Posted by AGORACOM-JC
at 8:22 AM on Thursday, February 4th, 2021
Under the pilot agreement, Loop and Maplin intend to pursue joint marketing and revenue sharing opportunities through SaaS and ARPU (Average Revenue Per User) models
Announced the launch of a Pilot agreement with Maplin Electronics, the UK’s leading online electronics retailer, to implement Loop’s real-time artificial intelligence analytics platform.
Loop Insights CEO, Rob Anson, stated, “This opportunity with Maplin represents our first enterprise eCommerce retailer, providing Loop with a tremendous opportunity to demonstrate the power of our real-time, artificial intelligence-driven engagement to online customers….”
VANCOUVER, British Columbia, Feb. 04, 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, enhanced customer engagement, and automated venue tracing to the brick and mortar space, is pleased to announce the launch of a Pilot agreement with Maplin Electronics, the UK’s leading online electronics retailer, to implement Loop’s real-time artificial intelligence analytics platform.
Loop Insights CEO, Rob Anson, stated, “This opportunity with Maplin represents our first enterprise eCommerce retailer, providing Loop with a tremendous opportunity to demonstrate the power of our real-time, artificial intelligence-driven engagement to online customers. Loop will deliver operational efficiencies for Maplin by providing real-time intelligence focused on supply chain and demand analysis, as well as inventory and fulfillment analytics, enabling us to showcase our AI forecasting tools. I have every reason to believe the pilot will be a great success for Maplin and open up the door to further lucrative global enterprise eCommerce opportunities.”
Agreement with Maplin Represents Loop’s Continued Expansion Into UK’s Retail Industry, Including Brick and Mortar and Now Ecommerce
Under the terms of the agreement, Loop will deploy its Insights platform consisting of the Company’s web-based portal, analytics dashboard, and AI-driven retail insights. Maplin will also provide Loop with access to web traffic data from its eCommerce platform, allowing the Company to create a unified picture of Maplin’s retail business in the digital world, thus creating new opportunities for increased revenues, consumer engagement, and data monetization.
Upon successful completion of the Pilot, it is the intention of both parties to implement Loop’s artificial intelligence-driven analytics platform for both Maplin and all of its suppliers including major electronics brands such as Sony, Panasonic, and Samsung.
Maplin Managing Director, Ollie Marshall, stated, “The signing of this agreement with Loop Insights is the first step towards enhancing our retail capabilities as Maplin looks to optimize its eCommerce operations. As a company that is 100% online, we are dedicated to remaining true to our consumer-focused brand, offering quality electronic products for consumers across Europe. Loop’s AI-driven retail insights add a new dimension to Maplin’s operations that will greatly optimize our operations and improve our overall customer experience.”
Insights Revenue Model Provides Potential For Recurring Annual Revenue Streams, Including Annual SaaS Licenses and ARPU (Average Revenue Per User) Fees
In previous press releases announcing new and completed successful pilots, Loop has provided shareholders with details pertaining to its pricing models for greater transparency. Each of those models pertained to physical chain locations with numerous tills per location.
The nature of this eCommerce Pilot Agreement does not include tills. As such, Loop expects to generate revenue through ongoing SaaS and ARPU (Average revenue per user) fees in addition to data analysis that will provide both Maplin and suppliers with an improved understanding of consumer trends. In addition, when the Company’s automated marketing “Engage” service and wallet pass loyalty applications are layered in, these numbers quickly multiply by 5-10x and provide the company with an even more significant potential revenue stream.
Finally, both Loop and Maplin intend to pursue additional monetization opportunities on a revenue-sharing basis using Loop’s brand segmentation capabilities. Maplin and Loop expect to also generate revenues through combined data sharing opportunities with Maplin suppliers and brands seeking retail insights data that can be leveraged for targeted omnichannel advertising. Under the Maplin model, these targeted marketing opportunities are expected to drive sales of niche and seasonal goods based on the optimization of trends and consumer data.
Tags: artificial intelligence, Big data, covid19, Covid19 tracing, CSE, Fobi, Maplin Posted in Loop Insights Inc. | Comments Off on Loop Insights $MTRX $RACMF Enters Into First Pure Ecommerce Pilot With UK’s Leading Online Electronics Retailer, #Maplin, For Real-Time Artificial Intelligence-Driven Engagement With Customers $AT.ca $QTRH.ca $SNSR $BSQR $PTS.ca
Posted by AGORACOM-JC
at 7:42 AM on Thursday, January 28th, 2021
Announced the Company has appointed Tamer Shafik, former Director of Solution Architecture at NTT DATA Corp of Japan (TYO:9613), as its Chief Technology Officer, effective February 8th.
