BEIJING, Nov. 28,
2023 /PRNewswire/ -- MicroCloud Hologram Inc.
(NASDAQ: HOLO) ("HOLO" or the "Company"), a Hologram Digital Twins
Technology provider, today announced that its subsidiary is
providing CMS for China's largest
new energy vehicle company. By signing the Generalized Streaming
Media Control System (CMS) Development Agreement, HOLO is expected
to usher in a breakthrough in the new energy vehicle business.
The new energy vehicle company, the largest new energy vehicle
company in China, is also the
largest new energy vehicle company in the world in terms of sales
volume. By October 2023, the new
energy vehicle company's cumulative sales of cars this year have
exceeded 2.3 million. The company has sold its products to more
than 400 cities in over 70 countries and regions around the
world.
According to the agreement, HOLO provides the design and
development program of a common (including SG, ESEA, and SU models)
streaming media control system. Its main contents are as follows:
first, providing hardware and software design solutions for the
system, which are divided into solutions for the three modules of
camera, controller and display. Second, providing solutions for
data analysis, optical analysis, platform-based analysis, system
analysis, and imaging analysis. Third, to do the relevant EMC,
performance, environment and other tests and delivery in the way
satisfied by the new energy vehicle company. Fourth, verify the
above solutions together with the company. Fifth, if there is a
need to change the condition of the new energy vehicle models (e.g.
SG, ESEA, SU), we will cooperate with the vehicle company to
complete the change. Sixth, reserve expandable artificial
intelligence (AI) functions.
HOLO will provide integrated holographic vision software and
hardware solutions for new energy vehicles, including holographic
light detection and ranging solutions based on holographic
technology, holographic vision point cloud algorithm architecture
design, technical hologram solutions, holographic light sensor chip
design, and holographic vehicle intelligent vision technology.
Providing new energy vehicle companies with holographic advanced
driver assistance system (ADA) software and hardware development
services. Given this new energy vehicle company is China's largest company in the field of new
energy vehicles, and also acclaimed for the largest sales volume of
new energy vehicles in the world, the enterprise has occupied a
huge market, which means the cooperation between the two listed
company's will bring positive financial impact on the overall
operating income of the two sides.
About MicroCloud Hologram Inc.
MicroCloud Hologram Inc. engages in the research and
development, and application of holographic technology. MicroCloud
Hologram technology services include holographic light detection
and ranging (LiDAR) solutions based on holographic technology,
holographic LiDAR point cloud algorithms architecture design,
technical holographic imaging solutions, holographic LiDAR sensor
chip design, and holographic vehicle intelligent vision technology
to service customers that provide holographic advanced driver
assistance systems (ADAS). MicroCloud Hologram provides its
holographic technology services to its customers worldwide.
MicroCloud Hologram also provides holographic digital twin
technology services and has a proprietary holographic digital twin
technology resource library. MicroCloud holographic digital twin
technology resource library captures shapes and objects in 3D
holographic form by utilizing a combination of holographic digital
twin software, digital content, spatial data-driven data science,
holographic digital cloud algorithm, and holographic 3D capture
technology.
Safe Harbor Statements
This press release contains "forward-looking statements" within
the meaning of 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, as well as 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 U.S.
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. A number of 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 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, and the
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
laws.
View original
content:https://www.prnewswire.com/news-releases/microcloud-hologram-inc-announced-providing-cms-for-chinas-largest-new-energy-vehicle-company-301999004.html
SOURCE MicroCloud Hologram Inc.
