Lingo Media Corporation's (TSX:LM) president and chief executive Michael Kraft spells out the progress the edtech firm has recently made in Latin America.
Subsidiary ELL Technologies secured a sales contract in July to promote digital education to students at a leading financial education institute in CERTUS, Peru,
And in August the company announced a deal with the Universidad de San Martín de Porres in Peru, via distribution partner Telefónica.
The university has more than 20,000 students and two campuses at Peru's capital Lima and Chiclayo.
Outlining the revenue potential, Kraft says the institution is charged $50 per student per year, so for 20,000 students, that would be up to $1mln if it's fully rolled out.
He also highlights that partner Telefónica gives the group exposure to all its (Telefónica's) education clients in Peru.