CALGARY, Alberta–September 11, 2006–The SMARTer Kids(TM) Foundation of Canada announces that as of September 30, 2006, it will no longer accept applications for new or renewed grants for SMART products. The product grant program was originally designed to support individual educators seeking funding from their school budgets, but educators today tend to purchase in large volumes, which requires a more streamlined approach.

SMART Technologies Inc. is, therefore, launching a new education pricing program on October 1, 2006, to better accommodate today’s purchasing requirements. The new education pricing program offers discounts on the manufacturer’s suggested retail price for SMART products and services, and will be available directly through SMART resellers. Current grant holders will not be affected by this change if their grants are used prior to September 30, 2006.

In 1997, the SMARTer Kids Foundation introduced product grants that mainly supported individual educators seeking funding for technology adoptions from their school budgets. However, technology purchasing decisions are now more often made at the district level on behalf of multiple schools or at the school level for multiple classrooms. The new education pricing program streamlines ordering for educators, while continuing to support them with education pricing. Other SMARTer Kids Foundation initiatives (the PREP grant, Teaching Excellence Awards, Connections program, ImagiNations program and SMARTer Kids Research) will not be affected by this change. The Foundation will continue to explore ways of supporting the adoption of education technology.

“The SMARTer Kids Foundation continues to be committed to providing educators with programs that make a difference to their teaching and students,” says Nancy Knowlton, executive director of the SMARTer Kids Foundation and president and co-CEO of SMART Technologies Inc. “Over the last nine years, tens of millions of dollars in grants have been provided by the SMARTer Kids Foundation. The Foundation is proud to have played an important role in the early and broad deployment of interactive classroom products.”

About the SMARTer Kids Foundation

Founded in 1997, this private, not-for-profit organization supports the improvement of learning through collaborative programs, research support and other initiatives. The Foundation’s programs provide students with enriched learning experiences and support teacher-training projects that integrate multimedia tools into the curriculum. Research programs supported by the SMARTer Kids Foundation focus on the impact and effectiveness of technology in the classroom. The SMARTer Kids Foundation is committed to working with educators to provide programs that make a difference in education. For more information, visit www.smarterkids.org.

About SMART

SMART Technologies Inc. is both the industry pioneer and global education market segment leader in user-friendly interactive whiteboards and group collaboration tools. The award-winning family of SMART Board(TM) interactive whiteboards is the most widely installed interactive whiteboard in the world because of its unsurpassed product quality, versatility and ease of use. School districts across the United States have standardized on SMART products, including New York City Board of Education, Atlanta Department of Education, Vermont Institute for Science, Math & Technology, and San Diego City Schools. The SMART Board interactive whiteboard is used to teach 11 million students in 330,000 classrooms in over 100 countries around the world. SMART is a private company founded in 1987. Employing more than 800 people, SMART is headquartered in Calgary, Alberta, Canada, with assembly facilities in Ottawa, and offices in Bonn, Tokyo, Shanghai, New York City, Chicago and Washington DC. SMART has been issued and maintains a broad portfolio of patents with numerous U.S., Canadian and other patents pending. In 1992, SMART formed a strategic alliance with Intel(R) Corporation that resulted in joint product development and marketing efforts, and Intel’s equity ownership in the company. SMART products are sold through dealers across North America and distributors worldwide. To learn more about SMART as a company as well as SMART products and programs visit www.smarttech.com and www.education.smarttech.com

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