Posted by AGORACOM-JC
at 4:50 PM on Monday, December 7th, 2020
Earlier today, MTRX announced its “Uplist Plan” outlining its proposed plan to: 1. Apply for uplisting to the Toronto Stock Exchange (“TSX”), as a technology company, from the TSX Venture Exchange (“TSXV”).
2. Secondly, if the Company is successful in uplisting to the TSX, Loop ‘s intention to then begin the process of filing with the Securities and Exchange Commission of the United States (the “SEC”) to apply to be listed on the NASDAQ.UPLIST PLAN ENACTED IN ANTICIPATION OF COMPANY GROWTH IN 2021
2020 has seen extraordinary growth for the Company in terms of – most importantly – the growth of the Company’s sales pipeline. Though Loop cannot provide any assurances as to the success stemming from its current and growing sales pipeline, CEO Robert Anson is of the strong opinion that MTRX will continue to see increased demand in the marketplace for its AI data applications and product service as a result of the digital transformation driven by COVID-19. To this end, CEO Anson stated:
“As a result of our immutable relevancy, high demand for Loop’s products, pipeline growth, and ability to easily scale into a global marketplace that is in full press digital transformation, we expect a continued accelerated pace that now warrants an uplist and dual list strategy that will attract institutional investors commensurate with our anticipated profile in 2021 and far beyond.”
Watch our powerful interview with Loop Insights CEO Robert Anson.
Posted by AGORACOM-JC
at 8:17 AM on Monday, December 7th, 2020
Announced the approval by the Board of Directors of the Company’s intended plan to begin the process of uplisting to major North American Stock Exchanges.
Uplist Plan outlines Loop’s proposed plan to apply to have its common shares uplisted to the Toronto Stock Exchange, as a technology company, from the TSX Venture Exchange
Secondly, if the Company is successful in uplisting to the TSX, Loop intends to, as soon as practical, begin the process of filing a Form F-1 Registration Statement with the Securities and Exchange Commission of the United States, which will enable Loop to apply to be listed on the NASDAQ.
VANCOUVER, British Columbia, Dec. 07, 2020 — Loop Insights Inc. (MTRX:TSXV) (RACMF:OTCQB) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated venue tracing to the brick and mortar space, is pleased to announce the approval by the Board of Directors of the Company’s intended plan (“Uplist Plan”) to begin the process of uplisting to major North American Stock Exchanges.
The Uplist Plan outlines Loop’s proposed plan to apply to have its common shares uplisted to the Toronto Stock Exchange (“TSX”), as a technology company, from the TSX Venture Exchange (“TSXV”). Completion of the Uplist Plan is subject to meeting certain conditions, as well as the approval of the TSX. There is no assurance that the TSX will approve the listing application or that Loop will complete the Uplist Plan as proposed.
Secondly, if the Company is successful in uplisting to the TSX, Loop intends to, as soon as practical, begin the process of filing a Form F-1 Registration Statement with the Securities and Exchange Commission of the United States (the “SEC”), which will enable Loop to apply to be listed on the NASDAQ. In the opinion of the Board, legal counsel, and financial advisors, a NASDAQ listing application would be better served coming from a TSX listed company, as opposed to a direct application from the TSXV. Any such listing application is subject to meeting the stringent conditions of the SEC, as well as, the approval of the NASDAQ. There is no assurance that either the SEC or NASDAQ will approve the Company’s respective applications or that Loop will complete the listing to the NASDAQ as proposed. Loop may elect to not complete the uplist to the TSX or the NASDAQ for a variety of reasons, including, but not limited to, unfavourable market conditions, the additional regulatory and financial burden of being listed on the TSX or the NASDAQ, or other conditions affecting the business or operations of Loop.
UPLISTPLAN ENACTED IN ANTICIPATION OF COMPANY GROWTH IN 2021
2020 has seen extraordinary growth for the Company in terms of its technology stack, customer acquisitions, Tier-1 partnerships, technology deployments, and most importantly, the growth of the Company’s sales pipeline. Though Loop cannot provide any assurances as to the success stemming from its current and growing sales pipeline, we are of the strong opinion that we will continue to see increased demand in the marketplace for our AI data applications and product services. The digital transformation driven by COVID-19 has accelerated Loop’s products across all industries and channels. As a result, Loop is well-positioned to be a big winner in the global digital transformation opportunity, as we seek to develop the connective tissue that bridges all data worlds together in real-time.