Loop Insights CEO Rob Anson stated: “I am extremely proud that Tamer recognized the opportunity and had the confidence to make the decision to walk away from the comfort and security of his current role at a global leader in NTT Data. Tamer’s decision to join Loop as our CTO truly speaks volumes about where we are headed as a company. Having an established and proven world-class talent capable of driving our technology at a truly global commercialized scale gives me incredible confidence.”
VANCOUVER, British Columbia, Jan. 28, 2021 — Loop Insights Inc. (MTRX:TSXV 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 contact tracing to the brick and mortar space, is pleased to announce the Company has appointed Tamer Shafik, former Director of Solution Architecture at NTT DATA Corp of Japan (TYO:9613), as its Chief Technology Officer, effective February 8th.
Loop Insights CEO Rob Anson stated: “I am extremely proud that Tamer recognized the opportunity and had the confidence to make the decision to walk away from the comfort and security of his current role at a global leader in NTT Data. Tamer’s decision to join Loop as our CTO truly speaks volumes about where we are headed as a company. Having an established and proven world-class talent capable of driving our technology at a truly global commercialized scale gives me incredible confidence.”
Shafik Joins Loop Insights From NTT Data As a Result of a Flourishing Partnership Between the Two Companies
On December 17th, Loop Insights first announced a partnership with NTT DATA Corp of Japan (TYO:9613) with the goal of creating new recurring revenue streams for both companies, including the integration of Loop’s automated marketing capabilities with NTT Data’s NTT Smart Platform. The partnership between Loop and NTT Data has been beneficial for both parties and led directly to Shafik’s decision to join Loop Insights.
Most recently, Shafik spent 3 years as the Director of Solution Architecture at NTT Data, the world’s eighth-largest software company with a market cap of over US$20-billion, where he excelled as a digital transformation expert.
Shafik brings over 20 years of experience working in IT and eCommerce to the Loop Insights team, including 5 years spent working with leading Canadian multinational information technology consulting and systems integration company, CGI. As a digital transformation expert, Shafik has been instrumental in leading a number of established clients to update their digital infrastructure to keep pace with modern technology.
Posted by AGORACOM-JC
at 7:43 AM on Tuesday, January 26th, 2021
Partnered with Empower Clinics to establish the Re-open Vancouver coalition with the goal of obtaining an approved end-to-end COVID-19 mitigation solution that can be presented to local, Provincial and Federal Government authorities on behalf of local stakeholders to help in the re-opening of Vancouver’s travel and tourism industry, including Vancouver’s cruise industry.
Will lead a coalition to deploy the necessary infrastructure needed to enable the economic recovery of the local Vancouver economy.
Under the leadership of Loop and Empower, the Re-open Vancouver coalition will focus on a science and data-driven approach to delivering an integrated end-to-end solution worthy of re-opening Vancouver’s robust tourism industry, including its convention center and cruise ship industry.
According to Your Canada , Vancouver’s tourism industry generates approximately 15 million unique visitors per year.
VANCOUVER, British Columbia, Jan. 26, 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 management solutions to physical brick and mortar operators, is pleased to announce the Company has partnered with Empower Clinics to establish the Re-open Vancouver coalition with the goal of obtaining an approved end-to-end COVID-19 mitigation solution that can be presented to local, Provincial and Federal Government authorities on behalf of local stakeholders to help in the re-opening of Vancouver’s travel and tourism industry, including Vancouver’s cruise industry.
Loop Insights and Empower Clinics will lead a coalition to deploy the necessary infrastructure needed to enable the economic recovery of the local Vancouver economy. Under the leadership of Loop and Empower, the Re-open Vancouver coalition will focus on a science and data-driven approach to delivering an integrated end-to-end solution worthy of re-opening Vancouver’s robust tourism industry, including its convention center and cruise ship industry. According to Your Canada , Vancouver’s tourism industry generates approximately 15 million unique visitors per year.
Following the Canadian federal government’s announcement that all international travelers will be required to provide proof of a negative COVID-19 test in order to enter the country, Loop and Empower feel the two companies are uniquely positioned to provide a combined solution in the form of a digital Wallet pass with bank-level security and privacy that can be offered to travelers visiting Vancouver.
