Amesite Launches V5 Platform, Enabling Every Business, University and Museum to Deliver or Sell AI-Powered, Branded eLearning

Rhea-AI Summary

Amesite Inc. (NASDAQ: AMST) announced the launch of Version 5.0 of its AI-driven online learning platform, expanding its capabilities to cater to over 65,000 medium and large U.S. companies. The updated platform offers features such as ecommerce solutions, best-in-class security, and streamlined deployment, allowing enterprises to efficiently onboard and upskill employees. The workplace training industry in the U.S. was valued at approximately $165 billion in 2020, with global eLearning revenue projected to reach $1 trillion by 2028. This expansion aims to meet the increasing demand for efficient upskilling solutions.

Positive

• Launch of Version 5.0 enhances capabilities to serve 65,000+ medium and large U.S. companies.
• Introduction of an ecommerce solution for selling learning products on a branded platform.
• Best-in-class security features provided out-of-the-box.
• Streamlined deployment allows launching a fully branded platform in just 24 hours.
• Facilitates flexible course offerings, enabling different organizational sub-brands.

Negative

• None.

DETROIT, June 22, 2022 (GLOBE NEWSWIRE) -- Amesite Inc., (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform and content creation services for business, university, non-profit, and government agency learning and upskilling, announces the expansion of its capabilities to serve larger entities, with the launch of Version 5.0 of its AI-driven online learning platform.

“According to the Department of Labor, there are more than 65,000 medium and large companies with over 250 employees in the U.S. Our platform is now an out-of-the-box solution for the enterprises that are onboarding, training, and upskilling large numbers of workers,” commented Dr. Ann Marie Sastry, founder, and CEO of Amesite. “Our larger customers have told us their needs and we listened – and now we're delighted to be able to offer our proven, advanced features to the biggest markets in ed-tech.”

Version 5.0 of the Amesite Learning Community Environment^SM (LCE ^SM) delivers features and service attributes that offer scalability, security, flexibility and the ability to sell learning products:

• Scale – Amesite can meet the needs of 65k+ medium and large businesses across the U.S.
• eCommerce Ecosystem Solution – Customers can sell courses to Learners on a single branded, online platform that delivers proprietary, custom or third-party content
• Best-in-Class Security – Customers get security and data privacy out-of-the-box
• Streamlined Deployment – Customers can launch a fully branded LCE^SM in just 24h
• Flexibility – Customers can offer courses that are branded differently, enabling different parts of an organization to deliver on their own sub-brands
• Onboarding Pre-Enrollment – Learners are registered and enrolled in a simple, intuitive process that makes deployment easy

The company aims to serve the incredible need for U.S. and Global upskilling. According to Statista, the U.S. workplace training industry was valued at approximately $165 billion in 2020. Global Market Insights expects eLearning revenue to reach $1T by 2028.

About Amesite Inc.

Amesite is an ed-tech, SaaS company with the most advanced artificial intelligence driven online learning platform in the industry, providing both content creation and a best-in-class infrastructure for the multi-billion-dollar online learning markets in business and education. For more information, visit https://amesite.io/.

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:

Christine Petraglia
TraDigital IR
(917) 633-8980
christine@tradigitalir.com

SOURCES:

https://www.bls.gov/web/cewbd/table_f.txt
https://www.statista.com/topics/4896/training-industry-in-the-us/
https://www.gminsights.com/pressrelease/elearning-market

FAQ

What is the significance of the Version 5.0 launch for Amesite Inc. (AMST)?

The Version 5.0 launch enables Amesite Inc. to better serve over 65,000 medium and large companies in the U.S., offering enhanced features for onboarding and training.

How does Amesite's platform address the needs of larger enterprises?

Amesite's platform includes ecommerce capabilities, security features, and flexible deployment options, making it suitable for large organizations' training needs.

What is the market potential for Amesite Inc. following this press release?

The U.S. workplace training industry was valued at $165 billion in 2020, with global eLearning revenues projected to reach $1 trillion by 2028, highlighting significant growth opportunities for Amesite.

What benefits does Version 5.0 provide to users?

Version 5.0 offers scalability, a streamlined onboarding process, best-in-class security, and the ability to customize course branding for different organizational units.