BEIJING, Nov. 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 announced
that it has been awarded a national patent for its self-developed
AI Panorama Digital Teaching System ("Panorama System" or the
"System").
The Panorama System creates an immersive hybrid classroom
model capable of integrating multiple cloud-based terminals with
AI-enabled interaction. Empowered by real-time holographic
imaging technology, the System provides a highly integrated,
immersive and interactive learning environment where students can
interact with instructors using 1:1 scale images. With its strong
technological capacity to reshape online education and elevate
teaching quality, the System has already been granted a series
of patents in Taiwan and the
U.S. In the wave of the Internet Plus era, the System is a
pioneer in the revolution of online education.
Ambow is among the first group of Chinese enterprises
engaging in independent research and development of intelligent
education products. With strong talent and deep roots in
innovation, Ambow's R&D team has a proven record of delivering
cutting-edge educational tools and services. In recent years, Ambow
has focused on core technology patents surrounding its main
businesses, such as those used in its Panorama System, its
intelligent office application system and its intelligent
manufacturing automation training system. In 2020, Ambow has
already been approved and authorized in mainland China for 20 utility model patents
and one design patent, and has 29 domestic invention patents under
public announcement process. In addition, Ambow has submitted
applications for four U.S. patents and four Taiwan patents, of which, to date, one utility
model patent from Taiwan has been
awarded. It is worth noting that Ambow was one of the first Chinese
educational institutions to be awarded a US patent. In 2016, the
United States Patent and Trademark Office awarded a patent to
Ambow for its innovative Adaptive Computer-Assisted Learning System
and Method platform for enhancing learning outcomes.
Dr. Jin Huang, President and
Chief Executive Officer of Ambow, commented, "We will
continuously deepen our research and development capabilities
to deliver the highest quality educational services to businesses
and consumers through intelligent systems utilizing AI technology.
With our massive user base, we are ideally suited to promote,
facilitate and bring about the adoption of advanced technology
education models on a large scale."
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.