On December 3rd 2020, Loop Insights announced “The launch of a second product into the TELUS (T:TSX; TU:NYSE) IoT Marketplace for national sales and marketing To TELUS Business Customers.”
This came less than 50 days after Loop announced the acceptance of its first product into the TELUS IoT Marketplace.
To say the partnership between Loop Insights and one of Canada’s largest telecommunications companies ($15.5 billion in annual revenue in 2020 and 16 million customer connections) was an understatement.
BUT THAT’S NOT ALL
Earlier today Loop announced TELUS Upgrades Loop Insight Partnership Status From IoT Marketplace To Direct Reseller In Multi-Year Agreement. TELUS To Directly Resell Loop Solutions As A TELUS Product To National Business Customers. Though this last step took over 6 months, it is also the biggest possible step placing Loop Insights at a pinnacle that very few small cap companies ever see.
How big is this partnership upgrade with TELUS and what does it mean for both domestic business and global partnerships?
Watch this great interview with Loop CEO Rob Anson.
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