By Chris Wack
Luokung Technology Corp. shares were up 11% to $2.15 after the company said its wholly owned eMapgo Technologies (Beijing) Co. subsidiary has entered into a contract to deliver a new generation traffic control network and smart highway demonstration project for the Changjiu Expressway in the Jiangxi Province of China.
Under the contract, eMapgo will be responsible for the development and implementation of a three-dimensional real-life highway digital management system for the new generation smart highway demonstration project for the Changjiu Expressway.
A digital management system will provide real-time road information and intelligent operation management to support the latest smart transportation, such as lane navigation, autonomous driving, road coordination and vehicle-road collaboration, while increasing safety and decreasing congestion for improved road maintenance and management.
Write to Chris Wack at chris.wack@wsj.com
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