Steven McAuley, Chairman, and CEO of Empower stated “Benefiting from the leadership of two local Vancouver public companies, with the support of significant private and public sector participants, Re-open Vancouver is confident it will demonstrate how crucial our efforts are to the economy of the City of Vancouver, the Province of B.C. and Canada. In partnership with Loop Insights, we have market-proven tools, services, testing products, and healthcare infrastructure to make this happen now.”
Tourism Industry Facing $3.3 Trillion In Global Losses Due to Closures
According to the United Nations Conference on Trade and Development (UNCTAD), the tourism industry stands to lose up to $3.3 trillion in revenue due to closures if the industry is to remain shuttered for a year. In an effort to prevent these losses, Loop Insights will continue to work with Empower to deploy its integrated venue management platform to protect industries in need of robust safety and security protocols. To date, the Re-open Vancouver Coalition has entered into conversations with leading stakeholders in the tourism, travel, and hospitality industries.
Loop Insights CEO Rob Anson stated: “Many key provincial stakeholders in the travel, tourism, and hospitality sector have recently reached out as a result of our most recent successes deploying Loop’s venue management platform. Operators are in desperate need of a seamless and transformative solution that kickstarts the economic recovery process. Along with Empower Clinics, we will look to work with industries’ best of breed partners to deliver a unified solution that ensures best practice considerations in regards to the health, safety, and wellbeing of local residents and tourists alike.“
Loop Insights first partnered with Empower Clinics in October 2020 to provide an end-to-end COVID-19 mitigation solution complete with venue tracing, real-time automated guest exposure notifications, and testing procedures based on published guidelines.
Posted by AGORACOM-JC
at 7:47 AM on Friday, January 22nd, 2021
Company has been selected by bdG Sports to provide its complete venue management platform to the Paiute Las Vegas Championship, a Korn Ferry Tour event, which will be played April 12-18, 2021 at the Las Vegas Paiute Golf Resort.
Korn Ferry Tour is the developmental tour for the U.S.-based PGA Tour and features professional golfers who have either not yet reached the PGA Tour, or who have done so but then failed to win enough FedEx Cup points to stay at that level
VANCOUVER, British Columbia, Jan. 22, 2021 — Loop Insights Inc. (MTRX:TSXV 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 Company has been selected by bdG Sports to provide its complete venue management platform to the Paiute Las Vegas Championship, a Korn Ferry Tour event, which will be played April 12-18, 2021 at the Las Vegas Paiute Golf Resort.
KORN FERRY FEATURES OVER 20 TOURNAMENTS IN 2021 AS DEVELOPMENT TOUR FOR PGA TOUR
The Korn Ferry Tour is the developmental tour for the U.S.-based PGA Tour and features professional golfers who have either not yet reached the PGA Tour, or who have done so but then failed to win enough FedEx Cup points to stay at that level. Since the 2013 season, the Korn Ferry Tour has been the primary pathway for those seeking to earn their PGA Tour card.
The tournament will have a full field of 156 players who will compete for a $600,000 purse. More importantly, participants will be competing in a season-long points race with the Top 25 finishers of the regular season earning PGA TOUR cards for the 2021-22 season. Local members of the Tour include Harry Hall, David Lipsky, Taylor Montgomery, and John Oda.
The implementation of Loop’s venue management platform at the Paiute Las Vegas Championship is another significant vote of confidence from the professional sports world following the successful deployment of our venue management platform at multiple live events.
Posted by AGORACOM-JC
at 7:52 AM on Tuesday, January 19th, 2021
Loop Customers and Enterprise Clients Keep Pace With Fortune 500 Shift In Digital Currencies
Announced the final integration of major cryptocurrency payments into the Company’s contactless payment platform. Initial integration was prepared in 2018, with patents filed in 2019 and put on standby in anticipation of today’s global commerce and regulatory acceptance of cryptocurrency payments.
VANCOUVER, British Columbia, Jan. 19, 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, enhanced customer engagement, and automated contact tracing to the brick and mortar space, is pleased to announce the final integration of major cryptocurrency payments into the Company’s contactless payment platform. Initial integration was prepared in 2018, with patents filed in 2019 and put on standby in anticipation of today’s global commerce and regulatory acceptance of cryptocurrency payments.
The methods described in the 2019 patent application provide a unique method of facilitating and verifying cryptocurrency payments, all performed with the fundamental Loop principle of not requiring POS integration to achieve these goals.
