BEIJING, Jan. 23, 2019 /PRNewswire/ -- Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today announced it attended the 9th China IP International Annual Forum ("China IP Annual Forum") which was held in Beijing, China, on January 12-13, 2019. Ms. Wei Wang, Gridsum's Intellectual Property (IP) Department Leader, represented the Company where she was recognized with the "2018 Excellent In-house IP Manager in China" award.
Industry experts, government representatives, judges, and scholars from more than 30 countries attended this year's China IP Annual Forum where they discussed the function and value of IP in revitalizing and boosting the real economy as well as its application to business development and innovation.
Gridsum has consistently advocated for strengthened IP protection in China. The Company has filed patents for its big data and AI technologies which builds a strong foundation for future growth. Gridsum has built and integrated a sophisticated IP management system across its business which helps in managing the entire online patent and trademark application process and intelligently monitoring each patent's expiration. As of December 31, 2018, Gridsum has applied for over 2,700 patents, of which big data and AI-related patents account for close to 1,000.
Mr. Guosheng Qi, Chief Executive Officer of Gridsum, commented, "I am extremely proud to see Ms. Wang recognized for Gridsum's IP operation excellence. We highly value IP rights and their key role in pushing technology forward. We will continue to focus on building out and securing our IP in order to protect the value of our R&D activities."
Gridsum Holding Inc. (NASDAQ: GSUM) is a leading provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum's core technology, the Gridsum Big Data Platform and the Gridsum Prophet: Enterprise AI Engine, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum's customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named "Gridsum" to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company's mission is to help enterprises and government organizations in China use data in new and powerful ways to make better informed decisions and be more productive.
Safe Harbor Statement
This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "may," "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Forward-looking statements involve inherent risks and uncertainties. Among other things, quotations from management in this announcement as well as Gridsum's strategic and operational plans are forward-looking statements. Many factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to unexpected difficulties in pursuit of our goals and strategies; reduced demand for our solutions; difficulties keeping and strengthening relationships with customers; potentially costly research and development activities; competition in the digital intelligence market; PRC governmental policies relating to media, software, big data, the internet, internet content providers and online advertising; and general economic and business conditions. Further information regarding these and other risks is included in Gridsum's reports filed with, or furnished to, the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.
For more information, please visit http://www.gridsum.com/.
Mr. Christian Arnell
Mr. Tip Fleming
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SOURCE Gridsum Holding Inc.