Posted by AGORACOM-JC
at 6:21 PM on Thursday, April 29th, 2021
What do you get when you combine the leading provider of artificial intelligence driven real-time data insights for brick and mortar retailers, with the global leader in consumer data analytics operating in 100 markets and covering 90% of the world’s population?
Earlier today Loop Insights $MTRX $RACMF and NielsenIQ made this joint announcement that can be summarized by the following excerpt:
“NielsenIQ’s market leading fast-moving consumer goods coverage and Loop’s transformative artificial intelligence solutions present opportunities for collaboration and business development across channels. Retailers will benefit from an enhanced understanding of consumer behavior, thereby boosting personalization, targeting and activation initiatives through the joint power of NielsenIQ and Loop.”
More than just lip service, NielsenIQ is the leader in providing the most complete, unbiased view of consumer behavior, globally. Powered by a ground-breaking consumer data platform and fueled by rich analytic capabilities, NielsenIQ enables decision-making for the world’s leading consumer goods companies and retailers. In short, NielsenIQ measures every consumer transaction to deliver the knowledge that every business needs to drive growth.
If you thought that was powerful, the combination of Loop Insights means that knowledge will be delivered in real-time, something NielsenIQ VP Richard Lee says doesn’t exist in the market today.
How big is this alliance to $MTRX? This quote from CEO Rob Anson says it all:
“The scope, gravity and validation of this agreement with NielsenIQ represent an incredible milestone for Loop and its shareholders. NielsenIQ is the global leader when it comes to measurement and data analytics, as well as providing the most complete and trusted view of the market for leading CPG brands and retailers. In establishing this alliance, Loop is now on a path to achieve global enterprise scale, and has firmly put a stake in the ground as an emerging disruptive player in the world of retail data aggregation and analytics.”
Watch this powerful interview with NielsenIQ VP of Strategic Alliances, Richard Lee and Loop Insights CEO, Rob Anson to learn how they plan to transform the retail sector.
Posted by AGORACOM-JC
at 4:23 PM on Tuesday, April 20th, 2021
Carl Data Solutions is at the nexus of what Deloitte Global calls “The Big Four” of Industry 4.0 technologies: Internet of Things (IoT), Artificial Intelligence (AI), Cloud Infrastructure, and Big data / Analytics.
We sat with Jean-Charles Phaneuf, who joined CRL as CEO in January, to discuss the wildly successful last 90 days, recent partnerships and new entry into renewable energy, and the future of industrial infrastructure. Check out the interview below.
Posted by AGORACOM-JC
at 8:30 AM on Friday, April 16th, 2021
Announce the receipt of TSXV approval and completion, on April 14, 2021, of the acquisition of mediahelden GmbH d/b/a/ Passcreator by Loop.
Due to rounding, the number of common shares of Loop issued as consideration was revised to 1,301,425, all other consideration paid as set out in the prior news release remains the same.
VANCOUVER, British Columbia, April 16, 2021 — Further to the Company’s press release dated March 29, 2021, Loop Insights Inc. (TSXV: MTRX; OTCQB: RACMF) (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 receipt of TSXV approval and completion, on April 14, 2021, of the acquisition of mediahelden GmbH d/b/a/ Passcreator by Loop. Due to rounding, the number of common shares of Loop issued as consideration was revised to 1,301,425, all other consideration paid as set out in the prior news release remains the same.
About Passcreator
Passcreator is a German wallet pass software company that offers clients a software as a service solution for mobile marketing. Compatible with wallet apps on both iOS and Android, Passcreator seamlessly integrates with existing marketing platforms, as well as supports the creation of new ones. Furthermore, Passcreator is fully GDPR compliant and highly scalable. This solution is suitable for companies of all sizes.
About Loop
Loop 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 and sold through the TELUS IoT Marketplace.
Posted by AGORACOM-JC
at 6:20 PM on Thursday, April 15th, 2021
Announces that at March 31, 2021, its unaudited net asset value per share (“NAV”) was $1.25.
TORONTO, April 15, 2021 — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQB:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that at March 31, 2021, its unaudited net asset value per share (“NAV”) was $1.25.
This announcement is made based on ThreeD’s newly established practice of releasing NAV on a monthly basis as part of the Company’s ongoing response to shareholder interest in receiving periodic information. NAV is calculated based on unaudited month-end financial information.
