BEIJING, Aug. 3, 2020 /PRNewswire/ -- Ambow Education
Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a
leading national provider of educational and career enhancement
services in China, today announced
the official launch of Huanyujun Education Hub ("Huanyujun"), a
next-generation online-to-offline education SaaS platform,
bolstered by Ambow's proprietary technology-enabled
solutions, dedicated to addressing the elevated demand for a
dynamic learning environment amidst the new conditions brought
about by the global pandemic.
Huanyujun, which consists of education institutes/teachers,
students and shared class rooms, integrates online resources
(panoramic live streaming) with off-line resources (physical
classrooms and teachers). The platform offers educational services
such as career planning, classroom sharing, online courses, and a
variety of tools that support offline learning, drawing on the
following technologies:
- Ambow Panorama Digital Teaching System, which supports a
dual-teacher, real-time teaching environment;
- Space management system powered by Ambow's Smart IoT Engine;
and
- Ambow AI-empowered Learning Engine, which includes teaching and
administration management platforms.
During the COVID-19 outbreak, Ambow joined forces with the
National Integrated Circuit Industry & Education Union, China
Center for Information Industry Development Group, and other
leading industrial technology institutes to launch an education
volunteer program on the Huanyujun Education Hub. The program
features more than 400 livestream courses and lectures highlighting
the power of science and technology to transform business
activities across the economy and people's lives. Leveraging its
core technologies under patent protection both in China and U.S., Ambow empowers students to
improve their online learning outcomes and elevates engineering
education overall. In addition, the Company has successfully
piloted an initiative through the Strategic Career Planning
Consultant ("SCPC") program on Huanyujun.
Dr. Jin Huang, President and
Chief Executive Officer of Ambow, commented, "I am very proud
that Ambow could play an active part in providing continuous
learnings opportunities, service and support to both our existing
users and new users during this period of COVID-19. Underpinned
by our core capabilities in technology, Huanyujun enables
students and working professionals to easily access world-class
scientific and technological content through our diverse digital
educational assets including livestreamed classes and lectures,
cloud classrooms, and online training courses. In the future, we
will further optimize our Huanyujun Education Hub by encouraging
more scientists and academic elites across Greater China
and the U.S. to use our platform for knowledge creation and
dissemination. We will continue to explore more dynamic learning
environments, blending online and offline classrooms, expanding
Ambow's footprint across the globe and maximizing shareholder
value."
About Ambow Education Holding Ltd.
Ambow Education Holding Ltd. is a leading national provider of
educational and career enhancement services in China, offering high-quality, individualized
services and products. With its extensive network of regional
service hubs complemented by a dynamic proprietary learning
platform and distributors, Ambow provides its services and products
to students in 30 out of the 31 provinces and autonomous regions
within China.
Follow us on Twitter: @Ambow_Education
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of 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. Among other things,
the outlook and quotations from management in this announcement, as
well as Ambow's strategic and operational plans, contain
forward-looking statements. Ambow may also make written or oral
forward-looking statements in its reports filed or furnished to the
U.S. Securities and Exchange Commission, in its annual reports to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Forward-looking statements involve inherent risks
and uncertainties. A number of factors could cause actual results
to differ materially from those contained in any forward-looking
statements, including but not limited to the following: the
Company's goals and strategies, expansion plans, the expected
growth of the content and application delivery services market, the
Company's expectations regarding keeping and strengthening its
relationships with its customers, and the general economic and
business conditions in the regions where the Company provides its
solutions and services. Further information regarding these and
other risks is included in the Company's filings with the U.S.
Securities and Exchange Commission. All information provided in
this press release is as of the date of this press release, and
Ambow undertakes no duty to update such information, except as
required under applicable law.
For investor and media inquiries please contact:
Ambow Education Holding Ltd.
Tel: +86 10-6206-8000
The Piacente Group | Investor Relations
Tel: +1 212-481-2050 or +86 10-6508-0677
Email: ambow@tpg-ir.com
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SOURCE Ambow Education Holding Ltd.