TOKYO, Jan. 24, 2023 /PRNewswire/ -- NOVOSENSE Microelectronics (NOVOSENSE, SSE: 688052), a highly robust & reliable analog and mixed signal IC company, today announced that it will showcase technologies and products for automotive electronics solution at Automotive World 2023, one of the world's leading exhibitions for the advanced automotive technologies, on January 25-27 in Tokyo, Japan. During the exhibitor's seminar, NOVOSENSE engineer will give presentation about semiconductor solutions for automotive applications on Jan 27. Comprehensive Automotive Electronic Solutions Enabled by NOVOSENSE At this exhibition, NOVOSENSE will present products of isolator, interface, power driver, current sensor, pressure sensor etc., which can be applied in such applications as OBC/ DCDC, PDU, thermal management, battery management system (BMS), inverter/powertrain, automotive lighting, body/vehicle (domain) control and other automotive electronic solutions for electrified vehicle (xEV). NOVOSENSE at Automotive World 2023: Enabling xEV with Semiconductor Solutions High-performance, Robust, Reliable Products and Service Provided by NOVOSENSE Since 2016, NOVOSENSE has started to develop automotive-qualified products. With mature chip-development capabilities, abundant experience in mass production and quality assurance, NOVOSENSE is committed to providing high-performance, robust, reliable products and service for automotive OEM and Tier1 manufacturers. NOVOSENSE's automotive-qualified products have been successfully adopted by the global mainstream automotive supply chain and put into mass production. Based on ten years' solid IC design & mass production experience, NOVOSENSE can offer more than 1,400 IC products for sale. The accumulative shipment has reached more than 4 billion pcs, widely used in automotive, industrial control, information & communication as well as consumer electronics etc. With the mission of "Sense and Drive the Future, Build a Green, Smart and Connected World with Semiconductors", NOVOSENSE has built partnership with thousands customers worldwide, including many global automotive OEM and Tier1 manufacturers. NOVOSENSE at Automotive World 2023 See how NOVOSENSE enables xEV with semiconductors at Automotive World 2023, 3-11-1 Ariake, Koto-ku, Tokyo, Japan 135-0063 (Booth NO. 42-42, NOVOSENSE with Ryoden). For more product information and latest updates of NOVOSENSE, please visit its official website at www.novosns.com/en or email to: sales@novosns.com.
SEOUL, South Korea and NOVI SAD, Serbia, Jan. 23, 2023 /PRNewswire/ -- RT-RK, a leading embedded software development house and Telechips, a world class SoC provider for the automotive industry announce integration of RT-RK's containerized Android solution on Telechips' Dolphin 3 SoC. Over the second half of 2022, RT-RK and Telechips have been investing in partnership to deliver joint state-of-the-art solutions for IVI. Driven by the Android Automotive adoption trend by major OEMs worldwide, the key focus of RT-RK and Telechips cooperation is Android Automotive enablement for different market requirements. As announced today, RT-RK's mARTini product, currently the most advanced solution for supporting Android apps within Linux based IVI systems is fully integrated and tested on Telechips' Dolphin 3 SoC, targeting a Yocto based IVI solution. Containerization has several advantages over currently widely used hypervisor approach in support of both Linux and Android Android UI is invisible (no impact on OEM brand identity) Dynamic and optimized memory allocation (leads BOM optimization) Excludes hypervisor license fee (cost saving) "The demand for containerized Android Automotive solution is increasing and remains to be one of the fundamental approaches for OEMs to retain full control over the IVI software while being able to benefit from the Android Automotive trend. We are highly focused on our goal to fill in the gap for a commercial grade containerized Android solution that can scale for the OEM, thus achieving cost efficiency, secure roadmap, and support structure. Partnering with a world class SoC provider, such as Telechips, is essential to achieving this goal," said Nikola Teslic, CEO at RT-RK. "One of the most significant values that Telechips can offer to the market is to make it easier to accelerate the time to market by proactively reviewing and preparing for various market requirements in advance, ultimately reducing lead times to deliver customer requirements. Through this partnership, RT-RK and Telechips are highly regarded to have realized a value for faster time to market by responding to the requirements for container solution that both companies can provide to the customer. In addition, it is expected to create more synergy through future cooperation by increasing understanding of each solution / SoC between the two companies," said Dennis BongGee Song, Head of R&D Center (CTO) at Telechips. About RT-RK RT-RK is a premium embedded software development house in the Southeast Europe, with a focus on consumer electronics and infotainment systems. The company was founded in 1991, and currently employs 500+ engineers. RT-RK has a background in being a near shore development center of silicon vendor, networking, automotive, and consumer electronics companies. RT-RK operates under the umbrella of TTTech Group. https://www.rt-rk.com/
Providers of innovative tech-driven consumer products, Laifen, wows visitors at the recently concluded 2023 CES with more than 1,000 people visiting its booth daily HONG KONG, Jan. 20, 2023 /PRNewswire/ -- The increasingly popular consumer brand Laifen had an overwhelmingly positive response from visitors. The 2023 CES had more than 3,200 exhibitors and 115,000 visitors and Laifen's booth was one of the most popular. The company had over 1,000 visitors daily to its booth, all expressing their amazement at the ascetic design, superior quality and exceptional performance of Laifen Swift and Premium collections. Visitors are testing Laifen's products on its Booth The products from Laifen expectedly caught the attention of different categories of stakeholders in the consumer products market present at the show. In a related development, the company was able to successfully establish an initial strategic collaboration with most leading supermarkets. Consequently, consumers can expect to see Laifen's products in numerous major supermarkets, enabling viewing and trying in different locations. Laifen's collaboration with popular influencer, Justin Hickox, to organize the Hair Styling Activity had attracted over 5000 visitors to participate. Justin brought his expertise to share a plethora of hair-blowing tips with attendees by using Laifen hair dryers to make fashionable styles of hair. The videos of for this event were both posted on Laifen's YouTube channel and Justin's and to help more people across the globe to enjoy the tips and hairstyle trends. Laifen was full of praise for the organizers of CES- "I would like to share my great thanks to CES organizers', says Jennifer Yan, the chief sales officer from Laifen. "This show offers a great opportunity for our customers to understand our brand, and our activities, and to test the products we offer." According to her, the event was full of Chinese companies that had brought numerous new innovations, a feast of advancement to the outdated "made in China" label of low quality and low cost, without originality. Laifen is not resting in its pursuit of "bringing the latest technology and more enjoyment to every family" as the company reveals bigger plans for 2023. In 2023 Laifen will continue to provide up-to-date technology and launch a new high-speed hair dryer premium Swift SE collection. Laifen will also focus on "high-speed brushless motor" technology to produce more advanced appliances in personal care. To learn more about Laifen please visit https://www.laifentech.com/ Instagram and LinkedIn. Media Contact Quella Way Email: info@laifentech.com
STOCKHOLM, Jan. 20, 2023 /PRNewswire/ -- Fourth quarter highlights The quarter was impacted by an IPR agreement resulting in total IPR revenues of SEK 6.0 (2.4) b. and previously announced charges of SEK -4.0 b., including DOJ provision, IoT divestment and Cloud Software and Services contract and portfolio exits. Group organic sales[1] grew by 1% YoY., of which IPR revenues contributed with 5 percentage points. Reported sales were SEK 86.0 (71.3) b. of which Vonage contributed SEK 4.1 b. Gross income increased to SEK 35.6 (30.8) b., while gross margin decreased to 41.4% (43.2%) primarily due to business mix change in Networks and previously announced charges for contract exits and portfolio adjustments in Cloud Software and Services. EBITA excluding restructuring charges amounted to SEK 9.3 (12.8) b. with an EBITA margin of 10.8% (17.9%). EBITA was impacted by the previously announced charges. Free cash flow before M&A was SEK 16.9 (13.5) b. mainly driven by reduced inventory and high cash collection including IPR collection Return on capital employed was 15.4% (26.6%) driven by lower EBIT. Full-year highlights Group organic sales[1] grew by 3%, driven by a 4% increase in Networks and 16% in Enterprise. Reported sales were SEK 271.5 (232.3) b. Gross income increased to SEK 113.3 (100.7) b. with increases in segments Networks, Cloud Software and Services, and Enterprise. EBITA amounted to SEK 29.1 (33.3) b. with an EBITA margin of 10.7% (14.3%). EBITA was negatively impacted by previously announced charges of SEK -5.5 b., partly compensated by increased IPR licensing revenues. EBIT margin excl. restructuring charges was 10.1% (13.9%). Excluding Vonage and previously announced charges during the year, EBIT margin was 12.9%, reaching the 2022 target of 12-14%. Net income was SEK 19.1 (23.0) b. EPS diluted was SEK 5.62 (6.81). Free cash flow before M&A amounted to SEK 22.2 (32.1) b. Net cash was SEK 23.3 (65.8) b. at year-end 2022. Return on capital employed was 14.0% (18.4%) driven by higher capital employed and lower EBIT. A dividend for 2022 of SEK 2.70 (2.50) per share will be proposed to the AGM by the Board of Directors. SEK b. Q4 2022 Q4 2021 YoY change Q3 2022 QoQ change Jan-Dec 2022 Jan-Dec 2021 YoY change Net sales 86.0 71.3 21 % 68.0 26 % 271.5 232.3 17 % Sales growth adj. for comparable units and currency[2] - - 1 % - - - - 3 % Gross margin[2] 41.4 % 43.2 % - 41.4 % - 41.7 % 43.4 % - EBIT 7.9 11.9 -34 % 7.1 10 % 27.0 31.8 -15 % EBIT margin[2] 9.1 % 16.6 % - 10.5 % - 10.0 % 13.7 % - EBITA[2] 9.0 12.3 -26 % 7.6 19 % 29.1 33.3 -13 % EBITA margin[2] 10.5 % 17.2 % - 11.2 % - 10.7 % 14.3 % - Net income 6.2 10.1 -39 % 5.4 15 % 19.1 23.0 -17 % EPS diluted, SEK 1.82 3.02 -40 % 1.56 17 % 5.62 6.81 -17 % Measures excl. restructuring charges[2] Gross margin excluding restructuring charges 41.5 % 43.5 % - 41.4 % - 41.8 % 43.5 % - EBIT excluding restructuring charges 8.1 12.3 -34 % 7.2 12 % 27.4 32.3 -15 % EBIT margin excluding restructuring charges 9.4 % 17.3 % - 10.6 % - 10.1 % 13.9 % - EBITA excluding restructuring charges 9.3 12.8 -27 % 7.7 21 % 29.5 33.8 -13 % EBITA margin excluding restructuring charges 10.8 % 17.9 % - 11.3 % - 10.9 % 14.6 % - Free cash flow before M&A 16.9 13.5 25 % 2.5 - 22.2 32.1 -31 % Net cash, end of period 23.3 65.8 -65 % 13.4 74 % 23.3 65.8 -65 % [1] Sales adjusted for comparable units and currency[2] Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statements Comments from Börje Ekholm, President and CEO of Ericsson (NASDAQ:ERIC) With our fourth quarter result we are on track to deliver on our long-term EBITA target of 15-18% by 2024. We remain fully committed to our strategic ambitions and have full confidence in the long term. During the quarter, we made measurable progress towards achieving these ambitions, against a backdrop of broad macroeconomic headwinds. As we said during our Capital Markets Day, there are near-term uncertainties, however, we are still in the early phase of global 5G rollout and widespread enterprise digitalization. Our strategy remains rooted in driving sustainable growth and maximizing value across all stakeholders. We are confident that we have the right team and strategy in place to extend our leadership in mobile networks; achieve profitability in Cloud Software and Services; execute in our high growth Enterprise segment; shape the industry landscape by becoming a platform company leveraging the 5G innovation platform; and continue our unwavering commitment to a culture of integrity. This quarter, we signed a multiyear IPR patent license agreement with a major licensee. This positive outcome positions us well to capture further 5G patent license agreements among handset manufacturers and in new areas such as consumer electronics and IoT. We expect significant IPR revenue growth over the coming 18-24 months. Group Net Sales[1] grew by 1% YoY, of which IPR revenues contributed with 5 percentage points. EBITA[2] of SEK 9.3 (12.8) b. corresponds to a margin[2] of 10.8% (17.9%). The positive impact from higher IPR revenues was offset by expected business mix shift and previously announced charges of SEK -4 b. We executed on our ambition to reduce inventory contributing to our free cash flow before M&A of SEK 16.9 (13.5) b. Our Networks business grew in India on the back of significant market