Luokung Signs Agreement for its First Intelligent Networking Vehicle/Ship Autonomous Driving Project, Marking its Entry into the Intelligent Shipping and Land Transportation Market

 BEIJING, July 25, 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 signed an agreement with the government of Jiujiang District, Wuhu City in Anhui Province for an intelligent networking based vehicle/ship autonomous driving project. Hongdajiutong Technology Development Co.,Ltd.("HDtraffic"), an affiliate of Luokung, is providing comprehensive implementation and commercial promotion for the project, which marks a significant initial step in the Company's active expansion into the new market of intelligent shipping and land transportation that is expected to generate ongoing income for the Company.