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Thousands of Music Lovers Join the HGC “Go Ahead, Performers!” Music Live

Riding on this huge success, more performers from around the world expected to join the campaign, encouraging youngsters to pursue their dreams

HONG KONG, Jan. 16, 2022 — HGC Global Communications Limited (HGC), a leading fixed-line operator and information and communications technology (ICT) solutions provider, announced the HGC "Go Ahead, Performers!" Music Live was successfully held virtually on 14 January. Various talented musicians and bands took part and delivered stellar performances, demonstrating an extraordinary start for the 2022 campaign.

Local singer Endy Chow
Local singer Endy Chow

In line with HGC’s belief in embracing a new era of diversity for Hong Kong through technology, the event confirmed the value of the branding campaign’s direction to inspire young people to be bold, pursue their dreams and let their uniqueness shine.  

To cope with the latest anti-epidemic measures and ensure the safety of the audience and staff, HGC "Go Ahead, Performers!" Music Live was an all virtual concert, however the performances were all highly enjoyable and just as memorable.

Local singer Endy Chow and the band ToNick were among the evening’s highlights, delighting fans with some of their most popular songs. Joining them for the virtual gig were The Black Sheepee, Wondergarl and Chonotenki who also delivered exciting performances and a vibrant positive energy.

Besides local performers and bands, HGC "Go Ahead, Performers!" Music Live also invited two street performers – Xiaohainan who always perform at Shenzhen, Guangzhou and Tyler Tseng from Tamsui, to perform virtually, sharing their unique music styles and initiating interaction opportunities with the online audience in Hong Kong.

Having set the scene for its upcoming campaign with the online concert, HGC is now even more dedicated to inspiring local youngsters to pursue their dreams, embrace new challenges, and strive for innovation. Support for young people and musicians is more important than ever and in the future, HGC will continue to organize thought-provoking events, inviting performers from around the world, such as London, Manila, Singapore and Bangkok, to cheer up young people and enable them to shine bright on stage.

About HGC Global Communications Limited

HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 23 overseas offices, with business over 5 continents. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. HGC is one of Hong Kong’s largest Wi-Fi service providers, running over 29,000 Wi-Fi hotspots in Hong Kong. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities and transport in North America, Europe and selected fast-growing economies.

To learn more, please visit HGC’s website at: www.hgc.com.hk

 

Abracon’s COO, Tony Roybal, Expands Role as President and Chief Operating Officer


AUSTIN, Texas, Jan. 15, 2022 — Abracon, LLC (Abracon), an industry leader in passive components, is pleased to announce Tony Roybal’s position as the company’s newly appointed President and Chief Operating Officer. Roybal joined Abracon’s executive leadership team in October 2021 and will continue reporting to CEO, Mike Calabria. In his elevated role, Tony will lead the global sales, engineering, and marketing teams.

Tony Roybal, President and COO
Tony Roybal, President and COO

Roybal began his career in 1991 as a Sales Engineer at Hamilton Avnet before spending 25 years in various leadership positions at Motorola Semiconductor and onsemi. Most recently, as the former President of Avnet Americas for the past three and half years, Roybal spearheaded a strategic turnaround and propelled the business to deliver record results.

"Tony’s outstanding track record and leadership skills support his increased responsibility. His strategic outlook and execution are already taking shape and are playing a central role in our future growth plans," said Calabria.

"Since I joined Abracon, I’ve been impressed with the pace of innovation around new products and our commitment to supporting our customers and channel partners around the globe. I look forward to continuing to support the company’s success by focusing on growth initiatives to take the business to the next level," said Roybal.

About Abracon, LLC

Founded in 1992, Abracon, LLC is an industry leader in passive components, providing frequency control & timing devices, RF & antenna, and inductor & connectivity solutions through a global distribution network. Headquartered in Spicewood, Texas, Abracon has sales, engineering, and operations teams around the globe. With service, quality, and technical expertise at the company’s core, Abracon powers the AEL Crystals, Ecliptek, Fox, ILSI, and the ProAnt brands while enabling innovative, connected IoT solutions in markets spanning data communication, transportation, industrial, medical, aerospace, defense and beyond. Learn more at www.abracon.com.

 

vivo Strengthens its Global Presence with User-oriented Innovation and Strategic Partnerships Designed to Inspire Joy

The company wraps up 2021 with six new markets in its global network and milestone achievements across product innovations and brand partnerships

SHENZHEN, China, Jan. 11, 2022 — Global smartphone maker vivo has concluded an exceptional year, redoubling its efforts to deliver exciting new products and experiences to consumers around the world. In 2021, driven by its user-centered innovation strategy, vivo successfully launched cutting-edge devices across its portfolio, notably pushing the boundaries of mobile imaging technology and product design. The company celebrated six new market entries, a significant step in growing its global presence, and remained a top-three company by market share in several key regions.

Throughout the year, vivo took center stage as the sponsor of some of the most-loved international sporting events, joining hands with global partners to foster joyous moments for its customer base across the world.

These are the key milestones that marked vivo’s journey in 2021.