The Company’s main goal from the outset was to be the first publicly-traded, Artificial Intelligence, data play that delivers the ability to connect and to provide real-time data applications across the big three channels; In-Store, E-Commerce, and M-Commerce. The Company has not only accomplished this goal in 2020, it has begun to commercialize and build a strong pipeline of Tier-1 global brands.
Loop Insights CEO Rob Anson stated, “As a result of our immutable relevancy, high demand for Loop’s products, pipeline growth, and ability to easily scale into a global marketplace that is in full press digital transformation, we expect a continued accelerated pace that now warrants an uplist and dual list strategy that will attract institutional investors commensurate with our anticipated profile in 2021 and far beyond.”
This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion And Management Engagement https://agoracom.com/ir/LoopInsights/forums/discussion
About Loop Insights
Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, venue tracing, and contactless solutions to the brick-and-mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network.
This news release contains certain statements which constitute forward-looking statements or information including, but not limited to, Loop’s anticipated decision, plans, and timing related to the potentialuplistingto theTSXand the NASDAQ, and Loop’s ability to meet TSX and/or NASDAQ listing requirements. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop’s control, including the impact of general economic conditions, industry conditions, and competition from other industry participants, stock market volatility, interruptions due to availability of parts, illness or quarantines, or delays in deliveries or new or expanded shutdowns and other economic changes related to the current or future civil unrest in certain regions globally or the COVID-19 pandemic, changes to the regulatory regimes currently applicable to Loop, or which may be applicable to Loop should it completeanuplistingto theTSXand/or the NASDAQ (which suchuplistingis not guaranteed and is wholly within the discretion of Loop to complete), and the ability to accesssufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated, or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity, or achievements. Furthermore, unanticipated changes to Loop’s capital structure, its inability to affect changes to its capital structure, if necessary, to meetuplistingrequirements on the TSX and/or the NASDAQ, a significant decline or volatility in Loop’s stock price, any changes to theTSXand/or NASDAQuplistingrequirements, or a decision by the TSX and/or NASDAQ to not approve Loop’s anticipated application to list could impact Loop’s decision or ability to seek suchuplisting. Accordingly, the reader should not place undue reliance on forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)acceptresponsibility for the adequacy or accuracy of this release.
The first goal of the Pilot, was for Loop to achieve exponential scale through a channel reseller distribution partnership for its Insights service with TELUS, which has now been achieved.
The second goal of the Pilot is a rollout of Loop’s Insights service to ALL TELUS corporate stores. That hasn’t happened yet but Loop has advised it will provide an update on this when it becomes available.
BUT THAT’S NOT ALL
Signing of the 2nd deal with TELUS has apparently started the Loop phone ringing off the hook, including continued discussions with other major telcos. Earlier this year, Loop reported it was speaking to 4 major telecom companies on both sides of the border.
Finally, with the Company’s #VegasBubble 100% delivered and executed, Loop CEO Robert Anson talks about the ripple effects of being the first company in the world to protect a major event.
Watch this great interview with Loop CEO Rob Anson.
Posted by AGORACOM-JC
at 7:16 AM on Thursday, December 3rd, 2020
Announced the launch of a second product into the Telus IoT Marketplace (T:TSX; TU:NYSE), which will serve to significantly expand Loop’s sales distribution channels on a national scale.
The Company’s first product accepted into the IoT Marketplace was our venue tracing service, which has received significant exposure to many of TELUS’s largest customers and significant ongoing discussions with them.
The third-party validation that came with this acceptance has been instrumental in Loop’s venue tracing discussions with large corporate customers worldwide.
VANCOUVER, British Columbia, Dec. 03, 2020 — Loop Insights Inc. (MTRX:TSXV; RACMF:OTCBQ) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated venue tracing to the brick and mortar space, is pleased to announce the launch of a second product into the Telus IoT Marketplace (T:TSX; TU:NYSE), which will serve to significantly expand Loop’s sales distribution channels on a national scale.
On October 15th, Loop announced the significant milestone of having been accepted into the TELUS IoT Marketplace . The Company’s first product accepted into the IoT Marketplace was our venue tracing service, which has received significant exposure to many of TELUS’s largest customers and significant ongoing discussions with them. The third-party validation that came with this acceptance has been instrumental in Loop’s venue tracing discussions with large corporate customers worldwide.
