BEIJING, May 24, 2023 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced the development of a VR-based Remote Collaboration System using communication technologies, and human-computer interaction. The system creates a shared immersive space that can be interacted with, enabling a multi-person remote collaboration work environment that breaks geographical and time constraints and improves collaboration efficiency and productivity.

First, the system uses VR technology to create a shared virtual space and then uses a graphics rendering engine to render the VR scenes to ensure user experience in the virtual environment. The system can transmit the VR scene data of multiple users to the server side for processing and synchronize the actions and operations of different users to the server side through data synchronization and present them on the terminals of other users. Users can transmit voice, gesture, and other data to other users through the network. After recognizing the user's actions and commands, the system can update the state and scene of the virtual world in real-time to achieve collaborative and natural interaction. In addition, the VR interaction interface enables the assignment and execution of joint tasks and the sharing of resources. Multiple users interact with 3D objects in a collaborative AR environment to understand each other's completed work and ultimately complete collaborative tasks. Immersive collaboration platforms are more expressive than 2D video remote platforms and have the advantage of being able to share common goals accurately. When using a full-body avatar to collaborate realistically in a virtual environment, the sense of physical ownership is enhanced, and immersion is increased.

VR remote collaboration systems can eliminate time and space constraints and improve collaboration efficiency. Users can communicate in real-time in virtual space, share information and resources, and work more efficiently. In addition, virtual reality technology uses stereoscopic vision and seamless interaction to provide a more realistic user experience. This is something that traditional remote collaboration tools cannot include. VR remote collaboration system is an innovative model of modern remote collaboration that can be more widely used in the future.

The application and market prospect of VR remote collaboration systems is extensive. In the industrial field, this system can help companies to conduct remote collaboration and training, improving productivity and employee skill levels. In the medical area, it can support medical experts in conducting remote consultations and surgical operations and solve the problem of geographical limitation. It can also give students a more prosperous online learning environment and interactive experience to improve teaching quality. And in the market, as people become more and more interested in virtual reality, the application of this technology will become more and more widespread.

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.

Source: WiMi Hologram Cloud Inc. Related Stocks: NASDAQ:WIMI