CUPERTINO, Calif., Oct. 7, 2024
/PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO)
("Ambow" or the "Company"), an AI-driven educational
technology company, today announced that it has entered into a
$1.3 million non-exclusive, annually
renewable licensing agreement with Inspiring Futures Pte. LTD. This
agreement grants licensing authorization for the production of the
HybriU AI UniBox and the sale of HybriU, a comprehensive AI-driven,
plug-and-play educational solution, in international markets. The
agreement aligns with Ambow's mission to advance the future of
education and empower educators and students globally.
"This partnership extends HybriU's presence in the rapidly
growing global digital education sector," said Dr. Jin Huang, Ambow's President, Chief Executive
Officer, and acting Chief Financial Officer. "As more international
partners join in the sale of HybriU, we can focus on expanding our
presence in key U.S. markets, where we believe HybriU is currently
the only available 5-in-1 total solution. It seamlessly integrates
AI—empowering five key domains: teaching, learning, connectivity,
recording, and management—along with lecture capture, immersive
technology, and a comprehensive management platform designed
specifically for the education sector. HybriU delivers a unified
learning experience that transcends the boundaries of both online
and offline education, bridges language and regional divides, and
connects academia with industry."
HybriU's cutting-edge 3D solution includes 3D signal capture,
recording, transformation, and remote display capabilities. It
supports broadcasting life-sized 3D projections of professors in
remote classrooms via a 3D LED wall, enabling a highly immersive
learning experience. Learners can engage in their native language
while interacting with the 3D content, making the platform
accessible and effective across diverse linguistic and regional
boundaries.
Based in Singapore, Inspiring
Futures brings extensive experience in the education sector, with a
strong focus on educational intelligence and network connectivity
within Asian markets. The company is now looking to expand
internationally, targeting regions with a growing demand for
high-quality education and advanced technology integration. Through
strategic partnerships and relationships with key stakeholders,
Inspiring Futures aims to deliver innovative solutions while
positioning itself as a trusted partner in the global education
landscape.
About Ambow
Ambow Education Holding Ltd. is a U.S.-based, AI-driven
educational technology company dedicated to empowering educational
institutions, educators, and students through cutting-edge AI and
connectivity solutions tailored specifically to the education
sector. With our innovative HybriU technology and the operation of
the prestigious New School of Architecture
& Design in San Diego,
California, Ambow is committed to delivering unmatched,
personalized, and impactful career education services, alongside
advanced AI-driven digital education technologies and solutions.
For more information, visit Ambow's corporate website at
https://www.ambow.com.
Follow us on X: @Ambow_Education
Follow us on LinkedIn: Ambow-education-group
Safe Harbor Statement
This press release contains statements of a forward-looking
nature. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. You can identify these forward-looking statements by
terminology such as "will," "expects," "believes," "anticipates,"
"intends," "estimates" and similar statements. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions,
estimates and projections about Ambow and the industry. All
information provided in this press release is as of the date
hereof, and Ambow undertakes no obligation to update any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although Ambow believes that the expectations
expressed in these forward-looking statements are reasonable, it
cannot assure you that its expectations will turn out to be
correct, and investors are cautioned that actual results may differ
materially from the anticipated results.
For more information, please contact:
Ambow Education
Holding Ltd.
E-mail: ir@ambow.com
or
Piacente Financial Communications
Tel: +1 212 481
2050
E-mail: ambow@tpg-ir.com
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SOURCE Ambow Education Holding Ltd.
