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ROBO ROBO Global Robotics and Automation Index

55.09
-0.48 (-0.86%)
After Hours
Last Updated: 21:20:00
Delayed by 15 minutes
Name Symbol Market Type
ROBO Global Robotics and Automation Index AMEX:ROBO AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.48 -0.86% 55.09 55.30 54.87 55.15 92,359 21:20:00

RoboGroup Penetrates the Chinese Market With its TrainNet Interactive Distance Learning System

30/08/2004 8:06am

PR Newswire (US)


ROBO Global Robotics and... (AMEX:ROBO)
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RoboGroup Penetrates the Chinese Market With its TrainNet Interactive Distance Learning System Will Supply the TrainNet System to China's Central Agriculture Broadcast and Television School ROSH HA'AYIN, Israel, Aug. 30 /PRNewswire-FirstCall/ -- RoboGroup T.E.K. Ltd. (NASDAQ:ROBO), today announced that it has signed a contract to supply its TrainNet distance learning platform to China's Central Agriculture Broadcast and Television School (CABTS). CABTS will utilize TrainNet to provide interactive distance-learning to its municipal schools throughout China. CABTS is one of the largest agriculture distance education schools in the world, with thousands of provincial, municipal, county and township schools and classes throughout China. In the first phase CABTS will deploy TrainNet for use by 300 of its municipal schools. Gidi Nimoy, Robogroup's VP Sales and Marketing e-learning said," We consider the Chinese market to be of huge potential for TrainNet. We hope that a successful deployment of TrainNet by CABTS will provide Robogroup with an opportunity to expand within CABTS as well as to additional customers in China." Mr. Zeng Yi Chun, President of CABTS said: "Using an Interactive Distance Learning tool like TrainNet will improve the level of our distance education technology in China. TrainNet will enable us to utilize our experience using interactive distance learning and to facilitate the dissemination of important information to the farmer population in rural China. It will play a significant role in promoting farmer education and training in rural China." TrainNet is an Interactive Distance Learning system that enables delivery of multiple, live synchronous e-learning lessons to an unlimited number of geographically dispersed PC or TV-based classrooms via satellite, Internet or other communications channels. TrainNet uses a friendly student/instructor interaction that includes high quality bi-directional video, voice and educational tools like slide projection, whiteboard, chat and application projection. TrainNet lessons can be recorded for future re-broadcast, offline distribution, or on-demand access as part of a virtual campus. TrainNet is an ideal tool for corporations, governmental organizations and universities that wish to deliver cost effective and fast training to geographically dispersed participants without compromising quality or high level interactivity. About RoboGroup RoboGroup engages in three business sectors. The first sector is devoted to RoboGroup's training products and e-learning systems. RoboGroup is a world leader in engineering and manufacturing technology training systems. The Company is market driven, deriving its growth from technological leadership, strong partnerships and management expertise. The second is Yaskawa Eshed Technology (YET), a joint venture with Japan's Yaskawa Electric Corp., which provides industrial motion controls, particularly those based on its patented algorithms. The third is MemCall, a company with a limited operation, which develops new technology designed to shorten the length of time required to locate and retrieve information in computer and communications networks. For more information, visit http://www.robo-group.com/ . To the extent that this press release discusses expectations about market conditions or about market acceptance and future sales of the Company's products, or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause results to differ materially from the statements made. These factors include the rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate, risks associated with the acceptance of new products by individual customers and by the market place and other factors discussed in the business description and management discussion and analysis sections of the Company's Annual Report on Form 20-F. Company Contact: Talia Myron RoboGroup +972-3-900-4170 Agency Contact: Ayelet Shiloni Integrated IR +1-866-447-8633 DATASOURCE: RoboGroup T.E.K. Ltd. CONTACT: Talia Myron of RoboGroup, +972-3-900-4170, ; or Agency Contact - Ayelet Shiloni of Integrated IR, +1-866-447-8633, , for RoboGroup T.E.K. Ltd. Web site: http://www.robo-group.com/

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