Topic: The History of Link Motion Inc.
We commenced operations in October 2005, when our founders incorporated Beijing NQ Technology Co. Ltd. ("Beijing Technology") in China. Beijing Technology is primarily engaged in the research and development of products and services related to mobile security, privacy and productivity. We have been a pioneer in the consumer mobile security industry since 2005.
Prior to our IPO, we received Pre-IPO investments from private equity funds such as Sequoia and Fidelity, and introduced strategic investors such as HTC and Qualcomm. The Company completed its IPO on the NYSE in May 2011. Building upon the success of our mobile security offerings, we expanded our product and service offerings to provide mobile privacy and productivity, and started to offer additional mobile value added services, such as mobile entertainment applications and platforms and other mobile applications. We also started to offer a full set of enterprise mobility solutions. Additionally, we began offering our products and services to our channel partners to provide these products and services to their own users. We also enhanced our ability to monetize our mobile users through advertising and technology licensing.
In order to seize the opportunities arising from the smart car industry, and to position the company for that future development, the company acquired a controlling stake of Linkmotion Holdings Ltd. ("Linkmotion"), a smart car company in 2015. We believe the new focus on smart cars will become our major business focus in the future. With this new major business focus in mind, we completed the divestments of many of our existing smartphone related businesses that would not be a part of our smart car related business focus in the future and changed our name from "NQ Mobile Inc." to "Link Motion Inc."
The Company trades on the NYSE under the ticker symbol of LKM.
No. 4 Building, 11 Heping Li East Street, Dongcheng District, Beijing, 100013, the People's Republic of China
As a company that trades publicly on the NYSE, shares can be bought and sold through your registered representative.
If you are a stockholder of record, please contact our transfer Agent: Deutsche Bank, Depository Receipts, Trust & Agency Services.
General investor questions about us or our common stock?
|Chris Tyson||Luke Zimmerman|
|Managing Director||Senior Associate|
Topic: The Smart Car and Smart Ride Business
In the previous decade, technology innovation and advancement within the mobile landscape has been centered around the smartphone device. We believe the connected automotive and smart car markets will lead mobile innovation and technology advancements over the next decade. Put simply, the smartphone was the dominant technology device of the past and we believe the connected car is the device of the future.
The automotive OEMs and carmakers today are laying the groundwork for the software-defined vehicle for the future. Linkmotion is primarily engaged in development of an optimized software and hardware in-vehicle platform that enables the automotive OEMs and carmakers to provide highly secure, robust, customizable and a fully integrated solution that helps them reduce their overall costs and increase their smart solution offering.
Through Linkmotion, we are selling this hardware and software solution, in the form of our CarBrain platform, directly to the carmakers and OEMs. In addition, we also are selling the platform to public transportation end-markets as well. We expect to utilize the CarBrain platform in our own Smart Ride service as we believe that the smart car of the future will become a personalized mobile "smart space" for passengers to enjoy and use their transportation time to the fullest.
We will bring a full internet experience to passengers, enabling the smart car to act as a "smart space", which will link your home and office to create a seamless internet lifestyle while you are riding from one location to another. Growing urbanization trends in China raise major traffic issues and congestion that are being addressed partially by various ridesharing businesses. We will offer ridesharing services, along with our unique "smart space" services and passenger-centric smart cars, to allow riders to enjoy the time they spend in a car in any way that they desire. Our mission is to help people enjoy their ride time through our smart space services, bringing hardware and car design together with software and services. We will own our own fleet of customized smart cars with a special "smart space" designed for the passenger.
Topic: Financial Information
With the roll out of our new business, we expect to end the year of 2018 on an annualized revenue run-rate of approximately $100 million, or $25 million per quarter.
We would also point you to our IR presentation: (http://ir.lkmotion.com/phoenix.zhtml?c=243152&p=irol-EventDetails&EventId=5267731)
where you will find more information relating to our 2018 expectations for our smart car and smart ride business opportunities.
Topic: Corporate Actions
On November 13, 2017, the board authorized the Company to repurchase up to US$150 million of its shares or convertible notes over the next 12 months and to date we have used $93 million. This included the early redemption of $88 million of the Company's outstanding convertible notes and about $5 million for the repurchase of ADSs on the open market. The average price of the ADSs repurchased so far is $3.95.
Forward Looking Statements
This FAQ sheet 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.