Provides more than 400 schools and one million
students with tools for comprehensive performance support
LAS
VEGAS, Dec. 22, 2022 /PRNewswire/ -- Remark
Holdings, Inc. (NASDAQ: MARK), a diversified global technology
company with leading artificial intelligence ("AI") solutions and
digital video analytics, today announced that its KanKan business
in China launched the
Five-Education student support system as a subscription-based
add-on to its Smart Campus system. The Five-Education system uses
data and scenario-based precision analytics, such as functionality
that monitors each student's attention span and also the engagement
between teacher and student, to electronically provide
comprehensive reports designed to improve and independently
evaluate each student's overall academic performance.
The Zhejiang province education
department has had the Five-Education system installed at more than
400 schools where the add-on serves more than one million primary
and secondary school students and has generated more than 20
million push notifications through the mobile application of the
Smart Campus system. Remark's successful implementation of the
Five-Education add-on has led to improved student attendance and
improved student performance metrics. Over the next three years,
the company expects to deploy the $4,200 add-on in approximately 4,000 schools,
with the value of the contract representing approximately
$17 million of recurring annual
revenue by the end of 2026.
The Smart Campus system, with its epidemic prevention and
control functionality, has been designed to assist school staff
by:
- Recording body temperature before students enter the campus,
thereby allowing staff to begin monitoring health status before
students enter classrooms and other buildings.
- Controlling access to campus using a pre-generated QR code as
well as KanKan's computer vision technology to identify whether
persons trying to enter campus are authorized and are healthy.
- Reducing manual tasks by automating student attendance
management and health screening of students and staff.
- Using a mobile app to allow for reservation of and touch-free
access into private study rooms, classrooms, laboratories, activity
rooms and other functional areas.
- Reduce electricity consumption and greenhouse gas
emissions.
"We are pleased that Zhejiang
province's school system has elected to expand upon KanKan's Smart
Campus system by purchasing the Five-Education add-on," says
Kai-Shing Tao, Chief Executive
Officer of Remark Holdings. "We have found that active
student-teacher engagement improves a student's academic
performance, which can be tracked and enhanced through our
AI-powered software. We look forward to expanding our system to
more than 30 other provinces in China based upon the success of this
launch."
About Remark Holdings, Inc.
Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated
suite of AI solutions that help organizations monitor, understand,
and act on threats in real-time. Remark consists of an
international team of sector-experienced professionals that have
created award-winning video analytics. The company's GDPR-compliant
and CCPA-compliant solutions focus on market sectors including
retail, federal and state governmental entities, public safety,
hospitality, and transportation. Remark maintains its headquarters
in Las Vegas, Nevada, with an
additional North American office in New
York and New York and
international offices in London,
England, and Chengdu,
China.
For more information, please visit the company's website
(www.remarkholdings.com).
Forward-Looking Statements
This press release may contain forward-looking statements,
including information relating to future events, future financial
performance, strategies, expectations, competitive environment and
regulation. Words such as "may," "should," "could," "would,"
"predicts," "potential," "continue," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," and similar
expressions, as well as statements in future tense, identify
forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, including those
discussed in Part I, Item 1A. Risk Factors in Remark Holdings'
Annual Report on Form 10-K and Remark Holdings' other filings with
the SEC. Any forward-looking statements reflect Remark Holdings'
current views with respect to future events, are based on
assumptions and are subject to risks and uncertainties. Given such
uncertainties, you should not place undue reliance on any
forward-looking statements, which represent Remark Holdings'
estimates and assumptions only as of the date hereof. Except as
required by law, Remark Holdings undertakes no obligation to update
or revise publicly any forward-looking statements after the date
hereof, whether as a result of new information, future events or
otherwise.
Company Contacts
Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
USA (+1) 626-623-2000
Singapore (+65) 8715-8007
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SOURCE Remark Holdings, Inc.