Connecting with Global Consumers and Partners

vivo strengthens its global presence, celebrating six new market entries in 2021
vivo strengthens its global presence, celebrating six new market entries in 2021

In 2021, a total of six new markets joined the vivo global family, as the company officially expanded into Peru, the Czech Republic, Romania, Austria, Serbia, and Mexico. vivo has steadily expanded its global footprint to more than 60 countries and regions, successfully connecting with a wide range of customers through innovative products adapted to diverse consumer needs and budgets. 

vivo maintained its growth momentum throughout 2021, ranking fourth in the global smartphone market with an impressive 10 percent market share in the third quarter, according to Canalys, a leading global technology market analyst firm. Owing to its "More Local, More Global" strategy and tailored offerings, vivo remained a top-three smartphone brand by market share in key overseas markets, including the Philippines, Malaysia, and India.

Under vivo’s product and market localization strategy, the company has established seven production bases (including brand-authorized manufacturing centers) across China, South- and Southeast Asia, and other regions, with an annual production capacity of nearly 200 million smartphones, with product insight teams in nine major regional markets. vivo’s offline retail network has also been expanding with more than 380,000 sales and after-sales service centres globally.

vivo’s dedication to providing a premium user experience has also translated into a significant expansion of its overseas digital ecosystem, reaching over 120 million monthly Appstore activations, 10.7 billion app downloads, and over 100 million vivo browser users.

In addition, vivo has implemented a strategic development plan to manage long-term and mutually beneficial collaboration with international partners. In 2021, vivo realized its strategic partnership with German optics company ZEISS, bringing breakthrough mobile imaging technology to vivo’s flagship smartphones. The strategic collaboration between vivo and ZEISS exemplifies the value of vivo’s strong partnership growth.

Reaching New Milestones in Pushing the Boundaries of Smartphone Innovation

vivo and ZEISS have further advanced the cutting-edge of professional mobile photography throughout 2021 with a single goal in mind – to put photography capabilities, once only accessible to professional photographers, into the hands of regular smartphone users.

Through its partnership with ZEISS, vivo strengthened its efforts in redefining mobile photography by providing users with professional-grade camera technology via the X Series. The first imaging system co-engineered by vivo and ZEISS, debuted on the vivo X60 Series in early 2021. The X60 series integrated vivo’s user-oriented innovation with ZEISS’s outstanding expertise in mobile imaging to deliver on the brand promise of outstanding software and hardware capabilities.

Its successor, the X70 series, launched globally in September, featuring vivo’s V1 imaging chip, which serves to optimize processing power. The X70 series also marked the next chapter in vivo’s global imaging partnership with ZEISS, dedicated to creating the ultimate mobile photography experience. The entire vivo X70 lineup has achieved certified compliance for ZEISS’ T* Coating, which reduces stray light and ghosting effects to capture true colors in all lighting conditions, significantly enhancing low-light photography capabilities. In addition, vivo’s superb Night Mode captures detailed night scenes with a dynamic range, while its top-notch hardware, complemented by vivo’s AI algorithms and software, ensures optimal performance at night.

The launch of X70 series marks the next chapter in vivo's imaging partnership with ZEISS
The launch of X70 series marks the next chapter in vivo’s imaging partnership with ZEISS

In 2021, vivo also further raised the bar for smartphone selfie cameras with the vivo V Series. The V21 lineup set a new standard for smartphone selfie cameras with its unique Optical Image Stabilization (OIS) front camera. At the end of the year, vivo teased the launch of the V23 Series, setting new standards in combining advanced camera technology and premium design with its dual front camera and sleek color-changing design. The vivo V Series provides consumers with an ultra-thin and stylish selection of devices equipped with best-in-class tools, including 5G tech and smart home features, at a competitive price.

vivo’s independent sub-brand iQOO continued to expand its global user segments with a new performance flagship. The iQOO 7 series infused cutting-edge hardware with astounding software capabilities, creating the ultimate mobile gaming and multi-media entertainment experiences. In 2021, the iQOO 7 Legend was awarded the prestigious Red Dot Product Design Award for its unique aesthetic that exudes powerful performance and speed, recognizing the company’s user-centric design philosophy.

Beyond releasing breakthrough products, vivo has contributed greatly to 5G development in overseas markets. This year vivo conducted its first 5G SA commercial network testing outside of China in partnership with AIS, a leading regional mobile communications provider. The collaboration will accelerate commercial 5G SA network deployment in Thailand and bring enhanced high-speed 5G experiences to local mobile users. vivo has been dedicated to investing in 5G connectivity to reach the stage of product realization and getting this technology into the hands of consumers. It goes without saying that 5G can facilitate limitless applications, on both industrial and consumer levels.

Celebrating Moments of Joy and Creativity

vivo's "To Beautiful Moments" campaign encourages fans to capture joy during the UEFA EURO 2020™
vivo’s "To Beautiful Moments" campaign encourages fans to capture joy during the UEFA EURO 2020™

Throughout 2021, vivo partnered with global organizations to support consumer-favorite sporting events and projects that inspired creativity and joy following a tough year.

As part of its long-term commitment to Europe, vivo joined UEFA as the first-ever presenting partner of the UEFA EURO 2020TM opening and closing ceremonies, in which vivo showcased its user-oriented innovations in front of millions of global spectators. Before the tournament, vivo debuted its "To Beautiful Moments" campaign, encouraging fans to capture their cheers and joy during the games.

