CUPERTINO, Calif., March 6,
2024 /PRNewswire/ -- Ambow Education Holding Ltd.
(NYSE American: AMBO) ("Ambow" or the "Company"), an AI
technology-driven educational company, today announced the
appointment of Norm Allgood as
fractional Head of HybriU, effective immediately. In this newly
established position, Mr. Allgood will lead the dissemination and
implementation of HybriU, Ambow's cutting-edge, AI-driven hybrid
learning solution for education and workforce training.
Mr. Allgood holds over two decades of experience expanding
educational access to quality, programs, launching technology
platforms for the education industry, collaborating with higher
education partners, strategic planning and operational
optimization.
"Norm's experience cultivating high-quality education programs
and relationships with higher education partners makes him an
excellent fit as we work to make HybriU the market leader in hybrid
learning," said Jin Huang,
President, Chief Executive Officer, and acting Chief Financial
Officer of Ambow. "More institutions are abandoning antiquated,
traditional learning models and opting for a hybrid learning model.
This shift requires a right-fit solution, and HybriU remains the
only technology specifically designed to address this large
untapped market."
"HybriU's AI technology jumps the curve of existing platforms in
the educational space by offering a much-needed tailored hybrid
learning solution," said Mr. Allgood. "I'm thrilled to lead this
team as it fosters new inroads for this important education tool.
As the lines between offline and online learning merge, empowering
educators with automated lecture highlights and real-time classroom
feedback, fueled by big data analytics, is exactly what the
educational space needs to further create value for all
constituents."
Mr. Allgood previously served as the Chief Executive Officer,
Founder, and Board Member of Synergis Education since 2011, where
he successfully established the company as a leader in developing
healthcare education programs. Under his leadership, Synergis
Education achieved remarkable milestones, including successfully
raising capital from a diverse investor base, including prominent
entities such as University Ventures Fund, Bertelsmann SE &
Co., University of Texas Investment
Management Co ("UTIMCO"), and Mitsui & Co. (U.S.A.), Inc.
During his tenure at Synergis,
in collaboration with university partners, Mr. Allgood designed and
launched the DEMSN, an industry-leading program to address the
ongoing nursing shortage. In addition, Norm launched the
groundbreaking EDVANTAGE™ Informed Technology platform, a
comprehensive system providing real-time insights and analytics to
empower stakeholders with informed decision-making capabilities,
optimizing marketing efforts and enhancing financial reporting
accuracy.
Prior to founding Synergis Education, Norm held key leadership
roles, including Chief Operations Officer at Orbis Education,
Senior Vice President of Strategic Development at the Institute for
Professional Development (IPD), a Division of Apollo Group, and as
an Educational Liaison at Target Corporation, culminating in the
launch of the first-ever MS in Criminal Justice at Michigan State University, a program recognized for
excellence and innovation.
About Ambow
Ambow Education Holding Ltd. is a U.S.-based, AI
technology-driven educational company. Its mission is to empower
educators, students, higher learning institutions and organizations
with advanced technology designed explicitly for the education
industry. Through HybriU, Ambow's dynamic patented open-platform
technology that facilitates hybrid learning, and its for-profit
college, New School of Architecture &
Design based in San Diego,
California, Ambow offers high-quality, individualized, and
dynamic career education services and products. For more
information, visit Ambow's corporate website at
https://www.ambow.com/.
Follow us on Twitter: @Ambow_Education
Safe Harbor Statement
This press release contains statements of a forward-looking
nature. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. You can identify these forward-looking statements by
terminology such as "will," "expects," "believes," "anticipates,"
"intends," "estimates" and similar statements. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions,
estimates, and projections about Ambow and the industry. All
information provided in this press release is as of the date
hereof, and Ambow undertakes no obligation to update any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although Ambow believes that the expectations
expressed in these forward-looking statements are reasonable, it
cannot assure you that its expectations will turn out to be
correct, and investors are cautioned that actual results may differ
materially from the anticipated results.
For more information, please contact:
Ambow Education Holding Ltd.
Email: ir@ambow.com
The Piacente Group | Investor Relations
Tel: +1-212-481-2050
E-mail: ambow@tpg-ir.com
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SOURCE Ambow Education Holding Ltd.