BEIJING, Jan. 22, 2018 /PRNewswire/ -- NQ Mobile Inc.
("NQ Mobile" or the "Company"), a leading smart car
and smart ride company, today announced that its board of directors
has approved a rebranding effort around its new focus as a smart
car and smart ride company. In conjunction with this
rebranding, the Company proposes to change its name from "NQ
Mobile Inc." to "Link Motion Inc." and change its ticker
from "NQ" to "LKM." The Company will hold
an extraordinary general meeting of shareholders at the office of
Skadden, Arps, Slate, Meagher, & Flom, 42/F, Edinburgh
Tower, The Landmark, 15 Queen's Road Central, Hong Kong on
February 27, 2018 at 9 a.m. (Beijing Time). Holders of record of
common shares of the Company at the close of business
on January 29, 2018 are entitled to notice of, and to
vote at, the extraordinary general meeting or any adjournment or
postponement thereof. Holders of the Company's American Depositary
Shares ("ADSs") who wish to exercise their voting rights for the
underlying common shares must act through the depositary of the
Company's ADS program, Deutsche Bank Trust Company Americas. The
purpose of the extraordinary general meeting is for the Company's
shareholders to consider, and if thought fit, approve the change of
the Company's legal name from "NQ Mobile Inc." to "Link
Motion Inc." and to change the ticker from "NQ" to
"LKM." The notice of the extraordinary general
meeting, which sets forth the resolutions to be submitted to
shareholder approval at the meeting, is available on the Investor
Relations section of the company's website
at http://ir.nq.com.
With this new branding and name change, Link Motion Inc.
("Link Motion"), will strive to redefine the value and
significance the vehicle has in people's lives through a smart ride
service that enables the passengers to utilize their riding time in
any way they desire.
The core product offering of the smart car platform is the Link
Motion Carputer Platform. The carputer platform is a
technology-enabling platform that brings the software-defined car
capabilities to car makers. The carputer integrates software
and hardware solutions and addresses the performance needs for
security, entertainment, display, telematics, driving services,
among other applications. At the CES Conference in
Las Vegas on January 10, 2018, Link Motion also introduced the
next generation carputer platform, the CarBrain, which will fully
support and integrate with artificial intelligence and blockchain
applications and technologies.
The Smart Ride business will link drivers 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 and drivers 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.
"NQ Mobile was founded for the smartphone era, "said Dr.
Vincent Wenyong Shi, Chairman of NQ
Mobile Inc. "Link Motion is positioned for the future smart car
revolution. Just as smartphones became far more valuable to
people than basic communication devices the automated, intelligent
car will never just be a vehicle for getting from Point A to Point
B in the future. The future of mobile computing infrastructure is
the smart car and the smart ride service offerings that enable
passengers to utilize the space and time in these vehicles. We are
moving forward into this future with Link Motion."
An investor presentation with more information about the new
smart ride and smart car business can be found at the website
http://www.ir.nq.com.
About NQ Mobile Inc.
NQ Mobile Inc. (NYSE: NQ) is a leading smart ride
business. NQ Mobile'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 NQ Mobile, please
visit http://www.nq.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.
Investor Relations:
NQ Mobile Inc.
Email: investors@nq.com
Phone: +1 469 310 5281
Phone: +86 10 6452 2017
Twitter: @NQMobileIR
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SOURCE NQ Mobile Inc.