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PR Newswire

ITM Power plc Sale to Linde of World’s Largest PEM Electrolyser

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GUILDFORD, England, Jan. 14, 2021 — ITM Power ("ITM Power" or "the Company") (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the sale to Linde of a 24MW electrolyser to be installed at the Leuna Chemical Complex in Germany. The full text of the Linde announcement is set out below.

Linde to Build, Own and Operate World’s Largest PEM Electrolyzer for Green Hydrogen

Linde today announced it will build, own and operate the world’s largest PEM (Proton Exchange Membrane) electrolyzer plant at the Leuna Chemical Complex in Germany.

This new 24 megawatt electrolyzer will produce green hydrogen to supply Linde’s industrial customers through the company’s existing pipeline network. In addition, Linde will distribute liquefied green hydrogen to refueling stations and other industrial customers in the region. The total green hydrogen being produced can fuel approximately six hundred fuel cell buses driving 40 million kilometers and saving up to 40,000 tons of carbon dioxide tailpipe emissions per year.

The electrolyzer will be built by ITM Linde Electrolysis GmbH, a joint venture between Linde and ITM Power, using high-efficiency PEM technology. The plant is due to start production in the second half of 2022.

"Clean hydrogen is a cornerstone of the German and EU strategies to address the challenge of climate change. It is part of the solution to help reduce carbon dioxide emissions across many industries, including chemicals and refining," said Jens Waldeck, President Region Europe West, Linde. "This project shows that electrolyzer capacity continues to scale up and it is a stepping stone towards even larger plants."

Linde is a global leader in the production, processing, storage and distribution of hydrogen. It has the largest liquid hydrogen capacity and distribution system in the world. The company also operates the world’s first high-purity hydrogen storage cavern, coupled with an unrivaled pipeline network of approximately 1,000 kilometers to reliably supply its customers. Linde is at the forefront in the transition to clean hydrogen and has installed close to 200 hydrogen fueling stations and 80 hydrogen electrolysis plants worldwide. The company offers the latest electrolysis technology through its joint venture ITM Linde Electrolysis GmbH.

Graham Cooley, CEO of ITM Power, said: "This is the first sale via our joint venture with Linde and is currently the world’s largest announced PEM electrolyser. This is a significant addition to our sales pipeline and illustrates how the capacity and efficiency of our new factory allows us to tender for much larger scale projects. It demonstrates the growing commitment by industry to use green hydrogen produced by electrolysis to decarbonise production processes. We look forward to working closely with Linde to deliver this exciting project."

Andreas Rupieper, MD ILE GmbH said: "ITM Linde Electrolysis GmbH is delighted to have received this order for the world’s largest PEM electrolyser from Linde plc. The close working relationship between the ITM Power engineering team and Linde Engineering in Dresden is driving forward our industrial scale offering to help customers reduce their CO2 emissions. Because we have well-engineered and integrated turn key solutions available today for customers, we feel confident that this important 24MW project is just the beginning of our journey together."

For further information please visit www.itm-power.com or contact:
ITM Power plc
James Collins, Head of IR
+44 (0)114 263 7646
ir@itm-power.com

Investec Bank plc (Nominated Adviser and Broker)
Jeremy Ellis / Chris Sim / Ben Griffiths
+44 (0)20 7597 5970

Tavistock (Financial PR)
Simon Hudson / Edward Lee / Tim Pearson
+44 (0)20 7920 3150

About ITM Power plc:

ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. In October 2019, the Company announced the completion of a £58.8 million fundraising, including an investment by Linde of £38 million, together with the formation of a joint venture with Linde to focus on delivering renewable hydrogen to large-scale industrial projects worldwide. In November 2020, ITM Power completed a £172m fundraising, including a £30m investment by Snam, one of the world’s leading energy infrastructure operators. ITM Power signed a forecourt siting agreement with Shell for hydrogen refuelling stations in September 2015 (which was extended in May 2019 to include buses, trucks, trains and ships), and in January 2018 a deal to deploy a 10MW electrolyser at Shell’s Rhineland refinery. ITM Power announced the lease of the world’s largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019. Customers and partners include Sumitomo, Ørsted, Phillips 66, Siemens Gamesa, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, National Express, Toyota, Honda, Hyundai, Optimal and Anglo American among others.

