WUXI, China, March 2, 2022 /PRNewswire/ -- Skillful Craftsman
Education Technology Ltd. ("the Company") (NASDAQ: EDTK), an
education technology company providing interactive online learning
services, announced that the Company entered into a strategic
cooperation agreement (the "Agreement") with Jiangsu Hibao Tech
Software Co., Ltd. ("Hibao"), a smart factory technology provider,
to develop its Meta-Factory, a smart technical skills training
Metaverse platform.
Pursuant to the Agreement, both parties agree to develop
Meta-Factory for providing vocational colleges and manufacturing
industry customers with multi-person collaborative and multi-scene
simulation training bases, which are designed to help them
effectively cater to the fast-evolving labor market of
manufacturing factories. Hibao agrees to provide basic data of
manufacturing industry, and the Company agrees to be responsible
for building the virtual reality ("VR") smart operation platform
and constructing vocational training bases.
Applied VR and augmented reality ("AR") technology with advanced
immersive user interaction designing, Meta-Factory is designed to
help students simulate the operation of each step in a smart
factory and enhance their learning experience in a high-quality
virtual simulation environment. Integrated various types of
production data, three-dimensional spatial data, management data,
personnel data, and other static data input by sensors and
networks, Meta-Factory is expected to duplicate virtual factory
buildings, workshops, equipment, personnel, production environment,
and dynamic production process of a factory on a full scale with
three-dimensional simulation display and full range adjustment and
scene switching. Based on the cloud-based collaborative application
module, Meta-Factory can achieve synchronization of time, data,
location, production process, and personnel, leading to real-time
production process monitoring and monitoring and management of
production, logistics, and space, equipment, and personnel.
Meta-Factory will also support the interaction and communication
between students in different positions.
Mr. Xiaofeng Gao, Chairman and
Co-CEO of Skillful Craftsman, commented, "We are very excited to
cooperate with Hibao to develop our Meta-Factory by leveraging
respective advantages and have a high expectation for what
Meta-Factory can bring to the vocational education industry.
Building a Metaverse platform is significant for vocational
students to have an immersive skills training experience that meets
the trend of the industry. Following the guideline of the Chinese
government and its plan to promote vocational education, we are
committed to serving students and vocational colleges with our
technologies and upgraded skill training platform and helping them
meet the rapid development trend of the modern smart factories. The
development of Meta-Factory is a significant milestone for the
Company to pave the way to achieve a long-term goal of providing
high-quality trainings to students."
About Jiangsu Hibao Tech Software Co., Ltd.
Founded in 2009, Jiangsu Hibao Tech Software Co., Ltd. is a
high-tech enterprise specializing in providing "Cloud + Terminal +
Application" smart factory solutions for manufacturing enterprises
and software and hardware development based on "Integration of
Informatization and Industrialization" and "industry 4.0". It has
provided smart factory construction and transformation services for
more than 500 domestic and abroad customers over years. It has rich
experience in the digitization, transparency and intelligence of
the whole process of manufacturing enterprises.
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/.
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For investor and media enquiries, please contact:
Skillful Craftsman
Investor Relations Department
Email: iredtk@kingwayedu.cn
Ascent Investor Relations LLC
Tina Xiao
Tel: +1 917-609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE Skillful Craftsman Education Technology Ltd.