Luokung Technology Corp., one of the global leading spatial-temporal big-data processing technology companies, a leading interactive location-based services company in China, today has announced eMapgo Technologies Co., Ltd. (“EMG”) successfully bid for the Beidou high-precision digital map integration construction and application project, which was initiated by the Chinese Aero Natural Resources Survey and Remote Sensing Center.
Luokung has engaged in a share purchase agreement to acquire 100% of EMG and announced that the two parties are currently in the process of closing the transaction.
As the only contractor of the project, EMG dedicates its professional technologies and leading advantages in digital map navigation to assisting the Chinese Aero Natural Resources Survey and Remote Sensing Center to build the high-precision digital map database in sub-meter level, lane-level navigation application platform and to develop thousands of lane-level navigation application terminals. This project will provide high-precision digital map demonstration services in internet of vehicles, internet travel, logistics and transportation, automatic driving, and urban transportation.
The project is a national-level demonstration project for Beidou in high-precision positioning and intelligent travel application. It has great meaning for future intelligent transportation, high-precision positioning and navigation, automatic driving technical specifications and application promotion.