Loop Insights CEO Rob Anson stated: “Whereas many companies try to use cryptocurrencies as a buzz word, Loop has been way ahead of this global paradigm shift to the delight of our customers and partners who want be ahead of what we anticipate being a parabolic growth decade for cryptocurrency transactions and payments. Our Fobi device is already configured to accept leading cryptocurrencies including Bitcoin, Ethereum, and Litecoin, providing retailers with new long-term opportunities for growth and Enterprise partners with an even stronger value proposition that already includes our world-leading artificial intelligence-driven, real-time transaction technology.”
Tags: AI, Amazon, artificial intelligence, Big data, Bitcoin, covid19, Covid19 tracing, crypto, CSE, Ethereum, Fobi, litecoin, Passcreator Posted in Loop Insights Inc. | Comments Off on Loop Insights $MTRX $RACMF Integrates #Bitcoin, #Ethereum and #Litecoin Into Contactless Payments Platform For Retail Customers and Enterprise Partners, With Patent-Pending Technology Filed in 2019, As #Cryptocurrency Payments Undergo Global Paradigm Shift Toward Mass Acceptance In 2021 $AT.ca $QTRH.ca $SNSR $BSQR $PTS.ca
Posted by AGORACOM-JC
at 7:37 AM on Thursday, January 14th, 2021
Announced the signing of a Pilot Agreement with PharmAssist Solutions to implement Loop’s analytics platform into multiple independent pharmacy affiliated locations.
Pharmassist is an independent pharmacy solutions provider that serves 15% of the UK market with 12,000 independent pharmacies.
Upon successful completion of the Pilot, it is the intention of both parties to implement Loop’s artificial intelligence-driven analytics platform across all 12,000 pharmacies in the United Kingdom.
VANCOUVER, British Columbia, Jan. 14, 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, enhanced customer engagement, and automated contact tracing to the brick and mortar space, is pleased to announce the signing of a Pilot Agreement with PharmAssist Solutions (“ Pharmassist ”) to implement Loop’s analytics platform into multiple independent pharmacy affiliated locations.
OPPORTUNITY FOR FULL IMPLEMENTATION ACROSS 12,000 LOCATIONS
Pharmassist is an independent pharmacy solutions provider that serves 15% of the UK market with 12,000 independent pharmacies. Upon successful completion of the Pilot, it is the intention of both parties to implement Loop’s artificial intelligence-driven analytics platform across all 12,000 pharmacies in the United Kingdom.
Pharmassist Managing Director Amar Randhawa stated, “Loop Insights data analytics solution is a game-changer for independent pharmacies here in the UK. PharmAssist Solutions has been integral to the success of the independent chain, and adding Loop’s ability to understand transaction details, shopping behaviors and habits, trends, and other powerful pieces of information once thought lost, will provide a massive benefit to each individual pharmacy. Understanding what products have been sold and prescribed gives these independents the ability to offer personal, relevant, and adjacent over the counter products to consumers, increasing sales, and delivering a more personal experience in-store. We are excited to be the first solutions provider in the UK market to offer this, and expect great uptake of the solution to our growing customer base.”
INSIGHTS REVENUE MODEL PROVIDES POTENTIAL FOR $USD 28.8 MILLION IN ANNUAL REVENUES UPON SUCCESSFUL COMPLETION OF PILOT
On November 4, 2020 , Loop announced it successfully completed a similar Pilot at 20 stores and was rolling out to all 550 retail locations of Your CBD Store . In that press release, the Company provided details with respect to its “Insights” pricing model including $USD 50 per month per till, with an average of 4 tills per retail location, which would equate to potential monthly recurring revenue of $USD 2,400,000 or $USD 28,800,000.
In addition, when the Company’s automated marketing “Engage” service and wallet pass loyalty applications are layered in, these numbers quickly multiply by 5-10x and provide the company with an even more significant potential revenue stream.
Loop Insights CEO Rob Anson stated, “Signing this Pilot with Pharmassist in the very early days of 2021 serves as a strong indication of Loop’s anticipated penetration into the UK and European markets. Coupled with our recently announced LOI to acquire Passcreator and take control of our technology in anticipation of major business developments in 2021, I can unequivocally say that Loop is heading into a major growth phase as promised in our letter to shareholders at the end of 2020.”
Posted by AGORACOM-JC
at 7:16 AM on Tuesday, January 12th, 2021
Announced the signing of a Letter Of Intent to acquire Passcreator, a leading European digital wallet and mobile marketing company with Tier-1 clients such as Mercedes-Benz and BMW.
