GMAC Launches Official GMAT™ Exam Chinese Microsite

RESTON, Va., May 26, 2021 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), the leading global association of business schools and administrator of the Graduate Management Admission Test (GMAT), today announced the launch of the official GMATTM exam Chinese website, As the most widely used exam for graduate business school admissions and accepted by more than 7,000 graduate business programs worldwide, GMAT has been a leading assessment tool among the vast pool of talents in the greater China region for more than six decades.

Recognizing the growing interest in graduate management education (GME), GMAC established the microsite for prospective students from the region to access accurate, comprehensive, and authoritative information about the GMAT and GME in their native language more readily and comfortably. Through the localized and targeted content, the GMAT Chinese website, along with GMAT's official WeChat account that went live earlier this year, provide the critical digital platforms to create and strengthen the connection between Chinese–speaking talents and the world's leading business schools in the region and beyond, and filling an information gap in the market.

"China has over the years grown into the second largest region for GMAT, after only the United States," said Sangeet Chowfla, president and CEO of GMAC. "As vaccines become more widely available and hope for economic recovery begins to take root, we expect to see more mobility and look forward to more Chinese students starting and returning to their journey of graduate business education in their own country or abroad, benefiting from the new Chinese–language platforms we are offering today."

According to GMAC's 2021 Prospective Students Survey Report published in March, the level of concern about the impact of COVID–19 has been declining over time. Specifically, the proportion of Chinese respondents reporting that they are extremely or very concerned has dropped from 71 percent in July 2020 to 48 percent in November last year. The report also found that the Chinese respondents planning to pursue an MBA outside their country are not changing their original plans despite the pandemic, with 89 percent planning to pursue their MBA in the United States and 55 percent in the United Kingdom, making these two countries their top destinations of consideration.

"The interest in and desire of Chinese business talents to pursue graduate management studies have not declined but only been put on hold," said Yuan Ding, vice president and dean of CEIBS and a board director of GMAC. "The official GMAT Chinese website will help connect Chinese business talents all over the world with global business schools and leave no talents undiscovered."

More than seven million candidates on their business master's or MBA journey visited " GMAC's flagship graduate education resource and information portal " to explore business school options, prepare and register for exams, and get advice on the admissions process. GMAC is committed to supporting the goals of Chinese prospective students who wish to prepare and register for the GMAT exam.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission–driven association of leading graduate business schools worldwide. Founded in 1953, GMAC creates solutions and experiences that enable business schools and candidates to better discover, evaluate, and connect with each other.

GMAC provides world–class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as tools, resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam is the most widely used graduate business school assessment. GMAC also owns and administers the NMAT by GMAC (NMAT) exam and the Executive Assessment (EA). BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

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Sea Electric Extends Worldwide Presence With Increased Global Management Team and Strong Showing at Brisbane Truck Show

LOS ANGELES, May 26, 2021 (GLOBE NEWSWIRE) — The recent Brisbane Truck Show (May 13–16, Brisbane Convention & Exhibition Centre, South Brisbane, Australia) held a significant presence for global automotive technology company SEA Electric, showcasing the first–ever public appearance of a full range of operational–ready electric trucks utilizing proprietary SEA–Drive power systems, new SEA Electric branding, and the announcement of senior global leadership taking the company's helm throughout the Asia Pacific region.

The appointment of Bill Gillespie, president of Asia Pacific, and promotion of Glen Walker to vice president of Asia Pacific, bring a wealth of international transport industry and electric vehicle expertise to the region during a time of growth for SEA Electric worldwide. Following a recent US $42 million investment, SEA Electric is bringing electrification solutions and opportunities to nearly every corner of the globe, and in the United States it has added further assembly capacity, creating the current potential for approximately 60,000 units per annum. Further U.S. assembly, including in the area of batteries, is expected in the near future.

According to SEA Electric President and Founder Tony Fairweather, SEA Electric has not only created a low–cost delivery solution, but equally meaningful it has developed a medium voltage/lightweight power system with performance outcomes that exceed the internal combustion engine equivalent. "Our own SEA–badged trucks "" including the SEA 300 and SEA 500 in Australia "" are derived from OEM Semi Knock–Down kits, creating further efficiencies to pass on to our customer base whilst supporting rapid OEM expansion into this segment," said Fairweather.

Gillespie's new leadership role allows him to build upon the company's momentum, which continues to expand on a worldwide basis. "The product showcased in Brisbane sets the framework for SEA Electric to seamlessly fold into OEM dealerships and fleets, bringing forth both new and repowered electrification options," said Gillespie. The current three medium–size EV truck models are sold through a dozen authorized dealers in Australia, while more than 220 U.S. dealers are available to support the North American market needs.

