Benzinga | Aug 26, 2020 08:14AM EDT

CLPS Incorporation Establishes Talent Training Program In Hong Kong In Cooperation With THEi

HONG KONG, Aug. 26, 2020 /PRNewswire/ -- CLPS Incorporation (NASDAQ:CLPS) ("CLPS" or "the Company"), today announced that its Hong Kong subsidiary has signed a memorandum of understanding ("MOU") with the Technological and Higher Education Institute of Hong Kong ("THEi") to boost THEi's degree program in information technology ("IT degree program").

Established in 2012, THEi is a member of the Vocational Training Council of Hong Kong which offers quality, innovative, and vocation-oriented degree programs. It aims to improve, promote, and develop its programs to contribute to the sustainable development goals of Hong Kong.

Through the MOU, CLPS and THEi have agreed to collaborate in conceptualizing and developing a comprehensive IT degree program. Instead of a conventional, theory-based teaching strategy, the IT degree program will include projects and applied research that place more emphasis on hands-on training. The MOU also will offer students internship opportunities and, eventually, guaranteed employment upon graduation. The IT degree program aims to help THEi's students develop work-ready technical skills in IT industry, attract more young adults for enrollment in the IT-related educational program, and ultimately nurture homegrown IT talent.

Mr. Matthew Tang, Chief Executive Officer of CLPS US & HK, said, "I believe the IT industry continues to be at the forefront in developing a smart city, which Hong Kong consistently pursues. In addition, the global digital transformation and application of modern technology, such as artificial intelligence (AI), blockchain, big data, and Internet of Things (IoT), reflect upon the advancements that have drastically altered today's business landscape. Hong Kong will eventually need to work harder to maintain a sustainable pool of new recruits and young talent in IT. Through our collaboration with THEi, we are well-positioned to develop IT talent in Hong Kong's young generations. In the long run, I aspire for CLPS to join the ranks as a cornerstone in educating and mentoring young talents in pursuit of a career in the IT industry."

Mr. Raymond Lin, Chief Executive Officer of CLPS, said, "At CLPS, our IT talent plays a pivotal role in our success. Our collaboration with THEi allows us to attract and discover young talent who hold potential. From a global IT services perspective, this will strengthen CLPS's position as a leading IT consulting and solution services provider in both Hong Kong and other parts of the Asia Pacific region. We are optimistic that this cooperation will translate into a strong revenue source and deliver premium returns for our shareholders."