OTTAWA, Sept. 13, 2017 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA) (the
“Corporation” or “betterU”), is pleased to announce that after ten months of discussions it has executed on a Memorandum of
Understanding (MoU) with the Telecom Sector Skill Council (TSSC) to jointly support both organizations' efforts towards the
skilling of millions of professionals across India’s Telecom sector.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ee440fe4-4962-43b2-ae54-c0b695bd7a87
In Nov 2016, betterU held its first ‘Skills Leadership Summit’ in Delhi that included many industry, academia
and government leaders. A passionate panelist, the CEO of TSSC, Lt. Gen SP Kochhar (Retd) was outspoken about the importance of
skills development and the required collaboration of Industry and educators. Over the following year, betterU continued to grow its
relationship with TSSC and many other Sector Skill Councils. The company began its efforts this year towards the development of an
individualized skill-based program that would provide sector skill councils such as TSSC with the ability to support mass training
across the many skilling needs of the country.
betterU and TSSC will advance their combined efforts to support multiple skilling initiatives including the:
- development of TSSC / betterU country wide learning centers;
- development and acquisition of localized Hindi / English educational programs;
- development of rural area mobility learning, and
- further advancement of a customized skilling platform providing access to a breadth and depth of international
education.
Supported by TSSC, betterU will map the industry’s national occupational standards, occupational roles and
national job requirements into the skilling platform interlinking corporate requirements with international educators, assessments,
learning modules and global employment outcomes. As part of betterU’s commitment, they will assign dedicated resources to operate
within the TSSC offices ensuring such programs are advancing. “We are excited to have partnered with betterU in our efforts to
skill upwards of 8.78 million people to meet the growing needs of the telecom sector by 2022. betterU’s vision is very much aligned
with our own and to bring together a collaborative effort from global educators is something we see as a great benefit for
India,” said Lt. Gen SP Kochhar (Retd), Chief Executive Officer Telecom Sector Skill Council.
The TSSC / betterU partnership will tap into thousands of skill development courses already available on
betterU’s global education marketplace and when combined with TSSC’s government, industry and academia relationships will provide
the ultimate benefit to the country. betterU’s model is unique in that it integrates top quality educators from around the
world along with their educational programs, assessments and employment opportunities into one collaborative
‘education-to-employment’ ecosystem. Combined with TSSC’s already developed technology, assessments and employment partnerships
makes this relationship even stronger. “The collective collaboration of educators and employers is something we both believe is
key to the mass educating of the country. We are very excited to be working with one of India’s leading flagship sector
leaders,” said Bradley Loiselle, President and CEO betterU.
About Telecom Sector Skill Council (TSSC)
Telecom Sector Skill Council (TSSC) is a Not for Profit PPP between NSDC & Telecom Industry. TSSC is committed to develop world
class skilled manpower for the Telecom Industry – Nationally & Internationally.
- Mandated to skill up 5 million people by 2022.
- Skill and certify 45 Lacs personnel in 150 trades, train 24,000 trainers, accredit 500 training organizations and to cover
the whole country progressively over a period of 10 years.
- Develop necessary framework for standards, curriculum & quality assurance at all levels in vocational/technical programs to
meet the need of the Industry.
- Participate in regional & International vocational telecom sector development initiatives.
About betterU
betterU, a global education marketplace, aims to provide access to quality education from around the world to
foster growth and opportunity to those who want to better their lives. The company plans to bridge the prevailing gap in the
education and job industry and enhance the lives of its prospective learners by developing an integrated ‘education-to employment’
ecosystem. betterU’s offerings can be categorized into four broad functions: to compliment school programs with flexible KG-12
programs preparing children for next stage of education, to foster an exceptional educational environment by providing befitting
skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training
them and lastly, to connect the end user to various job opportunities.
www.betterU.ca and www.betterU.in
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements and information, which may involve risks and
uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors
that might cause a difference include, but are not limited to, competitive developments, risks associated with betterU’s growth,
the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements
of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ
materially from those anticipated in such statements. These and all subsequent written and oral statements containing
forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly
qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, betterU disclaims any
intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or
otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date
of this release. Further information on betterU’s public filings, including their most recent audited consolidated financial
statements, are available at www.sedar.com.
For further information, please visit http://www.betteru.ca/investor-overview/.
The photo is also available via AP PhotoExpress.
Investor contact:
Gurinder Sandhu, Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca