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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Lenovo Group Limited    0992   HK0992009065

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Lenovo : NAF, and MIT App Inventor Recognized at the CSforALL Summit 2017

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10/18/2017 | 04:26pm CEST
October 18, 2017 (New York, NY)
- Lenovo, (HKSE: 992) (ADR: LNVGY) NAF, and MIT App Inventor were recognized at the CSforALL Summit in St. Louis, MO this week. The 2017 CSforALL Summit is a convening of computer science educators, researchers, activists, and supporters that celebrate the progress and announce new commitments to reach the goal of access to inclusive, rigorous, and sustainable computer science education for all US students both in and out of school.

To demonstrate a joint commitment to STEM education, Lenovo and NAF announced an expansion of the Lenovo Scholar Network (LSN), now in its fourth year, including a $1 million grant from Lenovo this past May. The grant will provide select NAF academies with Lenovo technology over the next three years, extending STEM education and opportunities to more than 5,000 participating students nationwide. Additionally, the grant created the opportunity to open the Lenovo Scholar Network program to all NAF academy themes, including: finance, information technology, health sciences, hospitality and tourism, and engineering. Through this, NAF and Lenovo hope to reach more than 10,000 additional students over the next three years.

Josh Sheldon, Director of Programs for MIT App Inventor, Colleen Devery, Assistant Vice President, Strategic Initiatives and Administration for NAF, and Suzie Koonce, Community and Government Partnership Manager for Lenovo onstage at the CSforALL Summit on October 17.

'Lenovo is proud of the partnership with NAF and the contributions we're making to support young people and promote STEM education across the country,' said Rob Cato, Lenovo's Executive Director for k-12 and higher education in the United States. 'These are investments that will benefit the students, educators and technology companies like Lenovo.'

In conjunction with the Massachusetts Institute of Technology (MIT) App Inventor, a project within the MIT Computer Science and Artificial Intelligence Lab (CSAIL), Lenovo Scholar Network students also have the opportunity to use MIT App Inventor to develop Android mobile apps using Lenovo devices as part of an annual national app challenge.

'The App Inventor team is thrilled to continue our relationship with NAF and Lenovo. We are happy to provide opportunities for NAF's diverse community of students and teachers to use the power of mobile computing to make a difference in the world around them,' said Josh Sheldon, Director of Programs for MIT App Inventor.

New partnership benefits enable students to earn NAFTrack Certification credit, part of Lenovo's commitment as a NAFTrack Certified Hiring Partner, and expanding engagement opportunities with Lenovo, including Lenovo in the Classroom volunteer events.

NAF President, JD Hoye, said, 'We are honored to be recognized with Lenovo and MIT App Inventor for our shared commitment in providing computer science education for ALL students. These critical skills are necessary for all industries and by working to make them accessible for high school students, we can guarantee that our future leaders will be on the road to success. We thank Lenovo and MIT App Inventor for their partnership in this tremendous effort and thank the CSforALLConsortium for this phenomenal opportunity to be spotlighted, alongside organizations who are key allies in this important work.'

The CSforALL Summit is organized by the CSforALLConsortium, a collaborative community of more than 400 partner organizations, and the national hub for the Computer Science for All movement. This year's summit announced commitments from more than 100 organizations.

Josh Sheldon, Colleen Devery, and Suzie Koonce pose for a photo opp at the CSforALL Summit.

To learn more about the Lenovo Scholar Network and follow along with students' app creation journey, visit http://lenovoscholars.com/ or check out #LenovoScholars on social media.

About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a US $43 billion global Fortune 500 company and a leader in providing innovative consumer, commercial, and enterprise technology. Our portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode YOGA brands), workstations, servers, storage, smart TVs and a family of mobile products like smartphones (including the Motorola brand), tablets and apps. Join us on LinkedIn, follow us on Facebook or Twitter (@Lenovo) or visit us at www.lenovo.com.

About NAF
NAF is a national network of education, business, and community leaders who work together to ensure that high school students are college, career, and future ready.
NAF works with high need communities to transform the high school experience through an educational design that includes industry-specific curricula, work-based learning experiences, and relationships with business professionals, culminating in a paid internship. NAF academies fit within and enhance school systems, allowing NAF to become an integral part of a plan for higher achievement at a low cost. NAF academies focus on one of five career themes: finance, hospitality & tourism, information technology, engineering, and health sciences. During the 2016-17 school year, more than 96,000 students attended 675 NAF academies across 36 states, including D.C. and the U.S. Virgin Islands. In 2016, NAF academies reported 96% of seniors graduated with 92% of graduates with post-secondary intentions. For more information, please visit: https://naf.org.

About MIT App Inventor
MIT App Inventor is a Web-based smartphone development platform for beginning learners, from upper primary school through adulthood. The graphical drag-and-drop blocks interface demystifies coding and makes the design and development process easy enough that novice users can create and publish simple apps in under an hour. With App Inventor, even beginners can engage with mobile computing as creators, not just as consumers. A team of MIT staff and students, led by Professor Hal Abelson, forms the nucleus of this international movement of app inventors. In addition to leading educational outreach around MIT App Inventor and conducting research on its impacts, this core team maintains the free online development environment that serves more than 6 million registered users. These users come from more than 195 countries and who have created more than 24 million apps: half a million unique active users build apps each month. https://appinventor.mit.edu.

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Lenovo Group Limited published this content on 18 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 October 2017 14:25:11 UTC.

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Financials ($)
Sales 2018 43 807 M
EBIT 2018 572 M
Net income 2018 327 M
Debt 2018 659 M
Yield 2018 3,53%
P/E ratio 2018 18,51
P/E ratio 2019 11,74
EV / Sales 2018 0,16x
EV / Sales 2019 0,16x
Capitalization 6 417 M
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Average target price 0,55 $
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NameTitle
Yuan Qing Yang Chairman & Chief Executive Officer
Gianfranco Lanci President & Chief Operating Officer
Wai Ming Wong Chief Financial Officer & Executive Vice President
Arthur Hu Chief Information Officer
Yong Rui Chief Technology Officer & Senior Vice President
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