BEIJING, April 3, 2023 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced the construction of an immersive multi-source information fusion-based interactive holographic system.

Multi-source information fusion can obtain higher-quality information, a functional simulation of the human brain's integrated processing of complex problems. The system can eliminate the noise and outliers in the input information for the redundancy of multi-source details. On the other hand, multi-source information is complementary and can be used to obtain valuable information relevant to practical applications and maximize the complete description.

As a cutting-edge technology of the times, holographic technology combines simulation technology with computer graphics, human-machine interface, sensing, and multimedia to build virtual scenes. The integration of its presented 3D images with the actual physical world is achieved in an almost transparent interface, so it has a strong sense of reality and presence. It can create disruptive experiences, realize virtual interactions across time and space, and create real live communication.

The system is capable of communicating across time and space and creating a technological system that enables a virtual natural environment to act on the human body and generate a variety of sensory and physical responses. The system implements perceptual systems such as visual, auditory, and tactile immersion and behavioral systems such as orientation, language immersion, and expression system immersion.

The applications of WiMi's systems can be divided into the individual consumer market and the enterprise market. The former includes immersive multimedia, digital games, and other experiences, while the latter mainly has exhibition, medical, architecture, education, tourism, and different scenarios. Continuously exploring and expanding the commercialization of interactive holographic immersion systems based on multi-source information fusion will be the direction of WiMi's future efforts.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains "forward-looking statements" within the 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. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company's strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company's annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.