Remark Holdings MARK Stock News

Remark Holdings Inc (NASDAQ: MARK) is making a run for the top in the market this morning, following up on the strong gains that we’ve seen out of the stock as of late. The gains started after the company announced that it is producing technology to help the global economy reopen in the face of the COVID-19 pandemic just over a week ago. Here’s what’s going on:

MARK Stock Continues Skyward On COVID-19 News

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In the press release that was published announcing the company’s work, Remark said that it began shipping and deploying products from a family of AI thermal solutions to both the United States and Japan. These solutions include Thermal Kits, Thermal Pads, and Thermal Helmets.

Ultimately, in the face of COVID-19 we are seeing a serious need to use thermal detection technology as a first-level screening tool to prevent the spread of the condition. In fact, I personally have a herniated disc in my back that requires physical therapy. Before walking through the doors, my temperature is checked at every single appointment, and believe it or not, it adds a level of comfort to walking through those doors.

Thermal equipment like the equipment being shipped out by MARK gives employers an ability to protect their employees and businesses, schools, and other entities the ability to provide a healthier environment.

Importantly, traditional thermal imagers and temperature devices require human interaction. Essentially, a human operator must scan temperatures at security checkpoints. Unfortunately, that means that the human operating the equipment may be at risk if someone being tested is infected.

With the AI based solutions provided by MARK, human involvement is no longer necessary, making this a safer way to address frontline screening.

In a statement, Kai-Shing Tao, CEO at MARK, had the following to offer:

We are proud that customers such as casinos, entertainment venues, government agencies, hospitality organizations, industrial operations, law enforcement, and retail establishments have placed their trust in our AI-based thermal products to function as part of the solution for reopening the U.S. economy. Our solutions provide touch-free access control and monitoring, as well as accurate temperature measurement and the ability to scan as many as 120 people per minute, a rate that is approximately 10 times faster than manual checks. Our solutions also filter out non-human heat sources and provide security personnel with real-time alerts with photo identification.

We designed our family of thermal detection products to meet the specific needs of our customers. While thermal-imaging camera technology has been available for years, we have created what we believe are industry-leading solutions by integrating our award-winning AI software with very high-grade thermal-imaging cameras. Additionally, our AI-based temperature scanning solutions have operated successfully in Asia for nearly a year.

This Stock Could Continue To Run

The excitement surrounding Remark Holdings is simple. At the end of the day, with the advantages brought about by the company’s AI screening technology, demand for this technology in today’s COVID-19 pandemic riddled world, is likely to be incredibly high.

Considering this, it only makes sense that with the launch of these products and shipments already heading out to Japan and the United States, we can expect to see substantial improvements in revenue.

Considering all of this, MARK stock is one that is hard to ignore.

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