About Linde

Linde is a leading global industrial gases and engineering company with 2019 sales of $28 billion (€25 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet. 

The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde’s industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

 

 

Related Links :

http://www.itm-power.com

PR Newswire

ReneSola Power Announces Sale of 12.3 MW of Projects in Hungary

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STAMFORD, Conn., Jan. 8, 2021 — ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it entered into an agreement to sell a portfolio of projects located in Hungary to Obton, a leading international solar investment company headquartered in Aarhus, Denmark.

The portfolio comprises 20 solar plants in five locations, including Sárbogárd, Kömlöd, Szajol, Lukacshaza, and Törökszentmiklós, with a combined capacity of 12.3 MW.  These 20 solar projects, which were successfully connected to the grid in 2020, are now in operation and are qualified under the Hungarian 25-year KAT feed-in tariff scheme.

Mr. Josef Kastner, CEO of ReneSola European Region, commented, "Despite ongoing challenging macro conditions, our team continues to execute on our strategy and optimize our solar assets through strategic sales. Obton remains a valuable partner for us, and we are thrilled to once again collaborate on this transaction. We look forward to working with Obton in Hungary and other geographies across Europe in the future."

ReneSola Power CEO Yumin Liu added, "Over the past several years, we have demonstrated our expertise in developing and operating solar projects, closing financing transactions and monetizing projects to generate profits in the downstream segment of the solar industry across Europe.  Hungary remains an important market for solar power in the EU, and this transaction further strengthens ReneSola Power’s market position in the country.  We are proud of our team, and believe we are well-positioned to drive more profitable growth in the quarters ahead."

Mr. Anders Marcus, CEO and Co-founder of the Obton Group, said, "ReneSola Power is a trusted partner of Obton’s, and we are excited to increase our participation in the Hungarian solar market with the support from ReneSola Power. Importantly, we are encouraged that we were able to enter into an agreement despite the challenging circumstances.  We are also proud of our team for being effective, creative and goal-oriented, which we believe are the key competences for success.  We look forward to joining forces with ReneSola Power to pursue other project opportunities in Hungary and any other countries in the future."

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.

About OBTON

Obton is an investment and development company that targets land and rooftop owners, developers and financial institutions with the goal of building a broad and risk-diverse portfolio of assets in the field of renewable energy. Our expertise includes development, funding and management of solar PV projects – primarily projects starting from EUR 10m for stable markets in Europe and North America.

Related Links :

http://www.renesolapower.com

PR Newswire

Geek+ and Universal Logic team up to explore new depths of flexible automation and elevate industry 4.0

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SAN DIEGO, Calif., Jan. 7, 2021 — Geek+, a global leader in autonomous mobile robots (AMRs) and warehouse automation, and Universal Logic, a world-leading pioneer of an AI/sensor/machine-control software "brain" for robots, announce the beginning of a new partnership. Together, the two technology leaders declare a joint commitment to support the manufacturing and logistics industry with a paradigm-shifting goods-to-robot solution, for automating supply chain operations and elevating industry 4.0.

With large parts of the supply chain dependent on fixed automation and manual materials handling, the rise in demand for customization and made-to-stock capabilities have resulted in strained processes. In turn, it has generated a need for technologies that can automate the flexibility and precision of skilled labor and combine it with the throughput capacity of dynamic inventory control.

Randy Randolph, Senior Sales Manager of Geek+ US, says: "We are very glad to partner with Universal Logic and look forward to leveraging their extensive experience in automating dynamic robot behavior to realize the full potential of our intelligent mobile robotics solutions. By combining our advanced robotics hardware with Universal Logic’s unparalleled experience, we believe that this collaboration has the potential to transform the global supply chain and shape the future."

The partnership will give Universal Logic access to Geek+’s wide range of robotics hardware for intelligent sorting and picking. Built on autonomous mobile robot technology and AI-driven software, Geek+ will provide Universal Logic with the flexibility to automate the entire chain from dynamic inventory control to pick & pack, expanding from goods-to-man to goods-to-robot solutions. Correspondingly, Geek+ will have access to Neocortex, Universal Logic’s AI platform featuring real-time and modular robot control for extended perception, direct grasping, and advanced robot guidance, enabling human-like flexible picking capabilities, to unleash the true potential of intelligent robotics for logistics.

