Ambow Education Secures $1.3 Million International Licensing Deal for HybriU
Ambow Education Holding Ltd. American Depository Shares (each representing twenty (20) Class A Ordinary Shares) (AMBO)
US:NYSE Investor Relations:
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Company Research
Source: PR Newswire
CUPERTINO, Calif., Oct. 7, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI-driven educational technology company, today announced that it has entered into a $1.3 million non-exclusive, annually renewable licensing agreement with Inspiring Futures Pte. LTD. This agreement grants licensing authorization for the production of the HybriU AI UniBox and the sale of HybriU, a comprehensive AI-driven, plug-and-play educational solution, in international markets. The agreement aligns with Ambow's mission to advance the future of education and empower educators and students globally."This partnership extends HybriU's presence in the rapidly growing global digital education sector," said Dr. Jin Huang, Ambow's President, Chief Executive Officer, and acting Chief Financial Officer. "As more international partners join in the sale of HybriU, we can focus on expanding our presence in key U.S. markets, where we believe HybriU is currently the
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