Loop commenced its technology partnership with Passcreator early in 2020 to provide Loop with the support necessary to deliver on its anticipated first-stage developments in the sports venue, hospitality, travel, and health industries.
The acquisition is expected to be completed by late January or early February 2021, subject to customary due diligence and Exchange approvals.
VANCOUVER, British Columbia, Jan. 12, 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, enhanced customer engagement and automated venue tracing to the brick and mortar space, is pleased to announce the signing of a Letter Of Intent (“LOI”) to acquire Passcreator, a leading European digital wallet and mobile marketing company with Tier-1 clients such as Mercedes-Benz and BMW. The acquisition is expected to be completed by late January or early February 2021, subject to customary due diligence and Exchange approvals.
Acquisition of Passcreator to Provide Loop with Complete Control Over its Digital Wallet Pass Technology In Anticipation of Upcoming Business Developments
Loop commenced its technology partnership with Passcreator early in 2020 to provide Loop with the support necessary to deliver on its anticipated first-stage developments in the sports venue, hospitality, travel, and health industries. To this end, on December 29, 2020, Loop Insights announced its most successful year in Company history , including partnerships with major telecom companies TELUS and NTT DATA.
Posted by AGORACOM-JC
at 7:35 AM on Friday, January 8th, 2021
Company Continues its Track Record of Successful “Bubble” Implementations with bdG Sports
Company has been selected by bdG Sports to provide its venue management platform to the Big West Conference Men’s and Women’s Basketball Championships being held March 9-13, 2021 at the Mandalay Bay Events Center in Las Vegas.
A total of 19 men’s and women’s NCAA basketball teams will compete in the Big West Conference Finals for a chance to enter the NCAA 2020-2021 “March Madness” Tournament in Las Vegas.
Loop’s selection to provide its venue management platform at the Big West Conference Championships follows the successful deployment of Loop’s venue bubble solution at two previous NCAA basketball tournaments, the Gulf Coast Showcase and the Vegas Main Event.
VANCOUVER, British Columbia, Jan. 08, 2021 — Loop Insights Inc. (MTRX:TSXV 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 Company has been selected by bdG Sports to provide its venue management platform to the Big West Conference Men’s and Women’s Basketball Championships being held March 9-13, 2021 at the Mandalay Bay Events Center in Las Vegas.
A total of 19 men’s and women’s NCAA basketball teams will compete in the Big West Conference Finals for a chance to enter the NCAA 2020-2021 “March Madness” Tournament in Las Vegas. Loop’s selection to provide its venue management platform at the Big West Conference Championships follows the successful deployment of Loop’s venue bubble solution at two previous NCAA basketball tournaments, the Gulf Coast Showcase and the Vegas Main Event.
Posted by AGORACOM-JC
at 7:40 AM on Thursday, January 7th, 2021
Announced that the Company has appointed Danny M Spataro as Sr. Director of Sales, Sports, and Entertainment, effective January 11th.
Danny joins Loop Insights with over 15 years of sales experience in collegiate athletics, professional sports, and SaaS. Danny spent 11 years with Learfield IMG College, highlighted by sales leadership roles serving Texas A&M, Arizona, Penn State, Northwestern, and Harvard. Danny left Learfield IMG College to work with Fenway Sports Management, the parent company of the Boston Red Sox, Liverpool Football, and New England Sports Network.
VANCOUVER, British Columbia, Jan. 07, 2021 — Loop Insights Inc. (MTRX:TSXV 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 management for the brick and mortar space, is pleased to announce that the Company has appointed Danny M Spataro as Sr. Director of Sales, Sports, and Entertainment, effective January 11th.
Spataro Brings Over 15 Years Of Sales and Marketing Experience to Loop Insights, Including Roles In Collegiate and Professional Sports
Danny joins Loop Insights with over 15 years of sales experience in collegiate athletics, professional sports, and SaaS. Danny spent 11 years with Learfield IMG College, highlighted by sales leadership roles serving Texas A&M, Arizona, Penn State, Northwestern, and Harvard. Danny left Learfield IMG College to work with Fenway Sports Management, the parent company of the Boston Red Sox, Liverpool Football, and New England Sports Network. After Fenway, Danny spent time at New Hampshire Motor Speedway (SMI), part of the NASCAR circuit. Spataro’s last three years have been highlighted by successful tenures at technology giant Oracle Corporation and most recently SSB. Danny brings a wealth of sales and technology experience to Loop Insights that will greatly benefit the team moving forward.
