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Article thumbnail News Release announces prestigious George Mason University sign up for company platform Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to unveil an exciting development: George Mason University (GMU) has partnered with and is set to integrate the ARway platform into its campus infrastructure. As part of a visionary project slated for 2024, GMU will deploy ten spatial maps across its sprawling campus, revolutionizing campus navigation and enhancing the overall student experience. In his discussion with Proactive, Gappelberg highlighted the significance of this partnership, noting GMU's substantial undergraduate enrollment of approximately 27,014 students and the expansive campus spanning 817 acres. The scheduled deployment of ARway is poised to commence in early summer, affording the university ample time to rigorously test the platform's capabilities and gauge its efficacy before potentially implementing a full campus rollout in 2025. The ambitious plans for 2024 include an expansion of the augmented reality tour, empowering students to seamlessly locate and navigate to various offices and buildings across the campus. By leveraging ARway's innovative technology, GMU aims to enhance the accessibility of campus resources and elevate the overall student experience to unprecedented levels. Moreover, GMU has already taken proactive steps to share its pioneering experiences with ARway, having submitted several conference proposals to disseminate findings on this groundbreaking technology. Additionally, dedicated time has been allocated for further research and development efforts over the summer, underscoring GMU's commitment to harnessing cutting-edge tools to enrich the educational journey of its students. The enthusiasm at GMU for exploring the interactive capabilities of ARway is palpable. Preliminary beta testing has instilled confidence in the platform's potential to foster engagement and promote self-efficacy, both of which are integral to the long-term success of the college experience. As GMU embarks on this transformative journey with, the possibilities for innovation and advancement in campus navigation and student engagement are boundless. Stay tuned for more updates as GMU pioneers the integration of augmented reality into its campus ecosystem, setting new standards for educational technology and student empowerment. Contact Details Proactive United States +1 347-449-0879

April 17, 2024 12:52 PM Eastern Daylight Time

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Culinary Institute of the Pacific Taps CIA for new Workforce Development Program

Culinary Institute of America

Kapiʻolani Community College and the Culinary Institute of the Pacific today announced a collaboration with The Culinary Institute of America (CIA), the world’s premier culinary college, on a new workforce and professional development program. The program, designed for both professional chefs and people aspiring to join the foodservice and hospitality workforce, will offer in-depth, weeklong courses highlighting the cuisines of the Pacific Rim, Asia, Latin America, along with other global, plant-forward cuisines, contemporary garde manger, and more. Phase one of this program will launch early fall, with eight to 12 one-week-long programs taking place over the next year. The program kicks off September 16-20. "The collaboration between the Culinary Institute of the Pacific and the Culinary Institute of America (CIA) marks a pivotal moment aimed at truly creating a world-class culinary institute. By enlisting the support of CIA to introduce specialized classes for industry professionals and work force development, we're not just expanding our educational repertoire; but more importantly, highlighting the value of culinary education to the greater visitor industry and local community. This initiative will uplift the Culinary Institute of the Pacific, signifying a commitment to excellence and a dedication in fostering a community of highly trained, skilled, and innovative culinary professionals. It's a bold step towards realizing our goal of becoming globally competitive in culinary education and enriching the culinary landscape in Hawaiʻi for generations to come." - Chef Roy Yamaguchi, Director of the Culinary Institute of the Pacific. Yamaguchi, who was recently named Culinary Institute of the Pacific’s program coordinator will collaborate closely with the CIA’s chef instructors to develop a long-term and mutually beneficial relationship between the two organizations. “We are excited to collaborate with CIP to provide this workforce development program,” said Chef David Kamen, director of client experience at CIA Consulting. “These hands-on programs—set against the beautiful backdrop of Diamond Head—provides a dynamic learning environment and will help ensure the talent pipeline in the islands remains robust for years to come.” For more information or to register, visit About The Culinary Institute of America Founded in 1946, The Culinary Institute of America is the world’s premier culinary college. Dedicated to developing leaders in foodservice and hospitality, the independent, not-for-profit CIA offers associate, bachelor’s, and master’s degrees with majors in culinary arts, baking & pastry arts, food business management, hospitality management, culinary science, and applied food studies. The college also offers executive education, certificate programs, and courses for professionals and enthusiasts. Its conferences, leadership initiatives, and consulting services have made the CIA the think tank of the food industry and its worldwide network of more than 50,000 alumni includes innovators in every area of the food world. The CIA has locations in New York, California, Texas, and Singapore. For more information, visit About Culinary Institute of Pacific The programs at The Culinary Institute of the Pacific (CIP) at Kapiʻolani Community College planted its roots in 1946, then known as the “Hotel and Restaurant” program, under the Territorial Department of Public Instruction located at the Palama Settlement facilities. Since then, the program has moved from the Ala Wai Clubhouse to the Pensacola Campus to where it currently stands along the slopes of Lē‘ahi. The program has recently expanded its footprint to include the Culinary Institute of the Pacific at Diamond Head where two state-of-the-art culinary laboratories have been built and will soon be home to three prized facility additions: a Tasting Studio, the Food Creativity Center, and the highly anticipated CIP restaurant. The CIP program prides itself as a conduit for supporting the State of Hawai‘i’s culinary industry through a multitude of educational avenues, both short and long term, including bachelor’s degree transfer pathways, associate degrees, certificates, workforce development, and non-credit programming. The Culinary Institute of the Pacific programs extend across the University of Hawaiʻi Community Colleges System including programs at Leeward Community College, Kauaʻi Community College, Maui College, and Hawaiʻi Community College. Contact Details The Culinary Institute of America Amanda Secor - Associate Director, Industry Marketing & Communications +1 845-451-1457 Lisa Yamamoto - Public Information Specialist +1 808-734-9136 Company Website

April 16, 2024 10:35 AM Eastern Daylight Time

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Comtex Launches Omnia: A Cutting-Edge News API Platform leveraging NLP and AI


Comtex News Network, Inc (Comtex), a leading provider of news aggregation and distribution services to top firms in financial services, news publishing, syndication, and analytics, proudly announces the launch of its innovative API platform, Omnia. Omnia is a state-of-the-art API platform designed to revolutionize the way businesses access and utilize news content. Omnia empowers users with instant access to real-time streaming news, AI-generated article summaries, enhanced tagging and categorization based on NLP, advanced filtering, and access to an extensive catalog of curated news sources. Key Features of Omnia Include: Real-time Streaming News: Omnia provides real-time streaming news via websockets push and REST API for seamless integration into existing systems. Enhanced Tagging and Categorization: Leveraging AI and proprietary NLP-based algorithms, Omnia offers enhanced tagging and categorization of content, including press releases, earnings releases, product categories, and more. AI-Generated Article Summaries: Omnia utilizes AI to generate concise and searchable article summaries, enabling users to quickly grasp an article before reading it. Advanced Filtering: Omnia's advanced filtering capabilities allow users to customize their news feeds based on specific criteria, ensuring they receive only the most relevant content. Access to an extensive collection of curated, high-quality sources used by top companies in financial services, analytics, research and a broad range of industries. Omnia is designed for rapid integration and serves a variety of use cases, including training of LLMs, financial platforms, asset management, trading, academic research, legal research, market research, and much more. Commenting on the launch, Comtex CEO Kan Devnani said, "We are pleased to bring a flexible, state-of-the-art news platform with access to curated, premium news sources to market. Omnia is an extendable platform, combining AI with our rich experience applying NLP to news content. This will allow clients to derive more intelligence and insights from the news content we offer and help clients curate and identify the content most relevant to them. Comtex will use Omnia to deliver evolving analytics and insight to its users." Access to Omnia can be trialed by visiting Comtex encourages users to explore its features and capabilities. To learn more about Omnia and request a demo, please contact or visit About Comtex News Network, Inc (Comtex): Comtex News Network Inc (Comtex) is a leading provider of news aggregation services to top firms in financial services, news publishing, syndication, and analytics. With a wealth of experience and expertise, Comtex delivers comprehensive news solutions that empower businesses to make informed decisions and stay ahead of the competition. Comtex also offers syndication services to content providers and platforms to generate traffic to online content. Contact Details Comtex News Network Media Relations

April 12, 2024 02:01 PM Eastern Daylight Time

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Select Sector SPDR ETFs: A Strategic Approach to Precision Investing and Customized Portfolios

Select Sector SPDR

In the dynamic world of investing, Exchange-Traded Funds ( ETFs ) have proved to be a powerful tool for investors seeking diversification, flexibility, and potentially a more sector-driven approach. Select Sector SPDR ETFs offer a focused approach to sector investing, enabling investors to specifically target sectors within the broader market. This method of investment strategy is designed to arm investors with greater control and flexibility over their portfolios. Select Sector SPDR ETFs segment the S&P 500 into 11 investable sectors, covering all broad market segments. They provide access to various industries, allowing investors to craft a diversified portfolio that aligns with their unique investment goals. This approach presents an excellent opportunity for both individual and institutional investors to effectively navigate the financial markets. Each ETF comprises well-known, large-cap companies from the S&P 500, ensuring broad exposure and diversification. The transparent nature of ETFs allows for daily disclosure of portfolio holdings and weightings, providing investors with visibility into their investments. The full lineup of Select Sector SPDR ETFs includes: Communication Services Select Sector SPDR Fund (XLC) Consumer Discretionary Select Sector SPDR Fund (XLY) Consumer Staples Select Sector SPDR Fund (XLP) Energy Select Sector SPDR Fund (XLE) Financials Select Sector SPDR Fund (XLF) Health Care Select Sector SPDR Fund (XLV) Industrials Select Sector SPDR Fund (XLI) Materials Select Sector SPDR Fund (XLB) Real Estate Select Sector SPDR Fund (XLRE) Technology Select Sector SPDR Fund (XLK) Utilities Select Sector SPDR Fund (XLU) These ETFs provide flexible, transparent, and low-cost investment options to both retail and institutional investors. The flexibility offered by these ETFs empowers investors to make strategic adjustments in their portfolios as market conditions change. This flexibility, combined with the transparency of daily disclosure of portfolio holdings, allows investors to always be aware of where their money is invested. Select Sector SPDR ETFs offer a unique opportunity to invest in various sectors with precision and flexibility. They provide a simplified approach to sector investing, allowing investors to customize their portfolios to meet their specific investment objectives. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: Website: *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007439 EXP 5/31/24 Contact Details Dan Dolan +1 203-935-8103 Company Website

April 12, 2024 05:00 AM Eastern Daylight Time

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Alzheimer’s Disease Research Foundation

Cure Alzheimer’s Fund, a nonprofit dedicated to funding the most promising research to prevent, slow or reverse Alzheimer’s disease, is honored to be the recipient of donations raised by the Hamilton and Bowdoin Colleges’ women’s lacrosse teams. The Continentals from Hamilton College @hamiltonwomenslacrosse in Clinton, New York, were hosted by NESCAC rival Polar Bears from Bowdoin College @bowdoinwlax in Brunswick, Maine on Saturday, March 30. The teams joined forces to dedicate their game to raising awareness and contributions for research in honor of those who have been impacted by Alzheimer’s disease. More than $900 was raised for research. “Over the course of their lives, women are more likely to be both caregivers and patients impacted by Alzheimer’s disease,” said Meg Smith, CEO of Cure Alzheimer’s Fund. “These young women inspire us by educating their communities about this relentless disease and our work to end it, and by taking control of their futures and reducing their own risk of dementia through education and exercise.” There are 6.9 million people in the United States—and 50 million people throughout the world—currently living with an Alzheimer’s diagnosis, and experts estimate there may be as many as three times more people living with the disease who have not yet been diagnosed. Both men and women develop Alzheimer’s disease, but two-thirds of all patients are women, and women are frequently the primary caregivers for spouses, partners, parents and others with the disease. “I am grateful to have partnered with my friend, Liz Grote, and her Bowdoin Lacrosse team,” said Patty Kloidt, coach of the Hamilton Women’s Lacrosse team. “She and I, along with members of our teams have experienced loved ones who suffered from this disease. We want our communities to be aware of the Cure Alzheimer's Fund and consider supporting their amazing work. Too many people, including caregivers, are suffering from this horrible disease. Please spread the word about the Cure Alzheimer's Fund and join in the fight for our future generations.” Cure Alzheimer’s Fund is a non-profit dedicated to funding the most promising research to prevent, slow, or reverse Alzheimer’s disease. Since its founding in 2004, Cure Alzheimer’s Fund has provided more than 833 grants to more than 300 of the world’s leading researchers and contributed more than $199 million to research. Its funded initiatives have been responsible for many key breakthroughs in understanding the causes and pathology of Alzheimer’s disease. Cure Alzheimer’s Fund has received a 4-star rating for more than 12 consecutive years from Charity Navigator. Our Board of Directors, Trustees, and a core group of other donors direct their donations to our overhead expenses so that 100% of general donations go to our research program. For more information, visit To learn about the impact of Alzheimer’s on women and women working towards a cure, visit Contact Details Cure Alzhiemer's Fund Barbara Chambers +1 978-417-9890 Company Website

