HybriU Gets $1.3M International Licensing Deal; Ambow Education (AMBO.US) Rises Over 35%

On Monday, Ambow Education (AMBO.US) saw a surge, up over 35% as of writing, to $1.668. On the news, Ambow Education announced it had entered into a non-exclusive, annual renewal license agreement with Inspiring Futures Pte.Ltd. for $1.3 million. The agreement licenses Inspiring Futures Pte.Ltd. to produce HybriU AI UniBox and sell HybriU, a comprehensive AI-driven plug-and-play education solution.

Dr. Huangjin, President, CEO and Interim CFO of Ambow, said, "With more international partners joining the sales of HybriU, we can focus on expanding our share in the major U.S. markets, and we believe HybriU is the only 5-in-1 comprehensive solution available in the U.S. market now. It seamlessly integrates AI to support the five key areas of teaching, learning, connecting, recording, and management, and integrates speech capture, immersive technology, and a comprehensive management platform designed for the education sector. HybriU provides a unified learning experience that transcends the boundaries of online and offline education, bridging language and geographical barriers, and connecting academia with industry."