The company continued to support sporting events, becoming the exclusive smartphone sponsor of FIFA Arab Cup Qatar 2021TM and connecting with football fans worldwide. The Middle East is a market of critical importance for vivo, constituting an incredible opportunity to engage with local customers in the region.

One of vivo’s highlights of this past year was the VISION+ Mobile PhotoAwards 2021, launched in partnership with National Geographic. The global smartphone photography competition received over 384,878 photo entries from over 40 countries. As a pioneer and innovator in mobile imaging, vivo aims to encourage users to embrace their creativity and accelerate the development and recognition of mobile photography. The VISION+ Mobile PhotoAwards were developed within the larger ecosystem of the VISION+ Project. This initiative fosters the joint creation of images, public education, and the exploration of aesthetics.

Speaking at the vivo 2021 Developer Conference, Senior Vice President of vivo Shi Yujian pointed out that: "2021 is the year for vivo to bring out essential changes, as we are transforming ourselves from a creator of quality products to a creator of revolutionary products underpinned by technological advancement and our design philosophy." Based on the understanding and insight of users and society, vivo will continue to devote itself to technological innovation, creating great products driven by design, while pushing the boundaries of mobile imaging. vivo will continue to grow alongside its consumers, designing technologically advanced and creatively superior products that satisfy the needs of its diverse user base.

About vivo

vivo is a technology company that creates great products based on a design-driven value, with smart devices and intelligent services as its core. The company aims to build a bridge between humans and the digital world. Through unique creativity, vivo provides users with an increasingly convenient mobile and digital life. Following the company’s core values, which include Benfen*, design-driven and user orientation, vivo has implemented a sustainable development strategy, with the vision of becoming a healthier, longer-lasting world-class corporation.

While recruiting and developing the best local talents, vivo is supported by a network of 10 R&D centers in Shenzhen, Dongguan, Nanjing, Beijing, Hangzhou, Shanghai, Xi’an, Taipei, Tokyo and San Diego, focusing on the development of state-of-the-art consumer technologies, including 5G, artificial intelligence, industrial design, photography and other up-and-coming technologies. vivo has also set-up five production hubs (including brand authorized manufacturing center), across China, South- and Southeast Asia, with an annual production capacity of nearly 200 million smartphones. As of now, vivo has branched out its sales network across more than 50 countries and regions, and is loved by more than 400 million users worldwide.

*"Benfen" is a term describing the attitude on doing the right things and doing things right – which is the ideal description of vivo’s mission to build technology for good.

Please stay informed of vivo’s news at https://www.vivo.com/en/about-vivo/news

Greater China to Dominate the Asia-Pacific Enterprise Video Conferencing Market by 2027, Finds Frost & Sullivan

The surge in demand in Greater China during the COVID-19 lockdowns helped offset a decline and boost the overall revenues

SAN ANTONIO, Jan. 10, 2022 — The COVID-19 crisis has changed the organizational perspective about remote work and learning and the critical role video conferencing plays in enabling remote collaboration. Though the COVID-19 pandemic continues to hamper economic activities worldwide, the overall investments across the region, especially in China, contributed to a strong performance. The global enterprise video conferencing endpoints and infrastructure market is projected to reach $1.46 billion in 2027, up from $864.4 million in 2020, at a compound annual growth rate of 7.8%.

Greater China to Dominate the Asia-Pacific Enterprise Video Conferencing Market by 2027, Finds Frost & Sullivan
Greater China to Dominate the Asia-Pacific Enterprise Video Conferencing Market by 2027, Finds Frost & Sullivan

For further information on this Asia-Pacific Video Conferencing Endpoints and Infrastructure Market Analysis, Forecast to 2027, please visit: https://frost.ly/6vy

"While the economic contractions led to delays in project rollouts and restricted the growth in most markets, the surge in demand in Greater China during the COVID-19 lockdowns partially offset the decline and helped boost Asia-Pacific’s overall revenue growth," noted Youngso Lee, Senior Research Analyst, ICT at Frost & Sullivan. "Due to the strict virus containment measures and significant government support in the form of fiscal policies and financial aid, many large enterprises in China adopted video conferencing."

Lee added, "In addition to China, the addressable market in Asia-Pacific is expanding with the availability of superior broadband infrastructure extending high-quality network coverage to rural areas. Overall, the use of video conferencing to redefine business models in education, healthcare, and government is becoming a best practice for late adopters in emerging and developing countries in Asia-Pacific."

To tap into the opportunities presented in the market, participants should consider:

  • Enabling a seamless meeting experience for users across a variety of work environments as remote work and virtual meetings become more common.
  • Delivering an integrated platform to reduce complexity and alleviate certain solution management challenges, enabling greater adoption across more businesses and more users within enterprises with existing deployments.
  • Exploring new use cases in education and healthcare, such as virtual classes and using A/V for digital healthcare through vertical-centric channel partners.
  • Highlighting the benefits of using advanced planning and management software to emphasize customized deployment as opposed to a one-size-fits-all approach.
  • Capitalizing on Device-as-a-Service and allowing the IT team to concentrate on other strategic digital transformation projects in their organizations.

