BEIJING, Nov. 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,
has entered a strategic partnership with Cisco, the worldwide
leader in technology that powers the Internet, to cooperatively
launch international career education, training and certification
services, all online.
With this partnership, Ambow and Cisco will provide high-quality
online courses as well as authoritative certification of IT and the
Internet, for college students and industry professionals around
the world. Through methods such as academic credit exchange, the
partnership will establish a comprehensive and seamless way for
trainees to further study, receive job placement support and obtain
international development opportunities. Finally, the two companies
will cooperate on designing vocational education curriculums,
building "smart classrooms" and strengthening innovation and
entrepreneurship.
Cisco's online training and certification courses will
officially launch on the Huanyujun Education Hub ("Huanyujun"),
Ambow's one-stop learning and growth platform. Cisco is the second
global enterprise to team up with Huanyujun following Ambow's
strategic partnership with Amazon in 2018 and the recent expansion
of that partnership in late September of this year. Meanwhile,
Ambow will allow its huge student user group to have access to the
Cisco Networking Academy. In addition, Ambow will work with Global
Career Quality Assurance ("GCQA") to establish a mechanism for
mutual recognition of international career education and certified
credits based on users' cross-border academic credits bank. This
will gradually help the Company's vocational and personnel training
to be recognized internationally as it integrates with global
industry practices.
Dr. Jin Huang, President and
Chief Executive Officer of Ambow, commented, "Ambow is no stranger
to working with world-famous enterprises to continuously expand and
integrate online education resources. The partnership programs,
designed to improve activities for educational institutions and end
users, involve cloud training, well-known certifications and job
placement, which leverage Ambow's own patent technology, online and
offline systems, and other high-quality global resources."
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.
Follow us on Twitter: @Ambow_Education
About Cisco Systems, Inc.
Cisco (NASDAQ: CSCO) is the worldwide leader in technology that
powers the Internet. Cisco inspires new possibilities by
reimagining your applications, securing your data, transforming
your infrastructure, and empowering your teams for a global and
inclusive future.
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.