NQ Mobile Inc. Announces Further Developments in its Smart Ride Business by Forming a Partnership with Hangzhou First Technol...

BEIJING, Feb. 6, 2018 /PRNewswire/ -- NQ Mobile Inc. ("Link Motion" or the "Company"), a leading smart car and smart ride company, today announced that it has formed a partnership agreement with Hangzhou First Technology Co., Ltd. (Chinese Name: 杭州伯坦科技工程有限公司 or "Botan"), a leading car design and engineering company. According to the partnership, Botan will assist the Company in the redesign of the smart cars that will be utilized as part of the Smart Ride business to be commercially rolled out soon. The smart cars will be designed specifically with the passenger in mind and will create a "Smart Space" that can be used for entertainment and productivity. Botan will serve a key role in the car-related aspects of the Company's smart ride business roll out.

"We believe the smart cars of the future will become a moving personalized 'Smart Space' for passengers." Said Dr. Vincent Wenyong Shi, Chairman of NQ Mobile Inc. "By combining our own CarBrain and smart space services and working with Botan, we are reinventing the car with the passengers in mind and creating a seamless internet lifestyle for them to enjoy their time during the ride. This will be the foundation of our Smart Ride business."

"We are pleased to be working with Link Motion as they roll out a new passenger-centric and services-focused ridesharing fleet." said Mr. Liang Nie, Chairman of Botan. "We believe that the future opportunity in car design and manufacturing will be centered around how to allow the passengers to utilize their ride times more enjoyably and productively. Botan is positioned strategically to help Link Motion deliver on their drive to deliver this passenger experience within their smart ride business."

The Company unveiled its plans to rollout its smart ride business during the summer in a press release on January 22, 2018. The Company's mission will be to help passengers enjoy their riding time by offering "Smart Space" services inside of passenger-centric smart cars.

About Hangzhou First Technology Co., Ltd.

Hangzhou First Technology Co., Ltd. (Chinese Name: 杭州伯坦科技工程有限公司 or "Botan") was established in 2014 as a leading engineering company servicing the new age of the automotive industry. The company's mission is to establish a new organizational approach for the automotive industry and to build a platform-based ecosystem of intelligent manufacturing. The Company focuses primarily on the future of electric vehicles including car design, energy supply logistics, smart manufacturing, and other services.

About NQ Mobile Inc.

NQ Mobile Inc. ("NQ" NYSE: NQ) is a leading smart ride business. The Company'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 the Company, please visit http://www.lkmotion.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.

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SOURCE NQ Mobile Inc.

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