Sharing Economy International Inc (SEII)

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WE GOT THE NEWS$$$ Sharing Economy and Suzhou Su Xin Rui Shi Technology Proposed Strategic Partnership
NEWS PROVIDED BY
Sharing Economy International Inc.
Apr 04, 2022, 08:00 ET
Hong Kong, April 4, 2022 /PRNewswire/ -- 3D Discovery Co., Ltd, a fully owned subsidiary of Sharing Economy International Inc. ("SEII") (OTCQB: SEII), announced today that it has signed a Strategic Framework Agreement with Suzhou Su Xin Rui Shi Technology Co. Ltd. The two companies will form a joint venture company to develop a Metaverse platform based on Su Xin Rui Shi's naked-eye 3D technology.

Su Xin Rui Shui is a naked-eye 3D display technology research and development company, dedicated to the development and industrialization of 3D light field real-time rendering engine technology. They have three core technologies:

A light field reconstruction algorithm based on backlight matching technology;
A programmable real-time 3D Light Field rendering engine based on human eye bio-stereoscopic vision;
A fusion algorithm between stereoscopic image source and virtual scene.
Under the Strategic Framework Agreement, the two companies will form a joint venture company in Hong Kong for the development of a Metaverse platform. 3D Discovery will hold 60% equity of the joint venture company responsible for the business promotion and business development of the Metaverse platform, and Su Xin Rui Shui will hold 40% equity of the joint venture company responsible for technology research and development, application development and customer services.

The two companies expect to complete the joint venture partnership and signing the Joint Venture Cooperation Agreement within 45 days after the Strategic Framework Agreement signed.