SKD Assembly Provides Solutions Efficiency
Walker further explained the commercial arrangement as a Semi Knock Down (SKD) Assembly Operation "" creating SKD "Glider' kits "" a first–of–its–kind three–way process that begins with the cab,

frame rails, wheels and axle components arriving in Australia, within containers from Japan, and upon arrival being assembled to provide a rolling chassis to support the appropriate proprietary SEA–Drive power–system to create a completely assembled SEA Electric–branded vehicle. The vehicles are then ready for distribution.

But it is their SKD assembly operation's efficiency that creates a real game–changer for SEA Electric and facilitates the solutions and productivity the company can provide. With consistency of assembly, and a process that provides multiple efficiencies, there becomes very little waste, often eliminating extra componentry that previously would have been discarded in other retrofitting processes.

"Our agreements in the U.S. go one step further," said Walker. "We are utilizing SKD and local glider assembly to set the benchmark for ongoing programs in North America and other SEA Electric markets around the world." As an example, when containers in the United States arrive for SKD assembly, all electrification is then performed by authorized upfitters, solely using SEA–Drive power–system technology and branding. The process of building the trucks from SKD kits or glider chassis provides multiple advantages over the retrofit option, including lower cost, quicker build times, and less waste.

The North American market, which recently became the new home for SEA Electric's California–based headquarters, has the largest capability for upfitting capacity at 60,000 units annually. The addition of a Des Moines Technical Center and planned offices in Chicago, Brooklyn, and Miami before August this year represents SEA Electric's commitment to the market.

With available volume and an ambitious capability to assemble the company's SEA–Drive technology, SEA Electric provides immediate and cost–efficient solutions that can be easily scaled to meet the needs for any fleet "" whether new or existing delivery vehicles in need of new EV drive capabilities. The electrification of the yellow school bus industry is also in high demand in the United States.

Perhaps the most important business growth aspect of SKD kit and OEM glider assembly is the ability for the SEA Electric vehicle range to be available from a dealer network that provides complete sales, warranty, and service support.

SEA–Drive Power–Systems
SEA Electric's proprietary SEA–Drive power–systems come in a variety of configurations for all–electric models with a GVM range of 4.5t through to 26t (i.e., 9,990 lbs. to 57,500 lbs. GVWR). Each are designed for 3,000 charge cycles based on a full overnight charge, if applied five days per week, and can result in optimum performance for 10 years.

The Brisbane Truck Show highlighted five new SEA–Electric–branded truck models, including the launch of the SEA 300–45 EV and the SEA 300–85 EV. Both models are fully ADR compliant and assembled in Melbourne for Australian distribution.

The Future for SEA Electric
While SEA Electric's roots originate in Australia, along with various manufacturing and technology capabilities, the company's North American growth brings a business model that can be replicated in Europe, as well. Current U.S. upfitting facility locations include Illinois, Michigan, North Carolina, Indiana, and California.

On the heels of its recent US $42 million equity financing announcement, SEA Electric also closed its latest purchase of 1,000 electric vehicle batteries from long–time technology partner Soundon New

Energy Technology. This important transaction supports SEA Electric's proprietary SEA–Drive 70, 100, and 120 major power–system models. While most of the initial units are slated for the United States, the balance will go to SEA Electric inventories in Australia, New Zealand, and Southeast Asia, as well as the company's first entry into the European market.

About SEA Electric
Global automotive technology company SEA Electric was founded in Australia in 2012, creating its proprietary electric power–system technology (known as SEA–Drive ) for the world's urban delivery and distribution fleets, as well as front powered school bus applications.

Widely recognized as a market leader in the electrification of commercial vehicles on a global basis, SEA Electric commands a global presence, deploying product in six countries including USA, Australia, New Zealand, Thailand, Indonesia, and South Africa with collectively more than one million miles of independently OEM–tested and in–service international operation.

The company's global sales, after–sales and engineering are represented in all subsidiaries, whilst North America, home to the company's headquarters, has the largest upfitting capacity for SEA Electric at 60,000 units per year.

Please follow this link to download this press release and HIGH RESOLUTION versions of our accompanying SEA Electric images and other supporting editorial assets.

Contact: Deb Pollack/Strategic Communications

(t) 805.320.9248 (e)

Photos accompanying this announcement are available at:–4ff7–4b80–b687–e2264e18e5db–960e–4586–b145–38e83c1bb1f5–56f0–419e–8287–1e80f8774dd6–97cf–4680–a191–86d43f2593af–6ff6–47d1–af4f–47db028de6df

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