DIGITAL TRANSFORMATION

Skillful Craftsman Announces a Strategic Alliance to Develop a Metaverse Platform for Smart Technical Skills Training

Skillful Craftsman | March 03, 2022

Skillful Craftsman Announces
Skillful Craftsman Education Technology Ltd. ("the Company") (NASDAQ: EDTK), a provider of interactive online learning services, today announced the signing of a strategic cooperation agreement (the "Agreement") with Jiangsu Hibao Tech Software Co., Ltd. ("Hibao"), a provider of smart factory technology, to develop the Meta-Factory, a smart technical skills training platform.

Both parties agree that they will develop Meta-Factory for the purpose of providing vocational colleges and manufacturing industry customers with multi-person collaborative and multi-scene simulation training bases that will enable them to effectively cater to the rapidly changing labor market for manufacturing factories. Hibao undertakes to offer basic manufacturing industry data, and the company agrees to be responsible for developing a virtual reality ("VR") smart operating platform and establishing vocational training centers.

The Meta-Factory combines virtual reality ("VR") and augmented reality ("AR") technology with advanced immersive user interaction design to assist students in simulating the operation of each step in a smart factory and enhance their learning experience through a high-quality virtual simulation environment. With the integration of various types of production data, three-dimensional spatial data, management data, personnel data, and other static data input via sensors and networks, Meta-Factory is expected to replicate virtual factory buildings, workshops, equipment, personnel, production environments, and dynamic manufacturing processes on a full scale with three-dimensional simulation display, full range adjustment, and scene switching. The Meta-cloud-based Factory's collaborative application module enables time, data, location, production process, and personnel synchronization, enabling real-time monitoring and administration of production processes, logistics, and space, equipment, and employees. Additionally, Meta-Factory will facilitate interaction and communication amongst students in various positions.

"We are very excited to cooperate with Hibao to develop our Meta-Factory by leveraging our 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 guidelines 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, helping them meet the rapid development trend of 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 training to students. "

-Mr. Xiaofeng Gao, Chairman and Co-CEO of Skillful Craftsman

This news contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations, forecasts, and predictions regarding future events.

Spotlight

The benefits of a merger and acquisitions can be great in various ways including cross-selling, synergy, cost savings ect. But often, the realization of the benefits can be subdued due to the absence of an effective implementation of the ERP Business systems for the merged entity.

Spotlight

The benefits of a merger and acquisitions can be great in various ways including cross-selling, synergy, cost savings ect. But often, the realization of the benefits can be subdued due to the absence of an effective implementation of the ERP Business systems for the merged entity.

Related News

3D PRINTING

Velo3D Approves New Superalloy for Use in its Sapphire® Printer Family

Velo3D | January 07, 2022

Velo3D, Inc., a leader in metal additive manufacturing technology for mission-critical parts, has qualified Amperprint® 0233 Haynes® 282®, a nickel-based superalloy powder, for use in its Sapphire® line of printers. The powder was manufactured under license from Haynes International, Inc. by Höganäs AB, a world leader in metal powder production. It is developed for high creep strength, thermal stability, weldability, and fabricability not found in other alloys. As a result, the material is well suited for high-temperature structural applications such as energy generation, gas turbines, and space launch vehicles. In addition, it is used to construct heat exchangers, combustors, nozzles, combustion liners, rocket engines, and shrouded impellers. Duncan Machine Products (DMP), a contract manufacturer situated in Duncan, Oklahoma, will run the first Sapphire® printer using Amperprint® 0233 and Haynes® 282® powder. The system will be DMP's eighth Velo3D Sapphire® printer. "Our goal at Velo3D is to enable engineers to build the parts they want without compromising on design or quality, Qualifying new powdered metals, like Amperprint® 0233 and Haynes® 282®, for use in our end-to-end solution further expands what’s possible with our additive manufacturing technology. Our partners at Höganäs provide materials of the highest quality, and I look forward to seeing what our customers build using this amazing alloy." -Benny Buller, Velo3D CEO and Founder. For high-temperature applications, powdered nickel-based superalloys, such as Amperprint 0233 and Haynes® 282®, are typically used to print parts because of the alloy's resilience to cracking and its ability to work at temperatures close to the melting point. This tolerance enables the alloy-printed components to be used in vacuums, plasmas, and other demanding environments. In addition, due to the powder's excellent weldability, it is useful for components in bigger systems due to its ability to be welded to other components. Höganäs is a leader in developing powders for additive manufacturing, producing products with a uniform spherical shape, precise chemical control, and better flowability. The powders are created from the purest sources and have exact trace element compositions that give the metals their distinctive qualities. "It’s inspiring to see what engineers have been able to build using metal powders from Höganäs and Velo3D’s support-free additive manufacturing process,The first parts printed using our Amperprint® 0233 Haynes® 282® powder are impressive, and I believe customers are only scratching the surface of what is possible with this superalloy. The powder, combined with Velo3D’s end-to-end solution metal AM solution, is an extremely effective combination for consolidating parts into monolithic structures to eliminate coefficient of thermal expansion in large, high-performance systems." -Jerome Stanley, Höganäs Director of Global Sales, Customization Technologies. Velo3D was one of the first companies to offer Amperprint® 0233 Haynes® 282® powder to its customers. Many of Velo3D's customers use the company's end-to-end solution to manufacture components for aviation, energy, oil and gas, space, and other high-performance applications, making the powder a natural fit for the company's portfolio. Along with Amperprint® 0233, Haynes® 282® powder, Velo3D's technology is compatible with the following metal powders: Hastelloy X®, Inconel 718, aluminum F357, Ti 6Al-4V Grade 5, and several more. *This press release contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1996. These forward-looking statements include, but are not limited to, statements about the company's future expectations, hopes, beliefs, intentions, or strategies. They contain significant risks and uncertainties that could cause actual results to differ materially from those anticipated. Accordingly, you should carefully evaluate the risks and uncertainties outlined in the company's periodic SEC filings.

Read More

Hawk Ridge Systems with AMT Post Processing Partnership expands Additive Manufacturing Offerings

prnewswire | January 14, 2021

Bird of prey Ridge Systems, a main worldwide supplier of 3D plan, assembling and 3D printing arrangements, has added AMT present handling innovations on their added substance fabricating portfolio. This extension will empower makers to create end-utilize 3D printed leaves behind great execution properties. The organization adds two sorts of items to the Hawk Ridge Systems added substance line: synthetic fume smoothing and depowdering machines. The AMT PostPro compound fume smoothing measure smooths an assortment of thermoplastic polymers and the depowdering innovation permits high volume cleaning of 3D printed parts. The innovation addresses the arduous and expensive manual post-preparing viewpoints that recently caused bottlenecks for the added substance producing industry. Not exclusively does PostPro innovation give an improved visual tasteful and surface completion, yet in addition accomplishes exhaustion opposition and seals the outside of the part. "Hawk Ridge Systems is excited about our partnership with AMT and the ability to service our customers and future opportunities across the US and Canada," says Paul Rudin, VP of Digital Manufacturing at Hawk Ridge Systems. "This PostPro technology will provide our customers a post processing solution – an extremely important part of the overall 3D printing workflow." "AMT is honored to work with Hawk Ridge Systems serving their incredible customer base," Luis Folgar, Chief Technology Officer at AMT commented. "Hawk Ridge Systems is complementary to AMT and will accelerate our growth in North America." By joining the Hawk Ridge Systems portfolio, the added substance fabricating product offering offers start to finish arrangements of the top 3D printing advances, including Markforged and HP 3D printers. Alongside these arrangements, clients can likewise use the great scope of assets and specialized and designing skill that Hawk Ridge Systems is known for. About Hawk Ridge Systems Hawk Ridge Systems is a leading provider of 3D design, manufacturing and 3D printing solutions to help customers exceed their business objectives. Solutions include the full portfolio of Dassault Systèmes offerings and they are the largest provider of additive manufacturing solutions including 3D printers from HP and Markforged. Based in Silicon Valley, Hawk Ridge Systems has 22 offices, providing coast-to-coast coverage in North America. Training is available through the Hawk Ridge Systems store.

Read More

SOCMA and Greenland Technologies Agreed Supporting U.S. Production of Electric Industrial Vehicles

Greenland | February 18, 2021

Greenland Technologies Holding Corporation is a technology developer and is also a well-known manufacturer of electric industrial vehicles. It also has drive train systems for material handling types of machinery and vehicles. Fujian South China Heavy Machinery Manufacture Co. Ltd. ("SOCMA") is a leading company specialized in manufacturing, designing, and distributing heavy industrial machinery and vehicles. They together announced a co-operation agreement to employ SOCMA's existing supply-chain and technologies. This is to support Greenland's production of electric industrial vehicles in the United States. The agreement presents a commitment to invest in the U.S. by Greenland as a key center of innovation in the global electric vehicle market. In the agreement, both parties aim to institute a strategic partnership to abundantly cooperate on technology sharing and supply chain management for the production of electric industrial vehicles in the U.S. SOCMA has agreed to provide and supply the materials, parts and components, and related supply chain to GTEC. This will be done for the development and manufacture of electric industrial vehicles in the U.S. SOCMA agrees GTEC shall use the relevant SOCMA technologies and patents involved in GTEC's procurement of engineering vehicle parts and materials from SOCMA free of charge. GTEC will get profit from its global business development and technology development capabilities so that it can accelerate the launch of its electric industrial vehicles globally with SOCMA’s support. In this agreement, Raymond Wang, CEO of Greenland mentions that this is the moment of excitement to partner with SOCMA. This has created a significant hope to pursue a positive development, which will ensure the utilization of SOCMA's existing supply-chain for GTEC's U.S. production of its electric industrial vehicles. This cooperation agreement was considered to leverage both companies' expertise, best practices, and vast proprietary knowledge for mutual benefit and enhancement of respective competitive positions. Further, he mentions that this cooperation will accelerate electric industrial vehicle production in the United States for GTEC. The announcement is a very important step. With the initial production of electric, GTEC's first industrial vehicle, integrating of own components are targeted between 3Q 2021 and 4Q 2021. This agreement will significantly expand GTEC's long-term growth prospects and ability to build shareholder value.

Read More