KNeoMedia’s order book continues to grow in New York City

KNeoMedia (ASX:KNM) has secured orders for an additional 1,000 licences of the special education version of its games-based learning portal (KNeoESP) for students in three schools.

The company is an online education publisher that delivers education assessment products and games-based learning to the educational and consumer markets.

KNeoMedia has attributed the new orders directly to the budget support announced last week by the New York City Department of Education District 75.

The purchase order takes the total number of New York Public Schools using KNeoMedia’s educational content to 15, with over 3,500 seat licences at US$50 per licence.

Users of KNeoMedia’s educational content have determined that the software is particularly suited for pacifying, engaging, entertaining and educating special needs students.

A direct correlation has been observed between deployment of KNeo products and a reduction in adverse physical incidents at special needs schools.

KNeoMedia’s pipeline of sales enquiries continue to build weekly.

The company’s immediate focus is on continuing the progressive rollout of KNeoWorld into the greater New York Public School system.

This is a large addressable market with circa 2,300 elementary schools teaching more than 1.25 million students, including 220,000 special needs students.

Securing direct funding approval from the New York City Department of Education District 75 is expected to have a positive impact in converting KNeoMedia’s sales pipeline into orders.

Story by ProactiveInvestors