CLPS Incorporation Signs a Memorandum of Understanding to Further Develop Financial IT Talent in Singapore

SHANGHAI, Dec. 10, 2018 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), a leading information technology ("IT") consulting and solutions service provider focusing on the banking, insurance and financial sectors in China and globally, today announced that it has signed a memorandum of understanding ("MOU") with Ngee Ann Polytechnic ("NP") and Infogain Solutions Pte. Ltd. ("ISPL") to support NP's Financial Information Technology Education Program, which is offered by NP's School of InfoComm Technology ("NP-ICT").

"Through this MOU, we will deliver to Ngee Ann Polytechnic School of InfoComm Technology students, staff, alumni, and members of the public our CLPS Financial Information Technology Certification Course," commented Mr. Raymond Lin, Co-Founder and Chief Executive Officer of CLPS. "Upon completion of the course, students will earn a quality certification for training and assessment programs in the financial information technology industry. In return, we will be able to provide our clients with fintech consultants who not only hold diplomas from a leading polytechnic institution, but also possess effective job-ready training and skills."

NP is one of Singapore's leading institutions of higher learning funded by the Singapore Government. The polytechnic offers both business-related and technology-based diploma and advanced diploma programs.

"By aligning with a leading higher learning institution such as NP, we glocalize our successful virtual technology learning platforms and boost our brand. We also gain access to the PolyFintech100 alliance of top-tier polytechnic schools, which will support our expansion into the broader South East Asia region," Mr. Lin added.

Throughout the three-year term of the MOU, CLPS and its Singapore subsidiary, ISPL, will provide at least one internship per academic year to NP-ICT students enrolled in the course, including possible internships with CLPS and ISPL vendors and customers. In addition, CLPS and ISPL staff and partners will be guest speakers at NP-ICT and be available as industry mentors. The three parties will also explore the design and development of post-diploma certificate programs customized for CLPS and ISPL clients.

"At CLPS, we believe that talent is the key to success in our field. Our work with NP further demonstrates our commitment to developing the best talent in the industry, which ultimately translates into higher revenue and positive value for our shareholders. We look forward to the work to be completed under this MOU and are proud to add it to our portfolio of industry-leading talent development programs alongside CLPS Academy, our Talent Creation Program, and our Talent Development Program," concluded Mr. Lin.

About CLPS Incorporation

Headquartered in Shanghai, China, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology ("IT"), consulting and solutions service provider focusing on the banking, insurance and financial sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial industry, including large financial institutions in the US, Europe, Australia and Hong Kong and their PRC-based IT centers. The Company maintains eleven delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Chengdu, Guangzhou and Shenzhen. The remaining four global centers are located in Hong Kong, Taiwan, Singapore and Australia. For further information regarding the Company, please visit: http://ir.clpsglobal.com/.

Forward-Looking Statements

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this press release include, without limitation, the Company's ability to translate the MOU in question into future revenue. All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in the Company's most recently filed annual report on Form 20-F and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact:    

CLPS Incorporation
Tian van Acken
Chief Financial Officer
Phone: +86-158-0198-4357
Email: [email protected]

ICR Inc.
Rose Zu
Phone: +1-646-405-4868
Email: [email protected]

SOURCE CLPS