China Liberal Education Holdings Limited (Nasdaq: CLEU) (“China Liberal”, or the “Company”, or “we”), an educational services provider in China, today announced that the Company has officially launched AI-Space (“AI-Space”), an all-in-one machine designed to provide highly integrated visualization solutions for various scenarios with strict reliability requirements. These various scenarios may include, command center, lecture hall, conference room, multi-functional exhibition hall, smart classroom, vehicle emergency, portable command, telemedicine, science and technology court, and smart home.
The Company began to develop AI-Space in September 2019, following a thorough market research and demand analysis. We have successfully completed two prototypes in September 2020, and have started production for a much higher volume of AI-Space in November 2020. Currently, we keep our assembly in-house.
AI-Space adopts the design concept of all-in-one, and integrates audio processor, seamless mixed video matrix unit, programmable central control unit, gigabit switch unit, cross-platform runtime, recording and broadcasting codec, video conference terminal and multi-party interactive MCU. It adopts a hot-swappable design, which is easy to operate, has powerful application functions and can be applied to a wide range of applicable scenarios, offering users integrated solutions.
Ms. Ngai Ngai Lam, Chairwoman and CEO of China Liberal, commented, “We are excited to launch our all-in-one machine, AI-Space, following our one-year independent research and development. As an educational services provider in China with wide institution connections, we have a keen and accurate understanding of the market and customer demand. Driven by the market demand, we independently developed AI-Space to explore our market opportunities and diversify our business. Our target clients include schools, government departments, enterprises, high-end clubs and villas. We have already sold eight AI-Space machines to different institutions as of today. Looking forward, we plan to mass produce AI-Space machines and expand our market coverage to create long-term value for our shareholders.”
