BEIJING, March 1, 2018 /PRNewswire/ -- Link Motion Inc. ("Link Motion" or the "Company") (NYSE: NQ), a leading smart car and smart ride company, has appointed Mr. Duo Tang as executive vice president and the head of the Company's smart ride business.
Mr. Duo Tang is a renowned strategist in the Chinese IT market, where he has successfully overseen the Chinese expansion of major technology firms. Initially spending 16 years in high-level strategic roles at IBM's Department of Systems, Science and Technology in Western China, he later joined Microsoft, where he was most recently the general manager of Microsoft's licensing program in China. Prior to that, he was Microsoft's general manager of operations. At Microsoft, he pioneered the company's strategic development efforts in the Chinese market, specifically within the licensing, IoT and cloud services verticals.
"We have been preparing our organization, our business strategies, and an industry ecosystem for the future with Link Motion," stated Dr. Vincent Wenyong Shi, Chairman of Link Motion. "The appointment of Mr. Duo Tang as executive vice president and head of Link Motion's smart ride business is a strategic part of our continued initiative to transform the ridesharing industry in China. His leadership experience in the IT industry, most notably as the general manager of Microsoft's China operations, will be a valuable asset as we build our smart ride business in the Chinese market."
"I have always embraced the confidence and love for China's development in recent decades and am excited to leverage my 20 years of entrepreneurial spirit and creativity, as well as my deep understanding of China's economy and commerce to assist Link Motion with one of the most transformative technology platforms I have ever seen," said Mr. Duo Tang. "The upcoming launch of Link Motion's smart ride business will not only improve China's carbon footprint but will also expand its global economic development."
Link Motion's smart ride business will link passengers and riders together by utilizing smart cars which will ultimately be powered by Link Motion's CarBrain platform. This ride sharing business will provide riders with a differentiated set of services and applications in a connected and intelligent "Smart Space" service and car. The Company's mission will be to help passengers enjoy their riding time by smart space services and passenger-centric smart cars. This smart ride service will be rolled out during the summer of 2018.
About Link Motion Inc.
Link Motion Inc. ("Link Motion" or the "Company") (NYSE: NQ) is a leading smart car and smart ride company. Link Motion's portfolio of offerings includes enabling technology solutions and secure connected carputers for the ecosystem of car businesses, consumer ride sharing services, as well as legacy mobile security, productivity and other related applications. For more information on Link Motion, please visit www.lkmotion.com.
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. 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. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
Media & Investor Relations
MZ North America
Chris Tyson
Managing Director
949-491-8235
LKM@mzgroup.us
www.mzgroup.us
Luke Zimmerman
Senior Associate
949-259-4987
LKM@mzgroup.us
www.mzgroup.us
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