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
On September 17th, Loop announced an
agreement with TELUS to conduct a 90-day proof of concept pilot
across TELUS's three flagship corporate retail locations in
British Columbia.
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.
On November 4th, Loop announced the
successful completion of a 20 location pilot with a leading
US-based retailer, resulting in a rollout to 550 locations.
CANADIAN IoT MARKET TO HIT $21.8 BILLION
BY 2023
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."
SOURCE:
https://www.idc.com/getdoc.jsp?containerId=CA43807919
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 TELUS
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.
|
For more information, please contact: |
|
Loop Insights Inc. |
LOOP Website: www.loopinsights.ai |
|
Rob
Anson, CEO |
Facebook: @LoopInsights |
|
T: +1
877-754-5336 Ext. 4 |
Twitter: @LoopInsights |
|
E: ir@loopinsights.ai |
LinkedIn: @LoopInsights |
Forward-Looking
Statements/Information:
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.
Telus (TSX:T)
Historical Stock Chart
From Mar 2024 to Apr 2024
Telus (TSX:T)
Historical Stock Chart
From Apr 2023 to Apr 2024