Use of Non-GAAP Financial Measures:
This press release contains references to NAV or “net asset value per share” which is a non-GAAP financial measure. NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP financial measure presented in ThreeD’s consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that the measure provides information useful to its shareholders in understanding the Company’s performance, and may assist in the evaluation of the Company’s business relative to that of its peers. This data is furnished to provide additional information and does not have any standardized meaning prescribed by GAAP. Accordingly, it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP, and is not necessarily indicative of other metrics presented in accordance with GAAP. Existing NAV of the Company is not necessarily predictive of the Company’s future performance or the NAV of the Company as at any future date.
About ThreeD Capital Inc.
ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.
For further information: Lynn Chapman, CPA, CA Chief Financial Officer and Corporate Secretary [email protected] Phone: 416-941-8900
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Forward-Looking Statements
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws including, without limitation, statements with respect to the future disclosure of NAV by the Company and the approximate timing thereof. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur including, without limitation, risks relating to the timing and content of future public disclosures by the Company or related to the fact that the term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies and may not be indicative of NAV for any future periods. Although the Company believes that the expectations reflected in the forward looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause the Company’s actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
Posted by AGORACOM
at 12:10 PM on Wednesday, April 14th, 2021
CRL achieved an oversubscribed private placement, recruited a fresh core executive team, and announcing significant corporate partners
“The last 90 days has been like training for a marathon,” said Jean-Charles Phaneuf, who came on board as CEO on January 12, 2021.
VANCOUVER, BC, April 14, 2021 /CNW/ – After achieving an oversubscribed private placement with a new strategic set of investors, recruiting a fresh core executive team and announcing significant corporate partners, Carl Data Solutions Inc. (CSE: CRL) (FSE: 7C5) (OTC: CDTAF) (“Carl Data Solutions”) is poised for global growth as a leading developer of Big-Data-as-a-Service (“BDaaS”) and Industrial Internet of Things (“IIoT”) solutions.
Carl Data Solutions is at the nexus of what Deloitte Global calls “The Big Four” of Industry 4.0 technologies: Internet of Things, Artificial Intelligence, Big Data/Analytics and Cloud Infrastructure. It provides industry and government customers with solutions that collect, cleanse, organize, store and analyze time-series data in mission-critical applications like Environmental Monitoring as a Service (“EMaaS”). Mastering this data allows those customers to not only avoid costly downtime in their large-scale operations, but also to take advantage of predictive and prescriptive analytics on processes or forecasted events to optimize outcomes or mitigate risks.
“The last 90 days has been like training for a marathon,” said Jean-Charles Phaneuf, who came on board as CEO on January 12, 2021. “We announced an oversubscribed Private Placement of $5,601,288, a $2,000,000 Line of Credit, $250,000 in Convertible Debentures, and converted $1,491,000 of corporate debt. Then we hired new senior executives in business development, corporate marketing, technical operations, and product management.”
Carl Data Solutions also signed partnership agreements with two other industry leaders since Mr. Phaneuf took the helm in January:
Smart IoT Technologies Inc.: a strategic partnership to provide high-quality sensors used in conjunction with Carl Data Solutions’ existing IIoT technology to provide EMaaS to new and existing customers.
Think Quality Assurance Services Inc. (“Think-QA”): a strategic partnership to expand Carl Data Solutions’ role in the Renewable Energy sector by providing value-added services to Think-QA’s existing solar and wind farm customers. Carl Data Solutions will be providing machine learning with predictive and prescriptive analytics to reduce maintenance costs and maximize electricity production.
“Now we’re ready to run at peak performance,” stated Mr. Phaneuf. Carl Data Solutions is positioned to drive future growth based on three key goals:
Increase the use of Carl Data Solutions’ Machine Learning and Artificial Intelligence capabilities within current products and services. The aim is to increase cross sell and upsell opportunities with existing market segments comprised of Water, Sewage, Solid Waste Management and EMaaS.
Expand current solutions to Smart Cities by selecting early adopters of Internet of Things (IoT), time-series data, Machine Learning and Artificial Intelligence. Leverage Carl Data Solutions’ current customer base of over 100 cities to attain this goal.
Expand current solutions to new Smart Connected Spaces by building strategic partnerships in the IIoT sector.
Phaneuf emphasized that all new market opportunities for Carl Data Solutions will undergo a disciplined evaluation process that ensures maximum profitability.
