Luokung Technology Corp. (LKCO) ("Luokung" or the "Company"), a global leading graphics data processing technology company, a leading interactive location-based services company in China, today announced its strategic cooperation with the National Engineering Research Center for Remote Sensing Applications ("the Engineering Center"), which is China's national level center of scientific research and development, technological innovation and industrialization in the area of remote sensing application. The two parties are pleased to jointly establish a national level "Spatial-temporal Data Research Center" which will allow the parties to access synergies and complementary advantages and achieve further development in the spatial temporal data industry.

Both government and industry users' demand for remote sensing big data is expanding rapidly as the commercialization of remote sensing satellite data and the One-Stop application of this data is now in significant demand in the market. The Engineering Center is supported by the Institute of Remote Sensing and Digital Earth Chinese Academy of Sciences, and it possesses the mega satellite remote sensing data collected from 1986 until now from global satellites (including French SPOT satellite series, the USA Landsat series, the Indian IRS-P6, the European Space Agency ENVISAT-1 and the Canadian RADARSAT series) through the China Remote Sensing Ground Station. Based on its proprietary mega satellite remote sensing data, its strong research strength, scientific achievements and technical applications, Luokung is receiving the full support necessary to realize the scientific research and development, technological innovation and industrialization in the area of remote sensing application. Both parties will cooperate fully and closely to establish the One-Stop application platform for national remote sensing big data.

Based on Luokung's non-slicing technology supported by a series of its proprietary patents, PB (PB: Petabyte) sized image data is allowed to be released in seconds, the actual effect of image data rendered can be presented in real time. Luokung's technology provides a strong performance guarantee and a solid technical foundation for the instant distribution of mega image data and automated lifecycle management.

Both parties will cooperate fully and closely in the domain of spatial-temporal data with respect to their industry resources and R&D achievements in order to build the remote sensing big data application platform to fulfill the market needs. In addition, the two parties will, in collaboration with distribution channels across the nation of high-resolution satellites' remote sensing data, build the industrialized remote sensing cloud service platform, which provides services on combining remote sensing data and subject-information, analytical and processing software, storage and computing equipment, and business application software. The cloud platform, with the remote sensing data service as its core, will make profit from the value-added services. The two parties will also vigorously collaborate to expand the remote sensing industry ecosystem, composed of "data, software, equipment and collaborative services to enable rapid industry service integration, promote on-demand need-based client servicing and profit sharing among service providers, in order to advance the industrialization of the next generation of remote sensing cloud services.