WIMI Hologram's US IPO Listing a Strong Technology Play
BEIJING, Jul 08, 2019 - (ACN Newswire) - WIMI Hologram's IPO prospectus for the US capital markets, filed with the Securities and Exchange Commission (SEC) on June 27, makes clear the company's position on technology. Since its inception, WIMI has devoted most of its research and development resources to software development. Its software engineering team is responsible for building the company-wide software platform, supporting the integration of its products and applications within its cloud infrastructure, and producing WIMI's holographic AR-related and MR-related software and solutions, licensed to its entertainment industry customers.
WIMI has developed an innovative business model with fundamental strengths that positions it for continued leadership. It is the leading holographic augmented reality (AR) application platform in China, in terms of total revenue in 2018, according to Frost & Sullivan, and has built the most comprehensive and diversified holographic AR content library among all holographic AR solution providers in China. Its mission is to be the creator of the largest holographic AR ecosystem in China.
Content Production
Set out in the Company's prospectus, WIMI's leading holographic AR content production capabilities are built around image acquisition, object recognition, automated image process, and computer vision technologies. It's engineering team and visualization design team work closely to consistently advance such visualization-related technologies and harness them to design and produce innovative holographic AR contents. Through real-time computer vision algorithms which provide an accurate pose estimation, scene recognition and tracking can be performed within seconds. Such cutting-edge algorithms also allow WIMI to perform visualization of photorealistic high-resolution renderings of products on a pixel basis.
While most peer companies may identify and capture 40 to 50 blocks of image data within a specific space unit, WIMI can collect 500 to 550 blocks, according to Frost & Sullivan. WIMI's speed of image processing is 80% faster than the industry average, leading to improved operational efficiency. During scene reconstruction, WIMI's automated image processing tools can perform noise cleaning and feature enhancement on the image it initially captured, enabling them to create best-in-class holographic AR designs with an industry-leading simulation degree.
Content Library
WIMI has built a comprehensive holographic AR content library as compared with peers in China. The formats of its holographic AR contents range from 3D models to holographic short videos. As of December 31, 2018, WIMI owned 4,654 ready-to-use AR holographic contents that were available to be adapted to its holographic AR products and solutions covering a wide category, including animals, cartoon characters, vehicles and foods. Among them, 2,961 proprietary and licensed intellectual properties ("IP") were for education scenarios, 851 for tourism, 739 for arts and entertainment and 103 for popular science. In addition, the Company's content library is also enriched by copyrighted contents it has licensed from third parties. It cooperates with various content owners, including brands, film producers and talent agencies, to adapt high-quality, popular IPs into holographic AR formats.
WIMI believe that the next-generation cloud delivery technology provides the flexibility and scalability necessary for holographic AR experience. Cloud technology is of high importance to build its comprehensive holographic AR ecosystem. It has developed its cloud architecture to work effectively in a flexible cloud environment that has a high degree of elasticity. Meanwhile, benefiting from its cloud storage and connecting capabilities, users of our integrated holographic AR software are able to access its large-size holographic AR content library on their native devices.
Big Data Capability
WIMI has developed advanced data analytics capabilities to derive actionable insights from the large amounts of data it collected from products and third-party sources. Currently, it has infiltrated a solid end-user base of approximately 350 million from which we are able to collect raw data. The Company's processing capabilities enable it to manage extremely large volumes of data and deliver real-time analysis at scale, making it possible to continue to improve and innovate its products and services. It's data mining and user behavioral data analytics technologies allow it to build and segment context-rich user profiles and apply such analysis in numerous applications. For instance, it has created over 2,000 user tags by analyzing user data collected through holographic AR advertising services. WIMI is also in the process of developing ads performance tracking and evaluation tools.
WIMI has developed a professional media player specifically designed for holographic AR contents. It has built-in a comprehensive set of setting parameters and editing tools used for holographic AR content playback and allows end-users to playback complex high-fidelity simulations quickly and cost-effectively. End-users are able to adjust the contrast, saturation and vibrancy of the displayed holographic AR content and create their own custom visual effect.
Experienced Management Team and Market Potential Across the Holographic AR Value Chain
Finally, WIMI benefits significantly from the experience of its founder and senior management team, who have been successfully riding the growth wave in China's booming holographic AR industry. This management team becomes the subject of the next article in this series. As holography and AR continue to proliferate, China's holographic AR market is fast-growing and evolving. According to Frost & Sullivan, the total market size of China's holographic AR industry in terms of total revenues is expected to grow from RMB 3.6 billion in 2017 to RMB 454.8 billion in 2025.
Source: U.S. SEC - FORM F-1, WiMi Hologram Cloud Inc. as filed with Securities and Exchange Commission (SEC), June 27, 2019. To learn more, please visit http://www.wimiar.com/ or contact info@wimiar.com.
Source: WiMi Hologram Cloud, Inc. Sectors: Cloud & Enterprise, Digitalization, Automation [IoT]
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
Latest Press Release
POSCO Future M and Honda Reach Basic Agreement on Collaboration for Production of Cathode Materials for Automotive Batteries in Canada Apr 29, 2024 14:25 JST
| Honda Plans to Establish Comprehensive Electric Vehicle Value Chain in Ontario, Canada Apr 29, 2024 14:16 JST
| JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan Apr 26, 2024 10:00 JST
| Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024 Apr 25, 2024 18:21 JST
| MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park Apr 25, 2024 17:45 JST
| GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series Apr 25, 2024 16:50 JST
| Toyota Exhibiting at Beijing Motor Show 2024 Apr 25, 2024 16:25 JST
| Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada Apr 25, 2024 11:10 JST
| UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh Apr 25, 2024 09:00 JST
| Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date Apr 24, 2024 17:19 JST
| MC and Denka Sign J/V Agreement in Fullerene Business Apr 24, 2024 17:02 JST
| Mitsubishi Motors Posts Record Sales in the Philippines in FY2023 Apr 24, 2024 13:56 JST
| NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance Apr 24, 2024 13:25 JST
| Fujitsu SX Survey reveals key success factors for sustainability Apr 23, 2024 10:25 JST
| Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions Apr 22, 2024 16:09 JST
| NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II Apr 22, 2024 15:09 JST
| Soft Space Launches the First and Only JCB Payment Gateway in Malaysia Apr 22, 2024 15:00 JST
| TOYOTA GAZOO Racing takes a one-two in Croatian thriller Apr 22, 2024 10:47 JST
| First-ever Mazda CX-80 Crossover SUV Unveiled in Europe Apr 19, 2024 13:50 JST
| Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces Apr 19, 2024 10:17 JST
|
More Latest Release >>
|