“I’m very pleased to report that after 90 days, we are on track and aligned with the growth plan we laid out,” he stated. “In essence, our short-term objective was to implement the Carl Data Solutions cornerstones: finance, people, partners and processes that we can build upon. Going forward, we can focus on growth, create advanced solutions for our customers and enhanced value for our shareholders.”
Posted by AGORACOM-JC
at 8:41 AM on Wednesday, April 14th, 2021
Forecourt operators to get access to real-time data from any point-of-sale through Loop’s IoT device
Announces a new Proof of Concept (PoC) with Suresite Group
The cooperation will see selected Suresite retail locations take advantage of Loop’s IoT Fobi device and Insights platform
LONDON and VANCOUVER, British Columbia, April 14, 2021 — Loop Insights (MTRX:TSXV; RACMF:OTCQB), a provider of contactless solutions and artificial intelligence for the brick and mortar space, announces a new Proof of Concept (PoC) with Suresite Group. The cooperation will see selected Suresite retail locations take advantage of Loop’s IoT Fobi device and Insights platform.
Loop Insights is growing its UK retail presence
According to KPMG , the UK’s forecourt or gas station convenience store sector generates approximately £4.5 billion in annual revenue. Loop’s latest agreement with Suresite represents its entry into the UK’s retail energy sectors, as part of wider business development efforts in the UK.
The changing trends of forecourt retail
Suresite ’s UK data of card payment transactions and spend show that in the last 12 months, there has been less demand for fuel with people unable to travel due to local and national lockdowns. Yet these travel restrictions have also led to a growth in non-fuel retail with customers choosing to carry out their grocery shopping locally at nearby fuel stations, looking to fulfil multiple purposes in a single trip with an increased appetite for cashless transactions. With the constantly changing trends and challenges brought by the pandemic, data insights are now more important for forecourt retail than ever.
Loop’s Fobi is an IoT device working with an AI-powered retail analytics platform that allows retailers unprecedented access to real-time transaction data from any point-of-sale (POS) – online, in-store, and across multiple properties.
During the PoC, Loop Insights will implement its Fobi device and Insights AI-powered analytics platform across numerous Suresite client locations. This will provide Suresite, and more importantly, its clients who operate leading fuel and convenience brands, with powerful, actionable data capabilities needed to deliver informed loyalty experience and drive operational efficiencies. Suresite’s forecourt client market currently includes major brands such as Harvest Energy, Gulf, Jet, and others.
“ Through services such as our real-time, data-driven fuel monitoring solution, Suresite understands that retailers need data to be delivered in real-time to be able to maximise revenue and wallet-share. For the retailer, it’s about understanding the shopping basket breakdown item by item, who made the purchase, and how. Or having the ability to see how a special promotion is performing in real time so adjustments can be made if needed. This is why Suresite has partnered with Loop Insights, to help our clients improve their business decisions based on real-time, actionable insights,” explains Eva Jones, Head of Product Development and Innovation at Suresite.
Loop Insights CEO Rob Anson stated: “Our latest Proof of Concept agreement with Suresite is additional proof that our Fobi device combined with our AI-powered Insights platform serves an immediate, data driven need in the convenience and fuel sectors. Recent announcements with Sobeys in grocery, and now Suresite in convenience and fuel – two of the largest retail sectors in the world – serve notice that Loop and its solutions are fit-for-purpose in today’s data-first world. We anticipate this PoC will be another massive success for both Loop and Suresite as we continue to demonstrate the power of Loop’s Insights platform no matter the industry or country.”
Suresite CEO Steve Hoban added: “We understand the power of insight to help our clients improve their offer, sales and profit. We are excited to partner with Loop and are looking forward to the results of our trials. Our aim is to continue to add value to our clients and be able to enrich our data to provide them with insights that help them grow.”
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 Suresite Group Established over 25 years ago, Suresite Group provides a range of business critical operational services for Fuel and Convenience Retailers. Suresite market leading Payment and data solutions, Wetstock management, Training and Health & Safety compliance help over 3,000 stores across the UK run businesses more effectively. Suresite Group customers and partners include Barclays, Worldpay, Timico, Feefo, American Express, Sponge, Greenergy, Cost Cutter, Jet, and others.
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 that constitute forward-looking statements or information, including statements regarding Loop’s business and technology; the ability of Loop to engage with industry participants to achieve its goals; the development of Loop’s technology; and the viability of Loop’s business model. 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, 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) accept responsibility for the adequacy or accuracy of this release.
