The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • KNeoMedia (KNM) has received over $290,000 from the New York City Council for the Connect all Kids education program.
  • Connect all kids was developed by the National Association for the Advancement of Colored People (NAACP), Dell Technologies and KneoWorld
  • The program is focused on helping to improve the learning and development of disabled, urban and special needs students
  • The New York City Council has funded approximately $1.46 million to four public schools to use Connect all Kids education program
  • At market close, KNeoMedia is down 4.17 per cent, trading at 2.3 cents apiece

KNeoMedia (KNM) has received $291,000 (US$200,000) from the New York City Council for the Connect all Kids education program.

Connect all Kids was developed by the National Association for the Advancement of Colored People (NAACP), Dell Technologies and KneoWorld.

The program is focused on providing access to digital tools and cloud-based content to improve the learning and development of disabled, urban and special needs students.

The New York City Council has funded approximately $1.46 million (US$1 million) to four public schools to use Connect all Kids education program.

The funds will give students access to laptops and state-of-the-art learning programs that will help boost literacy and math skills. The first-of-its-kind NAACP program is named the Hazel Dukes Education Initiative.

NAACP will purchase more than 1300 Dell Technology Chrome notebooks and KneoWorld technology-based learning programs to be used in the schools.

“We need 21st-century resources for our 21st-century students and this partnership will make sure that these Queens and Bronx schools will get the technology and support the students need to thrive,” Speaker Corey Johnston said.

“The Council proudly supports this program and is grateful for all the work the NAACP does to help shape a future leader,” he added.

At market close, KNeoMedia is down 4.17 per cent, trading at 2.3¢ apiece.

KNM by the numbers
More From The Market Online

Family tracking app Life360 eyeing a US IPO as profitability approaches

Family tracking app developer Life360 announced on Friday that it is applying for a US IPO…

UNITH’s digital humans expand into Amazon; Facebook

AI-powered 'Digital Human' chatbot developer UNITH has announced its in-house tech can now harmonise with that…

Unith wraps up Q1 with $5M in cash as digital humans evolve

Unith has wrapped up Q1 of 2024 with nearly $5M in cash and opex reduced. But…

Orcoda heading into Q2 with new clients under belt via government-led pilot

Orcoda has announced it's heading into Q2 with 4 new clients in its healthcare logistics arm,…