Featured Company News – Remark Holdings Received AI Contract for Facial and Object Recognition Technology to Ensure Food Safety in Shanghai

LONDON, UK / ACCESSWIRE / September 29, 2017 / Pro-Trader Daily looks at the latest corporate events and news making the headlines for Remark Holdings Inc. (NASDAQ: MARK), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=MARK. The Company announced on September 27, 2017, that one of the largest state-owned enterprises in China has awarded a seven-figure contract to the Company for providing a facial and object recognition technology to a Shanghai municipal health agency. The technology is intended to ensure that restaurants comply with local food safety laws. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on MARK. Go directly to your stock of interest and access today’s free coverage at:

http://protraderdaily.com/optin/?symbol=MARK

How Technology Works?

The technology, utilizing artificial intelligence (AI), will be initially installed in 200 restaurants and later will be expanded to around 2,000 facilities.
It instantly analyzes the images obtained from an AI device designed by KanKan and attached to cameras installed in a restaurant kitchen.
In the next step, the software detects any violation of the specified food safety laws and extracts screen images, with violation details, that can be reviewed by the health agency.

The Same Safety-Enforcement System can be used in Many Other Situations

Kai-Shing Tao, Chairman and CEO of Remark Holdings, stated that this contract shows that the Company can monetize its AI technology, including facial and object recognition and it sets the foundation to potentially triple its business with the city of Shanghai in 2018 and expand to most of the eight million restaurants located in cities throughout China. He further added that this same safety-enforcement system, which is largely automated, scalable and which helps eliminate human error, can be used in many other situations, such as at construction sites to ensure the use of hard hats and goggles for workplace safety.

KanKan AI Platform

The KanKan AI Platform is designed as a one-stop shop providing small to large enterprises and developers the ability to customize and train their own AI models for their businesses.
Remark Holdings utilizes KanKan’s extensive data sets to train its KanKan AI Platform with millions of supervised and unsupervised samples.
It helps the Company in developing models that extract facial features and recognize objects, such as branded logos, animals or license plates, with a high degree of precision.
Accuracy rate of more than 96% has been observed in KanKan’s facial-recognition and object-recognition technology.

About Remark Holdings Inc.

Founded in 2006, Remark Holdings Inc. focuses on the development and deployment of artificial-intelligence-based solutions for businesses and software developers in many industries. The Company operates KanKan, a social media application and data intelligence platform, which aggregates content and consumer-shopping data across social media platforms. Headquartered in Las Vegas, Nevada, Remark Holdings has additional offices in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China.

Last Close Stock Review

On Thursday, September 28, 2017, the stock closed the trading session at $3.78, slightly down 0.79% from its previous closing price of $3.81. A total volume of 1.31 million shares have exchanged hands, which was higher than the 3-month average volume of 163.38 thousand shares. Remark Holdings’ stock price skyrocketed 68.00% in the last one month, 35.48% in the past three months, and 26.00% in the previous six months. The stock currently has a market cap of $87.77 million.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 476651