Luokung won bid for Heilongjiang Institute of Technology Smart Campus Project Expanding the IoT Smart Campus market

BEIJING,Nov. 30,2020 -- Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"),one of the global leading spatial-temporal big-data processing technology companies,a leading interactive location-based services company in China,today announced that it won bid for Heilongjiang Institute of Technology ("HIT") Smart Campus first phase procurement project of USD 1.3 million,which is expected to be completed by the end of this year. The second and third phases will be implemented based on the infrastructure built by the first phase. The amount for the second phase is approximately USD 8 million. As the exclusive service provider for the first phase,it is highly probable that the Company will continue to implement the subsequent phases.

The Company will build a comprehensive digital base for campus smart management and smart educational administration management that integrates software and hardware,all generated data is managed by the "Luokung SuperEngine Spatiotemporal Data Engine". The first phase of the smart campus is a system based on the Internet of Things to integrate cloud desktop system,student sign-in system,faculty and student safety prevention and control system,emergency one-button alert system,environmental monitoring system,high-precision public area pandemic prevention and detection system,and other related smart systems. The construction of subsequent second and third phases of the project will rely on the digital base.

About Luokung Technology Corp.

Luokung Technology Corp. is one of the global leading spatial-temporal big-data processing technology companies and a leading interactive location-based services company in China. It provides integrated DaaS,SaaS,and PaaS services for Internet and Internet of Things of Spatial-Temporal big data based on its patented technology. Based on geographic information systems and intelligent Spatial-Temporal big data,it establishes city-level and industry-level digital twin holographic data models to actively serve smart cities,intelligent transportation,smart industry,LBS. http://www.luokung.com

Business Risks and Forward-Looking Statements

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