Orangekloud Technology Inc. and Electronics Industries Training Centre (ELITC) Sign MOU to Enhance Workforce Skills and Drive Digital Transformation in Singapore

Rhea-AI Summary

Orangekloud Technology (Nasdaq: ORKT) has signed a Memorandum of Understanding (MOU) with the Electronics Industries Training Centre (ELITC) in Singapore to enhance workforce skills and drive digital transformation. The partnership will integrate Orangekloud's eMOBIQ No-Code platform training into ELITC's curriculum, equipping trainees with skills to develop mobile applications for the digital workplace.

This collaboration aims to support Singapore's national digitalization efforts by providing the workforce with essential digital skills. Additionally, Orangekloud will leverage ELITC's network of Small and Medium Enterprises (SMEs) to introduce its eMOBIQ mobile applications, enabling these businesses to develop solutions for optimizing operations in areas such as warehousing and sales.

Positive

• Integration of eMOBIQ training into ELITC's curriculum, potentially increasing adoption of Orangekloud's platform
• Access to ELITC's network of SMEs, expanding Orangekloud's potential customer base
• Alignment with Singapore's national digitalization efforts, potentially leading to increased government support and market opportunities

Negative

• None.

Singapore, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Orangekloud Technology Inc. (Nasdaq: ORKT) (“Orangekloud” or “the Company”), a Singapore-based technology company offering the eMOBIQ® No-Code platform for the development of mobile applications, today announced a strategic partnership with the Electronics Industries Training Centre (ELITC), a premier institute offering training and educational programs in Singapore.

This Memorandum of Understanding (MOU) signifies a commitment from both organizations to empower Singapore's workforce with the necessary skills to thrive in the digital age.

Partnership Highlights

• Integration of eMOBIQ Training into ELITC Curriculum: Orangekloud's eMOBIQ training courses will be incorporated into ELITC's existing training programs, equipping trainees with in-demand skills for using the No-Code platform to develop mobile application solutions used in the digital workplace. This will benefit both individuals seeking employment and those aiming to advance their careers.

• Equipping the Workforce for Digital Transformation: The partnership aligns with Singapore's national emphasis on digitalization. By equipping the workforce with the latest digital skills and knowledge, Orangekloud and ELITC aim to empower businesses to embrace digital transformation and achieve greater efficiency.

• Leveraging ELITC's Network for Wider Adoption of eMOBIQ Solutions: Orangekloud will leverage ELITC's extensive network of Small and Medium Enterprises (SMEs) to introduce its eMOBIQ mobile applications. This will provide SMEs with the No-Code application development skill sets to develop accessible and effective solutions to optimize their operations in warehousing, sales, and other critical areas.

About Orangekloud Technology Inc.
Orangekloud Technology Inc. (NASDAQ: ORKT) is a Singapore-based technology company which offers the eMOBIQ® No-Code platform to develop mobile applications specially designed for Small and Medium Enterprises (SMEs) and corporations. The eMOBIQ® suite of mobile applications designed to digitalize and streamline business processes in operations includes warehousing, sales ordering, delivery, and manufacturing. eMOBIQ® customers come from various industries, including food manufacturing and food service, precision engineering, construction, retail, energy, and warehouse management.

Electronics Industries Training Centre

About the Electronics Industries Training Centre (ELITC)
ELITC is a renowned institute dedicated to providing comprehensive training and educational programs ranging from technical, electrical, digital, and technological to soft skills for all levels. The institute’s programs cater to both the workforce and individuals seeking to upskill or reskill, as well as to those entering the workforce for the first time. ELITC also actively supports the Singapore government's SkillsFuture initiatives.

FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and OrangeKloud Technology Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

OrangeKloud Technology Inc. Investor Relations Contact:
1 Yishun Industrial Street 1 #04-27/28 & 34 Aposh Building Bizhub
Singapore 768160
(+65) 6317 2050
Email: ir@orangekloud.com

Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: info@skylineccg.com

Attachment

• ELITC

FAQ

What is the purpose of the MOU between Orangekloud Technology (ORKT) and ELITC?

The MOU aims to enhance workforce skills and drive digital transformation in Singapore by integrating Orangekloud's eMOBIQ No-Code platform training into ELITC's curriculum and leveraging ELITC's network to introduce eMOBIQ solutions to SMEs.

How will the partnership between Orangekloud (ORKT) and ELITC benefit Singapore's workforce?

The partnership will equip trainees with in-demand skills for using the No-Code platform to develop mobile application solutions, benefiting both job seekers and those looking to advance their careers in the digital workplace.

What advantages does the Orangekloud (ORKT) and ELITC partnership offer to SMEs in Singapore?

The partnership will provide SMEs with access to No-Code application development skills through eMOBIQ training, enabling them to develop accessible and effective solutions to optimize operations in areas such as warehousing and sales.