BEIJING, Aug. 10, 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 provided
updates to its Artificial Intelligence (AI) assisted solutions for
K12 education. With its strategic focus in AI technologies and
related applications, the Company was chosen to present its suite
of AI-assisted e-learning services and solutions to educational
leaders and administrators at the International AI and Education
Conference held in Beijing in
May 2020.
Featuring a variety of adaptive and enhanced learning
features including live streaming classroom, live chat
tools, learning assessment management, question bank management and
test generation, the Ambow Panorama Digital Teaching Engine
("Panorama Engine") provides AI-assisted, module-based solutions,
catering to different learning environments and teaching
methodologies. In full activation, the Ambow Panorama Engine
creates an immersive hybrid classroom model integrating cloud
based multi-terminal with AI-enabled interaction. A striking
feature of the Panorama Engine in action is its ability to create a
next generation immersive classroom experience for students through
real-time holographic imaging technology. With it, students online
in-class learning is elevated through "face-to-face" interaction in
1:1 scale with their instructors.
Ambow Education is gaining wide recognition across the education
industry thanks to its strategic focus on AI technology and
applications to improve learning outcomes. The Company's AI core
algorithm, Computer-Aided Learning System and Methods with Adaptive
Optimization, is pioneering these applications and the Company's
flagship "Bopo English" offering showcases the success of
innovative AI applications in delivering heightened learning
outcomes. In practice, the Hebi Foreign Language High School in
Henan province was the first
school to adopt the Bopo English offering as part of its English
language instruction curriculum. By leveraging Ambow's core
algorithm during the recent five years, its student's average
scores are ranked first among local area schools, registering 9 to
13 points higher than the second-ranked school. For China's College Entrance Examination in 2020,
its admission rate to first-tier universities is
57.3%, three times higher than that of the entire province.
Dr. Jin Huang, President and
Chief Executive Officer of Ambow, said, "AI is identified as
key disruptor in the next-generation wave of digital transformation
and the next industrial revolution. Ambow is dedicated to actively
sharpening the integration of AI and education and fueling the
reform in education through innovative applications of science and
technology. As we look forward, we will continue to strengthen our
cooperation with academic institutions and high-tech enterprises
and work to create innovative AI-enabled solutions that deliver
value-enhanced results to students and educators alike across a
wide spectrum of educational scenarios."
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
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.