LOOP’S SECOND PRODUCT IS ITS INSIGHTS SERVICE AND ARTIFICIAL INTELLIGENCE INSIGHTS PORTAL USED IN PILOT ACROSS 3 TELUS FLAGSHIP RETAIL LOCATIONS
TELUS deployed Loop’s Insights service, which consists of our IoT Fobi device, Loop Cloud API, and AI Insights Portal to test and leverage its automated marketing capabilities. Connected between the printer and point of sale, Loop’s Fobi device’s real-time capabilities are driven by Artificial Intelligence to enhance the shopping experience. Providing data-driven product suggestions and unique discount codes for future use, Loop enables TELUS’s customers to increase revenues through increased spend per customer.
The first goal of the Pilot, assuming a successful completion, was for Loop to achieve exponential scale through a channel reseller distribution partnership for our Insights service with TELUS, which has now been achieved. This acceptance into the TELUS IoT Marketplace provides Loop with national sales and marketing exposure to TELUS business customers. As a result of this announcement, TELUS will generate creditable third-party validation and credibility for our go-to-market strategy.
Loop Insights CEO Rob Anson stated, “To be recognized by TELUS for our now second IoT product designation into their IoT Marketplace is of huge significance given the fact they are clearly one of the most advanced IoT solutions providers in the world. Their sales and marketing support will be invaluable in commercializing and distributing our technology to TELUS customers across Canada, as will their third party validation by providing us with even greater strength when speaking to potential IoT customers around the world.”
Andrew Turner, TELUS VP Strategic Operations stated, “At TELUS, we are always looking to deliver leading IoT solutions to our valued business customers. It is excellent to see early-stage Canadian companies such as Loop Insights succeeding. After first successfully launching Loops venue tracing and management service on the TELUS IoT Marketplace, we are excited to deliver their Insights service. Now with two Loop services on our TELUS IoT Marketplace, we are eager to see where we evolve from here.”
TELUS launched the TELUS IoT Marketplace to help Canadian businesses accelerate the adoption of Internet of Things (IoT) tech. The marketplace is designed to allow businesses to quickly deploy IoT solutions while acting as a lead generation and sales channel for developers. TELUS has also committed its sales and marketing teams to provide support.
Loop takes the guesswork out of decision making with its Insights service. Businesses receive real-time updates on how their company is performing online, on-premise, and between properties. Loop enables access to 100% of every transaction providing real-time insights and analytics, micro and macro buying trends, AI forecasting and modeling, third-party data integration, and inventory / supply chain management all with its plug-and-play setup that requires no IT integration. With Loop, businesses improve their operations, inventory management, and marketing because Loop’s ability to connect multiple data points brings value to data.
The second goal of the Pilot is a rollout of our Insights service to all TELUS corporate stores. Loop will provide an update on this when it becomes available.
The importance of this TELUS IoT Marketplace distribution channel to Loop is critical and timely, given the growth of IoT in Canada over just the next couple of years. IoT Investment in Canada alone is growing exponentially, which will require companies and organizations to make fast decisions with respect to solutions. Our TELUS recognition and acceptance will make it much easier for those decision-makers to chose Loop.
Nigel Wallis, Vice President, Internet of Things and Industries at IDC Canada stated, “In Canada alone, IDC anticipates that the total IoT market will grow To $21.8 billion in 2023. While organizations are investing in hardware, software, and services to support their IoT initiatives, their next challenge is finding solutions that help them manage, process, and analyze the data being generated from all these connected things.”
TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications and information technology company with $14.6 billion in annual revenue and 14.2 million customer connections spanning wireless, data, IP, voice, television, entertainment, video, and security. We leverage our global-leading technology to enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty. TELUS Health is Canada’s largest healthcare IT provider, and TELUS International delivers the most innovative business process solutions to some of the world’s most established brands.
Driven by our passionate social purpose to connect all Canadians for good, our deeply meaningful and enduring philosophy to give where we live has inspired our team members and retirees to contribute more than $700 million and 1.3 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism have made TELUS the most giving company in the world.
About Loop Insights
Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network.
This news release contains certain statements which constitute forward-looking statements or information. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop’s control, including the impact of general economic conditions, industry conditions, and competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Posted by AGORACOM-JC
at 4:24 PM on Tuesday, December 1st, 2020
Announced the appointment of Mr. Frank Carnevale as Chief Growth Officer.
