KneoMedia Ltd (ASX:KNM) (OTCMKTS:KNEOF) has secured the first 100 Seat Licences for its KneoWorld Career Technology Education (CTE) program for phase-1 deployment by the Albany School District in New York State.
Albany is the capital of New York State and the first deployment delivers strong market visibility for the KneoWorld technology in a large market.
Further enhancing US presence for KneoWorld, the company has also confirmed a new commercial agreement with EEV LLC to help grow sales more broadly throughout the United States.
Valuable reference point
With 731 public schools districts in New York State alone that operate independently of New York City Dept of Education, the Albany district agreement represents a logical market where the company plans to grow its presence and achieve greater sales uptake.
The approval will act as a valuable reference point and catalyst for sales into the state’s other schooling districts as well as phase-II direct seat licence sales.
“A big opportunity”
Chief executive officer James Kellett said: “As well as our successful Connect ALL Kids program in New York City, this approval of the CTE program provides us with a foothold into the broader New York State education market which was the next logical market for expansion.
“The Albany School District deployment, whilst small in revenue terms, is an important catalyst to achieve much greater scale here.
“With almost 750 school districts, it’s a big opportunity.
“After the initial delayed rollouts due to the COVID-19 pandemic, it is great to be able to continually provide shareholders with updates on new deployments.
“Its confirmation that the channels to markets for KneoWorld products are beginning to ramp up and that there continues to be a strong precedent for future sales.”
This deployment into the Albany School District follows a three-month pilot program undertaken across five schools in Florida where the KneoWorld technology was extensively tested and reviewed.
Sales in several Florida counties are also anticipated for the new school year.
KneoMedia has also entered into a new commercial agreement with EdTech brand scaler EEV LLC to fast-track the roll-out of KneoWorld throughout the US.
EEV will provide KneoMedia with strategies to elevate brand messaging to a market-leading position within the K12 and early childhood verticals.
KneoMedia and EEV will work together to leverage EEV’s network of key connectors and influencers within the US education market.
A recent interview on the partnership can be viewed here:
EEV provides a combined 50-plus years of experience and access to an unmatchable network to help clients strive and thrive.
It operates in three key areas to deliver for clients - revenue-generating relationships, marketing strategies and product development.
Along with its partners, EEV is committed to advancing the education landscape in the US and strengthening each critical stage of a ‘cradle to career’ educational continuum.
“Another key partner”
Kellett said: “The collaboration with EEV provides us with another key partner in which to leverage and utilise their extensive experience and knowledge in the constantly evolving educational landscape.
“With a strong network of key contacts, we look forward to moving the KneoWorld brand forward into new markets within the US with EEV’s guidance as they work with us on accelerating business development.”
KneoWorld is an easy Assign & Go program that engages and empowers students through character-centred narratives and gameplay.
This unique format of standards-aligned lessons blends language with math instruction and social-emotional learning while embedded analytics measure academic growth.
Story by ProactiveInvestors
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