share gains. As anticipated, the growth from share gains in several markets could not fully compensate for reduced operator capex and inventory reductions in other markets, including North America. Gross margin[2] was 44.6% (46.4%), negatively impacted by this business mix shift including a higher share of services sales from large network rollout projects. The IPR patent license agreement had positive margin impact. During the quarter, we were able to largely offset the impact of high inflation with commercial activities, including product substitution. We continue to invest in technology to enhance performance and cost leadership, expand our global footprint and improve productivity and capital efficiency across the supply chain. In Cloud Software and Services, organic sales[1] decreased by -2% excluding IPR revenues. Sales growth in North America – mainly from 5G Core contracts – was offset by a decline in other market areas. We remain committed to improving profitability and are on a clear path to reaching operating profit break-even for full-year 2023 by limiting subscale software development, accelerating automation, and changing focus from market share gains to profitability. In Q4, we decided to exit certain subscale business, with a one-off charge. Within Enterprise, we continue to leverage our strength in mobile networks to accelerate our business. Organically, sales[1] grew by 15%. Our Enterprise strategy is underpinned by two pillars: First, our Enterprise Wireless Solutions business, focused on capturing the multi-billion-dollar enterprise market opportunity for 5G optimized networking and security solutions. Second, through the Global Communication Platform business, we will enable new ways of monetizing 5G by transforming how network features such as speed and latency are globally exposed, consumed and paid for. Enterprise is a growth engine for the company, and we continue to fine-tune our portfolio to maximize profitability. To this end, we announced the divestment of our loss-making IoT business in Q4. We continue to invest to strengthen our enterprise go-to-market channel and broaden our enterprise product portfolio. In addition, we are increasing our investments in developing the network APIs that will underpin the long-term growth in Global Communication Platform. From 2024 and beyond our enterprise business will be a major driver of Ericsson's long-term growth and profitability, however, these investments will weigh on profitability during 2023. We remain positive on the long-term outlook for our business. However, the near-term outlook, as we also described at our Capital Markets Day, remains uncertain. We expect operators to continue to sweat assets in response to macroeconomic headwinds. In addition, we expect operators to adjust inventory levels as supply situation eases. These trends started to impact Networks in Q4 and we expect them to continue at least during the first half of 2023. At the same time, we expect good growth from market share wins, albeit not fully offsetting the near-term headwinds. In the longer-term, capex is driven by traffic growth. Given near-term macroeconomic headwinds, we expect Enterprise to grow somewhat slower than during 2022. While the quarter saw the easing of supply chain related challenges, the inflationary environment persisted. We remain focused on navigating near-term headwinds through our commercial initiatives but also by making Ericsson more cost-effective. We expect to start seeing the effect of our SEK 9 b. cost savings activities during the second quarter of 2023. We anticipate declining margins in Networks during the first half of 2023 due to changing business mix. In Q1 we expect the EBITA[2] for the Group to be somewhat lower than EBITA[2] last year, with improvements during the year. We remain focused on reaching a resolution with the US authorities regarding the previously announced Deferred Prosecution Agreement (DPA) breach notices received by the company. In this regard, we have this quarter booked a SEK 2.3 b. (approx. USD 220 million) provision as we are now in a position to make a sufficiently reliable estimate of the financial penalty (and additional monitoring costs) associated with a breach resolution. Separately, and with respect to the past matters described in the company's 2019 Iraq investigation report, we continue to thoroughly investigate the facts in full cooperation with the DOJ and