Team Valamis enters $15 Million Global Learning XPRIZE

Team Valamis has entered the Global Learning XPRIZE, which is a competition to develop tablet based, open source and scalable software that will enable children in developing countries to teach themselves basic reading, writing and arithmetic within 18 months. Team Valamis, headquartered in Joensuu, Finland is among 198 teams from 39 countries that are competing for the $15 million prize.

"The Global Learning XPRIZE is continuation for the epic challenges we have been contributing to with our Valamis learning technology. There are 250 million children around the world who cannot read or write. The Global Learning XPRIZE is a perfect opportunity for us to challenge our entire organization and be part of something bigger, such as eliminating illiteracy from the world", says Janne Hietala, the Chief Commercial Officer from Arcusys.

The Global Learning XPRIZE is a 51-month competition in which teams can compete for the $15,000,000 prize purse. For more information about the competition and its structure please visit learning.xprize.org.

Additional information:

Arcusys Ltd.
Janne Hietala
CCO, Chief Commercial Officer
janne.hietala@arcusys.fi
Twitter: @janne_hietala

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About XPRIZE

Founded in 1995, XPRIZE, a 501(c)(3) nonprofit, is the leading organization solving the world's Grand Challenges by creating and managing large-scale, high-profile, incentivized prizes in five areas: Learning; Exploration; Energy & Environment; Global Development; and Life Sciences. Our goal is to stimulate investment in research and development worth far more than the prize itself. The organization motivates and inspires brilliant innovators from all disciplines to leverage their intellectual and financial capital for the benefit of humanity. Active prizes include the $30M Google Lunar XPRIZE, the $15M Global Learning XPRIZE, the $10M Qualcomm Tricorder XPRIZE, and the $2M Wendy Schmidt Ocean Health XPRIZE. Go to www.xprize.org for more information.

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