Posted by AGORACOM-JC
at 2:44 PM on Tuesday, April 13th, 2021
Predictmedix is an Artificial Intelligence company that has developed fast, non-invasive, contactless screening devices that detect infectious diseases, impairment and even mental illness at any location where mass amounts of people gather, such as:
Hospitals
Stadiums
Airports
Malls
Government Buildings
Office Complexes
These screeners are fully automated and intelligent, so they don’t need personnel to operate them. They determine the probability of a person being infected with illnesses such as COVID-19, so safety protocols can be initiated.
Earlier this month, the AI firm penned a major strategic partnership with Juiceworks and Connectus Global to deploy its Safe Entry Stations nationwide.
That news came during an increasingly busy time for $PMED, which has included:
An LOI to acquire AI-powered tech firm Symp2Pass
The engagement of investment banking firm Kingswood Capital Markets in preparation for NASDAQ listing
Major partnerships
Strategic financing developments
You’re going to want to get comfy for this chat with Predictmedix COO & Director Rahul Kushwah:
Posted by AGORACOM-JC
at 8:00 AM on Wednesday, April 7th, 2021
Announced the Company has completed its integration to Vend’s Billing API, providing Vend retailers with seamless onboarding to Loop’s multi-domain, franchise compliance, and historical reporting solutions
VANCOUVER, British Columbia, April 07, 2021 — 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 and enhanced customer engagement to the brick and mortar space, is pleased to announce the Company has completed its integration to Vend’s Billing API, providing Vend retailers with seamless onboarding to Loop’s multi-domain, franchise compliance, and historical reporting solutions.
Loop Insights First to Integrate with Vend’s Billing API, Providing a Seamless Onboarding Option for Vend’s Global Client List of over 20,000 Customer Locations Worldwide
Vend Director of Product Partnerships Lowry Gladwell stated: “The completion of Loop’s integration with the Vend Billing API is an example of how Vend works closely with partners to deliver value for our retailers. It has been great to see Loop’s enthusiasm for the project and we’re thrilled that our Vend retailers can now onboard clients to benefit from Loop’s products and services faster than ever before, giving them easier access to the multi-domain, franchise and historical reporting that Loop offers. Additionally, our announced acquisition by Lightspeed, which is expected to close towards the end of April, will allow Vend and Loop to reach new clients, with a particular focus on expansion in Asia-Pacific. I look forward to connecting Vend’s expanding customer base with Loop’s amazing solution stack.”
Loop Insights CEO Rob Anson stated: “Vend’s support of Loop’s integration to their Billing API speaks volumes about its confidence in Loop and our retail solutions. With the development of our Billing API integration now complete, both Loop and Vend are positioned to generate new sales opportunities through this successful partnership. Loop’s retail Insights service can now be onboarded to over 20,000 Vend customer locations, with the ability to scale to support Lightspeed’s 135,000 worldwide locations through Lightspeed’s recent acquisition of Vend. This API integration represents a massive revenue-generating opportunity for Loop, Vend, Lightspeed, and their many customers.”
Loop Insights is the first company to complete a full billing API integration with Vend, reflecting Vend’s confidence in Loop’s products and their ability to deliver value to Vend’s clients. Vend has introduced Loop to all of their customers worldwide through their digital customer newsletter and some Vend customers have already begun the onboarding process with Loop. Vend is now expected to launch expanded sales and marketing campaigns in support of Loop and its API integration, explaining the benefits of Loop’s products and services to Vend’s growing customer list.
With Loop’s Insights, Engage, and Wallet pass platform all gaining interest from brands and retailers across the world, Vend will now be able to offer a simple onboarding process for retailers, drastically reducing the time required to integrate a new client and deploy Loop’s products and services.
On March 11th , Vend Director of Product Partnerships Lowry Gladwell joined the ‘Loop Experience’ podcast to discuss the benefits of Loop’s integration with the Vend API, particularly for franchisors looking to integrate multiple locations. Listen to the full episode here or read the full interview transcript here .
API Integration Will Accelerate Loop’s Growth in the $23-trillion Global Retail Market with Access to Over 155,000 Global Retail Clients
Loop Insights’ integration with the Vend Billing API will allow Loop to more rapidly onboard Vend’s growing client list in the $23-trillion global retail market .
On March 11th , Lightspeed POS Inc. (NYSE:LSPD) (TSX:LSPD), a leading provider of cloud-based, omnichannel commerce platforms, announced it had entered into a definitive agreement to acquire Vend. The acquisition will greatly expand Lightspeed’s existing foothold in Asia-Pacific, approximately doubling its existing customer base in that region.
