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Ambow Education Holding Ltd. (NYSE American: AMBO) is a leading U.S.-based, AI technology-driven educational company founded in 2000. Ambow specializes in providing personalized education and training services aimed at maximizing students' learning potential and helping them realize their dreams. The company's operations span the traditional and digital education sectors, offering a range of services from after-school tutoring to university entrance exam preparation, job readiness training, and corporate training.
One of Ambow's significant technological innovations is the HybriU AI digital education solution, the industry's first integrated online and offline instruction platform. HybriU leverages advanced AI technology to facilitate seamless online and offline learning experiences, aimed at colleges, universities, and corporate training environments. Key features include instant AI translation, simultaneous content creation, and SaaS-based, right-fit IT solutions. HybriU addresses the evolving needs of educators and students, enabling hybrid classrooms and laboratories to connect globally.
Despite facing challenges in 2023, such as the permanent closure of Bay State College, Ambow has strategically pivoted its focus towards expanding its HybriU platform. The company has demonstrated resilience, achieving a gross margin improvement and narrowing operating losses. With new strategic hires like Norm Allgood as the Head of HybriU, Ambow is poised for growth. The company also recently presented HybriU at CES 2024 and the ASU+GSV Summit, attracting significant interest from educational institutions and investors alike.
Ambow's financial condition remains stable, with strong cash resources and ongoing efforts to regain compliance with NYSE American's listing standards through stock adjustments. The company continues to pursue strategic partnerships and expand its reach in the education market, aiming for operational profitability in 2024. Visit Ambow's website or follow them on Twitter: @Ambow_Education for more information.
Ambow Education Holding Ltd. (NYSE: AMBO) was awarded the 2020 Most Influential Career Education Brand by Sina.com at the Sina China Education Ceremony on November 26, 2020. This marks the company's fifth consecutive year receiving an award from this prestigious event, highlighting its commitment to career enhancement services in China. Dr. Jin Huang, the CEO, emphasized the company’s expertise in educational technology and its dedication to empowering learners in a rapidly changing job market, indicating Ambow's focus on innovative solutions across industries.
Ambow Education Holding Ltd. (NYSE American: AMBO) has entered a definitive agreement with the Ziyang Education and Sports Bureau for the Sichuan Ziyang Technical and Vocational Education and Training project. The project, supported by the Asian Development Bank, involves providing curriculum design and technological assistance with a total consideration of RMB5.63 million. Ambow's successful bid underscores its strong capabilities in vocational education, recognized internationally.
Ambow Education Holding Ltd. (NYSE American: AMBO), a leading provider of educational services in China, has secured a national patent for its AI Panorama Digital Teaching System. This innovative system fosters a hybrid classroom environment combining AI interaction with holographic imaging technology, aiming to transform online education. Ambow has also achieved a significant number of patents, including 20 utility model patents in mainland China and several filed in the U.S. and Taiwan. CEO Dr. Jin Huang emphasized the commitment to advancing intelligent educational services.
Ambow Education Holding Ltd. (NYSE American: AMBO) has formed a strategic partnership with Cisco to launch online international career education, training, and certification services. This collaboration will provide high-quality online courses and authoritative IT certifications for students and professionals globally. The initiative includes job placement support and vocational education curriculum design, aiming to enhance Ambow's training programs through Cisco's resources. The courses will be available on Ambow's Huanyujun Education Hub, further expanding access for its extensive user base.
Ambow Education Holding Ltd. (NYSE American: AMBO) announced that students from the Hebi Foreign Language High School have achieved top English test scores, making the school No. 1 among public schools in Hebi, Henan province. This success follows the integration of Ambow's AI-powered Bopo English program, which has been adopted by over 500 schools in China. The program is now accessible to individual users through the Huanyujun Education Hub, expanding its reach. CEO Dr. Jin Huang expressed commitment to enhancing educational resources using advanced AI technology.
Ambow Education Holding Ltd. (NYSE American: AMBO) announced that its Global Career Quality Assurance program has certified its first 100 trainees in strategic career planning since its launch in June 2020. The program aims to address the evolving employment landscape in China post-pandemic. Partnering with Dr. Tom Clawson, Ambow offers the Strategic Career Planning Consultant (SCPC) training via its online-to-offline platform. Certified consultants will provide valuable services to both individuals and enterprises, enhancing career management strategies in a volatile market.
Ambow Education Holding Ltd. (NYSE American: AMBO) has successfully closed a registered direct offering, raising approximately $6 million. The offering included 1,507,538 ADSs priced at $3.98 per ADS and 603,016 warrants with an exercise price of $4.68 per ADS. The company plans to use the net proceeds for general working capital purposes. FT Global Capital acted as the exclusive placement agent for the offering, which was conducted under a shelf registration statement with the SEC.
Ambow Education Holding Ltd. (NYSE American: AMBO) announced a registered direct offering of approximately 1,507,538 ADSs at $3.98 per ADS, totaling around $6.0 million in gross proceeds. The offering will close by October 2, 2020, pending customary conditions. Investors will receive unregistered warrants for 603,016 ADSs, exercisable at $4.68 per ADS, with a forced conversion feature if the ADS trades above $9.36 for 20 consecutive days. Proceeds will be used for working capital.
Ambow Education Holding Ltd. (NYSE American: AMBO) announced that its subsidiary, Ambow Shengying, won a bid for an Asian Development Bank (ADB) project in Ziyang, Sichuan, China. This project focuses on enhancing curriculum design and teaching capacity at the Ziyang Technical and Vocational Education and Training Center, aligning with ADB's goals for sustainable growth. Ambow's expertise in vocational education and its commitment to innovative technology reinforce its position as a leader in this sector.
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