Amesite Launches AI and Technical Training Programs with Maricopa Corporate College

Rhea-AI Summary

Amesite Inc. (NASDAQ: AMST) has signed a 5-year agreement with Maricopa Corporate College (MCOR) to provide professional learning programs. MCOR is part of the Maricopa County Community College District (MCCCD), one of the largest community college systems in the U.S. This marks Amesite's 7th college deal for its LCE platform, now spanning seven states and reaching over 200,000 learners annually.

The partnership aims to leverage Amesite's AI-powered solutions for workforce training and non-credit learning opportunities. MCCCD, Arizona's largest workforce developer, enrolls over 140,000 students annually and contributes $7.9 billion to Arizona's economy. Amesite's no-fee setup and ability to deliver low-cost, easily deployable programs were key factors in securing the deal.

Positive

• Signed 5-year deal with Maricopa Corporate College, part of one of the largest U.S. community college systems
• 7th college to sign a deal for Amesite's LCE platform, expanding reach to over 200,000 learners annually
• No-fee setup and low-cost, easily deployable programs as competitive advantages
• Partnership with a major workforce developer enrolling 140,000 students annually

Negative

• None.

Insights

Financial Analyst

The 5-year deal with Maricopa Corporate College (MCOR) represents a significant milestone for Amesite. This partnership with one of the largest community college systems in the U.S. could potentially boost Amesite's revenue and market presence. The agreement marks Amesite's 7th college partnership, expanding its reach to over 200,000 learners annually. While specific financial terms aren't disclosed, the long-term nature of the contract and MCOR's substantial learner base suggest a positive impact on Amesite's future earnings. Investors should note that MCCCD's annual enrollment of 140,000 students and its $7.9 billion contribution to Arizona's economy highlight the potential for substantial growth in Amesite's user base and revenue streams.

Tech Expert

Amesite's AI-powered learning platform represents a cutting-edge solution in the edtech sector. The company's ability to provide real-time information and support through AI assistance sets it apart in the professional training market. The no-fee setup and low-cost, highly deployable programs make Amesite's offering particularly attractive to large institutions like MCOR. This competitive advantage could lead to faster market penetration and increased adoption rates. The partnership with MCOR also provides Amesite with valuable data and insights from a large, diverse user base, potentially accelerating the development and refinement of their AI algorithms. This could further enhance Amesite's product offerings and maintain its technological edge in the rapidly evolving AI-assisted learning landscape.

Market Research Analyst

This partnership signifies a growing trend towards AI-assisted professional training in the education sector. Amesite's success in securing deals with larger colleges indicates increasing market acceptance of AI-powered learning solutions. The company's expansion across multiple states (Alabama, Illinois, Louisiana, South Carolina, Tennessee, West Virginia and now Arizona) suggests a strong national growth strategy. With MCCCD being Arizona's largest workforce developer, this deal positions Amesite to tap into a crucial market for workforce development and upskilling. The emphasis on AI-assisted learning aligns with the increasing demand for flexible, personalized and efficient training solutions in today's rapidly changing job market. This trend could lead to accelerated growth in the AI-powered education market, potentially benefiting companies like Amesite that are at the forefront of this transformation.

Online Learning Company Signs 5 Year Deal with Largest College System Signed to Date

DETROIT, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform for business and education markets, announced today its agreement to provide professional learning programs to Maricopa Corporate College (MCOR), a division of the Maricopa County Community College District (MCCCD). As part of one of the largest community college systems in the nation, MCOR delivers workforce training and non-credit learning opportunities to develop Arizona's workforce.

The agreement marks the 7^th college to sign a deal to offer the Amesite LCE platform. Installations span the US, with colleges in Alabama, Illinois, Louisiana, South Carolina, Tennessee, West Virginia and now, Arizona. Collectively, colleges that have chosen Amesite engage with over 200,000 learners each year.

Brandon Owens, Amesite’s Vice President of Sales, said, “We are pleased to be winning deals with MCOR, given the significant role both MCOR and MCCCD play in workforce development. We have the ability to deliver low-cost, highly deployable programs that meet the needs of millions of learners, and our no-fee setup makes the decision to choose Amesite an easy one.”

Dr. Ann Marie Sastry, CEO of Amesite, said, "Our AI-powered solutions enable learners to get information – and support – in real time. We have long believed that AI-assisted professional training would replace traditional training and are pleased to see our solutions gaining acceptance, now with larger colleges. We are especially pleased to be the first to provide the right tools in this market." 

MCCCD is Arizona’s largest workforce developer, enrolling over 140,000 students annually and playing a vital role in shaping the future of the Greater Phoenix area. The District produces the second-largest number of college graduates in the state and creates 1 out of every 28 jobs in Maricopa County, contributing $7.9 billion to Arizona’s regional economy.

About the Maricopa Community College District

The Maricopa County Community College District (MCCCD) is one of the nation’s largest community college districts, and serves approximately 140,000 students annually and employs nearly 10,000 faculty and staff members across 10 colleges. Since 1920, Maricopa Community Colleges has evolved into one of the nation’s largest and most innovative community college systems, serving the Phoenix Metropolitan Area and beyond. Each of the Maricopa Community Colleges is accredited by the Higher Learning Commission (HLC).

About Amesite Inc.

Amesite Inc. (Nasdaq: AMST) is a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, including its higher ed platform that offers professional learning. Leveraging its proprietary AI infrastructure, Amesite offers cutting-edge applications that cater to both individual and professional needs. NurseMagic™, the company’s recently launched mobile app, streamlines creation of nursing notes and documentation tasks, enhances patient communication, and offers personalized guidance to nurses on patient care, medications, and handling challenging workplace situations. The Preacto™ (beta) is a personal safety application designed to provide real-time alerts and guidance in the event of emergency situations, including active shooter incidents.

Forward Looking Statements

This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company, the Company's planned online machine learning platform, the Company's business plans, any future commercialization of the Company's online learning solutions, potential customers, business objectives and other matters. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "may," "will," "should," "would," "expect," "plan," "believe," "intend," "look forward," and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement. Risks facing the Company and its planned platform are set forth in the Company's filings with the SEC. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations Contact:

MJ Clyburn
TraDigital IR
clyburn@tradigitalir.com

FAQ

What is the significance of Amesite's deal with Maricopa Corporate College?

The deal with Maricopa Corporate College is significant as it's Amesite's largest college system partnership to date, providing access to over 140,000 students annually and expanding Amesite's presence in the education market.

How many colleges have signed deals with Amesite (AMST) for its LCE platform?

As of September 2024, seven colleges have signed deals with Amesite (AMST) for its LCE platform, spanning across Alabama, Illinois, Louisiana, South Carolina, Tennessee, West Virginia, and now Arizona.

What are the key features of Amesite's (AMST) offering that attracted Maricopa Corporate College?

Amesite's (AMST) AI-powered solutions, no-fee setup, and ability to deliver low-cost, easily deployable programs were key features that attracted Maricopa Corporate College to sign the 5-year deal.

How does the Maricopa County Community College District impact Arizona's economy?

The Maricopa County Community College District contributes $7.9 billion to Arizona's regional economy, creates 1 out of every 28 jobs in Maricopa County, and is the state's largest workforce developer.