WIMI obtained the US trademark registration certificate to expand the US market

BEIJING, March 22, 2022 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading global holographic AR application technology provider, today announced that WIMI's brand WiMi Hologram Softlight has successfully obtained the Trademark registration certificate issued by United States Patentand Trademark Office. This trademark will help the company to further improve the intellectual property protection system, maintain the leading position in technology, and enhance the company's core competitiveness.

Mr. Shuo Shi, CEO of WIMI, commented, " We think the acquisition of the trademark registration certificate, on the one hand, helps the company to strengthen trademark protection overseas, which is conducive to strengthening the protection of the company's registered trademarks overseas, it can prevent the occurrence of infringement events, and safeguard the company's intellectual property rights and interests; On the other hand, it helps to improve the company's brand awareness in the international market and has positive significance for the development of the international market. WIMI is currently the world's leading holographic platform that has established a complete holographic technology research and development system, holographic content production and reserve system, and holographic commercialization system. The demand for AR and VR products will continue to grow with the popularity of Metaverse and technological breakthroughs. WIMI's holographic XR head-display products "WIMI Hologram SoftLight" and "WIMI HoloPluse LiDAR" have been licensed and approved by the FEDERAL Communications Administration to enter the U.S. market. In the first half of 2021, WIMI's global operating revenue increased by about 202.2% year on year, WIMI's gross profit increased by 189.8% year on year, WIMI's net profit increased by 40.3% year on year, and WIMI's R&D expenses increased by 463.6% year on year. WIMI is investing heavily in research and development to maintain its competitive edge in the Metaverse and holographic AR industries. With the widespread adoption of Metaverse, the holographic cloud and VR industry where WIMI is will see explosive growth. We will continue to create long-term value for the company's shareholders by taking advantage of the growth opportunities in the Metaverse market and continuing to improve our Metaverse product matrix and expand our Metaverse market share."

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc.(NASDAQ: WIMI) was founded in 2015, which 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, Metaverse holographic AR and VR equipment, Metaverse holographic cloud software 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 virtual communication, Metaverse holographic AR technology, Metaverse virtual cloud service,and other holographic AR technologies.

Safe Harbor Statements

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SOURCE WiMi Hologram Cloud Inc.