April 11, 2024 07:00 AM Eastern Daylight Time

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Platinum Learning Nursing CE Announces Continuing Education Programs for Healthcare Professionals

Rev Up Marketers

Platinum Learning Nursing CE, a provider of continuing education (CE) for healthcare professionals, has announced a new lineup of programs designed to meet the educational needs of registered nurses (RNs), licensed vocational nurses (LVNs), licensed psychiatric technicians (LPTs), and advanced practice registered nurses (APRNs). These programs cover a wide range of topics essential for maintaining competency and staying up-to-date with the latest advancements in healthcare. Focus on Registered Nurses (RNs) Registered nurses play a vital role in the healthcare system, providing care to patients in various settings. To maintain their licensure, RNs in most states, including California, are required to complete a certain number of CE credits every renewal period as mandated by the California Board of Registered Nursing (BRN). When searching for RN license renewal CE providers, Platinum Learning Nursing CE stands out with its comprehensive curriculum and engaging learning formats. Their CE programs for RNs address a variety of relevant subjects, including: Medical-Surgical Nursing Critical Care Nursing Pediatric Nursing Geriatric Nursing Mental Health Nursing Leadership and Management Legal and Ethical Issues in Nursing The programs are designed to be informative and engaging, featuring interactive modules, case studies, and self-assessments to reinforce learning. Addressing LVN License Renewal in California Licensed vocational nurses (LVNs) are an essential part of the healthcare team, working under the supervision of RNs and physicians to provide direct patient care. In California, LVNs are mandated to complete 30 CE hours for each license renewal cycle. The company offers a comprehensive selection of CE programs specifically tailored to the needs of LVNs in California, encompassing topics directly relevant to LVN license renewal in California, such as: Basic Nursing Skills Medication Administration Wound Care Infection Control Communication and Collaboration Documentation and Reporting These programs are developed to ensure LVNs meet the California Board of Vocational Nursing and Psychiatric Technicians (BVNPT) requirements for license renewal. Continuing Education Opportunities for Other Healthcare Professionals The company also caters to the educational needs of licensed psychiatric technicians (LPTs) and advanced practice registered nurses (APRNs). LPT programs address mental health assessment, crisis intervention, and psychopharmacology, while APRN programs delve into areas like primary care, family practice, and acute care. Conclusion Platinum Learning Nursing CE's commitment to providing high-quality, accessible CE programs empowers healthcare professionals across various disciplines to enhance their knowledge, skills, and abilities. This focus on continuing education fosters better patient care, improved healthcare outcomes, and a more competent healthcare workforce. For any press-related queries or additional details, please mail to or visit About Platinum Learning Nursing CE Platinum Learning Nursing CE is a dedicated provider of continuing education programs for healthcare professionals, including registered nurses, licensed vocational nurses, licensed psychiatric technicians, and advanced practice registered nurses. Their mission is to empower nurses and other healthcare providers with the knowledge and skills necessary to deliver exceptional patient care. Their programs are developed by industry experts and adhere to the latest guidelines and regulations set forth by regulatory bodies. Contact Details Platinum Learning Nursing CE Irine Achuamang +1 424-347-0362 Company Website

April 04, 2024 05:31 PM Eastern Daylight Time

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Annette Clayton Joins Flash Board of Directors

Flash Parking

Flash, the leading digital ecosystem provider connecting drivers to parking and EV charging experiences, today announced Annette Clayton, chairwoman and former CEO of Schneider Electric, has joined the company’s board of directors. Ms. Clayton has decades of automotive, technology and energy industry experience and brings an extensive track record guiding corporate strategy and operations for growth companies and pioneering startups. “We are incredibly fortunate to welcome Annette to our board of directors,” said Dan Sharplin, Flash’s CEO and Chairman. “She is an accomplished leader who has dedicated her career to companies that are transforming their respective industries, and her talents and expertise will be invaluable to our next chapter of growth, particularly when it comes to meeting the needs of modern drivers through the next wave of EV adoption.” Ms. Clayton joins Flash’s board of directors after recently concluding her tenure as CEO of Schneider Electric North America. During that time, Ms. Clayton led business strategy for the region, representing 30,000 employees and sales of more than $11 billion in fiscal year 2022. “Working with innovators like Flash that reimagine an industry is the work I love,” said Ms. Clayton regarding her appointment. “I have followed Flash’s evolution from its startup days and think the current moment is among its most exciting – Flash has done the heavy lifting and is poised to bring all the players together to set the new standard for a first-of-its-kind digital ecosystem.” Ms. Clayton currently serves on the public boards of Duke Energy, NXP Semiconductors, Oshkosh Corporation and Nordson Corporation. Ms. Clayton’s prior board service includes National Electrical Manufacturers Association, National Association of Manufacturers and many of Schneider Electric’s Energy-as-a-Service joint ventures. She was also a member of Rewiring America’s CEO’s for Electrification coalition for business leaders. Prior to Schneider Electric, she served in senior management roles for Dell, where she led the transformation of its global supply chain and fulfillment model, and General Motors Corporation, including president of Saturn Corporation, where she oversaw strategic direction, financial accountability, and profitability. Ms. Clayton holds a bachelor’s degree in general engineering from Wright State University, a master’s degree in engineering management from the University of Dayton and has completed the London Business School executive development program. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit to learn more. Contact Details Flash Parking Ray Young +1 512-694-6097 Company Website

