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Education Tech

Company website ↗
Foundation year: 2006
Market capitalization
$117.3mil
Employees
70
IPO date
07/09/2024

About

Education Tech is a leading provider of augmented reality (AR) and virtual reality (VR) educational technology solutions, incorporated in Delaware. The company is recognized as a prominent brand in the education market, with a current focus on both United States K-12 schools and Career & Technical Education (CTE) markets. Its proprietary hardware and software platform offers the unique ability to deliver an interactive, stereoscopic three-dimensional (3D) learning experience to users without requiring VR goggles or specialty glasses. The hands-on “learning by doing” solutions provided by Education Tech have been demonstrated to enhance the learning process and improve student test scores, as evidenced by a study published in the Journal of Computer Assisted Learning in 2021 on the utility of 3D virtual reality technologies for student knowledge gains. The platform enables students and teachers to experience classroom learning that might otherwise be dangerous, impossible, counterproductive, or expensive using traditional techniques. Education Tech's platform supports a broad range of critical educational tools designed for K-12 science, technology, engineering, and math (STEM) lessons, as well as training in skilled trades such as health sciences, automotive engineering/repair, Unity3D® software programming, and advanced manufacturing.

Headquarters

55 Nicholson Lane San Jose, California 95134

Financial information

Underwriters

Roth Capital Partners, Craig-Hallum Capital Group

Prospectus ↗