Baijiayun was awarded the "2024 Technological Innovative Educational Product", leading the cutting-edge trend of the education AI industry

Rhea-AI Summary

Baijiayun Group (NASDAQ: RTC), a one-stop AI video solution provider, has been awarded the '2024 Technological Innovative Educational Product' at the 9th Annual Ceremony of Education Leader in Shanghai. The company was selected among more than 500 enterprises as one of 26 award-winning companies after multiple rounds of evaluation by education experts. The ceremony, co-hosted by Jiaoyujiwang and Xiaozhangbang, attracted over 3,000 attendees.

Positive

• Received recognition as one of 26 companies selected from 500+ applicants for technological innovation in education
• Demonstrated competitive advantage in the educational technology sector

Negative

• None.

News Market Reaction

+0.51%

1 alert

+0.51% News Effect

On the day this news was published, RTC gained 0.51%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BEIJING, Nov. 7, 2024 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ: RTC), a one-stop AI video solution provider, today announced it was awarded the "2024 Technological Innovative Educational Product".

The 9th Annual Ceremony of Education Leader was held in Shanghai. This ceremony was co-hosted by Jiaoyujiewang and Xiaozhangbang with over 3,000 guests and audience. This event offers an unique opportunity to explore the leading "educational brands" and "educational products" with latest trends and innovations in China.

At this grand event, Baijiayun was awarded the "2024 Technological Innovative Educational Product". A total of more than 500 enterprises submitted applications for the awards competition. After multiple rounds of strict and comprehensive evaluation by authoritative and senior education experts, Baijiayun was selected as one of the 26 award-winning enterprises.

As a leading one-stop AI video solution provider in the industry Baijiayun has always been focusing on product innovation and exploring the integration of technologies and market ecosystem. With its excellent technological strengths, delivery capabilities, and outstanding industry contributions, Baijiayun will continuously leverage its advantages in knowledge services and technical solutions and bring more diverse and innovative products to the education market.

About Baijiayun Group Ltd 

Baijiayun is a one-stop AI video solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries. For more information, please visit ir.baijiayun.com.

Safe Harbor Statement

This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," and "plan" and similar expressions indicate forward-looking statements.

Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company's estimates as of the date of this press release, and subsequent events and developments may cause the Company's estimates to change.

The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.

A further list and description of risks and uncertainties can be found in the documents the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

For investor and media enquiries, please contact:

Company Contact:
Ms. Fangfei Liu 
Chief Financial Officer, Baijiayun Group Ltd
Phone: +86 25 8222 1596
Email: ir@baijiayun.com

View original content:https://www.prnewswire.com/news-releases/baijiayun-was-awarded-the-2024-technological-innovative-educational-product-leading-the-cutting-edge-trend-of-the-education-ai-industry-302298471.html

SOURCE Baijiayun Group Ltd

FAQ

What award did Baijiayun (RTC) receive at the 9th Annual Ceremony of Education Leader?

Baijiayun (RTC) received the '2024 Technological Innovative Educational Product' award at the ceremony in Shanghai.

How many companies competed for the award won by Baijiayun (RTC) in 2024?

Over 500 enterprises submitted applications for the awards competition, with Baijiayun being one of 26 companies selected to receive an award.

Where was the 2024 Education Leader ceremony held for Baijiayun (RTC)?

The 9th Annual Ceremony of Education Leader was held in Shanghai, with over 3,000 guests and audience members in attendance.