Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 31

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 5
Chunk 31
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 e of contents

As Promethean continued to develop its market leading interactive whiteboards and started to develop its new IFPDs, it sought to further improve student outcomes by designing lesson delivery software including ActivInspire. By 2015, Promethean was one of the few interactive learning companies that had a combined hardware and software solution. In November 2015, NetDragon, a leading developer and operator of online games and mobile internet platforms, acquired Promethean as part of its commitment to scale its online education business to pursue its vision of creating an online learning community, and to bring the “classroom of the future” to schools around the world.

More than 25 years of product development experience and close relationships with the teaching community has positioned the Company to adapt to and understand teacher and student needs, and we believe positions us well to successfully address “pain points” in the classroom. According to management commissioned reports on the world IFPD market, as of December 31, 2024, Promethean held a 22.1% share of the IFPD market in the U. S. and a 12.9% share of the global market, excluding China. For the year ended December 31, 2024, Promethean’s business in the U. S. generated $179.8 million in revenue and its business outside of the U. S. generated $87.6 million in revenue.

Our global coverage is facilitated by Promethean’s strong, far-reaching relationships with over two hundred distributor and reseller partners with whom Promethean has a direct relationship, and more than fifteen hundred resellers globally with whom Promethean has worked with through its distributor relationships.

Product Overview

Our commitment is to deliver solutions to customers' most pressing problems: easy, secure sign-in options, streamlined connection to content, flexible lesson delivery, and personalized user experiences. Promethean products are comprised of interactive smart displays, accessories, and software. Our range of IFPD products includes our recently launched ActivPanel 10 and our ActivPanel LX product, each as more fully described below. We will also continue to market and sell our existing inventory of ActivPanel 9 products while supplies last and for limited use cases. All of our IFPD products are compatible with our Promethean ActivSuite, Explain Everything, and ActivInspire software.

Interactive Displays

ActivPanel 10 is Promethean’s latest generation IFPD and has specifically been designed to support freedom of choice, simplicity, and adaptability for Prom