LAS VEGAS, May 14, 2019 /PRNewswire/ -- Remark Holdings,
Inc. (NASDAQ: MARK), a diversified global technology company with
leading artificial intelligence (AI) solutions and digital media
properties, today announced a $6
Million contract for 2019 to deploy an additional 15,000 AI
Driven Terminals for its Pharmacy Patient Terminal System.
Building upon the successful initial deployment of its AI-driven
pharmacy terminal network in Sichuan province in the fourth quarter of
2018, upon which 5,000 Terminals were delivered and recognized as
revenue, Remark is expanding its deployment to 30 cities, and
15,000 additional stores, covering more than 10,000 doctors and
medical teams and serving over 40 million patients, while issuing
more than 100,000 prescription every day. There are approximately
480,000 pharmacies in total in China.
Remark is providing the membership management system, including
facial ID and back-end service platform to support the
online-pharmacy terminal network. When patients talk with a doctor
via an in-store terminal, Remark's membership system will acquire
the patient's face, identify the patient and deliver his or her
medical history, including previous prescriptions. The system will
then automatically provide corresponding doctors with the patient's
portrait analysis, allowing the doctors to diagnose the patient and
issue a prescription.
"Our AI-based pharmacy terminal system represents a highly
innovative use of our technology in addressing China's overburdened healthcare system from
the standpoint of simplifying everyday doctor/patient interactions
and speeding the diagnosis and prescription process," said
Kai-Shing Tao, Chairman and Chief
Executive Officer of Remark Holdings. "We're well underway in
deploying our AI-backed retail terminal system and demonstrating
the power of our highly accurate facial identification and retail
management technology. As we continue to scale our terminal
footprint towards more locations, we expect recurring value-added
services revenue to grow as well. This is just one example of our
ability to develop highly tailored and accessible AI solutions for
multiple industries, with the goal of solving specific issues,
driving efficiencies and fostering more informed and successful
business and institutional ecosystems."
Remark's terminal system allows pharmacies to fully take
advantage of the platform and tools to directly prescribe
medications to patients after online consultation, supporting a
streamlined process and increased revenue. For patients, the
terminal system is exempted from the complicated procedures of
queuing in hospitals, achieving medical convenience and delivering
primary care service at the patient's fingertips. For the
government, all prescription drug information and sales records are
stored in the system, which helps to strengthen management of drug
purchase and sales and combat sales of recycled drugs in order to
ensure medication safety.
About Remark Holdings, Inc.
Remark Holdings, Inc.
(NASDAQ: MARK) delivers an integrated suite of AI solutions that
enable businesses and organizations to solve problems, reduce risk
and deliver positive outcomes. The company's easy-to-install AI
products are being rolled out in a wide range of applications
within the retail, financial, public safety and workplace arenas.
The company also owns and operates digital media properties that
deliver relevant, dynamic content and ecommerce solutions. The
company is headquartered in Las Vegas,
Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please
visit the company's website at www.remarkholdings.com.
Forward-Looking Statements
This press release may
contain forward-looking statements, including information relating
to future events, future financial performance, strategies,
expectations, competitive environment and regulation. Words such as
"may," "should," "could," "would," "predicts," "potential,"
"continue," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," and similar expressions, as well as
statements in future tense, identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and
other factors, including those discussed in Part I, Item 1A. Risk
Factors in Remark Holdings' Annual Report on Form 10-K and Remark
Holdings' other filings with the SEC. Any forward-looking
statements reflect Remark Holdings' current views with respect to
future events, are based on assumptions and are subject to risks
and uncertainties. Given such uncertainties, you should not place
undue reliance on any forward-looking statements, which represent
Remark Holdings' estimates and assumptions only as of the date
hereof. Except as required by law, Remark Holdings undertakes no
obligation to update or revise publicly any forward-looking
statements after the date hereof, whether as a result of new
information, future events or otherwise.
Company Contact:
Alison Davidson
Remark Holdings, Inc.
adavidson@remarkholdings.com
702-701-9514
Investor Relations Contact:
Brad Edwards
The Plunkett Group, Inc.
Brad@ThePlunkettGroup.com
914-582-4187
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SOURCE Remark Holdings, Inc.