, enhancing its holographic technology applications.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced a partnership with China Telecom iCartoons to deliver holographic virtual solutions, including social media and education, for the latter's original comic content platform. This collaboration will enhance user experiences through integrated systems for inquiries and payments. WiMi boasts a library of 4,654 proprietary holographic materials across various categories, which will be utilized in this partnership. Also, the company plans to leverage its third-party licensed content to enrich its offerings for iCartoons' users.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced a strategic partnership with China Education Television on March 1, 2021, to enhance educational access through holographic technology. The Dream Classroom program aims to utilize 5G and AI to create immersive online learning experiences for nearly 100 million school teachers and students in rural China. This initiative integrates advanced technologies like holographic projection and mixed reality to enrich education and make global knowledge accessible to children and teens through innovative teaching methods.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) has secured the bid for the second phase of China Mobile's remote interaction holographic project, enhancing its competitive standing in the AR market. The bidding process, which began on February 1, 2021, involved rigorous evaluations, with the results announced on February 10, 2021. With China Mobile being the largest mobile operator in China, this partnership signifies potential growth in WiMi's 5G holographic communication sector. The company aims to leverage advancements in 5G and AR technologies to further its collaborations.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) has announced the launch of its new electric vehicle (EV) holographic AR application, the "WiMi HoloAR HUD." This product aims to meet the increasing demand for AR technology in the rapidly developing EV sector. The HoloAR HUD includes customizable features such as optical processing, voice interaction, and vehicle diagnostics while supporting major services like WeChat and AutoNavi. WiMi plans to further develop EV holographic equipment and software, focusing on integrated solutions for the EV industry.
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