TORONTO, May 23, 2024
/PRNewswire/ -- Visionary Holdings
Inc. (the "Company") (NASDAQ: GV), a private education
provider with technology of artificial intelligence and life
science on the cutting edge, with subsidiaries in Canada and market partners in China, today announced the Company is a
leading global provider of STEM-AI education solutions for young
people.
With the rapid development of the global economy and
technological revolution, innovation has become a crucial
cornerstone driving international competitiveness. Artificial
Intelligence (AI) is regarded as one of the key technologies
capable of leading the Fourth Industrial Revolution. AI has
extensive potential applications in various fields, including
autonomous driving, robotics, smart manufacturing, healthcare, and
energy. Through technological innovation in AI, more efficient and
intelligent production methods can be achieved, enhancing
productivity, creating more employment opportunities, and driving
economic development.
Promoting innovative education actively cultivates students'
innovative thinking, awareness, and capabilities, enabling them to
meet the educational demands of future development. Artificial
Intelligence (AI) centered on intelligent decision-making, deep
learning, and affective computing has become an accelerator for
driving educational innovation forward.
According to Frost & Sullivan, the global market for
intelligent robots and solutions surged from US$8.1 billion in 2017 to US$22.1 billion in 2021, with a staggering
compound annual growth rate (CAGR) of 28.7%. It is projected to
reach US$67.6 billion by 2026, with a
CAGR exceeding 25%. According to a report by ReportsandData, the
global scientific dissemination industry was valued at US$20.5 billion in 2019 and is anticipated to
reach US$433.9 billion by 2027.
STEM education (Science, Technology, Engineering, Mathematics)
is currently widely applied in primary and secondary education
worldwide. STEM education combines the content of these four
disciplines to form an organic whole, aiming to better cultivate
students' innovative spirit and practical abilities.
Visionary is a leading global provider of STEM-AI education
solutions for young people. With nearly 100 intellectual property
rights in core technology areas such as artificial intelligence,
software robots, computer vision, and motion control, and over 100
products sold in more than 30 countries, Visionary stands as a
pioneer in the field of AI software-composite robots. Its business
spans AI education, service robots, and industrial digitization.
Visionary plans to increase investment in this field, increase
market promotion, and strive to sell our products in over 100
countries, making outstanding contributions to the performance of
Visionary in the future.
About Visionary Holdings Inc.
Visionary Holdings Inc. headquartered in Toronto, Canada, a private education provider
with technology of artificial intelligence and life science on the
cutting edge, with subsidiaries in Canada and market partners in China. The Company aims to provide access to
secondary, college, undergraduate and graduate and vocational
education to students in Canada
through technological innovation so that more people can learn,
grow and succeed to their full potential. As a fully integrated
provider of educational programs and services in Canada, the Company has been serving and will
continue to serve both Canadian and international students. For
more information, visit the Company's website at
https://ir.visiongroupca.com/.
Forward-Looking Statements
All statements other than statements of historical fact in this
announcement are forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on the Company's current expectations and projections
about future events that the Company believes may affect its
financial condition, results of operations, business strategy and
financial needs. Investors can identify these forward-looking
statements by words or phrases such as "believes," "expects,"
"anticipates," "estimates," "intends," "would," "continue,"
"should," "may," or similar expressions. The Company undertakes no
obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's reports and in its other filings with the SEC.
For more information, please contact:
Visionary Holdings Inc.
Investor Relations Department
Email: ir@farvision.ca
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SOURCE Visionary Holdings Inc.