the SEC to determine if there is any merit to the allegations. Building a culture of ethics and integrity remains a top priority, and I am convinced that best-in-class compliance will give our company a competitive advantage. Both the company's resolution with the DOJ and the SEC in 2019 and the ongoing investigation into past conduct in Iraq clearly highlight the importance of intelligent decision-making and effective risk management. In conclusion, I would like to thank all my colleagues for their diligence and efforts to deliver long-term stakeholder value as they continue to execute on our strategy. The commitment and passion of our team is what inspires me the most as we redefine both our company and our industry. The actions we have taken have positioned us to be a true industry leader. Börje Ekholm President and CEO [1] Sales adjusted for comparable units and currency[2] Excluding restructuring charges NOTES TO EDITORS You find the complete report with tables in the attached PDF or on www.ericsson.com/investors Video webcast for analysts, investors and journalists President and CEO Börje Ekholm and CFO Carl Mellander will comment on the report and take questions at a video webcast at 9:00 AM CET (8:00 AM GMT London, 3:00 AM EST New York). Join the webcast or please go to www.ericsson.com/investors To ask a question:Access dial-in information here The webcast will be available on-demand after the event and can be viewed at www.ericsson.com/investors. FOR FURTHER INFORMATION, PLEASE CONTACT Contact person Peter Nyquist, Head of Investor RelationsPhone: +46 705 75 29 06E-mail: peter.nyquist@ericsson.com Additional contacts Stella Medlicott, Senior Vice President, Marketing and Corporate RelationsPhone: +46 730 95 65 39E-mail: media.relations@ericsson.com Investors Lena Häggblom, Director, Investor RelationsPhone: +46 72 593 27 78E-mail: lena.haggblom@ericsson.com Alan Ganson, Director, Investor RelationsPhone: +46 70 267 27 30E-mail: alan.ganson@ericsson.com Media Kirsty Fitzgibbon, VP, Head of External Relations, actingPhone: +46 730 95 81 57E-mail: kirsty.fitzgibbon@ericsson.com Kristoffer Edshage, Head of Regulatory and Financial CommunicationPhone: +46 722 20 44 46E-mail: media.relations@ericsson.com Corporate CommunicationsPhone: +46 10 719 69 92E-mail: media.relations@ericsson.com This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CET on January 20, 2023. The following files are available for download: https://mb.cision.com/Main/15448/3700544/1793203.pdf Ericsson fourth quarter and full year report 2022
Showcasing the Latest Collaborative Visual Solutions for Seamless Hybrid Working BREA, California, Jan. 20, 2023 /PRNewswire/ -- ViewSonic Corp., a leading global provider of visual solutions, will introduce its latest workplace solutions for better collaboration in modern workplaces at Integrated Systems Europe (ISE) 2023 in Spain (31 January to 3 February). The company will debut its largest interactive display - the 105" 5K resolution ViewBoard as well as showcase its new Presentation Display for video conferencing. Additionally, the exhibit will feature the company's latest large format displays, which include the All-in-One LED Displays and the Luminous Superior Series lamp-free projectors, allowing visitors to experience possibilities for seamless hybrid meeting spaces. ViewSonic will introduce its latest workplace solutions for better collaboration in modern workplaces at ISE 2023 in Spain. The company will debut the 105” 5K ViewBoard interactive display and showcase its new Presentation Display for video conferencing. "After the acceleration of digital collaboration over the years, ViewSonic is dedicated to offering innovative visual solutions for every type of workplace - from individual work to corporate workplaces," said Bonny Cheng, COO of ViewSonic. "At ISE 2023, we are thrilled to present the power of interactive and wireless presentations using our latest technologies. The goal is to boost greater team efficiency and productivity, whether they are gathered in a single working space or connected with other offices globally." ViewSonic offers comprehensive workplace solutions with integrated hardware and software to support day-to-day work. Its diverse solutions include monitors for video conferencing, portable devices, and more intuitive functionalities for professionals, assisting individuals and corporate to set up efficient workstations to work