Universal Logic CEO, David Peters, states: "The Geek+ mobile robot platform, dovetails perfectly with Universal’s dynamic robot control for picking and packing, providing our customers seamless automation capabilities, creating an end-to-end solution to meet current and future supply chain needs."  

Today, Geek+ and Universal Logic respectively serves a broad customer range including Fortune 500 Companies and regional businesses. The collaboration will enable them to strengthen their industry leadership and provide clients with flexible, adaptable, and efficient operations that can meet challenges associated with high mix/high volume applications in manufacturing, wholesale, and retail. By combining the efficiency and speed of robots with human-like precision and flexibility, it will allow businesses to realize stable and reliable supply chain operations and meet the challenges of tomorrow.

About Geek+

Geek+ is a global technology company leading the intelligent logistics revolution. We apply advanced robotics and AI technologies to realize flexible, reliable, and highly efficient solutions for warehouses and supply chain management. Geek+ counts 300 global customers and has deployed more than 10,000 robots worldwide. Founded in 2015, Geek+ has over 800 employees and is headquartered in Beijing, with offices in Germany, the UK, the US, Japan, Hong Kong, and Singapore.

For more information, please visit: https://www.geekplus.com/

About Universal Logic

Universal Logic invented a proprietary AI/sensor/machine-control software "brain" for robots, called Neocortex. It gives machines human-like flexibility at high speed, and is hardware agnostic, working with all major brands of equipment. The company is also a system integrator, with over twelve years of experience installing turnkey solutions for its clients. 

Related Links :

http://www.geekplus.com

PR Newswire

TLScontact closes 2020 on a high with inclusion on $3.3 Billion USD U.S. State Department contract vehicle

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PARIS, Jan. 7, 2021 — TLScontact, a global visa and consular services specialist and part of the Teleperformance Group, in partnership with PAE, a global leader in delivering smart solutions to the U.S. government and its allies, has been awarded a place on a U.S. State Department contract with a potential value of up to $3.3 Billion USD over ten years.

The U.S. State Department’s Global Support Strategy 2.0 Indefinite Delivery, Indefinite Quantity (IDIQ) contract vehicle covers the provision of support services for U.S. consular operations around the world. The IDIQ, which will run for a ten-year period starting from 2020, has a maximum value of $3.3. billion USD.

In partnership with PAE, TLScontact will compete for task orders awarded through the IDIQ, to deliver overseas consular support services in 120 countries. Eighteen task orders will be awarded in total, for the provision of information services, application and appointment services, fee collection, document delivery, queue management, staffing and off-site data collection to 175 U.S. consular sections around the world.

TLScontact has extensive experience in the visa sector, having processed millions of visas each year on behalf of major governments around the world since it was founded over a decade ago.

Commenting on the announcement, Simon Grant, CEO of TLScontact, said:

"We are delighted with this decision. We look forward to supporting the United States government in delivering world-class services to U.S. visa applicants, drawing on our extensive experience in the visa sector and focus on delivering exceptional customer experience."

About TLScontact

TLScontact works with governments from around the world to provide visa and consular services on their behalf to travellers and citizens. Present in 90 countries, TLScontact operates 150 visa application centres and handles over 4 million visa applications every year. TLScontact is part of Teleperformance Group, the global leader in customer experience management.

About PAE

For 65 years, PAE has tackled the world’s toughest challenges to deliver agile and steadfast solutions to the U.S. government and its allies. With a global workforce of about 20,000 on all seven continents and in approximately 60 countries, PAE delivers a broad range of operational support services to meet the critical needs of our clients. Our headquarters is in Falls Church, Virginia. Find us online at pae.com, on Facebook, Twitter and LinkedIn.

 

Related Links :

http://tlscontact.com

PR Newswire

JA Solar Supplied 88MW Modules for Indian Solar Plant Developed by Juniper

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BEIJING, Dec. 31, 2020 — JA Solar recently announced its supply of 88MW modules to Gujarat Urja Vikas Nigam Limited (GUVNL) project developed by Juniper, one of the largest PV project developers in the local market, which opens a new chapter for the two companies on cooperation.

Led by a team with significant experience in conceptualizing, building and developing renewable energy assets, Juniper is a renewable energy power producer and operator for solar projects. Based on the cooperation, the two sides intend to strengthen cooperation in the future to promote the development of PV industry in the Indian market.