Asia-Pacific Video Conferencing Endpoints and Infrastructure Market Analysis, Forecast to 2027 is the latest addition to Frost & Sullivan’s Information & Communications Technologies research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success. Contact us: Start the discussion.

Asia-Pacific Video Conferencing Endpoints and Infrastructure Market Analysis, Forecast to 2027

PBD3

Contact:

Melissa Tan
Corporate Communications
T: +65 6890 0926
E: melissa.tan@frost.com
http://www.frost.com

SK Telecom, SK Square and SK hynix Launch ‘SK ICT Alliance’ for Synergies

LAS VEGAS, Jan. 9, 2022 — At CES 2022, SK Telecom, SK Square and SK hynix announced the launch of the ‘SK ICT Alliance’ to jointly develop and invest in ICT convergence technologies, and create global market opportunities. 

Park Jung-ho, Vice Chairman and CEO of SK Square and SK hynix
Park Jung-ho, Vice Chairman and CEO of SK Square and SK hynix

The alliance comes as SK hynix celebrates the tenth year since joining the SK Group and SK Square successfully spun off from SK Telecom, marking the beginning of a new era of synergies between semiconductor, telecommunication and investment. 

Ryu young-sang, CEO of SK Telecom
Ryu young-sang, CEO of SK Telecom

With the aim to secure global competitiveness in diverse ICT areas such as semiconductors, 5G and AI, the three companies plan to carry out joint business activities in the global market by leveraging SK Square’s innovative investment, SK Telecom’s AI and 5G technologies and SK hynix’s  future semiconductor technologies.

Lee Seok-Hee, CEO of SK hynix
Lee Seok-Hee, CEO of SK hynix

From January 2022, the three companies will operate ‘Synergy Council’ chaired by Vice Chairman Park Jung-ho, and joined by Ryu Young-sang, CEO of SK Telecom, and Lee Seok-Hee, CEO of SK hynix. The Synergy Council will be the highest decision making body, where the executives discuss R&D cooperation and joint investments in semiconductor and ICT areas, and promote global market expansion. 

  • Increasing the presence of SK Telecom’s self-developed AI semiconductor SAPEON

SK Telecom, SK Square and SK hynix will first create synergies in introducing SK Telecom’s AI chip SAPEON* to the global market. The three companies will jointly invest to establish SAPEON Inc. in the U.S. and make inroads into the global AI semiconductor market. 

* SAPEON is SK Telecom’s self-developed AI chip launched in November 2020. Although it is about half the price of a Graphics Processing Unit (GPU), its deep learning computation speed is 1.5 times faster and it uses 20% less power than GPU.

SK Telecom plans to lead the development of SAPEON-related technologies by leveraging its R&D capabilities and service experience accumulated in 5G and AI. In the mid-to long-term, the company will expand its SAPEON model lineup by developing AI chips dedicated to data centers and autonomous driving. 

SK Telecom, SK Square and SK hynix Launch 'SK ICT Alliance' for Synergies
SK Telecom, SK Square and SK hynix Launch ‘SK ICT Alliance’ for Synergies

SK Telecom will also promote synergies between its AI semiconductor and SK hynix’s semiconductor memory technologies, while also attracting strategic and financial investors in cooperation with SK Square. 

SAPEON Inc. will serve as an outpost for expanding the AI semiconductor business to the global market by attracting U.S.-based big tech companies as major clients. It will also secure an edge in luring semiconductor development experts and drawing in outside investors. Moreover, as the subsidiary of SAPEON Inc., SAPEON Korea will take charge of business in Korea and the Asian region. 

Projecting that the convergence of AI and metaverse will define the future world of ICT, SK Telecom plans to innovate its three key services, T Universe, Ifland and AI Agent, in an accelerated manner. Moreover, it will also introduce new services by adding connected intelligence to future devices such as UAM aircrafts, self-driving cars and robots. 

"By proactively responding to changes taking place in the areas of AI, metaverse and 5G, we will prepare ourselves for the next decade," said Ryu Young-sang, CEO of SK Telecom.   

  • Creating an ICT investment capital of over KRW 1 trillion

SK Telecom, SK Square and SK hynix plan to establish a base to make investments overseas this year and attract investment from overseas financial investors to create and operate a total investment capital of over KRW 1 trillion. Detailed discussions on investments are already underway with prominent global investors.

With this investment capital, the three companies will actively invest in companies with innovative technologies such as AI, metaverse, block chain and semiconductors. 

Through these investment activities, they will be able to stay ahead of the convergence trend within the ICT industry and discover unicorns that can change the industrial landscape, which will lead to valuable business synergies. 

SK Telecom and SK hynix will be able to strengthen business partnerships with the companies they invested in or even secure an advantage in the acquisition of these companies in the future. SK Square expects to build a good track record as an investment company, while increasing its corporate value. 

According to market research company Mergermarket, the size of the global buyout market reached around KRW 1,400 trillion (USD 1.172 trillion) in 2021, increasing by about twofold from the previous year. Industries are being rapidly reorganized via M&As between global companies, and those that fail to keep up with this trend are left behind the competition. 

  • SK hynix to increase its global market presence through ‘Inside America’ strategy

SK hynix aims to become a top global tech company that leads the rapidly changing ICT industry.

