Ambow Education Secures $1.3 Million Licensing Deal for AI-Driven HybriU Educational Platform

What's Going On With Ambow Education Shares Premarket Tuesday? - Ambow Education Holding (AMEX:AMBO)

HybriU's 3D immersive tech enables interactive learning in multiple languages across regions. Ambow Education Holding Ltd. AMBO shares, which had a tremendous run yesterday, are trading lower premarket today. On Monday, Ambow Education entered into a $1.3 million annual renewable licensing agreement with Inspiring Futures Pte. LTD. This non-exclusive deal permits the production and international distribution of the HybriU AI UniBox and the comprehensive HybriU educational solution. This collaboration reinforces Ambow's commitment to transforming education and empowering educators and students globally. HybriU's advanced 3D solution features 3D signal capture, recording, transformation, and remote display, allowing life-sized 3D projections of professors in remote classrooms via a 3D LED wall. This immersive platform enables learners to interact with 3D content in their native language, making it accessible and effective across different languages and regions. Jin Huang, Ambow's President, Chief Executive Officer, and acting Chief Financial Officer, stated, "As more international partners join in the sale of HybriU, we can focus on expanding our presence in key U.S. markets, where we believe HybriU is currently the only available 5-in-1 total solution." "It seamlessly integrates AI -- empowering five key domains: teaching, learning, connectivity, recording, and management -- along with lecture capture, immersive technology, and a comprehensive management platform designed specifically for the education sector." "HybriU delivers a unified learning experience that transcends the boundaries of both online and offline education, bridges language and regional divides, and connects academia with industry." Price Action: AMBO shares, which closed 226.8% higher at $4.02 on Monday, are down 4.73% at $3.82 premarket at the last check Tuesday. Photo via Shutterstock Read Next: Accolade's Q2 Boost: Revenue Rises, Losses Shrink, And Profitability Looms This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Ambow Education inks $1.3 million deal for HybriU By Investing.com

CUPERTINO, Calif. - Ambow Education Holding Ltd. (NYSE American: AMBO), a company specializing in AI-driven educational technology, has announced a $1.3 million licensing agreement with Inspiring Futures Pte. Ltd. This non-exclusive, renewable deal authorizes Inspiring Futures to produce and sell Ambow's HybriU AI UniBox and the comprehensive HybriU educational solution in international markets. The agreement, which was disclosed today, is part of Ambow's strategy to expand its educational services globally and to strengthen its position in the U.S. market. HybriU is described as a 5-in-1 total solution for the education sector, integrating AI to enhance teaching, learning, connectivity, recording, and management. It also features a lecture capture system, immersive technology, and a management platform, all designed to provide a unified learning experience that can be accessed both online and offline. Dr. Jin Huang, President, CEO, and acting CFO of Ambow, emphasized the partnership's role in extending HybriU's reach in the digital education sector and highlighted the product's unique 3D solution capabilities. This includes life-sized 3D projections of professors in remote classrooms, which aims to create an immersive learning environment that can overcome language and regional barriers. Inspiring Futures, based in Singapore, brings to the table its expertise in educational intelligence and network connectivity, particularly within Asian markets. With ambitions to grow its international presence, the company targets regions with increasing demand for quality education and advanced technology. Ambow, headquartered in the U.S., remains focused on delivering innovative AI and connectivity solutions tailored for educational institutions, educators, and students. Apart from its technology offerings, Ambow operates the New School of Architecture & Design in San Diego, California, and provides career education services. The announcement was made based on a press release statement, and Ambow has not provided any updates on the forward-looking statements contained therein, which are subject to risks, uncertainties, and assumptions. While Ambow Education Holding Ltd. (NYSE American: AMBO) is making strides in expanding its AI-driven educational technology globally, recent financial data from InvestingPro paints a challenging picture for the company. According to InvestingPro data, Ambow's revenue for the last twelve months as of Q4 2023 stood at $9.16 million, with a concerning revenue growth decline of -38.25% over the same period. This decline in revenue aligns with an InvestingPro Tip indicating that the stock has taken a significant hit over the last six months, with a price total return of -25.9% during that period. Despite these challenges, Ambow's price-to-book ratio of 0.54 suggests that the stock might be undervalued relative to its book value. This could potentially present an opportunity for investors who believe in the company's long-term strategy and its focus on innovative AI solutions for education. It's worth noting that Ambow does not pay a dividend to shareholders, as highlighted by another InvestingPro Tip. This information, combined with the company's negative operating income of -$4.3 million for the last twelve months, underscores the importance of the new licensing agreement in potentially improving Ambow's financial position. Investors interested in a more comprehensive analysis can access additional insights through InvestingPro, which offers 6 more tips for AMBO stock.

