China Liberal Education Holdings Ltd. (CLEU), a company providing educational services and products, has seen a gain of 0.53% in the premarket trading session. As a result, CLEU stock was trading at $1.91 when last checked. The gain is attributable to the announcement of the company that its teaching machine was granted a utility model patent. On Wednesday, CLEU stock closed the day at $1.9.
CLEU granted patents
CLEU announced, in the late hours of Wednesday, that its self-developed all-in-one teaching machine, namely AI space, was granted the utility model patent and an appearance design patent by CNIPA. The name of the utility model, according to the company, is a multimedia integrated device. The utility model patent certificate was obtained on 24th September 2021. The appearance design patent certificate was obtained on April 23rd, 2021. As per the patent law of China, AI-space was granted the utility model patent due to its novelty, creativity, and practicality. It was granted an appearance design patent due to its pleasing and aesthetic design. AI-space offers smart classrooms and interactive teaching as its core functionality and easily replaces a real-life teaching environment with a virtual environment. The adoption of cloud platform management and related advanced technologies has caused the company to achieve interoperability. Ms. Ngai Ngai Lam, Chairwoman, and CEO of China Liberal commented on the development that the two national patents showcase the strong research and development capability of the Company and recognition of its all-in-one teaching machine AI-Space.
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Accolade for AI-space
On 16th September, CLEU announced that its self-developed all-in-one machine AI-space was used in the opening ceremony for the year 2021 by freshmen of Preparatory Course for Study Abroad Department of Beijing Foreign Studies University on September 12, 2021. The opening ceremony was broadcasted live which allowed more than 700 freshmen to watch the ceremony online from the west campus at BFSU and 30 sub-venues. AI-space is a self-developed machine that could intelligently switch the main venue and sub-venue picture with high-quality audio to create an immersive experience for the audience in sub-venues. The online merger offline (OMO) teaching system built through AI-space was to be fully adopted in the new semester. With its unique functions, AI-space is a stable and high definition cloud video platform and is easy to deploy.
What’s ahead for CLEU?
The recent past performances of CLEU have not been up to the mark. The stock has declined by 35% during the last one week and 52% during the last half-year. But analysts estimate that the EPS of CLEU could grow by 135% during the current fiscal. So, based on that, potential investors should keep a close eye on CLEU stock.