BEIJING, Oct. 22, 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
that students at the Hebi Foreign Language High School, one of
Company's partner schools using Ambow's AI-empowered Bopo English
program, have achieved outstanding English test scores. The school
now ranks No. 1 in English language test results among public
schools in Hebi, Henan province.
Since integrating the AI-empowered Bopo English program into its
curriculum, the school's students have consistently preformed ahead
of those from other schools in English evaluations.
Bopo English is based on Ambow's U.S. patented technology,
"Computer-Aided Learning System and Methods with Adaptive
Optimization." Since inception, Bopo English has been used by
schools and marketed in a B2B model. Bopo English is currently used
by over 500 primary and middle schools in China. Data from its over one million student
users is continually utilized to update and refine AI capabilities
and product quality.
Bopo English is now available for individual users on Ambow's
online-to-offline education SaaS platform, Huanyujun Education
Hub. Through such B2C model, the Company is pleased to make its
powerful AI-empowered learning resource directly available to more
English learners across the country.
Dr. Jin Huang, President and
Chief Executive Officer of Ambow, said, "We are delighted at the
learning outcomes that Bopo English can provide students and are
pleased to be able to enhance its functionality for wider use in
the B2C market with individual student users. Drawing on over ten
years of technology development experience and data accumulation,
we are committed to providing students with high-quality education
resources that incorporate cutting-edge AI algorithm advances and
big data analysis."
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 15 out of the 34 provinces and autonomous regions
within China.
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.