As of the time of publication, the stock has risen over 35%, trading at $1.668.
According to the Wise Fiances app, on Monday, Ambow Education (AMBO.US) stock price rose, with an intraday increase of over 35% to $1.668 at the time of publication. On the news side, Ambow Education announced that it has reached a non-exclusive, renewable licensing agreement worth $1.3 million with Inspiring Futures Pte. LTD. This agreement authorizes Inspiring Futures Pte. LTD. to produce the HybriU AI UniBox and sell HybriU in the international market, the latter being a comprehensive AI-driven plug-and-play education solution.
Dr. Huang Jinbo, President, CEO, and Acting CFO of Ambow, stated: "With more and more international partners joining the sales of HybriU, we can focus on expanding our share in the main markets of the USA. We believe that HybriU is currently the only available 5-in-1 integrated solution in the US market. It seamlessly integrates artificial intelligence to support teaching, learning, connectivity, recording, and management in these five key areas, while also integrating speech capture, immersive technology, and a comprehensive management platform designed specifically for the education sector. HybriU provides a unified learning experience that transcends the boundaries between online and offline education, bridges language and geographical divides, and connects academia with industry."
