LAS
VEGAS, Oct. 30, 2023 /PRNewswire/ -- Remark
Holdings, Inc. (Nasdaq: MARK), a leading provider of artificial
intelligence ("AI") -powered video analytics, today announced a
sales and marketing initiative with Arrow Electronics (NYSE: ARW)
and Intel (Nasdaq: INTC). More details can be found in the brochure
attached. This collaborative initiation broadens Remark's reach to
Arrow's more than 200,000 customers, providing them with
Intel-powered AI servers that run Remark's Smart Safety Platform
(SSP), with Arrow providing distribution, inventory, and logistical
sales support.
Remark's real-time video analytics works with existing video or
CCTV systems to keep cities, employees, public, private spaces, and
valuable assets safe and secure. Managing video surveillance
operations has historically been a labor-intensive process that
records historic forensic information after an adverse incident has
already happened with possible damage inflicted, versus the
real-time alerts provided by Remark's SSP that may prevent further
damage from happening. Integrating Remark AI's models into an
existing video infrastructure enhances the safety, security and
identification of assets, objects and people with increased
accuracy and speed.
Shing Tao, Chief Executive
Officer of Remark Holding comments, "We are thrilled to work with
Arrow and Intel. AI-powered computer vision requires the latest
chips to provide tremendous computing power and performance, which
optimizes well on Intel processors. Our combined strength expands
Remark's scalable AI video analytics solution to Arrow and Intel's
commercial and industrial clients that run on the Intel platform in
both the private and public sectors, driving profitable
growth."
About Remark Holdings, Inc.
Remark Holdings, Inc.
(Nasdaq: MARK) , the industry leader in AI-powered computer vision
solutions, delivers an integrated suite of AI analytics that help
organizations understand their customer demographics and behavior,
while monitoring, understanding and acting on potential security
threats in real time. Remark consists of an international team of
sector experienced professionals that have created award winning
video analytics. The company's GDPR-compliant and
CCPA-compliant solutions focus on sectors including government
agencies, hospitality, public safety, retail and transportation.
The company's headquarters are in Las
Vegas, Nevada, USA, with operational offices in New York and international offices in
London, England. For more
information, please visit our product portfolio at
www.remarkvision.com and home page
at www.remarkholdings.com
Forward-Looking Statements
This press release may
contain forward-looking statements, including information relating
to future events, future financial performance, strategies,
expectations, competitive environment and regulations. Words such
as "may," "should," "could," "would," "predicts," "potential,"
"continue," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," and similar expressions, as well as
statements in the future tense, identify forward-looking
statements. These statements involve known and unknown risks,
uncertainties, and other factors, including those discussed in Part
I, Item 1A. Risk Factors in Remark Holdings' Annual Report on Form
10-K and Remark Holdings' other filings with the SEC. Any
forward-looking statements reflect Remark Holdings' current views
with respect to future events, are based on assumptions, and are
subject to risks and uncertainties. Given such uncertainties, you
should not place undue reliance on any forward-looking statements,
which represent Remark Holdings' estimates and assumptions only as
of the date hereof. Except as required by law, Remark Holdings
undertakes no obligation to update or revise publicly any
forward-looking statements after the date hereof, whether as a
result of new information, future events or otherwise.
Company Contacts
Fay
Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626-623-2000
(+65) 8715-8007
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SOURCE Remark Holdings, Inc.