Mr Carnevale is the former Chief Operating Officer of the Company, and is returning to focus on acquisitions, investments, organic growth strategies and execution to improve the overall value of the Company.
Mr. Carnevale will work closely with the CEO, Mr. Chris Hazelton, in delivering an aggressive growth program over the coming months.
Toronto, Ontario–(December 1, 2020) – Universal PropTech Inc. (TSXV: UPI) (“the Company”) is pleased to announce the appointment of Mr. Frank Carnevale as Chief Growth Officer.
Mr Carnevale is the former Chief Operating Officer of the Company, and is returning to focus on acquisitions, investments, organic growth strategies and execution to improve the overall value of the Company. Mr. Carnevale will work closely with the CEO, Mr. Chris Hazelton, in delivering an aggressive growth program over the coming months.
Mr. Carnevale is an award-winning CxO, industry thought leader, and has originated over $2.5 billion in energy transactions in regulated and unregulated energy service companies. He served as an Executive Board Member of the Energy Council of Canada from 2017 to 2019. He also served as a Board Member of the Council for Clean & Reliable Electricity, and the Ontario Energy Association.
“I see tremendous opportunities to improve the value of facilities by integrating proptech innovation with design, operations, and all in a very holistic customer-centric approach,” commented Frank Carnevale, Chief Growth Officer of Universal PropTech Inc.
“We are excited to have Frank back with us to aggressively grow our businesses,” stated Chris Hazelton, Chief Executive of Officer of Universal PropTech Inc. “He brings a unique perspective on how to take our share of the ongoing transformation in proptech and energy.”
About Universal PropTech Inc.
Universal PropTech Inc. (TSXV: UPI), conducts its operations through its wholly-owned subsidiary, VCI Controls Inc. (“VCI”), a leading supplier and integrator of proptech healthy building solutions and services. The Company is an industry leader in the development of intelligent building technology, including the integration of all building systems utilizing the latest in communications technologies and standards. VCI’s business focuses on digital controls and mechanical services, performance monitoring, and energy efficiency solutions.
With headquarters in Toronto, Universal PropTech has offices across Canada including, Halifax, Montreal, and Ottawa. For more information, visit www.universalproptech.com
Certain statements in this press release are forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Forward-looking statements, specifically those concerning future performance and other statements that are not historical fact, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange (the “Exchange”) and securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Trading in the securities of the Company should be considered highly speculative. All forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement.
Neither the Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Posted by AGORACOM-JC
at 7:32 AM on Tuesday, December 1st, 2020
Success of Venue Bubble Solution in Las Vegas Has Also Created Visibility and Opportunity for Loop Travel Bubble Solutions
Announced the successful execution of its “Venue Bubble” solution in two separate live environments hosting NCAA Division 1 basketball teams.
The Loop Insights Venue Bubble solution was 100% successful in containing the bubble.
Moreover, the system did not suffer any outages and user experiences proved to be as seamless as anticipated, leading to overall satisfaction levels surpassing participant expectations and even Loop’s loftiest internal expectations.
VANCOUVER, British Columbia, Dec. 01, 2020 — Loop Insights Inc. (MTRX:TSXV) (RACMF:OTCQB) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement and automated venue tracing to the brick and mortar space, is pleased to announce the successful execution of its “Venue Bubble” solution in two separate live environments hosting NCAA Division 1 basketball teams.
Loop Insights CEO Rob Anson stated, “There is simply no way to overstate the implications of our live environment Venue Bubble successes in Florida and Las Vegas over the past 10 days. With the whole world watching, including professional sports leagues and teams, college sports leagues and teams, world-renown venues and hospitality companies, Loop hit it out of the park and provided the world with the empirical data necessary to demonstrate our bubble solution is nothing short of world-class. To this end, we have already commenced significant discussions regarding the possibility of Loop protecting and helping to re-open some of North America’s largest sporting events in 2021.”
The #BeachBubble implementation represented the first-ever end-to-end COVID-19 venue solution in a live environment and a major industry milestone given the global demand for venue solutions from enterprise-level organizations around the world. It was naturally extended to #VegasBubble.
bdG Sports CEO, Brooks Downing stated, “We are very excited with the performance and success of both Fort Myers and the Las Vegas Bubbles. The Loop Insights platform provided a great level of security while providing a very user-friendly experience for our participants. We look forward to working alongside Loop in upcoming future events.”