Recently, the semiconductor market is witnessing more diversified demand from sectors like AI, autonomous driving and metaverse, and pluralization is taking place within the system architecture field like CPU, GPU and MPU. Since the existing law of competition no longer applies to this market, it is imperative for companies to develop new business models and technologies to remain competitive. 

With the acquisition of Intel’s NAND and SSD business, SK hynix is now fully set to strengthen the competitiveness of its NAND flash business. The company also aims to break away from its existing role as a semiconductor supplier and become a company that leads future technologies along with global ICT companies. 

Moreover, SK hynix will carry out its ‘Inside America’ strategy in the U.S., world’s largest ICT market and battlefield, to enhance its business competitiveness and expand into new partnerships. It will also establish a new business unit and R&D center in the U.S. Based on SK hynix’s competitiveness, the three companies expect to strengthen their collaboration with global ICT companies.

"SK hynix will take a leap to become a top-notch global tech company by offering more innovative technologies and products, and creating value for the society and humanity," said Lee Seok-Hee, CEO of SK hynix. 

Meanwhile, SK Square plans to accelerate the creation of synergies among the three companies by making innovative investments. In response to SK hynix’s moves towards global market expansion and new technology development, SK Square will make joint investments in the semiconductor ecosystem. In parallel, it will increase its investment in platforms that will drive future innovations such as metaverse and blockchain.

SK Square will also enter the new global block chain market by leveraging Korbit, a virtual asset exchange it recently invested in, and build a blockchain-based economic system in collaboration with SK Telecom’s metaverse platform Ifland.

"This year, the SK ICT Alliance will join forces to achieve new innovations and make a big leap forward in the global market," said Park Jung-ho, Vice Chairman and CEO of SK Square and SK hynix. "As leading players in the global semiconductor and ICT industries, we will also make best efforts to contribute to the Korean economy."  

About SK Telecom

SK Telecom (NYSE:SKM) is Korea’s leading ICT company, driving innovations in fixed & wireless telecommunications, AI service, and digital infrastructure service. Armed with cutting-edge ICT including AI and 5G, the company is ushering in a new level of convergence to deliver unprecedented value to customers. As the global 5G pioneer, SKT is committed to realizing the full potential of 5G through ground-breaking services that can improve people’s lives, transform businesses, and lead to a better society.

SKT boasts unrivaled leadership in the Korean mobile market with over 30 million subscribers, which account for nearly 50 percent of the market. 

For more information, please contact skt_press@sk.com or visit our LinkedIn page www.linkedin.com/company/sk-telecom.

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips ("DRAM"), Flash memory chips ("NAND Flash") and CMOS Image Sensors ("CIS") for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK hynix is available at www.skhynix.comnews.skhynix.com.

Luokung Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

BEIJING, Jan. 7, 2022 /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 ("LBS") and high-definition maps ("HD Maps") in China, today announced that it has received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), which require that the closing bid price for the Company’s ordinary shares listed on Nasdaq be maintained at a minimum of US$1.00 and failure to maintain it for 30 consecutive trading days constitutes a compliance deficiency.

The notification has no immediate effect on the listing of the Company’s ordinary shares on Nasdaq.

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from the date of notification, or until July 5, 2022, to regain compliance with the minimum bid price requirement, during which time the Company’s ordinary shares will continue to trade on the Nasdaq Capital Market. If at any time before July 5, 2022, the bid price of the Company’s ordinary shares closes at or above US$1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the minimum bid price requirement. In the event the Company does not regain compliance by July 5, 2022, the Company may be eligible for additional time to regain compliance or may be delisted from Nasdaq.

The Company intends to monitor the closing bid price of its ordinary shares and may consider options that may be available to achieve compliance, including, but not limited to, implementing a reverse share split of its outstanding ordinary shares at the end of the first or second compliance period, as the situation applies.

About Luokung Technology Corp.

Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China. Backed by its proprietary technologies and expertise in HD Maps and multi-sourced intelligent spatial-temporal big data, Luokung established city-level and industry-level holographic spatial-temporal digital twin systems and actively serves industries including smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral and environmental protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue ,among others). The Company routinely provides important updates on its website: https://www.luokung.com.

CAUTIONARY STATEMENT 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 other than statements of historical fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "might", "plan", "probable", "potential", "should", "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination and analysis of the existing law, rules and regulations and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you the statement herein will be accurate. As a result, you are cautioned not to rely on any forward-looking statements.

CONTACT:

The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-6506-5217
Email: ir@luokung.com

Investor Relations:
Ms. Carolyne Sohn
Vice President
The Equity Group Inc.
Tel: 415-568-2255
Email: csohn@equityny.com

The first 6G AI Competition has been launched by OPPO

BEIJING, Jan. 8, 2022 — OPPO, the world’s leading smart device manufacturers and innovators, officially launched the first 6G AI Competition on December 24, 2021 (Beijing time) on DataFountain (a leading Big Data & AI competition platform).