The combination of Lightspeed’s scale with the talent and technology available to Vend, including Loop Insights’ products and services, is expected to greatly benefit Lightspeed and its massive customer base. Following the closing of the acquisition, Lightspeed will operate as the preferred technology provider for over 155,000 existing customer locations worldwide.
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 Vend Vend is a cloud-based point-of-sale and retail management software that lets retailers run their business in-store, online, and on-the-go. Vend includes inventory management, eCommerce integrations, customer loyalty, and reporting analytics tools. The first POS built for iOS, Vend is trusted by retailers in over 140 countries and is used in more than 20,000 customer locations worldwide. Vend integrates with leading tools like Bigcommerce, Quickbooks and Marsello and provides seamless integrated payment options by partnering with major banks and processors around the world. Founded in 2010, Vend has offices in Auckland, London, Toronto and Melbourne, and has raised more than $50 million from top-tier investors. For more information, please visit: https://www.vendhq.com/
About Loop Insights Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative automated marketing and contactless payment solutions built on artificial intelligence (“AI”) 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.
Posted by AGORACOM-JC
at 8:16 AM on Monday, April 5th, 2021
Announced the Company has joined the Sovrin Foundation, an open-source, open-standards technology platform for digital identity.
Built on a public blockchain, the Sovrin Ledger protects personal information while giving control of personal data back to the individuals.
Loop joins over 70 leading tech organizations around the world including Cisco, T-Mobile and NEC that have committed computing power and resources to strengthen the Sovrin Network.
VANCOUVER, British Columbia, April 05, 2021 — 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 and enhanced customer engagement to the brick and mortar space, is pleased to announce the Company has joined the Sovrin Foundation, an open-source, open-standards technology platform for digital identity. Built on a public blockchain, the Sovrin Ledger protects personal information while giving control of personal data back to the individuals. Loop joins over 70 leading tech organizations around the world including Cisco, T-Mobile and NEC that have committed computing power and resources to strengthen the Sovrin Network.
INTEGRATION WITH SOVRIN FOUNDATION WILL ENHANCE LOOP’S WALLET PASS THROUGH IMPROVED SECURITY, PRIVACY, AND INTEROPERABILITY WITH MAJOR TECH LEADERS
Loop Insights currently issues credentials through the native mobile wallet that is embedded in Apple iOS and Google Android smartphones, which has been leveraged by Passcreator to offer a secure and easy-to-use platform. However, this data can be difficult for third parties to verify.
On January 12, 2021 Loop Insights finalized its acquisition of Passcreator to provide Loop with complete control over Passcreator and its wallet pass platform. By joining the Sovrin Foundation, the credentials that Loop Insights issues can be fully verified by any third party, allowing organizations to check them against Sovrin’s independent public blockchain. This integration is expected to greatly enhance the existing security and privacy of personal information that is encrypted and secured on Loop’s wallet pass platform, originally created by Passcreator.
By validating our issuance and data on the public Sovrin Ledger, Loop will greatly expand the interoperability of its mobile wallet passes, which can now be validated by any organization or individual. The security of the Sovrin Ledger will also enable users to share individual pieces of information with third parties without revealing their entire personal identity.
As Loop Insights is a data company that is fully committed to improving the security and integrity of personal information, it has become clear that public blockchain technologies will be critical to the security and privacy of personal information moving forward. Loop Insights is excited to be driving this shift together with Sovrin and the many organizations dedicated to enhancing the security, functionality, and customer experience of mobile wallet passes.
Loop Insights’ goal is to architect and launch a platform that provides seamless interoperable data connectivity for physical venue and retail operators. With the addition of supportive blockchain verification, the Company is now able to issue verified digital wallet credentials through the native wallet in each and every smartphone.
As countries look to reopen the economy and to provide transformative future-proofed solutions, Loop Insights is working to provide a seamless, secure, and simple user experience through its Wallet pass platform. The Company has recognized the overwhelming number of third-party applications on the market today and therefore anticipates the native wallets found on Apple and Google smartphones will become dominant platforms.
Chris Raczkowski, Chair of the Sovrin Foundation Board of Trustees stated: “The Sovrin Foundation is very excited to welcome Loop Insights as the newest Steward of the Sovrin Ledger. The innovative Loop Insights team will strengthen the Sovrin network moving forward as we continue to offer secure and privacy-preserving digital identities for all.”
