Mynd.ai's Promethean Brand to Release its Most Unified ActivPanel™ Experience yet with the Introduction of the ActivPanel 10 and Promethean ActivSuite™

Rhea-AI Summary

Mynd.ai (NYSE American: MYND) has announced that its subsidiary, Promethean, has launched its latest interactive flat panel display and software solution - the ActivPanel 10 and Promethean ActivSuite. The new integrated solution is designed to provide freedom of choice, simplicity, and adaptability, allowing educators and business leaders to select their preferred operating system.

The product aims to set a new industry standard by offering a cost-effective and sustainable interactive display solution that maintains security and updates. The system is immediately available for purchase and will be showcased at the Future of Education Technology Conference (FETC) in the U.S. on January 14 and at the Bett Show in the UK on January 22.

Positive

• Launch of new integrated display and software solution targeting education and business markets
• Product offers cost-effective and sustainable solution with continuous updates
• Immediate availability for purchase

Negative

• None.

Insights

Technology Product Analyst

The release of ActivPanel 10 and ActivSuite represents an incremental product update rather than a transformative innovation. While the platform aims to provide flexibility in operating system choice and improved user experience, the announcement lacks specific technical improvements or pricing details that would significantly impact Mynd's market position. In the highly competitive IFPD market, dominated by players like SMART Technologies and ViewSonic, this release appears to be a routine product refresh. The $89.9M market cap company needs more substantial technological differentiators or clear revenue potential to move the needle. The educational technology market's seasonal buying patterns typically align with academic budget cycles, making the January release timing strategic but standard. Without concrete pricing or pre-order information, the immediate revenue impact remains uncertain.

Education Market Specialist

This product launch aligns with the education sector's increasing demand for flexible, cross-platform solutions, but its market impact will likely be modest. The timing before major education technology conferences (FETC and Bett Show) is strategically sound for capturing attention from key decision-makers during the spring procurement planning period. However, the education technology market is facing budget constraints and increasing competition from lower-cost alternatives. The emphasis on "cost-effective and sustainable" solutions suggests competitive pricing, but without specific details, it's premature to project significant market share gains. Schools typically require 6-12 months to evaluate and implement new technology solutions, meaning any meaningful revenue impact would materialize in the 2025-2026 academic year at the earliest.

SEATTLE, Jan. 6, 2025 /PRNewswire/ -- Mynd.ai, Inc. ("Mynd" or the "Company") (NYSE American: MYND) today announced that its subsidiary, Promethean, has released its most anticipated, unified interactive flat panel display (IFPD) and software solution—the all-new ActivPanel 10 and Promethean ActivSuite.

"Specifically designed to support freedom of choice, simplicity, and adaptability, the ActivPanel 10 and Promethean ActivSuite solution allows educators and business leaders to choose their preferred operating system and meet users exactly where they are when they need it, with no added hassle, stress, or complicated training," said Vin Riera, Mynd's Chief Executive Officer. Riera added, "We are very excited to introduce this new innovative product to the market as we believe that this next generation integrated solution will set a new standard in the industry delivering a cost-effective and sustainable way for schools and businesses to have an interactive display that is secure and continuously up to date."

Available for purchase today, the flexible display and included software  will make its live debut at the Future of Education Technology Conference  (FETC) in the U.S. on January 14, followed by the Bett Show (formerly known as the British Educational Training and Technology Show) in the UK on January 22.

For additional details on the technology refer to Promethean press release at  

https://www.prometheanworld.com/press-release/introducing-activpanel-10-and-promethean-activsuite/

Forward-Looking Statements

This press release contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements reflect Mynd's current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "continue," "optimistic," and the negatives of these words and other similar expressions generally identify forward looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled "Risk Factors" in Mynd's Annual Report on Form 20-F, filed with the SEC on March 27, 2024, as such factors may be updated from time to time in Mynd's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Mynd's filings with the SEC. While forward-looking statements reflect Mynd's good faith beliefs, they are not guarantees of future performance. Mynd disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law.

About Mynd.ai, Inc.

Seattle-based Mynd is a global leader in interactive technology offering best-in-class hardware and software solutions that help organizations create and deliver dynamic content; simplify and streamline teaching, learning, and communication; and facilitate real-time collaboration. Our award-winning interactive displays and software can be found in more than 1 million learning and training spaces across 126 countries. Our global distribution network of more than 4,000 reseller partners and our dedicated sales and support teams around the world enable us to deliver the highest level of service to our customers.

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SOURCE Mynd.ai

FAQ

What new products did Mynd.ai (MYND) announce on January 6, 2025?

Mynd.ai announced the release of ActivPanel 10 and Promethean ActivSuite through its subsidiary Promethean, representing their most unified interactive flat panel display and software solution.

When will Mynd.ai's (MYND) new ActivPanel 10 be showcased at major events?

The ActivPanel 10 will be showcased at the Future of Education Technology Conference (FETC) in the U.S. on January 14, 2025, and at the Bett Show in the UK on January 22, 2025.

What are the key features of Mynd.ai's (MYND) new ActivPanel 10?

The ActivPanel 10 offers freedom of choice, simplicity, and adaptability, allowing users to choose their preferred operating system. It provides a cost-effective and sustainable solution with continuous updates and security features.

Is Mynd.ai's (MYND) new ActivPanel 10 currently available for purchase?

Yes, the ActivPanel 10 and Promethean ActivSuite are immediately available for purchase as of January 6, 2025.