Since its official entry into the Indian market in 2015, JA Solar has won high recognition in the local market and favored by many local PV project developers with its reliable product quality, stable financial advantages and solid industry reputation. Through close cooperation with local developers, JA Solar will further deepen localized operation and provide quality products and services to Indian customers.

Related Links :

https://www.jasolar.com/

PR Newswire

AGTech Wins Lottery Hardware Bids in Three Provinces of China

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HONG KONG, Dec. 24, 2020 — AGTech Holdings Limited ("AGTech" or the "Company", HKEX stock code:08279) is delighted to announce that its wholly-owned subsidiary, Beijing AGTech GOT Technology Co., Ltd ("AGTech GOT") has won three sports lottery terminal procurement bidding projects successively in Shaanxi province, Guizhou province and Hubei province of the People’s Republic of China.

So far, AGTech GOT has already won many tenders in various provinces, municipalities and autonomous region across China this year, which reaffirmed the hardware division’s continued dedication to and leading position in China’s sports lottery terminal market, demonstrating the continued effort and competitiveness of AGTech’s lottery terminals. AGTech will continue to enhance product innovation, ensure safety and R&D compliance, and contribute to the overall healthy development of China’s lottery market.

About AGTech Holdings Limited

AGTech was incorporated in Bermuda and its shares are listed on the GEM (Stock Code: 08279). AGTech is an integrated technology and services company engaged in the lottery and mobile games and entertainment market with a focus on China and selected international markets. A member of the Alibaba Group with around 300 employees, AGTech is the exclusive lottery platform of Alibaba Group and Ant Group.

AGTech’s businesses are broadly divided into two categories:

  • Lottery (including hardware, games and systems,  provision of distribution and ancillary services); and
  • Games and Entertainment.

AGTech is a Gold Contributor of the World Lottery Association (WLA), an associate member of the Asia Pacific Lottery Association (APLA), and an official partner of the International Mind Sports Association (IMSA).

For more information, please visit www.agtech.com

Media Contact:
Tyler Zhang
+86-13269316081

Related Links :

http://www.agtech.com

PR Newswire

ReneSola Power Announces Sale of 15.4 MW of Solar Assets in Romania

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STAMFORD, Conn., Dec. 23, 2020 — ReneSola Ltd (NYSE: SOL) ("ReneSola Power" or the "Company"), a leading fully-integrated solar project developer today announced that it entered into an agreement to sell two ground-mounted solar parks in Romania with a combined capacity of 15.4 MW to Alternus Energy Group plc, pan-European Independent Power Producer (IPP).

The two ground-mounted solar projects include a 9.4 MW solar park located in the municipality of Costestii din Vale in Dambovita county and a 6 MW solar park located in the municipality of Dumbrava in Prahova county. The 9.4 MW plant is operated by Ecosfer Energy SRL, and the 6 MW plant is operated by Lucas Est SRL. Both Ecosfer Energy and Lucas Est SRL are special purpose vehicles ("SPVs") that have been set up for the purpose of managing the construction and operation of the solar plants and the production of electricity.

Alternus Energy expects to acquire the project-based SPVs associated with the 15.4 MW operating assets, which are owned by Luxemburg-domiciled Renesola New Energy S.A.R.L, ReneSola Power’s subsidiary that holds the Company’s projects in Romania. Alternus Energy’s acquisition of those two projects will be funded by the proceeds from the senior secured green bond and equity that it has recently issued.

Mr. Yumin Liu, Chief Executive Officer of ReneSola Power, commented, "We are excited to partner with Alternus Energy, and look forward to future collaboration. The proceeds from the sale of the operating assets will enable us to generate strong cash flow, realize profits and further strengthen our financial position. We have a strong pipeline of project activity. We look forward to pursuing other opportunities to develop, build and monetize solar projects globally, and believe our strategy resonates well with the development trend of solar energy."

Mr. Vincent Browne, Chief Executive Officer of Alternus Energy Group, commented, "The acquisition of these projects from Renesola Power will increase our existing presence in Romania where we have operated for over 6 years now. These solar parks form part of our immediate 109 MW expansion across Romania, Italy and Poland, bringing our total operating portfolio to nearly 140 MW with an additional 1GW of projects in identified pipeline today. This also marks our first transaction with the Renesola Power team, and we look forward to many more successful acquisitions from the team as they complete their current and future pipelines."

