LINC Lincoln Educational Services

LINCOLN TECH ANNOUNCES PARTNERSHIP WITH HYUNDAI MOTOR AMERICA & GENESIS MOTOR AMERICA; TRAINING OFFERED AT NO ADDITIONAL COST TO STUDENTS

LINCOLN TECH ANNOUNCES PARTNERSHIP WITH HYUNDAI MOTOR AMERICA & GENESIS MOTOR AMERICA; TRAINING OFFERED AT NO ADDITIONAL COST TO STUDENTS

New career training option will help meet growing nationwide demand for Hyundai and Genesis automotive technicians.

PARSIPPANY, NJ – October 21, 2024, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training for more than 75 years, has partnered with Hyundai Motor America (HMA) & Genesis Motor America (GMA) to launch two new employer-specific training programs. These programs will supplement Lincoln Tech’s Automotive Service Technology programs across the country and help students build skills on Hyundai/Genesis equipment and systems, while helping the employer build its technician workforce.

Interested students will have the chance to select between the Hyundai Performance Institute Technician Student Program or the Genesis Technician Student Academy.* Both are employer-funded, meaning Lincoln Tech students will have no additional expense to pursue this supplemental training. The web-based training helps future technicians begin their technician certification process before getting hired at a dealership, where a student will gain additional experience through hands-on practice at a Hyundai or Genesis retailer.

These self-paced online programs are the same resources used by already-employed Hyundai and Genesis technicians. With more than 675,000 Automotive Technician positions projected to become available around the country by 2032**, including many at Hyundai and Genesis dealerships, programs like these have become popular, innovative ways to help employers maintain steady pipelines of trained applicants.

Lincoln Tech students enrolled in Automotive Service Technology training can add the Hyundai or Genesis option to their program at no additional cost and build manufacturer-specific career skills while also enjoying employer discounts on Sonic Tool kits.

“We’re pleased to add Hyundai & Genesis to our family of hiring partners,” says Scott Shaw, Lincoln Tech’s President and CEO. “Hundreds of Lincoln Tech graduates have gone on to work for Hyundai or Genesis dealerships up until now, and this program now both accelerates their potential hiring process while also providing Hyundai with new technicians who already have experience working on their specific technologies. These technicians will need less time to ‘ramp up’ to Certified Technician status, and will play key roles helping Hyundai and Genesis continue to grow.”

“Empowering the next generation of technicians, our partnership with Lincoln Technical Institute is more than just education,” says Randy Parker, President and CEO of Hyundai Motor North America. “It's a commitment to excellence and a brighter future. Together, we're not just offering training, we're igniting passion and driving the industry forward. Here's to the journey of discovery, the hands that will shape tomorrow, and the partnership that makes it all possible.”

To help support the program, Hyundai has donated vehicles for training purposes at both Lincoln Tech’s Philadelphia, PA and East Point, GA campuses and a donation of Hyundai scan tools was received by Lincoln Tech’s Queens, NY, Philadelphia, PA and East Point, GA campuses. Lincoln Tech’s Automotive Service Technology program is also available at campuses in Columbia, MD; Denver, CO; East Windsor, CT; Grand Prairie, TX; Indianapolis, IN; Mahwah, NJ; Melrose Park, IL; Nashville, TN; and Union, NJ.

* Must meet dealer terms and conditions.

** Career growth projections can be found at onetonline.org for the years 2020-2030 and are current as of August 28, 2024.

###

About Lincoln Educational Services Corporation

Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education. Lincoln offers recent high school graduates and working adults career-oriented programs in five principal areas of study: automotive technology, health sciences, skilled trades, information technology, and hospitality services. Lincoln has provided the workforce with skilled technicians since its inception in 1946. 

Lincoln currently operates 22 campuses in 13 states under four brands: Lincoln Technical Institute, Lincoln College of Technology and Euphoria Institute of Beauty Arts and Sciences.  Lincoln also operates Lincoln Culinary Institutes in both Maryland and Connecticut.

For more information, go to lincolntech.edu.

Contact Information

Lincoln Educational Services Corporation

Scott Watkins



Scott Watkins, VP Marketing
Lincoln Tech
973.766.9656 
 
EN
21/10/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Lincoln Educational Services

 PRESS RELEASE

Lincoln Educational Services Corporation Schedules First Quarter Earni...

Lincoln Educational Services Corporation Schedules First Quarter Earnings Release and Conference Call PARSIPPANY, N.J., April 21, 2025 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) (“Lincoln”) announced today that it will host a conference call to discuss its first quarter financial results on Monday, May 12, 2025 at 10:00 a.m. Eastern time. A news release outlining Lincoln’s results will be issued before 9:30 a.m. Eastern time on that day. To access the live webcast of the conference call, please go to the investor relations section of Lincoln’s website at ...

Lincoln Educational Services Corp: 1 director

A director at Lincoln Educational Services Corp sold 36,560 shares at 14.817USD and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last...

 PRESS RELEASE

Lincoln Educational Services Expands Credit Facility to Support Growth...

Lincoln Educational Services Expands Credit Facility to Support Growth Initiatives Increased Financial Liquidity, Coupled with a Robust Balance Sheet, Provides Resources for Sustained Growth and Success PARSIPPANY, N.J., March 11, 2025 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced an amendment to its secured credit agreement with Fifth Third Bank, National Association, increasing the aggregate principal borrowing amount from $40 million to $60 million. This increase enhances the Company’s financial flexibility, and the additional liquidity e...

 PRESS RELEASE

Lincoln Educational Services Reports Strong Results for Fourth Quarter...

Lincoln Educational Services Reports Strong Results for Fourth Quarter and Full Year 2024; Provides Outlook for Continued Strong Growth in 2025 Conference Call Today at 10 a.m. Eastern Standard Time PARSIPPANY, N.J., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced financial and operating results for the fourth quarter and fiscal year ended December 31, 2024, as well as recent business developments. Fourth Quarter 2024 Financial Highlights Revenue increased by 16.4% to $119.4 millionStudent starts grew by 9.6%; quarter-end stude...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

S&P 500 and Nasdaq 100 Breaking Out We are seeing signs that this 2+ month consolidation in the S&P 500 and Nasdaq 100 (QQQ) is ready to break out to the upside. Part of that is the obvious; both the SPX and QQQ are breaking out to marginal new highs. The other part that has kept us bullish this whole time is that market dynamics have remained risk-on, which we have discussed on a weekly basis. Bottom line: our outlook remains bullish as long as the S&P 500 remains above 5770-5850. Our recommen...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch