Janison Education Group Ltd (ASX:JAN) will continue to be a US National Service Provider to schools after extending its contract with the OECD (Organisation for Economic Cooperation and Development) until 2024.
In preparation for the renewal and to capitalise on the opportunity, Janison has developed comprehensive plans to capture a greater market share of secondary schools in the US.
Promisingly, Janison has begun to engage with schools, school systems and districts to secure local agreements for the PISA for schools assessment delivered on the Janison Insights platform.
“Strong signal of demand”
Janison CEO David Caspari said: “We are honoured to be granted this extension from the OECD and confident we now have the resources and knowledge to successfully execute on our plans in the US – in an environment much more favourable than in 2020.
“Having secured more than 25 US schools in such a short amount of time, and in some instances on five-year agreements, is a very strong signal of demand for the PISA for Schools assessment in the US.
“I’m excited for what we can achieve in the next 12 months.”
Focused on recruiting schools
Strong market tailwinds exist in the US to support the take-up of PISA for Schools over the next three years.
Schools emerging from lockdown have a heightened need to assess students’ learning loss during COVID-19 and its impact on their social and emotional well-being.
The PISA for Schools assessment addresses these concerns and provides schools and school systems with rich and actionable diagnostics from which they can develop meaningful interventions.
Janison’s team and its partners, consultants and US-based experts are now focused on recruiting schools to take the PISA for Schools test in the coming school year and are targeting 100-200 school registrations in the first year of this renewal.
Support packages for schools
Working directly with school districts and the charter school network, Janison has secured more than 25 schools in the first month of this new school year.
At a fixed price of A$7,000 per school, this will generate more than $175,000 for Janison in FY2022 with future revenue guaranteed from many of these schools signing on for five-year agreements.
The US Federal Government has provided more than $200 billion (about $4,000 per student) in support packages for schools since the beginning of the pandemic.
The PISA for Schools assessment aligns with several key elements of how funding may be used, including assessing and addressing learning loss, supporting diverse students, evaluating social, emotional, and mental health, and teacher professional development.