KneoMedia Limited announced the deployment of the `Connect All Kids' education initiative to date with 40,000 Dell Chromebooks being deployed into 11 school districts located in the Boroughs of Manhattan (Harlem), Queens, Brooklyn and The Bronx in New York City. The total deployment is valued at USD 24 million based on 40,000 Chromebooks that have already been delivered and paid for by the New York City Department of Education (NYC DOE). The devices will now be deployed into schools and will be linked to the KneoWorld platform.

Once in classrooms, KneoMedia will receive its share of the deployment, valued at USD 6 million (~AUD 9 million) which is anticipated sometime in the March 2023 quarter and subject to completion of commercial terms in line with previously deployed contracts. As reported, KneoMedia is a registered NYC supplier which ensures the timely receipt of funds. The ~$A9m of revenue materialising from this deployment, which is for a three-year licensing period and paid upfront in Year 1, underpins KneoMedia's operations and will reduce reliance on external capital.

As well, its Software-as-a-Service (SaaS) business model ensures its cost base remains largely the same, irrespective of the size of this and future deployments. This supply of 40,000 Dell Chromebooks with the KneoWorld platform is the and most significant in the Company's history and, based on ongoing engagement with the NYC DOE and `Connect All Kids' participants, more deployments will materialise in calendar year 2023 and beyond. The visibility that this deployment creates will also be a key catalyst for more schools wishing to access the technology.

The expanded rollout is a by-product of the continued successful results achieved through a series of earlier smaller deployments, and the quantum of funding and resources being deployed mark a validation of the technology by leading education policymakers in New York City. Pleasingly for KneoMedia, the deployment is a rewarding outcome following an extended period of collaboration and cooperation between the company, Dell Technologies and the National Association for the Advancement of Colored People (NAACP) to build a software solution that provides broader access to technology and world class education products.