The deep integration of wireless communication and artificial intelligence (AI) has become an important direction for the construction of future wireless communication systems. At present, many researches with good results on AI solutions for specific modularization problems of 5G wireless communication systems have been carried out in academia and industry. At the same time, with the evolution from 5G to 6G, researchers have once again obtained the opportunity to ponder, define and build a new generation of wireless communication systems. In this process, many constraints in current system can be relaxed, and the direction and depth of the integration for 6G and AI can further be expanded.

Based on the above background, OPPO launched the "6G AI Competition", which aims to combine the strengths of all parties and the promotion of the competition to systematically and comprehensively study the impact of AI on the future wireless communication system and the solutions for key issues. In the first stage of the competition design, from the perspective of methodological innovation, they introduce some common problems that AI-based solutions need to face, and will comprehensively promote the technological breakthrough and industrial landing of smart 6G.

The competition is open to all the people around the world, regardless of age or nationality. All colleges and universities, scientific research institutions, enterprises, maker teams, individuals, etc. can log on to the official website to register for the competition.

Competition Task:
Task Name: AI based Channel Modeling and Generating
The task considers utilizing AI based method to realize the big set of wireless channel data generation which is seeded from a small set of real channel data. The similarity and diversity of the generated data are jointly used to perform the evaluation.

Competition Time
24th December, 2021 – 11th March, 2022

Bonus
Golden Prize: 300,000 RMB for 1 team
Silver Prize: 50,000 RMB (per team) for 2 teams
Bronze Prize: 20,000 RMB (per team) for 3 teams
Winning Prize: 10,000 RMB (per team) for 4 teams

Official Competition website:
https://www.datafountain.cn/competitions/557?lang=en-US&utm source=US 
Click here to learn more and sign up.

Tuya Smart at CES 2022: IoT Security Products in Spotlight as COVID-19 Spurs Global Demand for IoT

LAS VEGAS, Jan. 7, 2022As a leader in the IoT sector, global IoT development platform service provider Tuya Smart (NYSE: TUYA) is also showcasing a number of brand-new security-related products and solutions at CES 2022. These offerings aim not only help developers launch products with high efficiency, but also reduce their worries about product safety.

Two years on from the beginning of the COVID-19 pandemic, CES 2022 is coming back to Las Vegas in person, enabled by heightened safety measures adopted by the event organizers. In the face of the continued pandemic, technology firms, industry experts and journalists are all coming together both online and offline to a different tech landscape, forever changed by COVID-19.

One of the major impacts of the pandemic on IoT and smart devices has been the rise of global network security issues, that have been further amplified by consumer needs and behaviors during the pandemic. According to a 2021 report from IoT Analytics, the number of connected IoT devices are expected to hit 12.3 billion active endpoints globally by the end of 2021 and grow to over 27 billion IoT connections by 2025. Coupled with increased remote work after the onset of the COVID-19 pandemic, consumers are more exposed than ever to online attacks. According to Akamai’s annual state of the internet security report, remote work and increased connectivity contributed to a spike in cyber-attacks, while web application attacks tripled in 2021, from what was already a record year in 2020.

At this year’s CES, network security has become a topic of concern for all major players in the industry. Among the issues, IoT security has risen a key focus for many manufacturers, developers and suppliers to exhibit their forward-looking vision and R&D capabilities, as there are particular challenges for IoT that differ from those of traditional network security. Throughout CES, posters and videos promoting network security solutions can abound and security-related hardware products are in pride of place at many booths.


At Tuya Smart’s CES booth, the company’s new IoT security module WBR3N, exhibited in physical form and available for virtual tour online, has drawn the attention of many journalists and industry professionals. This industry-leading security module is the first IoT module of its kind with a built-in secure element (SE) to hold a Common Criteria (CC) EAL6+ certificate.

Commanding comprehensively robust security guarantee, the module realizes mutual certificate authentication and device activation authentication between the device and the cloud, in addition to the Elliptical Curve Cryptography (ECC) security certificate and device certification information that is built into the Squeeze-and-Excitation (SE) block during the production process. In terms of communication, WBR3N uses TLS1.2 two-way strong verified communication based on security authentication, which represents the highest level of communication security in the industry.

In terms of security protection of device data, WBR3N uses built-in independent SE to execute the data encryption and decryption process, therefore fully safeguarding data security. At the same time, the module provides SE-based independent physical security storage, and has a built-in root of trust (RoT), through which storage is performed. The core codes also enjoy protection by the built-in SE, while OTA ensures process safety through a secure communication process and firmware verification.

Overall, WBR3N comes with multiple logical and physical protection layers such as metal shielding, end-to-end encryption, memory encryption, and tampering detection, able to effectively fend off various advanced attack methods such as power analysis and fault attack.

Aside from enhanced hardware security capabilities, Tuya Smart has also announced the release of Tuya Sage, an IoT security operation platform, at CES 2022. The solution is designed to help developers identify and eliminate potential security risks of the IoT system, and ensure security and compliance during system operations.

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Shared security responsibility is the fundamental principle of IoT security. Shared security means that cloud providers are responsible for protecting cloud security, while developers are responsible for the security of the applications, data, and resources that use and access the cloud. In practice, many developers lack a holistic sense of the security and compliance status of global smart terminals, a challenge that industry experts are looking for solutions to address.

With Tuya Sage, developers have an oversight of all protected devices, including their basic security information and risk status. Once a device encounters an attack, the developer can complete the risk interception in just one click. Through real-time threat intelligence, Tuya Sage is able to identify local vulnerabilities in smart terminals in a timely and effective manner, allowing developers to fully understand the security and privacy compliance status of the terminal, as well as whether there is any non-compliant user data flow so that it can be rapidly addressed.

In recent years, Tuya Smart has spared no effort in advancing platform and technology-related security and compliance, and proactively conducting third-party data security certifications to meet the varying security needs of customers around the globe. This unique ability to meet the varying security needs of customers around the world puts Tuya Smart in a unique position as a leading global IoT development platform service provider.


According to the public information, Tuya Smart has obtained a number of third-party data security certifications, including BSI’s ISO27001 standard for information security system, ISO27017 standard for cloud security management system, ISO27701 standard for cloud platform privacy and security, and the CSA STAR cloud security certification. In terms of regional compliance, Tuya Smart has passed Ernst & Young’s SOC 2 Audit as well as TrustArc’s GDPR and CCPA’s regional compliance validation. The company is also a recipient and member of TrustArc’s Enterprise Privacy Certificate (EPC).

When it comes to product safety standards, Tuya Smart has passed TÜV SÜD’s EU ETSI standard for cybersecurity in IoT, as well as the ioXt Alliance’s hardware safety certification in 2021. The company has also been partnering with Rapid7, wizlynx group, ScienceSoft, UnderDefense and Kaspersky to vigorously carrying out tests of platform service security.

In the long list, names like TrustArc and Ernst & Young are regarded as the most credible third-party organizations in validating or auditing security and compliance. With the proactive approach to certification and security cooperation, it is safe to say that Tuya Smart is a firm that attaches the greatest importance to safety and compliance.

At this year’s CES, manufacturers, developers and suppliers are all eager to present fresh electronics. But as consumers look to new electronics to bring into their homes, one of the features they will increasingly look for is trust and security assurance. It cannot be ignored that security is the guardian and foundation for all software and hardware products. This year the new offerings from Tuya Smart are a solid contribution to security for the IoT industry.

About Tuya Smart

Tuya Smart (NYSE: TUYA) is a leading technology company focused on making our lives smarter. Tuya does this through offering a cloud platform that connects a range of devices via the IoT. By building interconnectivity standards, Tuya bridges the intelligent needs of brands, OEMs, developers, and retail chains across a broad range of smart devices and industries. Tuya solutions empower partners and customers by improving the value of their products while making consumers’ lives more convenient through the application of technology. Through its growing commercial SaaS business, Tuya offers intelligent business solutions for a wide range of verticals. The Company’s platform is backed by industry-leading technology complete with rigorous data protection and security. Tuya partners with leading Fortune 500 companies from around the world to make things smarter, including Philips, Schneider Electric, Lenovo and many others.

Hyundai Motor and Unity Partner to Build Meta-Factory Accelerating Intelligent Manufacturing Innovation

  • Partnership to support Hyundai’s vision of becoming a smart mobility solutions provider for an entirely new digital ecosystem
  • Metaverse-based digital-twin factory to optimize plant operation and allow virtual problem solving
  • HMGICS innovation hub, which will be completed at the end of 2022, to be the first facility to implement Hyundai’s Meta-Factory concept

LAS VEGAS and SEOUL, South Korea, Jan. 7, 2022 — Hyundai Motor Company, the global mobility innovator, and Unity (NYSE: U), the world’s leading platform for creating and operating real-time 3D (RT3D) content, today announced at CES 2022 a partnership to jointly design and build a new metaverse roadmap and platform for Meta-Factory.

Hyundai Motor Company, the global mobility innovator, and Unity (NYSE: U), the world’s leading platform for creating and operating real-time 3D (RT3D) content, today announced at CES 2022 a partnership to jointly design and build a new metaverse roadmap and platform for Meta-Factory.
Hyundai Motor Company, the global mobility innovator, and Unity (NYSE: U), the world’s leading platform for creating and operating real-time 3D (RT3D) content, today announced at CES 2022 a partnership to jointly design and build a new metaverse roadmap and platform for Meta-Factory.

The companies held a virtual MOU signing ceremony with Youngcho Chi, President and Chief Innovation Officer of Hyundai Motor Group, Hong Bum Jung, Senior Vice President and CEO of Hyundai Motor Global Innovation Center in Singapore (HMGICS), Jules Shumaker, Senior Vice President, Revenue, Create Solutions, Unity and Dave Rhodes, Senior Vice President of Digital Twin, Unity, participating.

Through this MOU, Unity becomes a strategic partner to Hyundai, supporting its vision of becoming the leader in future mobility solutions. The MOU pertains to the fields of smart manufacturing, AI training and study as well as autonomous driving simulation.

Hyundai Motor Company, the global mobility innovator, and Unity (NYSE: U), the world’s leading platform for creating and operating real-time 3D (RT3D) content, today announced at CES 2022 a partnership to jointly design and build a new metaverse roadmap and platform for Meta-Factory.
Hyundai Motor Company, the global mobility innovator, and Unity (NYSE: U), the world’s leading platform for creating and operating real-time 3D (RT3D) content, today announced at CES 2022 a partnership to jointly design and build a new metaverse roadmap and platform for Meta-Factory.