About ReneSola Power

Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola Power (NYSE: SOL) is an international leading brand of solar project developer. Leveraging its global presence and solid experience in the industry, ReneSola Power is well positioned to develop green energy projects with attractive return around the world. For more information, please visit www.renesolapower.com.

About Alternus Energy Group plc

Alternus Energy Group plc is a pan-European IPP who owns and operates a portfolio of utility-scale solar photovoltaic parks that connect directly to national power grids. The company has operational solar parks in Germany, Italy, Romania, and the Netherlands. The company is headquartered in Dublin, Ireland. For more information, please visit www.alternusenergy.com

Related Links :

http://www.renesolapower.com

PR Newswire

Ally Fashion, 145 Store Footprint Retailer, to Put Next-Gen AI Tech to the Test

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SYDNEY, Dec. 23, 2020 — Ally Fashion, continuing on 18-months of digital focus, makes critical steps to revolutionise customer journeys by creating a totally unique experience for each visitor.

Going beyond rules-based personalization, Ally Fashion are putting breakout eCommerce AI leader, Particular Audience, to the test.

Particular Audience provides a unique platform capable of adapting every product list on an eCommerce site from search results to merchandise pages and product recommendations – every product tile becomes dynamic to shopper intent and preference.

Previously cumbersome and manual tasks like merchandising are automated by Particular Audience using machine learning.

Alina Timofeeva, Ally Fashion’s Head of Ecommerce, has been leading their digital advancement, to be at the forefront of digital both in Australia and internationally.

Alina has partnered with Particular Audience to add a dynamic AI layer on top of their eCommerce platform. "Particular Audience will be an important part of our growth trajectory". Representing the next generation of technology behind great eCommerce experiences.

Sustainability is another key objective of Ally and Alina’s. Ally aims to achieve similar results to Particular Audience clients like UK based little-mistress.com, who saw a 35% reduction in item return rate on items PA drove to sale, reducing their customers’ carbon footprint and time spent queuing at the post office.

Nielsen Varoy of PA, who heads up the Ally Fashion partnership is most excited by the application of computer vision.

"Computer vision driven discovery tools on Ally compliment behavioural data and product metadata to infer similarity between items, making for a more human browsing experience.

When delivering the latest fashion trends to their global customer base, Ally encounters barriers to item discovery from the cold-start problem, exacerbating long-tail inventory i.e. stock that sells less often. Computer vision is a powerful solution to this without waiting for items to gain popularity to get impressions."

With the Covid accelerated, digital first shift in retail, businesses like Ally Fashion with large physical footprints are investing online.

Particular Audience particularaudience.com is headquartered in Sydney with offices in Vancouver and London. Particular Audience operates SaaS technologies for retailers and retail technologies for consumers under the brand Similarinc.com.

Ally Fashion allyfashion.com is headquartered in Sydney creating fashionable, affordable, quality clothing that enables every woman to access the latest global trends, styles and prints to create her own style.

Related Links :

https://particularaudience.com/

PR Newswire

uCloudlink Extends Long-standing Partnership with Vodafone

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– The company continues to maximize network utilization with efficient and optimized data procurement globally based on advanced technology and data analytic capabilities

HONG KONG, Dec. 21, 2020 — UCLOUDLINK GROUP INC. ("uCloudlink") (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, has extended its partnership with Vodafone Global Enterprise ("Vodafone") on data procurement, which has spanned six years. This long-standing partnership, along with the company’s cooperation with other partners in more than 140 countries and regions, has allowed uCloudlink to aggregate mobile data traffic allowances into its distributed SIM card pool and brought superior connectivity without limitations to users in the United Kingdom and beyond.