from anywhere. For discussions in huddle spaces or larger group meetings, ViewBoards and Presentation Displays are designed to improve collaboration with the assistance of the myViewBoard software suite, while for larger meeting spaces and public areas, the All-in-One LED displays and sustainable lamp-free projectors offer more flexibility for installation, delivering large-scale vivid images to impress the audiences through exceptional visual performances. At ISE 2023, the solutions on display at ViewSonic's exhibit will include: Collaborative Display Solutions for Seamless Communication To demonstrate the possibilities for productive modern workspaces, ViewSonic will be exhibiting the upcoming 105" ViewBoard with a 21:9 wide screen in 5K resolution as well as the 86" 4K ViewBoard. These ViewBoards feature a powerful multimedia soundbar that delivers engaging audiovisuals, making communication more effective. Attendees will also be able to experience the latest 75" 4K Presentation Display which features advanced video conferencing capabilities. With an all-in-one conferencing camera, the real-to-life sound is captured through voice tracking, making the solution ideal for hybrid group meetings. The ViewBoard comes with myViewBoard for comprehensive presentation tools and a responsive multi-touch screen, facilitating a highly collaborative environment. It offers users a natural writing experience that enables multiple participants to write or draw on the display at the same time. The display also enables quick and easy presentation set up with USB-C or ViewBoard Cast wireless connection. The myViewBoard Manager application also allows easy and centralized remote management by IT departments. All-in-One LED Displays Deliver Engaging Audiovisuals in Large Venues ViewSonic's latest 216" All-in-One LED Display will also be showcased. Adopting advanced Chip-on-Board LED packaging technology, the display delivers detailed 4K UHD resolutions with a finer pixel pitch, suitable for places that need intricate visuals such as research institutions, engineering facilities, schools of architecture, or fine arts. It also brings enhanced durability as well as moisture-proof, dust-proof, and anti-collision protection. In addition, the All-in-One design integrates all systems into one device, offering easy installation, operation, and maintenance. ViewSonic's exhibit will also feature the industry-first 135" All-in-One LED Display Solution Kit with a foldable screen. The design significantly reduces the packaging size which makes transportation from one venue to another easier and more cost-effective. The pre-assembled design with a movable motorized floor stand makes the display ready for instant use and easy to move, which is perfect for events, exhibitions, or any other short-term usage High Brightness, Sustainable Projector Solutions Another highlight is the full lineup of the Luminous Superior Series - LED and laser projectors for business and education. With advanced projection technologies, the projectors deliver up to 6,000 ANSI Lumens brightness which allows consistently vibrant imagery even in rooms with strong ambient light. Moreover, the lamp-free series eliminates the cost and effort of frequent lamp replacement and is free from toxic mercury, further lowering the total cost of ownership and offering greater sustainability for the environment. ViewSonic at ISE 2023 Where: Booth #2Q600, Hall 2, Fira Barcelona Gran Via, SpainWhen: 10 a.m. – 6 p.m., 31st January – 2nd February 2023 10 a.m. – 4 p.m., 3rd February 2023 Please click here to book a booth tour and see how ViewSonic's innovative visual solutions help corporates to achieve their business goals. About ViewSonic Founded in California, ViewSonic is a leading global provider of visual solutions and conducts business in over 100 countries worldwide. As an innovator and visionary, ViewSonic is committed to providing comprehensive hardware and software solutions that include monitors, projectors, pen displays, commercial displays, All-in-One LED displays, ViewBoard interactive displays, and myViewBoard software ecosystem. With over 35 years of expertise in visual displays, ViewSonic has established a strong position for delivering innovative and reliable solutions for education, enterprise, consumer, and professional markets and helping customers "See the Difference." To find out more about ViewSonic, please visit www.viewsonic.com.