April 04, 2024 03:00 PM Eastern Daylight Time

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Classiq and Quantum Intelligence Corp (QIC, Korea) Partner On Quantum Accelerated Drug Development

Classiq Technologies

Classiq, a leading quantum computing software company, and Quantum Intelligence Corp. ( QIC, Korea ) today announced the launch of innovative joint research to accelerate drug development by applying quantum computing to pharmacology. The collaboration is under the auspices of Classiq’s Quantum Computing For Life Sciences & Healthcare Center, launched with NVIDIA last year. This new partnership is dedicated to utilizing the Classiq platform to explore the use of quantum computing in pharmacology for a wide range of predictive and analytical applications. This includes the discovery and design of novel drug candidates as well as the prediction of potential side effects and interactions. The partnership focuses on significantly enhancing the efficiency and accuracy of drug development by integrating Classiq's quantum computing platform with QIC's drug development platform. “Quantum Intelligence diverges from the traditional route of biopharmaceutical companies, positioning itself more as a platform company powered by quantum and AI technology,” stated QIC's CEO, Hwanho Choi, MD., PhD. “Through this unique collaborative approach, we aim to precisely identify potential side effects early on, reducing risks across all stages of drug development and clinical trials.” QIC, a South Korean startup pioneering the QUEST-ADMET platform based on quantum computing and AI technologies, targets prediction of compound properties through electronic charge distribution algorithms, to efficiently assess therapeutic solution efficacy and safety of drug candidates. Classiq offers a leading quantum development platform with unique technology enabling high-level abstraction that simplifies and accelerates development of efficient complex quantum software and applications. The Classiq platform’s built-in functions, GitHub repository and seamless execution on quantum computing hardware, will be key components in the research to develop pharmacology applications for research. “This agreement marks a significant step towards a new era of accelerated drug development using quantum computing technology,” said Classiq’s CEO Nir Minerbi. “By combining Classiq's quantum computing technology with QIC's drug development platform, we target significant improvements in the efficiency and accuracy of drug development.” About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing platform (IDE, compiler and OS) with a single point of entry into quantum computing, taking users from algorithm design to execution. The high-level descriptive quantum software development environment, tailored to all levels of developer proficiency, automates quantum programming. This ensures that a broad range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of quantum physics. Classiq democratizes access to quantum computing and equips its users to take full advantage of the quantum computing revolution, including access to a broad range of quantum hardware. Classiq’s core technology, algorithmic quantum circuit compilation, is engineered to power the quantum ecosystem of today and the future. Classiq works closely with quantum cloud providers and advanced computation hardware developers providing software for use with quantum computers, HPC and quantum simulators. Backed by investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking quantum engine. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, and visit the Slack community and website, to learn more. About Quantum Intelligence Corp. (QIC) Founded in 2020 by CEO Dr. Choi Hwanho and CTO Dr. Kang Hong-seok, Quantum Intelligence Corp. (QIC), based in Seoul, South Korea, is at the forefront of integrating quantum computing with artificial intelligence to revolutionize drug discovery. Using its advanced QUEST-ADMET platform and the Quantum-Dock module, QIC aims to outperform conventional drug development approaches in both accuracy and speed, offering highly precise predictions of drug efficacy and safety. QIC's global expansion is supported by strategic partnerships, including collaborations with Oxford Quantum Circuits (UK), Quandela (France), and QuEra Computing (US), alongside a joint venture with 48Hour Discovery (Canada). These partnerships enhance QIC's presence in key North American, European and Asian markets. The collaborations are aimed at improving pharmacological predictions, discovering new drug candidates and investigating metalloprotein-ligand interactions and pharmacokinetics. Beyond healthcare, QIC is also exploring quantum computing's potential in the financial sector, aiming to transform algorithmic trading, risk analysis and asset management. QIC's diverse team of experts in quantum physics, molecular modeling and AI is committed to driving innovations that optimize the drug development process. These efforts have established QIC as a prospective leader in quantum drug discovery, aiming to reduce development costs and timelines while improving drug safety and efficacy. The company's strategy to license out drug candidates developed with its quantum computing technology marks a paradigm shift in the pharmaceutical industry, underscoring Quantum Intelligence's potential for significant growth. Contact Details Rainier Communications on behalf of Classiq Michelle Allard McMahon Quantum Intelligence Corp. (QIC) Byung-Hoon Kim, Operations Manager Company Website

