Market Overview

Ohio University and Top Hat Partnership Saves Students More Than $1 Million in Textbook Costs

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Top Hat's personalized faculty support model drives rapid adoption of
Open Educational Resources from Top Hat Marketplace

Nearly 9,000 OHIO students and over 200 faculty are currently
accessing more than 220 courses through Top Hat's teaching platform,
which offers more than 20,000 free or affordable textbooks, course
notes, and other course content

Top Hat's platform is used by thousands of professors and millions of
students at 750 top universities and colleges in North America,
including Dalhousie University, California State University, and Indiana
University

Ohio University and Top
Hat
, provider of the leading cloud-based teaching platform for
higher education, announced today that they have saved students more
than $1 million in fees for textbooks and other course materials since
beginning their partnership in December, which expands access to
interactive, digital Open Educational Resources (OER) through Top Hat's
platform. The milestone more than doubles the original goal of
generating $500,000 in savings by fall 2018.

This partnership provides Ohio University faculty with access to Top
Hat's teaching platform, which they can use to deliver engaging,
interactive and fully customizable digital course materials adopted from
the Top Hat Marketplace. With access to more than 20,000 textbooks,
course notes, and other course content across a wide range of
disciplines, faculty have been able to find content to suit their needs.

"The prices of traditional textbooks have risen dramatically in recent
years, effectively deterring students from purchasing assigned
materials, despite knowing this would impact their grades," said Duane
Nellis, President, Ohio University. "Student access to and affordability
of quality content are integral to OHIO's mission of educational
excellence and success. I am pleased that our faculty have been able to
truly take ownership of this opportunity to adopt and customize
affordable, engaging, and interactive course content that enhances
OHIO's classroom experiences."

As part of the collaborative partnership, Top Hat has provided
personalized one-on-one support to help faculty find these resources and
adopt them to their specific course(s). For example, faculty member Dr.
William Condee, a J. Richard Hamilton/Baker and Hostetler Professor of
Humanities and professor of theater in OHIO's School of
Interdisciplinary Arts, single-handedly saved his students more than
$70,000 by working closely with Top Hat to design a course using OER.

"I have found the staff of Top Hat to be very helpful, resourceful, and
organized," said Condee. "They present good ideas and options that are
strategically tailored to the course learning goals and strategies, and
the online material is very flexible. I applaud the University's
initiative to provide low- and no-cost text to students. Keeping higher
education affordable to students and their families is vital to our
democracy."

"Our partnership with Top Hat has had an immediate and extraordinary
impact on faculty use of OER by dramatically lowering the barriers to
adoption," said Brad Cohen, senior vice provost for instructional
innovation, Ohio University. "Top Hat has really helped us to drive
adoption - we've had more than 60 courses move over to OER so far in
just one semester of this initiative, and that's not a pace of adoption
I've seen anywhere else. That so many of our faculty have so quickly
embraced OER through this partnership is yet more evidence of the level
of commitment they have to student access and success. Without
sacrificing standards or quality, our faculty have saved students
roughly a million dollars through this effort alone."

In addition to being able to easily discover and adopt new course
content in the Top Hat Marketplace, OHIO faculty can use Top Hat's
all-in-one teaching platform to author their own course materials,
create interactive homework, and create and administer tests. Professors
can easily incorporate dynamic content into their course materials and
apply an "assess as you go" learning design that provides feedback on
where students may need the most support.

"Top Hat's mission is to make higher education more affordable and
effective, and we're incredibly impressed with OHIO's commitment to
providing students with access to affordable and engaging course
materials," said Mike Silagadze, co-founder and CEO, Top Hat. "Students
can't learn from textbooks they can't afford and therefore don't buy.
Our work with OHIO has proven that it is possible to implement OER at
scale, and we believe all universities should be working towards this
goal of making higher education more affordable."

For more information or to schedule a demo with Top Hat, please visit https://tophat.com.

About Ohio University

Ohio University strives to be the best student-centered, transformative
learning community in America, where nearly 40,000 students realize
their promise, faculty advance knowledge, staff achieve excellence, and
alumni become global leaders. OHIO is committed to fostering, embracing,
and celebrating diversity in all its forms. Our Athens Campus offers
students a residential learning experience in one of the nation's most
picturesque academic settings. Additional campuses and centers serve
students across the state, and online programs further advance the
University's commitment to providing educational access and opportunity.
Visit www.ohio.edu
for more information.

About Top Hat

Top Hat's interactive, cloud-based teaching platform enables professors
to engage students inside and outside the classroom with compelling
content, tools and activities. Millions of students at 750 leading North
American colleges and universities use the Top Hat teaching platform. To
learn more, visit www.tophat.com.

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