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Jun 18, 2012

China Deal to Add Wyo Jobs

Eleutian Technology of Cody will add 50-100 teachers within the next year to the ranks of Wyoming-based educators teaching Chinese students the English language using the firm’s video conferencing technology.


The move comes on the heels of a deal between Eleutian and the Chinese English-language-training company New Channel International Education Group announced by Gov. Matt Mead on a recent visit to China to attend a coal technology conference.


"This will strengthen the ties between Wyoming and China,” Mead said in a news release. “It also means new jobs for the people of Wyoming. This partnership shows that improved connectivity and continued deployment of broadband technology will allow Wyoming to participate more fully in the global economy."


Eleutian’s technology allows Wyoming-based teachers to teach live English language classes to Chinese students in centers owned by New Channel and through partnerships with local ministries of education in China. New Channel operates 66 centers in 21 cities that serve over 100,000 Chinese students.


New Channel’s Hu Min said Eleutian’s teachers and TeachCast video conferencing technology would also be used to train Chinese teachers to teach English.


"The goal of this new partnership is to help improve English conversation fluency for students throughout China,” said Hu. “It is impossible to physically deploy enough American, native-English-speaking teachers to satisfy the demand among Chinese students to improve their conversational English. Eleutian’s teachers can help our company solve this problem and capture this opportunity by using the Internet."


The state of Wyoming, through its mineral trust fund, is the largest investor in Cheyenne Capital Fund LP, which in turn is Eleutian’s largest investor. Eleutian acquired Chinese English-language-training company Idapted Ltd. in 2010 to ease its entry into the Chinese market.


"China is the most important market for Eleutian,” said Eleutian Chairman Bob Grady, who is also managing director of Cheyenne Capital Fund. “Partnering with New Channel will enable Eleutian to grow in a much more meaningful way in the world’s most important market for learning English. This growth will be good for Wyoming."



Source: Casper Star Tribune / trib.com