DATA CONFIRMS 100% SUCCESS AT BOTH #BEACHBUBBLE AND #VEGASBUBBLE TOURNAMENTS
With the #BeachBubble tournament having commenced earlier, the following interim statistics from that specific event can be shared with the public, similarities to which are also being generated at #VegasBubble.
Total Locations – 14
Total Enrolled Users – 553
Total Check-Ins – 3,830
Contact Tracing Checks – 2 reports had to be generated for potential infected cases, with tests confirming both were negative.
Conclusion – The Loop Insights Venue Bubble solution was 100% successful in containing the bubble. Moreover, the system did not suffer any outages and user experiences proved to be as seamless as anticipated, leading to overall satisfaction levels surpassing participant expectations and even Loop’s loftiest internal expectations.
SUCCESS OF VENUE BUBBLES CREATES SIGNIFICANT VISIBILITY AND OPPORTUNITY FOR LOOP #TRAVELBUBBLE SOLUTION SUPPORTED BY APPLE AND GOOGLE WALLET
As the resort convention capital of the world, the #VegasBubble provided Loop with the best possible opportunity to showcase its #TravelBubble solution for the global hospitality and travel industry, the latter of which is set to lose $USD 3.3 Trillion as a result of COVID-19.
To this end, Loop has completed all development and applications for the successful launch of its #TravelBubble solution that is completely embedded into one simple user interface – supported by Apple and Google wallet. Specifically, Loop provides a digital Wallet to users and assigns a digital ID to each user for the highest levels of security. Travelers are then able to upload COVID-19 testing results, vaccination certificates, boarding passes, airline loyalty rewards or points, travel insurance, driver’s license, and payments in one interface.
LOOP IS FIRST TO MARKET WITH OPERATIONAL PLATFORM
This complete and ready to deploy solution has garnered greater attention, as a result of the Company’s Venue Bubble success, from large global players who are only beginning to build their solutions, such as IATA, aiming to launch a cross-border solution in the first quarter of 2021.
Loop not only is first to market with a complete operational platform built for deployment, it is also the first to successfully execute its solutions in a large, active, and live environment thanks to the success of the #BeachBubble and #VegasBubble.
This is critical given the fact airlines, who can no longer wait for governments to scale back blanket quarantines to re-build their businesses, have taken the lead to partner directly with hotels and destinations to launch their own private bubbles.
Rob Anson stated, “We are bringing a plug-and-play solution that can plug into any existing platform today. Recent high-level discussions within the airline industry confirm our advanced level of preparedness. Furthermore, we also meet the needs of the various travel bubbles and governments with public health officials looking to endorse the re-opening of economies, including the safe reopening of borders.”
As a result, Loop believes an exponential opportunity to license its entire platform or pieces of it to many potential clients such as IATA, Hotel Chains, Airlines, and Government.
LOOP TRAVEL BUBBLE SOLUTION SOLVES CURRENT QUARANTINE REQUIREMENTS THAT ARE SHUTTING DOWN INTERNATIONAL TRAVEL
As a result of the COVID-19 Pandemic, mandatory 14-day quarantine periods, and the lack of any travel bubble solutions that could reliably track and mitigate the global spread of the virus by plane or cruise ship, countries have been forced to take drastic measures that are leading to significant damage of the global travel industry.
Specifically, as of today, travel restrictions by country are as follows:
50 countries are completely closed
123 countries are partially open with MANDATORY quarantine upon arrival
With governments beginning to use rapid testing as a means of limiting the risks of COVID-19 importation when re-opening their borders to travelers without quarantine measures, Loop provides a means to ensure closed-loop COVID-19 testing and proof of vaccination is available for all international travelers, as well as, the information flow infrastructure needed to enable it.
Without a solution to replace the drastic travel measures currently in place around the world, the United Nations Conference on Trade and Development (UNCTAD) reported that COVID-19 may cost the world tourism sector losses of US$ 3.3 trillion.
In Canada alone, according to Statista, the Canadian tourism industry contributed close to $40 billion to the economy in 2019. This year, the COVID-19 pandemic has had devastating consequences for the industry.
This press release is available on the Loop Insights Verified Forum on AGORACOM for shareholder discussion, questions, and engagement with management https://agoracom.com/ir/LoopInsights
About Loop Insights : Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network.
This news release contains certain statements which constitute forward-looking statements or information. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop’s control, including the impact of general economic conditions, industry conditions, and competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
As the name implies “PropTech” is a combination of two words and stands for “property technology.” As simple as that is, the implementation and importance of PropTech is anything but.
Like every other industry on the planet that is incorporating technology to create greater efficiencies and experiences, the commercial real estate market is no different and is seeing the rapid adoption of;
Artificial Intelligence
Machine learning
Big data
Internet of Things (IoT Sensors)
Cloud computing
To create cost savings by reducing and even eliminating existing costs, create greater efficiencies for the operation and maintenance of real estate assets, as well as, improve the design of new builds.
IMPACT OF COVID-19
The COVID-19 pandemic has served to significantly increased the demand for PropTech in the commercial real estate market as follows:
The need for solutions to get workers back into workplace buildings and offices. Specifically, the need to identify bacteria and viruses in indoor air quality, as well as, the ability to sanitize immediately and effectively.
The need to create even greater cost savings and efficiencies for real estate owners that will continue suffering losses until workers significantly return to the workplace.
WHY UNIVERSAL PROPTECH (UPI:TSXV)?
Whereas many companies are just now trying to capitalize on the opportunities presented in the current and massive future of PropTech, Universal PropTech Inc. (“UPI”) a diversified investment platform delivering healthy building solutions and services for building developers, owners and operators in Canada. More than just lip service, UPI has been successfully delivering its PropTech solutions for years, with revenues over the last 3 years as follows:
2017 – $13.8M
2018 – $13.7M
2019 – $15.9M
Headquartered in Toronto, UPI has offices across Canada including Halifax,Montreal, and Ottawa.
COMPANY HIGHLIGHTS
Used in Federal Government facilities for over 40 years
Provides real estate managers turnkey HVAC Building Controls design, equipment, installation and ongoing operations and maintenance services for Industrial, Commercial, Institutional and Multi-residential customers
Already possesses under-utilized IP in building controls to add in additional monitoring inputs and equipment controls
Diverse revenue streams via products, installations and ongoing
Key strategic partnerships afford the ability to monitor real-time utility meters, key BAS and systems data in a building.
Team has the capability to make sense of this data and apply advanced web tools to make recommendations to fine tune a building, saving from 5% to 15% of a facilities energy spend without capital expenditure
VCI offers the depth and breadth of Building Automation Systems (BAS) knowledge and products from the likes of Siemens and Honeywell to support building automation systems
COVID-19 STRATEGY
As businesses return to the office, property managers must think about the design and safety of their buildings for occupants. Traditional cleaning methods are ineffective at preventing transmission. UV technology is able to sanitize all surfaces free from pathogens. UPI is capitalizing on this opportunity by building and acquiring UV technology as it is the best in the market to administer and integrate it into healthy buildings in Canada.
“Interest in Loop’s integrated contactless platform by NCAA Division I conferences, schools, and now events have been significant over the past couple of months as they desperately search for best of breed solutions that will allow them to safely restart operations and generate revenue. Being selected for the Vegas bubble is more validation and another major opportunity for Loop to showcase our contactless capabilities on a large-scale project with a global audience. With this agreement, it is fair to say that Loop continues to be the leader in live venue contactless technology.”
Fast forward to today and investors get a chance to see Anson on the floor of T-Mobile Arena answering shareholder questions and providing them with further insight into where the Company is going with its integrated contactless platform …. and he does it all while avoiding getting dunked on by the Washington Huskies Women’s Basketball Team who were practicing at the exact same time 🙂
If you missed the live version, don’t miss this on demand version.
Posted by AGORACOM-JC
at 5:39 PM on Monday, November 23rd, 2020
Loop Insights has become a global force in COVID-19 venue solutions. The company has progressed beyond contact tracing to provide a full working Venue Bubble solution by intelligently incorporating every element of safety and ecommerce, both of which are imperative for venues to be able to function. Given the response of a recent Amazon Web Services webinar and resulting conversations with Global hospitality companies, being able to provide this solution in a live environment will provide significant business opportunities for the company going forward.
Posted by AGORACOM-JC
at 8:58 AM on Monday, November 23rd, 2020
Partnership Will Build Upon Loop’s New “Venue Bubble” That Provides End-to-End Protection From Contract Tracing to Rapid COVID-19 Testing at Live Event Venues
Announced their new partnership with VenueNext, the global industry leader in point-of-sale (POS), mobile commerce and loyalty solutions for every major professional sports league and a number of colleges.