BEIJING, Jan. 19, 2023 /PRNewswire/ -- MicroCloud Hologram Inc. (NASDAQ: HOLO) ("HOLO" or the "Company"), a Hologram Digital Twins Technology provider, today announced that it develops an AR glasses-applied portable 3D touch interactive system based on image processing technology. The system is the result of the Company's independent research and development, which is conducive to further improving the Company's intellectual property protection system, maintaining its technological leadership, and enhancing its core competitiveness. The portable 3D touch interactive system applying AR glasses based on image processing technology developed by HOLO meets the needs and development of the industry. The system can sense the user's hand position, capture the user's hand gestures, and obtain the hand movement distance. The system combines with voice sensors to obtain the relative position relationship between the user and the electronic display device. And based on the depth 3D holographic digital image, it can determine the area selected by users and generate the depth 3D holographic digital image information corresponding to the user's operation action, thus providing the user with personalization features. Together with AR glasses, the system can wirelessly connect the electronic display device to achieve the functions of adjustment, selection, storage, and interaction. HOLO's system provides the user with function options through an electronic display device based on the area selected by the user. The user can select the function according to the given option by touching the selection area displayed by the electronic display device. The electronic display device includes at least two display modules, and users can obtain functions corresponding to the modules by selecting different display modules. HOLO's portable 3D touch interactive system also includes a primary identity authentication module to obtain the user's primary user identity information. The electromagnetic wave identification module receives the distance of hand movement according to the display module corresponding to the primary user identity information. The depth sensor generates the corresponding depth 3D holographic digital image in the display module according to the movement distance. The AR glasses are equipped with a secondary identity authentication module to obtain the secondary user identity information and transmit it to the primary identity authentication module as the primary user identity information. The AR glasses can switch to different electronic display devices using the primary user's identity information. The electromagnetic wave recognition module can obtain the hand movement distance according to the electronic display device corresponding to the secondary user identity information. The depth sensor generates a depth 3D holographic digital image of the electronic display device corresponding to the secondary user identity information according to the hand movement. AR glasses can generate a primary command and send it to the electronic display device based on the selected function of the user and gesture action. AR glasses can also generate a secondary command and send it to the electronic display device based on the selected function, the primary voice information, and the secondary voice information. The secondary command represents a control command issued by the user via voice. HOLO's AR glasses-applied portable 3D touch interactive system includes several electronic display devices, each consisting of an electromagnetic wave recognition module, a depth sensor, an image acquisition, and a processing module. Or multiple electronic display devices that share a set. When the electronic display device is spliced and arranged, the electromagnetic wave recognition module, depth sensor, image acquisition, and processing module can realize data acquisition and processing work within a specific range. And as long as the number of simultaneous experiences is limited, the safe operation of the system can be ensured, i.e., the access limit is set at the user's terminal, and the detection mechanism is on to prevent malicious connections. The application of AR glasses on electronic display devices breaks through the fixed selection mode of the original selection area. When AR glasses are successfully connected to the electronic display device, the initial or current display content of the device can be displayed on the AR glasses. Storing the user's identity information, content, and data in the cloud server is conducive to enhancing the speed of identity recognition and facilitating the selection, updating, and pushing of information content. The system can accurately identify the user's choice by recognizing the hand movement and the voice command, which improves the human-computer interaction capability of the 3D touch technology. HOLO's AR glasses-applied portable 3D touch interactive system aggregates and stores data in the cloud. Through big data analysis, it obtains the user's preferences and automatically generates selection functions based on preferences. Moreover, it is convenient for users to store and query the information of choices. This also facilitates the user to call for comparison when observing and storing similar information of 3D holographic content. The system enriches the human-computer interaction function of 3D touch technology and enhances users' visual experience and information experience. HOLO's portable 3D touch interactive system is an advanced spatial interaction method that will be gradually applied to various high-tech scenes. The system can sense the environment and spatial information through multiple types of 3D spatial sensors and hardware devices and has dozens of functions, such as gesture and face recognition, environment perception, 3D holographic measurement, and 3D holographic spatial map reconstruction. The system can be widely used in education, games and entertainment, shopping, VR/AR, virtual tourism, industrial simulation, and other fields. HOLO provides technical support for the accuracy and stability of digital machine vision, pushing 3D vision technology toward the direction of intelligence, integration, well performance, and multiple applications. About MicroCloud Hologram Inc. MicroCloud Hologram Inc. (NASDAQ:HOLO) 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.
Consumer Electronics
Earnings
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