Fobi Ai Inc Stock Price, News & Analysis

Fobi AI Inc. (FOBIF) launched PassPro, a new Enterprise-grade SaaS platform enhancing its Passcreator Wallet. This innovative solution targets sectors like Retail, Sports, and Hospitality, promising new revenue streams through setup and licensing fees. PassPro improves customer engagement by integrating CRM tools directly into mobile wallets, enabling real-time promotions and exclusive content. The mobile wallet market is projected to reach $255 billion by 2025, positioning Fobi for significant growth in this expanding industry.

Fobi AI Inc. (FOBIF: OTCQB) announced a partnership with Abbot’s Butcher to implement digital coupons via Fobi’s Qples platform, effective January 17, 2022. This collaboration targets the growing plant-based health food market, projected to reach US$1.1 trillion by 2027. The deal positions Fobi as a leader in digital couponing, enhancing customer engagement and driving revenue through a per coupon model. Abbot's Butcher has expanded to over 800 retail locations, prioritizing customer experience through innovative solutions.

Fobi AI Inc. (FOBI: TSXV; FOBIF: OTCQB) has partnered with Square to integrate its platform with the Square App Marketplace. This collaboration allows Fobi to access Square's global seller base, enhancing customer acquisition and revenue opportunities. Key benefits include a unified dashboard for managing multiple retail outlets and improved data visualization for acquired companies. With a focus on real-time data analytics, this partnership aims to provide valuable insights to enhance customer engagement and drive profitability for businesses.

FOBI AI has announced its acquisition of Passworks, marking its fourth wallet pass acquisition within a year, aimed at consolidating its leadership in the global wallet pass market. The deal, valued at €400,000, will be paid in common shares, with potential additional shares worth €100,000 tied to revenue targets. This acquisition grants FOBI access to tier-one clients like Hugo Boss and increases its share in the expanding mobile wallet market projected to reach $7.6 trillion by 2027.

Fobi AI Inc. (FOBIF) has signed an annual auto-renewal license agreement with a major insurance provider, expanding its revenue model through annual and per-pass licensing fees. The Fobi Wallet pass platform will facilitate digital proof of insurance in five European countries for three of the top ten global insurance companies. Key reasons for selection include excellent customer service, enhanced functionality, and GDPR compliance. The global insurance market is projected to grow significantly, offering further expansion opportunities for Fobi's technology.

Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) has signed a one-year agreement with a major North American golf course operator to implement its digital golf membership Wallet pass solution. This partnership aims to digitize membership cards, enhancing customer experience and reducing plastic waste. Fobi will generate revenue through annual and monthly license fees. The integration with golf course POS systems will enable better tracking of member purchases and personalized communication, thus driving revenue. The US golf course industry is valued over $24 billion and is projected to grow, presenting further opportunities for Fobi.

Fobi AI Inc. (FOBI:TSXV, FOBIF:OTCQB) has partnered with Kai Medical to implement a rapid Covid testing system for the Galaverse event in Las Vegas held on December 11-13, 2021. Through a consulting agreement, Fobi generated revenue by facilitating the testing process, allowing attendees to receive results via their mobile phones. This system, which delivers results in about 10 minutes, showcases Fobi's agility and innovation. Furthermore, the technology developed can be repurposed for other events, emphasizing its potential in various sectors, including travel and hospitality.

Fobi AI Inc. (FOBIF:OTCQB) has been appointed as the Health and Safety Technology Provider for the RSPA Inspire Conference, occurring from January 23-26, 2022, in Clearwater Beach, FL. This partnership will enable Fobi to implement its CheckVax™ solution, facilitating digital vaccination and testing verification for event attendees. The agreement generates revenue through initial setup and licensing fees. Fobi aims to support the retail sector's recovery from COVID-19 challenges by showcasing its innovative solutions to industry leaders at the conference.

Fobi AI Inc. (FOBIF) has entered a strategic partnership with Janam Technologies to enhance customer engagement and operational efficiency through innovative mobile wallet and hardware solutions. This collaboration targets industries such as sports, hospitality, and retail, providing advanced NFC ticketing solutions for events and venues. The initial rollout occurred at NCAA Division I basketball tournaments, and future offerings include an employee ID management solution and a loyalty program. This partnership aims to streamline access control, combat fraud, and improve the customer experience.