Under the partnership, Vodafone works as one of uCloudlink’s data suppliers and ensures the company’s occasional expansion of data traffic capacity and coverage. In addition to procuring data through traditional wholesale packages, powered by its cloud SIM technology, uCloudlink obtains data from under-utilized network resources as well. For example, network operators can sell to uCloudlink the data traffic on their networks that is under-used for traditional wholesale agreements. Further, mobile virtual network operators (MVNOs) can monetize through uCloudlink the data allowances that they have purchased from mobile network operators (MNOs) but not yet used by their own end-users.

uCloudlink has also developed proprietary algorithms to analyze historical data usage patterns and predict future data traffic demand. Based on the prediction, it can dynamically select the networks and utilize the data traffic available on its platform, ensuring reliable mobile data connectivity services to users. It also uses the insights gained from the data analytic results to efficiently procure data traffic allowances from MNOs and other sources globally. The data procurement optimizes between pricing and coverage quality, allowing uCloudlink to secure a distributed SIM card pool that offers superior coverage and user experience at competitive rates.

In such ways, uCloudlink minimizes data wastage for the participants in the mobile data value chain and allows optimal allocation of resources, which in turn help enrich its data procurement sources and make it a vibrant mobile data traffic sharing marketplace.

The partnership with Vodafone is the tip of the iceberg for the opportunities presented to uCloudlink in the early 5G era. Going forward, uCloudlink continues to work tirelessly to perfect a globally diversified business model that is asset-light and easy to scale through its business ecosystem built on uCloudlink’s PaaS and SaaS platform — endeavoring to capture the tremendous growth prospects presented in the 5G cloud era. With the international travel market on its way to recovery following the expected successful completion of COVID-19 vaccine trials, uCloudlink is poised to capitalize on the new opportunities brought about by 5G, to further develop its business potential in 2021 and beyond.

About UCLOUDLINK GROUP INC.

uCloudlink is the world’s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative CloudSIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.

PR Newswire

China Liberal Education Holdings Limited Starts Higher Volume Production and Expands Domestic Sales Channels of All-in-one Machine AI-Space

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BEIJING, Dec. 18, 2020 — 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 had started higher volume production and expanded domestic sales channels of AI-Space ("AI-Space"), an all-in-one machine designed to provide highly integrated visualization solutions for various scenarios with strict reliability requirements.

The Company has signed four regional sales cooperation agreements (the "Agreements") with four companies (the "Regional Sales Agents") covering the markets of five provincial-level regions in China, which are Sichuan, Shandong, Inner Mongolia, Shanxi and Fujian.

Pursuant to the Agreements, the Company authorized Shanxi Guangyun Jiuzhou Technology Co., Ltd, Chongqing Xueding Commerce and Trade Co., Ltd, Beijing Yunban Technology Co., Ltd and Xiamen Deyu Tiancheng Technology Co., Ltd. as sales agents to sell AI-Space to universities in the regions they cover, effective for one year from January 1 to December 31, 2021. The Regional Sales Agents agreed to take charge of the marketing and sales of AI-Space, maintain the brand image of China Liberal, and collect the sales and market feedback timely.

The Company also signed two project framework agreements (the "Framework Agreements") with two Chinese host universities, namely Fuzhou Melbourne Polytechnic ("FMP") and Straits Institute of Minjiang University ("Minjiang University") on December 10, 2020.

Pursuant to the Framework Agreements, the Company agreed to deliver AI-Space to FMP and Minjiang University by the agreed delivery dates, assist in product debugging and provide after-sales services. FMP and Minjiang University can purchase AI-Space from the Company at a fixed price for 2 years.

AI-Space can be applied to various scenarios including 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. 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 have entered into the Agreements with the Regional Sales Agents after careful selection, and have entered into the framework agreements with FMP  and Minjiang University. These agreements prove our product AI-Space is widely popular and well recognized by the market. Looking ahead, we will select more qualified university sales agents to expand our product’s market layout across China at the earliest time possible to become partners with smart conferences providers, smart homes vendors, and high-end clubs in the future."

About China Liberal Education Holdings Limited

China Liberal, headquartered in Beijing, is an educational services provider in China. It provides a wide range of services, including those under Sino-foreign jointly managed academic programs; overseas study consulting services; technological consulting services for Chinese universities to improve their campus information and data management system and to optimize their teaching, operating and management environment, creating a "smart campus"; and tailored job readiness training to graduating students. For more information, visit the company’s website at ir.chinaliberal.com.

Forward-Looking Statements

This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

Investor Relations Contact

China Liberal Education Holdings Limited
Email: ir@chinaliberal.com 

Ascent Investor Relations LLC
Ms. Tina Xiao
Email: tina.xiao@ascent-ir.com 
Tel: +1 917 609 0333