BEIJING, March 14, 2023 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced the development of its digital twin visualization and interaction system by fusing digital twin, artificial intelligence, data visualization, and human-computer interaction technologies.

WiMi focuses on the multi-source data of the digital twin and realizes visual interaction in the digital twin system. With the help of graphics and visualization technology, the system processes the data information of the digital twin, combines the real-time rendering of 3D scenes and data modeling, visualizes the data from multiple sources, and realizes real-time data visualization and interaction. The essence of data visualization is visual dialogue: transferring the physical world as images and data to the digital world for representation, analyzing, and extrapolating the logic of massive amounts of data to enhance the readability and flexibility of data results. Data visualization can assist managers in discovering the patterns and values behind the data, helping to make intelligent decisions.

Firstly, based on computer graphics and artificial intelligence, the system constructs an identical corresponding model in the digital world for real-world physical objects and dynamically simulates, monitors, analyzes, and controls them through digital means. Secondly, the system establishes a visualization bridge between the real and the digital twin space by covering the full range of data processing, visualization models, and visualization applications. A proper digital twin system is realized by integrating big data processing techniques such as sensing, analysis, and decision-making. Thirdly, interaction and collaboration are critical aspects of the digital twin system. The virtual entity monitors the state of the physical entity through sensor data to achieve real-time dynamic mapping and then verifies the control effect through simulation in the virtual space and realizes the operation of the physical entity through the control process.

WiMi's digital twin visualization interactive system efficiently analyzes, interprets, and provides valuable information by combining data analysis with graphic technology. It presents the massive amount of data from the Internet of Everything era to managers with greater efficiency, lower cost, and better results. The system empowers intelligent decision-making and helps companies to achieve product innovation and optimal allocation of resources. At the same time, WiMi's system, with its intelligent interaction and multi-party collaborative management mechanism, realizes the interplay and interaction between the real and the digital space intelligently and efficiently.

In the digital era of Internet of Everything, the demand for intelligent perception, interaction, visual display, and holographic experience has pushed people to build a digital twin world outside of the real world. WiMi's system helps the natural world interact with the digital world, allowing the optical lens of data to shine into the real world and empowering more industries to achieve intelligent and digital transformation.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI), whose commercial operations began in 2015, is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company's strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company's annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.

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