QINGDAO, China, Jan. 29, 2021 /PRNewswire/ — SOS Restricted (NYSE: SOS) (the “Firm” or “SOS”) introduced in the present day that it has accomplished the preliminary steps of the execution of its blockchain technique, and efficiently developed cutting-edge firewall system, private organic info storage system, and antivirus system all of that are primarily based on blockchain and AI. Copyright of those software program techniques have been registered with the PRC Copyright Safety Heart.
As well as, SOS additionally owns near 100 software program copyrights and 4 certification, all of that are associated to cloud computing for rescue and insurance coverage advertising and marketing, and blockchain-based Infrastructure. These mental property belongings reveal a stable and full ecosystem for advertising and marketing resolution for the rescue service and insurance coverage business primarily based on blockchain, large knowledge, AI, 5G and satellite tv for pc community in compliance with the business, nationwide and worldwide requirements, equivalent to ISO, and many others.
SOS lately established a subsidiary named “Qingdao SOS Digital Applied sciences Inc.” to be specializing in the analysis of cryptocurrency and blockchain-based insurance coverage, blockchainized safety administration, DeFi, and many others, Dr. Eric (Huazhong) Yan is appointed because the President of this newly created subsidiary. Administration expects to announce extra revolutionary options and merchandise associated to the blockchainized safety framework within the close to future.
SOS Chairman Yandai Wang commented, “R&D is our lifeblood and our progress engine. We anticipate investing 15% of our income in R&D and the annual progress of R&D finances to be over 10% in every of the following 5 yr .”
About SOS Restricted
SOS Restricted, via its working subsidiary, SOS Data Expertise Co., Ltd. (“SOS”) is a high-technology firm offering a variety of providers to its company and particular person members, together with advertising and marketing knowledge, know-how and options for emergency rescue providers. SOS transforms digital know-how into data-driven operations via the analysis and improvement of massive knowledge, cloud computing, Web of Issues, blockchain and synthetic intelligence.
We have now created a SOS cloud emergency rescue service software program as a service (SaaS) platform with three main product classes: fundamental cloud, cooperative cloud, and knowledge. This technique supplies revolutionary advertising and marketing options to shoppers equivalent to insurance coverage firms, monetary establishments, medical establishments, healthcare suppliers, auto producers, safety suppliers, senior dwelling help suppliers, and different service suppliers within the emergency rescue providers business.
SOS has obtained a nationwide high-tech enterprise certification and the title of “large knowledge star enterprise,” awarded by Gui’an New District Authorities. Staying on the forefront of digital know-how innovation, the Firm has registered 99 software program copyrights and a pair of patents. For extra info, please go to: http://www.sosyun.com/
Sure statements made herein are “forward-looking statements” throughout the that means of the “secure harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by way of phrases equivalent to “anticipate,” “consider,” “anticipate,” “estimate,” “plan,” “outlook,” and “mission” and different comparable expressions that predict or point out future occasions or tendencies or that aren’t statements of historic issues. Such forward-looking statements embody timing of the proposed transaction; the enterprise plans, goals, expectations and intentions of the events;, SOS’s estimated and future outcomes of operations, enterprise methods, aggressive place, business surroundings and potential progress alternatives market acceptance of our merchandise; the final word influence of the present Coronavirus pandemic, or another well being epidemic, on our enterprise, our analysis applications, healthcare techniques or the worldwide economic system as an entire; our mental property; our reliance on third social gathering organizations; our anticipated monetary and working outcomes, together with anticipated sources of revenues; our assumptions concerning the scale of the obtainable market, advantages of our product providing, product pricing, timing of product launches; administration’s expectation with respect to future acquisitions; statements concerning our objectives, intentions, plans and expectations, together with the introduction of latest merchandise and markets; and our money wants and financing plans and and many others. These forward-looking statements replicate the present evaluation of present info and are topic to numerous dangers and uncertainties. Consequently, warning should be exercised in counting on forward-looking statements. SOS could not understand its expectations, and its beliefs could not show right. As a consequence of recognized and unknown dangers, our precise outcomes could differ materially from our expectations or projections. All forward-looking statements attributable to the Firm or individuals appearing on its behalf are expressly certified of their entirety by these components. Aside from as required beneath the securities legal guidelines, the Firm doesn’t assume an obligation to replace these forward-looking statements.
Extra info regarding these and different components which will influence our expectations and projections will be present in our periodic filings with the SEC, together with our Annual Report on Kind 20-F for the fiscal yr ended December 31, 2019. SOS’s SEC filings can be found publicly on the SEC’s web site at www.sec.gov. SOS disclaims any obligation to replace the forward-looking statements, whether or not because of new info, future occasions or in any other case.
SOURCE SOS Restricted