Ambow Education Holding Ltd. (AMBO) shares, which soared yesterday, are trading lower in the pre-market today. This comes despite the company announcing a significant deal on Monday. Ambow Education entered into a $1.3 million annual renewable licensing agreement with Inspiring Futures Pte. LTD. This non-exclusive deal grants the right to produce and distribute the HybriU AI UniBox and its comprehensive educational solution internationally.
This collaboration signifies Ambow’s commitment to transforming education and empowering educators and students worldwide. The HybriU system boasts advanced 3D technology, capturing, recording, and transforming signals, allowing for life-sized 3D projections of professors in remote classrooms via a 3D LED wall. This immersive platform allows learners to engage with 3D content in their native language, making it accessible and effective across different languages and regions.
Jin Huang, Ambow’s President, CEO, and acting CFO, expressed excitement about the deal, stating, “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 only available 5-in-1 total solution.” The HybriU system seamlessly integrates AI, empowering five key domains: teaching, learning, connectivity, recording, and management. It also includes lecture capture, immersive technology, and a comprehensive management platform designed specifically for the education sector.
Ambow believes HybriU offers a unified learning experience that transcends the boundaries of online and offline education, bridges language and regional divides, and connects academia with industry. Despite the positive developments with HybriU, AMBO shares, which closed at $4.02 on Monday, are down 4.73% at $3.82 premarket at the last check Tuesday.