Ambow Education Secures $1.3 Million International Licensing Deal for HybriU - Ambow Education Holding (AMEX:AMBO)

CUPERTINO, Calif., Oct. 7, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. AMBO ("Ambow" or the "Company"), an AI-driven educational technology company, today announced that it has entered into a $1.3 million non-exclusive, annually renewable licensing agreement with Inspiring Futures Pte. LTD. This agreement grants licensing authorization for the production of the HybriU AI UniBox and the sale of HybriU, a comprehensive AI-driven, plug-and-play educational solution, in international markets. The agreement aligns with Ambow's mission to advance the future of education and empower educators and students globally. "This partnership extends HybriU's presence in the rapidly growing global digital education sector," said Dr. Jin Huang, Ambow's President, Chief Executive Officer, and acting Chief Financial Officer. "As more international partners join in the sale of HybriU, we can focus on expanding our presence in key U.S. markets, where we believe HybriU is currently the only available 5-in-1 total solution. It seamlessly integrates AI -- empowering five key domains: teaching, learning, connectivity, recording, and management -- along with lecture capture, immersive technology, and a comprehensive management platform designed specifically for the education sector. HybriU delivers a unified learning experience that transcends the boundaries of both online and offline education, bridges language and regional divides, and connects academia with industry." HybriU's cutting-edge 3D solution includes 3D signal capture, recording, transformation, and remote display capabilities. It supports broadcasting life-sized 3D projections of professors in remote classrooms via a 3D LED wall, enabling a highly immersive learning experience. Learners can engage in their native language while interacting with the 3D content, making the platform accessible and effective across diverse linguistic and regional boundaries. Based in Singapore, Inspiring Futures brings extensive experience in the education sector, with a strong focus on educational intelligence and network connectivity within Asian markets. The company is now looking to expand internationally, targeting regions with a growing demand for high-quality education and advanced technology integration. Through strategic partnerships and relationships with key stakeholders, Inspiring Futures aims to deliver innovative solutions while positioning itself as a trusted partner in the global education landscape. About Ambow Ambow Education Holding Ltd. is a U.S.-based, AI-driven educational technology company dedicated to empowering educational institutions, educators, and students through cutting-edge AI and connectivity solutions tailored specifically to the education sector. With our innovative HybriU technology and the operation of the prestigious New School of Architecture & Design in San Diego, California, Ambow is committed to delivering unmatched, personalized, and impactful career education services, alongside advanced AI-driven digital education technologies and solutions. For more information, visit Ambow's corporate website at https://www.ambow.com. Follow us on X: @Ambow_Education Follow us on LinkedIn: Ambow-education-group This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about Ambow and the industry. All information provided in this press release is as of the date hereof, and Ambow undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Ambow believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. For more information, please contact: Ambow Education Holding Ltd. E-mail: [email protected] or Piacente Financial Communications Tel: +1 212 481 2050 E-mail: [email protected] View original content:https://www.prnewswire.com/news-releases/ambow-education-secures-1-3-million-international-licensing-deal-for-hybriu-302268561.html SOURCE Ambow Education Holding Ltd. Market News and Data brought to you by Benzinga APIs