NEW YORK, Oct. 7, 2024 /PRNewswire/ -- Ridgewood Infrastructure, a leading infrastructure investment firm focused on essential infrastructure in the U.S. lower middle market, today announced th...

NEW YORK, Oct. 7, 2024 /PRNewswire/ -- Ridgewood Infrastructure, a leading infrastructure investment firm focused on essential infrastructure in the U.S. lower middle market, today announced the successful sale of its 75% interest in the Vista Ridge water pipeline. Vista Ridge delivers approximately 20% of San Antonio's fresh water under a long-term concession agreement with the San Antonio Water System (SAWS).

The Vista Ridge pipeline is a critical component of San Antonio's infrastructure, providing fresh drinking water supporting the city's long-term, sustainable growth. The pipeline was constructed as part of the largest water public-private partnership in U.S. history, and its sale marks the culmination of Ridgewood Infrastructure's strategic investment.

Michael Albrecht, Managing Partner of Ridgewood Infrastructure, expressed his appreciation for the partnership with SAWS and the broader community efforts that made the project a success.

"We are proud of the vital role Ridgewood Infrastructure played in the Vista Ridge pipeline. Our fruitful partnership with San Antonio Water System was instrumental in bringing this transformative project to life, ensuring the city has the resources it needs," said Albrecht. "We also want to acknowledge the efforts of city officials and the many San Antonio stakeholders whose support and collaboration were instrumental to completing this ambitious project for the betterment of all residents. Together, we have created lasting infrastructure that will support the city for generations to come."

The Vista Ridge project underscores Ridgewood Infrastructure's commitment to addressing critical infrastructure challenges across the U.S. and delivering impactful solutions that drive long-term value for communities and stakeholders.

TD Securities (USA) LLC acted as exclusive financial advisor and White & Case, LLP as legal advisor to Ridgewood Infrastructure.

About Ridgewood Infrastructure
Ridgewood Infrastructure is a leading infrastructure investor in the U.S. lower middle market with sectors of focus including Water, Energy Transition, Transportation, and Utilities. For more information, please visit www.ridgewoodinfrastructure.com.

Ridgewood Infrastructure
527 Madison Avenue, 18^th Floor
New York, NY 10022
Phone: (212) 867-0050
Email: Inquiries@RidgewoodInfrastructure.com

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Cision | Mon, Oct 07 2024 09:45 PM AEDT

CUPERTINO, Calif., Oct. 7, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI-driven educational technology company, tod...

Cision | Mon, Oct 07 2024 09:00 PM AEDT

CUPERTINO, Calif., Oct. 7, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI-driven educational technology company, today announced that it has entered into a $1.3 million non-exclusive, annually renewable licensing agreement with Inspiring Futures Pte. LTD. This agreement grants licensing authorization for the production of the HybriU AI UniBox and the sale of HybriU, a comprehensive AI-driven, plug-and-play educational solution, in international markets. The agreement aligns with Ambow's mission to advance the future of education and empower educators and students globally.

"This partnership extends HybriU's presence in the rapidly growing global digital education sector," said Dr. Jin Huang, Ambow's President, Chief Executive Officer, and acting Chief Financial Officer. "As more international partners join in the sale of HybriU, we can focus on expanding our presence in key U.S. markets, where we believe HybriU is currently the only available 5-in-1 total solution. It seamlessly integrates AI—empowering five key domains: teaching, learning, connectivity, recording, and management—along with lecture capture, immersive technology, and a comprehensive management platform designed specifically for the education sector. HybriU delivers a unified learning experience that transcends the boundaries of both online and offline education, bridges language and regional divides, and connects academia with industry."

HybriU's cutting-edge 3D solution includes 3D signal capture, recording, transformation, and remote display capabilities. It supports broadcasting life-sized 3D projections of professors in remote classrooms via a 3D LED wall, enabling a highly immersive learning experience. Learners can engage in their native language while interacting with the 3D content, making the platform accessible and effective across diverse linguistic and regional boundaries.

Based in Singapore, Inspiring Futures brings extensive experience in the education sector, with a strong focus on educational intelligence and network connectivity within Asian markets. The company is now looking to expand internationally, targeting regions with a growing demand for high-quality education and advanced technology integration. Through strategic partnerships and relationships with key stakeholders, Inspiring Futures aims to deliver innovative solutions while positioning itself as a trusted partner in the global education landscape.

About Ambow

Ambow Education Holding Ltd. is a U.S.-based, AI-driven educational technology company dedicated to empowering educational institutions, educators, and students through cutting-edge AI and connectivity solutions tailored specifically to the education sector. With our innovative HybriU technology and the operation of the prestigious New School of Architecture & Design in San Diego, California, Ambow is committed to delivering unmatched, personalized, and impactful career education services, alongside advanced AI-driven digital education technologies and solutions. For more information, visit Ambow's corporate website at https://www.ambow.com.

Follow us on X: @Ambow_Education

Follow us on LinkedIn: Ambow-education-group

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about Ambow and the industry. All information provided in this press release is as of the date hereof, and Ambow undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Ambow believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For more information, please contact:
Ambow Education Holding Ltd.
E-mail: ir@ambow.com
or
Piacente Financial Communications
Tel: +1 212 481 2050
E-mail: ambow@tpg-ir.com

Invezz | Thu, Oct 03 2024 01:13 AM AEST