Luokung Technology Corp. announced the launch of its remote sensing holographic spatial-temporal portfolio of products and services offered by its affiliate, Luokung Remote Sensing Co. Ltd., for natural resource monitoring and carbon sink accounting at the recently held Second Spatial Information Smart Application for High Quality Development in the New Era Summit, hosted by the China Association of Remote Sensing Application.

Based on the multi-source heterogeneous spatial-temporal digital base, the Company has developed the Luokung Remote Sensing Offerings for natural resource monitoring and carbon sink accounting, which integrates spatial-temporal big data AI services such as satellite remote sensing, lidar, and Global Navigation Satellite System. The Luokung Remote Sensing Offerings is supported by Luokung's advanced real-time remote sensing data processing technologies and remote sensing data interpretation AI algorithms, with a key focus of the integration of lidar data. The portfolio of offerings includes applications such as real 3D natural resource spatial-temporal holograms, dynamic monitoring of natural ecological carbon sinks, forestry carbon sink remote sensing intelligent accounting and measurement, farmland protection remote sensing AI monitoring, crop growth and disaster monitoring, and more.

they believe these new offerings provide a low-cost and high-accuracy system for monitoring ecological changes in terrestrial natural resources, carbon sinks, and carbon emissions, enabling organizations to make greater advances toward their sustainability goals. Select products in the Luokung Remote Sensing Offerings have been successfully applied as pilot projects in Huangshan and Jixi, Anhui Province, in Jixian, Heilongjiang Province and in other county-level regions. The Company signed official business service contracts to provide long-term services in these regions at the Summit.

Luokung's Remote Sensing Offerings will be classified into county-, prefecture- and provincial-level specifications based on government jurisdictions. At present, the products have covered carbon sequestration, forestry, agriculture and other fields, and the Company expects to expand its capabilities to include carbon emissions, environmental protection, water conservancy, disaster emergency management and other industries in 2022.