Skillful Craftsman Enters into Strategic Agreement with Newlink Technology Inc.

 Aims to jointly develop robotic process automation technology and a new vocational training environment based on AI and digital twin technology

WUXI, China, April 5, 2022 /PRNewswire/ — Skillful Craftsman Education Technology Ltd. (“the Company”) (NASDAQ: EDTK), an education technology company providing interactive online learning services, announced that Shenzhen Qianhai Jisen Information Technology Ltd. (“Jisen”), the wholly-owned subsidiary of Wuxi Kingway Technology Co., Ltd., the Company’s variable interest entity in China, has entered into a strategic cooperation agreement (the “Agreement”) with Newlink Technology Inc. (“Newlink”) (HKEX: 09600), an IT solutions provider, to jointly develop robotic process automation (“RPA”) technology and a new vocational training environment based on AI and digital twin technology.

Pursuant to the Agreement, both parties agree to jointly develop the RPA technology. Newlink agrees to provide the fundamental technologies, and Jisen agrees to conduct research on the business demand of targeted companies and provide research and development solutions based on its research. Both parties also agree to jointly develop  digital twin technology based vocational training environment, to provide training for employees at financial institutions and college students. Jisen agrees to provide Newlink’s customers with technical supports of virtual reality and the application of AI scenarios. As part of the Agreement, both parties agree to collaboratively work on industry expansion and increase each other’s business presence in both respective specialized industries. Both parties will also conduct in-depth cooperation in marketing and sales, including granting rights of distribution, project implementation, outsourcing, and operation and maintenance execution to the other party.

Mr. Xiaofeng Gao, Chairman and Co-CEO of Skillful Craftsman, commented, “We are excited about the cooperation with Newlink, which will benefit both enterprises and individuals. By leveraging the advantages of Newlink’s AI-related resources and wide range of experience in educational, financial, and medical related markets, we believe the RPA technology will help enterprises improve their work efficiency and accelerate their digital transformation. The immersive AI teaching system for vocational training will provide an improved hands-on experience to students, assisting them in matching the current fast-evolving job market. To follow the Chinese government’s guideline on promoting vocational education, we strive to make our own efforts in developing an immersive AI teaching system and the RPA technologies, which can be applicable to the development needs of the society and country.”

About Newlink Technology Inc.

Founded in 2011, Newlink Technology Inc. is an IT solutions provider focusing primarily on traditional software-driven solutions and committed to providing innovative software-driven solutions powered by artificial intelligence and big data analytics for its customers. In 2020, Newlink’s customers were mainly from the finance industry and the healthcare industry among which Newlink provides traditional IT solutions and innovative IT solutions for financial institutions and it provides innovative IT solutions, or healthcare big data solutions, for healthcare institutions. For more information, please visit: https://www.xnewtech.com/Corporate-Information?_l=en.

About Skillful Craftsman

Skillful Craftsman is an education technology company that provides interactive online vocational training and virtual simulation experimental training courses. The Company began operations in Wuxi, China in 2013 and is a key supporter for China education reform and development for labor employment. For more information, please visit: http://ir.kingwayup.com/.

Safe Harbor Statement

This report contains “forward-looking statements” for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that represent our beliefs, projections and predictions about future events. All statements other than statements of historical fact are “forward-looking statements,” including any projections of earnings, revenue or other financial items, any statements of the plans, strategies and objectives of management for future operations, any statements concerning proposed new projects or other developments, any statements regarding future economic conditions or performance, any statements of management’s beliefs, goals, strategies, intentions and objectives, and any statements of assumptions underlying any of the foregoing. Words such as “may”, “will”, “should”, “could”, “would”, “predicts”, “potential”, “continue”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates” and similar expressions, as well as statements in the future tense, identify forward looking statements. Forward-looking statements are based on information available at the time those statements are made and management’s belief as of that time with respect to future events. These statements are necessarily subjective and involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any future results, performance or achievements described in or implied by such statements. Such risks, uncertainties, and other factors include, but are not limited to, our ability to improve launch and leverage new technologies and cooperative relationships or anticipate market demand in a timely or cost-effective manner, and those factors discussed under the headings “Risk Factors”, “Operating and Financial Review and Prospects,” and elsewhere in our Annual Report on Form 20-F. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of whether, or the times by which, our performance or results may be achieved. Actual results may differ materially from expected results described in our forward-looking statements, including with respect to correct measurement and identification of factors affecting our business or the extent of their likely impact, and the accuracy and completeness of the publicly available information with respect to the factors upon which our business strategy is based or the success of our business. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.

For investor and media enquiries, please contact:

Skillful Craftsman
Investor Relations Department
Email: [email protected]

Ascent Investor Relations LLC
Tina Xiao
Tel: +1 917-609-0333
Email: [email protected] 

SOURCE Skillful Craftsman Education Technology Ltd.

https://www.prnewswire.com/news-releases/skillful-craftsman-enters-into-strategic-agreement-with-newlink-technology-inc-301513582.html

Previous post How Technology is Fighting Agriculture’s Unsettling Age Problem
Next post Cisco : Transforming Manufacturing with Digital Technology and Collaboration