BEIJING, Dec. 28, 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
it has received approval from the National Postdoctoral Management
Committee under the Chinese Ministry of Human Resources and Social
Security to establish a postdoctoral scientific research
workstation ("workstation") in order to carry out postdoctoral
training and research in educational technology, artificial
intelligence, computer science and the Internet of Things.
This approval affirms Ambow's strong capabilities in scientific
research and innovation as well as its deep roots in training and
retaining technology talent. It is especially relevant at a time
when China has emphasized the
significance of such workstations as strategic means to drive
advances in technology and spur economic development. These
workstations will serve to attract high-quality talent, enhance
technological innovation of enterprises and stimulate applications
for new scientific and technological inventions.
Ambow is among the first Chinese companies engaging in the
independent research and development of informational and
intelligent education products. With a 20-year proven track record
in the vocational education sector, Ambow's achievements in
scientific research have been remarkable, with nine of them passing
evaluations from related national ministries. The Company has also
secured more than 100 software copyright approvals and been granted
23 patents in mainland China and one patent in Taiwan. In 2016,
Ambow was awarded a patent by the United States Patent and
Trademark Office for its innovative Adaptive Computer-Assisted
Learning System and Method platform, used to enhance learning
outcomes. Additionally, Ambow is the only institution in the
education sector that has received approval to set up the "Beijing
sub-workstation for overseas academicians and experts." These
achievements, coupled with the Company's considerable expertise and
relentless focus on advanced technologies, have helped Ambow
consolidate its strengths to position itself as a leader in the
industry.
"With this significant recognition from national authorities, we
plan to further enhance our capabilities in research and
development as well as adopt AI-powered educational models," said
Dr. Jin Huang, President and Chief
Executive Officer of Ambow, "As we continue to leverage our
extensive experience, valuable database and cutting-edge smart
technologies, we believe we are well equipped to provide
best-in-class educational products and services to a growing user
base."
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.