Luokung Technology's eMapgo Subsidiary Bags Changjiu Expressway's Smart Highway Demonstration Project - Luokung Technology (NASDAQ:LKCO)

Spatial-Temporal intelligent big data services company Luokung Technology Corp’s LKCO subsidiary eMapgo Technologies (Beijing) Co., Ltd. (EMG), a provider of navigation and electronic map services in China, struck a deal for a new generation traffic control network and innovative highway demonstration project for the Changjiu Expressway in the Jiangxi Province of China.
The financial terms of the contract remain undisclosed.
EMG will develop and implement a 3D real-life highway digital management system for the mart highway demonstration project for the Changjiu Expressway.
A digital management system will offer real-time road information and intelligent operation management to support lane navigation, autonomous driving, road coordination, and vehicle-road collaboration (V2X) while increasing safety and decreasing congestion.
Price action: LKCO shares traded higher by 3.61% at $2.01 in the premarket session on the last check Friday.