Launch of California contract

Further to the announcements on 4 July and 21 September 2023, Kooth (AIM: KOO), a global leader in youth digital mental well-being, is pleased to confirm the launch of its digital mental health platform and mobile app in California on 1 January 2024 as Soluna (www.SolunaApp.com).

Soluna offers California's six million 13-25 year olds free access to one-to-one professional support, self-guided tools, content, and activities, and peer support communities moderated by trained behavioral health professionals. Soluna provides professional coaching support in English and Spanish as well as telephone-based support in all 19 Medi-Cal threshold languages.

As indicated previously, the contract has an expected value of $188m through to June 2027 with possible revenue upside based on usage levels and product development.

Tim Barker, Chief Executive of Kooth said:

"Kooth is proud to support the State of California with this major initiative. In a State where between 2019 and 2021, approximately one third of adolescents experienced serious psychological distress and there was a 20% increase in adolescent suicides - there is a clear imperative to transform mental health support. The launch of Kooth's service is a cornerstone of Governor Gavin Newsom's Master Plan for Kids' Mental Health and the Children and Youth Behavioral Health Initiative and cements our momentum in the US."