Nationwide Insurance to Showcase How they are Driving

BETHESDA, Md., April 18, 2024 (GLOBE NEWSWIRE) — iLearningEngines, Inc. (Nasdaq: AILE) (“iLearningEngines” or “the Company”), a leader in AI-powered learning automation and information intelligence for corporate and educational use, today announced that its customer, Nationwide Mutual Insurance Company, will provide attendees with a glimpse into the future of insurance risk management at Insurance Innovators 2024. Mark McGhiey, Sr., the Associate Vice President of Loss Control Services at Nationwide, will discuss how Nationwide is using iLearningEngines’ Enterprise AI platform, among other tools, to power its comprehensive fleet risk management assessment program as well as how it uses AI to drive its client Training and Compliance programs.

“Our commitment has always been to make safety and risk management straightforward for our customers,” said McGhiey. “Now, with AI, we’re turning complex data into simple, actionable insights, ensuring that we are delivering specialized protection with confidence.”

Insurance Innovators 2024 will take place on April 22 and 23, 2024 at Music City Center in Nashville, Tennessee. Attendees interested in listening to the presentation can do so at Stage 3 on Tuesday, April 23, 2024 at 11:35 a.m. CT. Attendees will learn how Nationwide is using AI to reach underserved clients while extracting insights from extensive data. The presentation will also delve into the debate of quality vs. quantity in risk data and showcase how Nationwide is shaping technology for seamless knowledge transfer.

“In my three decades as a risk management professional, I’ve witnessed many shifts, but nothing compares to the revolutionary tide brought by AI,” added McGhiey. “We’re not just riding the wave; we’re steering it towards a future where safety and risk management are more proactive, customized, and accessible than ever before.”

To register for the Insurance Innovators 2024 event, please visit: https://insurance-innovators.com/events/usa/#tickets. For more information about iLearningEngines, please visit: www.ilearningengines.com.

About iLearningEngines

iLearningEngines is a leading cloud-based, AI driven mission critical training platform for enterprises. iLearningEngines has consistently ranked as one of the fastest growing companies in North America on the Deloitte Technology Fast 500. iLearningEngines’ AI and Learning Automation platform is used by enterprises to productize their enterprise knowledge for consumption throughout the enterprise. The intense demand for scalable outcome-based training has led to deployments in some of the most regulated and detail-oriented vertical markets, including Healthcare, Education, Insurance, Retail, Oil & Gas / Energy, Manufacturing and Government. iLearningEngines was founded by Harish Chidambaran in 2010, with headquarters in Bethesda, MD and offices in Dubai, UAE and Trivandrum, Pune and Kochi, India.

Forward-Looking Statements

Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995 with respect to the Business Combination. Forward looking statements generally are accompanied by words such as “believe,” “may,” “will, “estimate,” “continue,” “anticipate,” “intend”, “expect”, “should”, “would”, “plan”, “predict”, “potential”, “seem”, “seek”, “future”, “outlook”, the negative forms of these words and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to statements regarding the ability of AI, including iLearningEngines’ Enterprise AI platform, top contribute to a future where safety and risk management are more proactive, customized, and accessible than ever before and iLearningEngines’ ability to address market opportunities across artificial intelligence. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the iLearningEngines’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions this press release relies on. Many actual events and circumstances are beyond the control of iLearningEngines. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; iLearningEngines’ failure to realize the anticipated benefits of its recently completed business combination with Arrowroot Acquisition Corp.; risks related to the rollout of iLearningEngines’ business and the timing of expected business milestones; iLearningEngines’ dependence on a limited number of customers and partners; iLearningEngines’ ability to obtain sufficient financing to pay its expenses incurred in connection with the closing of the business combination; the ability of iLearningEngines to issue equity or equity-linked securities or obtain debt financing in the future; risks related to iLearningEngines’ need for substantial additional financing to implement its operating plans, which financing it may be unable to obtain, or unable to obtain on acceptable terms; iLearningEngines’ ability to maintain the listing of its securities on Nasdaq or another national securities exchange; the risk that the business combination disrupts current plans and operations of iLearningEngines; the effects of competition on iLearningEngines’ future business and the ability of iLearningEngines to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; risks related to political and macroeconomic uncertainty; the outcome of any legal proceedings that may be instituted against iLearningEngines or any of their respective directors or officers, including litigation related to the business combination; the impact of the global COVID-19 pandemic on any of the foregoing risks; and those factors discussed in the Company’s registration statement on Form S-4, as amended or supplemented, under the heading “Risk Factors,” and other documents the Company has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that iLearningEngines does not presently know, or that iLearningEngines does not currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect iLearningEngines’ expectations, plans, or forecasts of future events and views as of the date of this communication. iLearningEngines anticipates that subsequent events and developments will cause iLearningEngines’ assessments to change. However, while iLearningEngines may elect to update these forward-looking statements at some point in the future, iLearningEngines specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing iLearningEngines’ assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Contacts

For iLearningEngines:
Investor Contacts:
iLearningEngines
investors@ilearningengines.com
Kevin Hunt
iLearningEnginesIR@icrinc.com

For iLearningEngines:
Dan Brennan
ICR Inc.
iLearningPR@icrinc.com