April 04, 2024 08:00 AM Eastern Daylight Time

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Amesite Inc. (NASDAQ: AMST) Is Helping Transform The Booming Digital Education Market In North America With Its Innovative AI Technology


By Faith Ashmore, Benzinga Four years later it is more evident than ever that the global impact of COVID-19 has revolutionized the education sector. What was previously considered impractical has now become the norm, with digital learning models increasingly adopted from primary to tertiary levels, as well as business development programs. Despite this transformation, there are few companies and institutions that are effectively providing the resources needed to evolve in the digital world. The digital education sector is poised to grow exponentially in the coming years. With the global digital education market projected to expand at an impressive CAGR of 25.8%, its value is expected to skyrocket from $19.2 billion in 2023 to $97.5 billion by 2030. This compares to a CAGR of just 4.21% for the broad U.S. education market over 2022-2030 – signifying a turning point in education approaches. North America is expected to represent the largest share of the global digital education market due to its advanced technological infrastructure and because the region was the first to embrace digital education. One of the key reasons behind the industry's thriving success is its ability to transcend geographical limitations. By incorporating interactive multimedia resources, online courses and virtual classrooms, digital education platforms provide learners with unparalleled flexibility and accessibility at a lower cost to the student. This is particularly relevant in today's fast-paced world where individuals seek to balance work, personal commitments and education. Another key driver for the market is the growth of skill-development initiatives. In a time marked by rapid technological change and an evolving labor market, there is a growing awareness of the importance of skill development, with many conventional jobs now changing or being supplanted by technology. The exponential growth in digital education is also a response to this evolution, and academic institutions like colleges and universities represent the top revenue contributors. All of these trends make the work of companies like Coursera (NYSE: KOR), 2U (NASDAQ: TWOU) and Amesite Inc. (NASDAQ: AMST) even more important for learning institutions and companies. Amesite: An AI-Driven Digital Education Company Amesite Inc. (NASDAQ: AMST), an artificial intelligence software company that offers a cloud-based learning platform for businesses and education, is one of the few “pure play” public companies revolutionizing the e-learning space. The company's smart and intuitive learning environments assist organizations – including universities and colleges – in launching branded learning programs easily and affordably. With a focus on providing innovative solutions, Amesite enables organizations to quickly evolve with the times by offering a zero-cost set-up fee platform that leverages Artificial Intelligence (AI) and facilitates personalized, engaging and efficient learning experiences. The company is known for its best-in-class Learning Management System (LMS) which can integrate with thousands of Application Programming Interface (APIs), enabling the sharing of information with different software applications. Amesite has already seen success in growing sales activity in the digital education sector since introducing its no set up fee approach to the eLearning sector with contracts all over the country with higher education. Since September the company announced the collaboration with Partners for Advancing Clinical Education (PACE) to deliver accredited continuing education and five-year partnerships with: Benedict College Drake State Community and Technical College West Virginia Northern Community College Joliet Junior College Volunteer State Community College The company has also reported an overall learner/student retention rate of 96-98% for its platforms (defined as what percentage of students complete the course). This metric is impressive when compared to the average retention rate for comparable paid online courses which ranges from 68-73%. As technology continues to advance and education embraces digital transformation, the digital education sector is poised to shape the future of learning, making it an exciting and thriving industry for individuals to be a part of – driven by companies like Amesite that are helping shape the future of digital education in the North American market. With the momentum Amestite is experiencing with recent contract wins, Amesite looks to raise its profile within the online learning sector and the investment community. Featured photo by Nick Morrison on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 Company Website

April 01, 2024 08:35 AM Eastern Daylight Time

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