Remark Holdings Stock

Remark Holdings, Inc., and its subsidiaries (Remark) engages in the diversified global technology business with leading artificial intelligence (AI) and data-analytics, as well as a portfolio of digital media properties.

The company primarily sells AI-based products and services. The company recognizes revenue substantially all of its revenue from China, with additional revenue from sales in the U.S.

The company's artificial intelligence (AI) and data analytics solutions continue to gain worldwide awareness and recognition through comparative testing, product demonstrations, media exposure, and word of mouth. The company continues to see positive responses and increased acceptance of its software and applications in a growing number of industries. The company intends to expand its business in three major regions, the Asia-Pacific, North America, and Europe. The Asia-Pacific region has a fast-growth AI market with significant opportunities for the company's solutions. In North America, primarily in the United States, and in Europe, the company sees robust demand for AI products and solutions in a growing number of industries, including potential growth opportunities particularly in the workplace, schools, transportation and public safety markets. The company continues to pursue large business opportunities where it can quickly deploy its software solutions in the market segments.

AI Business

The company develops to deliver AI-based computer vision products, computing devices and software-as-a-service solutions for businesses in many industries. It continues to partner with top universities on research projects targeting algorithm, artificial neural network and computing architectures.

The primary focus of the company's business is promoting and facilitating the safety of its customers and their customers through its Smart Safety Platform (the SSP). The SSP is a leading software solution for using computer vision to detect persons, objects and behavior in video feeds. Real-time alerts from the SSP allow operations staff to respond rapidly to prevent any events or activities that can endanger public security or workplace safety.

The company deploys the SSP to integrate with each customer's IT infrastructure, including, in many cases, cameras already in place at the customer's locations. When necessary, the company also sells and deploys hardware to create or supplement the customer's monitoring capabilities. Such hardware includes, among other items, cameras, edge computing devices and/or the company's Smart Sentry units. The Smart Sentry is an example of how the company incorporates the SSP in modern IT architectural concepts, including edge computing and micro-service architectures.

The company customizes and sells its innovative AI-based computer vision products and solutions, including the SSP, to customers in the retail, construction, public safety, workplace safety and public sector markets. The company has also developed versions of its solutions for application in the transportation and energy markets.

Intellectual Property

The company owns 33 copyright registrations and nine AI-related patents, with 27 AI-related patents pending in China.

Competition

The company's AI products compete with companies, such as SenseTime, Face++, Google, GoGoVan, WeLab, and others, while it competes with companies, such as PricewaterhouseCoopers, Hewlett Packard, Baidu, and others for business in the AI solutions market space.

Governmental Regulation

The company incorporates the principles of the European Union (EU) General Data Protection Regulation (GDPR) into its internal data protection policy for its product development and solution implementation. In addition, the company voluntarily hires an independent, authorized third party in Germany to conduct a GDPR audit of its privacy practices. The audit found that the company is compliant with the GDPR principles.

History

The company was founded in 2006. It was incorporated in Delaware in 2006. The company was formerly known as Remark Media, Inc. and changed its name to Remark Holdings, Inc. in 2017.