The partnership will realize Hyundai’s vision of becoming the first mobility innovator to build a Meta-Factory concept, a digital-twin of an actual factory, supported by a metaverse platform. The Meta-Factory will allow Hyundai to test-run a factory virtually in order to calculate the optimized plant operation, and enable plant managers to solve problems without having to physically visit the plant.

Hyundai plans to first apply the Meta-Factory concept to the HMGICS facility, supporting the Group’s initiative to create an open innovation hub for research and development.

"HMGICS will become a manufacturing innovation "game changer" through this world class Meta-Factory collaboration", said President Chi, "And HMGICS will lead the future innovation by introducing various technologies that will transform mobility paradigm through human-centered value chain innovation."

"Real-time digital twins will permanently change how we live, work, shop and make a positive impact on our planet, representing a significant component of what is often referred to as the metaverse," said John Riccitiello, Chief Executive Officer (CEO), Unity. "Hyundai’s vision for the future, including the digital twin of factory operations, represents a significant technological step forward in manufacturing with unlimited potential in its efficiency."

For more information about Hyundai and Unitiy’s partnership, please visit: globalpr.hyundai.com

Thundercomm Launches New Edge Products at CES 2022

LAS VEGAS, Jan. 6, 2022 — Thundercomm, the world-leading IoT product and solution provider, enriched its existing edge computing product and solution line-ups today, with three latest strategic products: Edge AI Box EB2, EB6, and ModelFarm, to empower customers worldwide to realize their digitalization and intellectualization.

Thundercomm EBX family born for edge computing

Thundercomm EBX Edge AI Boxes are designed for diversified edge computing demands from varied vertical fields. To maintain the strong momentum brought by the launch of EB5, which has been wildly applied in various scenarios such as smart city, smart factory, smart building, Thundercomm introduces two more Edge AI Box: EB2 and EB6 for different market segments.

Thundercomm EB2 Edge AI box features cost-effectiveness, and can deliver 1.7 TOPS AI capability with up to 6 channels FHD video processing capability. Its industrial quality, compact size, fan-less design and plentiful interface, make it fit well into complex and harsh working environments and can be applied to many industrial and business fields such as digital signage, smart access, shortage detection, people counting as well as some smart scenarios including smart building and smart retail. Besides, the built-in OSware.Edge framework enables EB2 to connect with various devices, such as cameras, NVRs, access control easily, and achieve remote upgrade of firmware, algorithms and applications efficiently through the synergy among devices, edge and clouds.

Thundercomm EB6 Edge AI box, maintaining all the advantages from EB2, has dramatically improved its AI capability. On the basis of its own 15TOPS, EB6 can achieve up to 70 TOPS with an external accelerator card, which can meet all demands from high-frequency and fast AI analysis scenarios including medical image analysis, radar-vision fusion computing in the scene of vehicle-road collaboration and the standardized operating process analysis in factory.

What’s more, Thundercomm EBX family supports the leading cloud platforms, including AWS IoT Greengrass, Microsoft Azure, Alibaba Cloud etc. This not only makes it possible to simplify the edge intelligence, but also accelerates the industrial digital transformation.

ModelFarm, one-stop AI training platform

ModelFarm is a one-stop AI training platform for industrial customers. It provides comprehensive AI model lifecycle management and services, covering data management, data labeling, model training evaluation, online testing, and model downloading. ModelFarm effectively supports intelligent data analysis scenarios and empowers customers to realize the AI upgrading and digital transformation.

ModelFarm is easy to use, and its no-code development feature accelerates the model training. The ModelFarm system comes with at least 50 pre-trained models for customers to choose from, or to adjust the parameter configuration according to the actual application. All the ModelFarm models have version backtracking and reuse functions on board. In addition, ModelFarm also supports privatized deployment and multiple engine frameworks such as TFLite, SNPE, TensorRT, and OpenVINO.

Industry analysts predicted that 75% of data created in 2023 will be outside of data center and more than 50% of those data will be processed, stored and analyzed at the edge that is closer to the data to deliver the right latency, bandwidth, reliability, security and privacy for a wide variety of uses in many markets.

Thundercomm has long been committed to the development of edge computing, and devoted to providing global customers the comprehensive technologies and solutions covering cloud, edge, ends and applications, including EBX Edge AI Boxes for high performance computing, OSware.edge for IoT management, IoT Harbor for cloud management, ModelFarm algorithms store, as well as cameras, SDK, algorithms and solutions.

To explore more intelligent technologies and solutions presented by Thundercomm, please visit the pavilion at #6955 in West Hall, LVCC, from January 5 to 7.

About Thundercomm

Thundercomm, headquartered in San Diego, is a joint venture between ThunderSoft and Qualcomm. Thundercomm was established to accelerate innovation in the Internet of Things and automotive industry, providing one-stop solutions powered by Qualcomm Technologies. Through its capabilities in operating systems including Android, Linux, and others, abroad software and on-device AI technology portfolio acquired from ThunderSoft, and a global sales and support network, Thundercomm is a valuable and trusted partner to global customers aiming to build high-quality, next-generation products and shorten time-to-commercialization. Learn more at www.thundercomm.com