Loop Insights will work with VenueNext to integrate the POS leader’s mobile ordering and payment functionality with Loop’s Real Time Dashboard, which will provide their clients with key insights on fans visiting arenas and stadiums at both the professional and collegiate levels, as well as, universities, theme parks, and more.
Earlier this month , Loop Insights announced the implementation of its “Venue Bubble”, the industry’s first-ever, fully integrated contact tracing and rapid testing solution, at the Gulf Coast Showcase in Florida hosting 14 NCAA Division 1 men’s and women’s college basketball teams for the next month.
VANCOUVER, British Columbia, Nov. 23, 2020 — Loop Insights Inc. (MTRX:TSXV) (RACMF:OTCQB), a provider of contactless solutions and artificial intelligence to drive real-time insights, enhanced customer engagement and automated venue tracing to the brick and mortar space, is pleased to announce their new partnership with VenueNext, the global industry leader in point-of-sale (POS), mobile commerce and loyalty solutions for every major professional sports league and a number of colleges. Loop Insights will work with VenueNext to integrate the POS leader’s mobile ordering and payment functionality with Loop’s Real Time Dashboard, which will provide their clients with key insights on fans visiting arenas and stadiums at both the professional and collegiate levels, as well as, universities, theme parks, and more.
Earlier this month , Loop Insights announced the implementation of its “Venue Bubble”, the industry’s first-ever, fully integrated contact tracing and rapid testing solution, at the Gulf Coast Showcase in Florida hosting 14 NCAA Division 1 men’s and women’s college basketball teams for the next month.
Loop’s Venue Bubble will seamlessly integrate its rapid testing, tracking and tracing features with VenueNext’s contactless, friction-free mobile payment environment and fan engagement options in order to facilitate the safest possible reopening of professional and collegiate sports venues. As the partnership is now finalized, Loop and VenueNext anticipate these product integrations will produce meaningful impact in streamlining the live event experience for fans with increased insights for venues and event owners, ultimately leading to eventual long-term revenue growth.
Loop Insights CEO Rob Anson said , “This partnership will enable us to drive our real-time insights and comprehensive testing capabilities at scale with VenueNext’s impressive client roster. As we look to reintroduce fans to live events, their safety is paramount. VenueNext’s contactless mobile payment technology combined with our Venue Bubble offerings create that safe environment within the live event experience that is critical to reopening venues safely and responsibly.”
VenueNext CEO Anthony Perez added, “We pride ourselves on delivering the most innovative mobile commerce and POS technologies for fans to shop, order, and pay for everything from food & beverage to merchandise and services throughout venues. Now, thanks to our partnership with Loop, our clients will be empowered to create the safest live event environments possible for fans today by introducing rapid testing and contact tracing capabilities throughout their venues. Fans can enjoy the peace of mind in knowing that the latest advances in health and safety measures are being deployed on their behalf as the live event industry looks to reopen and bring a sense of normalcy and fun back into our daily lives.”
VenueNext was founded in 2014 with Levi’s® Stadium and the San Francisco 49ers and has since gone on to power mobile-first and frictionless commerce in more than one hundred arenas, stadiums, theme parks, universities, corporate cafes, and theaters across the globe, with clients ranging from SIDEARM Sports to the Florida Gators, and many more.
About VenueNext
VenueNext is a next-generation point-of-sale company transforming the way consumers shop, purchase, and pay. Their ecosystem of products combines physical and digital solutions to create a frictionless shopping experience, offering products such as point-of-sale solutions, online ordering, branded apps, and branded payments. VenueNext’s powerful platform makes commerce simple for consumers – and easy for brands to incentivize and reward their most valuable customers for their loyalty. VenueNext began in 2014 with Levi’s® Stadium and the San Francisco 49ers and has since gone on to power mobile-first, frictionless commerce in Arenas and Stadiums, Theme Parks, Universities, Corporate Cafes, Theaters, and Restaurants across the globe.
About Loop Insights
Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network.
This press release is available on the Loop Insights Verified Forum on AGORACOM for shareholder discussion, questions, and engagement with management https://agoracom.com/ir/LoopInsights .
Forward-Looking Statements/Information:
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