Welcome to our dedicated page for Fobi Ai news (Ticker: FOBIF), a resource for investors and traders seeking the latest updates and insights on Fobi Ai stock.
Fobi AI Inc. (OTCQB: FOBIF, TSXV: FOBI) is a data and AI technology company that regularly issues news about its real-time data platforms, mobile-wallet engagement tools, and Web3-ready solutions. The company’s updates provide insight into how it is applying artificial intelligence, data intelligence, and digital credentials to support clients across retail, sports, healthcare, insurance, sports and entertainment, casino gaming, hospitality and tourism, and other regulated industries.
Readers of the Fobi AI news feed can expect announcements on new product launches and platform enhancements, such as the company’s integrated event registration and digital ticketing platform and its Agentic AI initiatives. Fobi has highlighted developments like its FIXYR Agentic AI customer service and technical support platform, which is built on Fobi’s enterprise large language model infrastructure and integrated with its mobile wallet ticketing and analytics capabilities.
The company also publishes news on strategic frameworks and business model evolution, including the Fobi AI 3.0 structure that aligns consulting, licensing, and subscription activities under an AI-native professional services and implementation model. Corporate updates may cover revenue model details, operational efficiency measures, and organizational changes, such as finance team restructuring or technology leadership appointments.
In addition, Fobi’s news often addresses partnerships and market expansion efforts, including collaborations in cybersecurity and data verification, participation in international technology events, and transactions such as the sale of its German subsidiary with associated licensing arrangements. Investors and observers who follow Fobi AI’s news page can use these releases to understand how the company is positioning its AI and data intelligence offerings, how it is approaching digital transformation and mobile wallet engagement, and how corporate and regulatory developments may relate to the FOBIF stock.
Empower Clinics Inc. has entered into a Service Agreement with Fobi AI Inc. to integrate Fobi's Wallet pass technology into Empower's Kai Care COVID-19 testing product. This partnership aims to enhance digital customer experience by allowing users to securely receive their test results directly on their mobile wallets. The integration is timely due to rising demand for digital health verification. The collaboration is expected to create new revenue streams through customer engagement and advertising opportunities. Empower anticipates increased market share in the growing COVID-19 testing market.
Fobi AI Inc. (FOBIF) has partnered with Iceland's S4S, the country's largest shoe retailer, to digitize gift cards and credit notes using Fobi’s Passcreator Wallet pass. This swift integration, completed in just one day, aligns with S4S's advertising campaign. S4S aims to enhance environmental friendliness, reduce costs, improve customer experiences, and increase profitability with this transition to digital gift cards. The growing digital gift card market presents a significant opportunity for Fobi.
Fobi AI Inc. (FOBIF) has announced its acquisition of PassWallet on October 5, 2021, for €888,000. With over 6 million downloads, PassWallet enables users to manage Wallet passes on Android, specifically targeting markets not served by Google Pay, which includes over 150 countries. The acquisition positions Fobi to capitalize on the growing mobile wallet market, projected to expand from $11 billion in 2020 to $46 billion by 2028. The deal includes a cash payment and common shares, subject to TSXV approval.
Fobi AI Inc. (FOBIF) has entered a data consulting agreement with Kiaro Holdings Corp., Canada's major cannabis retailer, to develop a data warehouse and analytics strategy. Kiaro anticipates annual revenues of $42.7 million from its 16 locations. This partnership aims to enhance Kiaro's operational efficiency and profitability by optimizing their sales data. The cannabis industry, valued at $20.5 billion, is expected to reach $90.4 billion by 2026, presenting significant opportunities for Fobi. This is Fobi's second major AI data consulting deal recently.
Fobi AI Inc. (TSXV: FOBI, OTCQB: FOBIF) announced its acquisition of specific assets from Qples, Inc. for approximately US$3.2 million, with an additional US$1 million earn-out potential. This acquisition aims to strengthen Fobi's position in the $225 billion coupon industry, currently transitioning from paper to digital formats. Qples is expected to generate US$1 million in revenue for 2021 and US$2 million for 2022. This strategic move is anticipated to enhance Fobi's technology capabilities, integrating with its Connected Retail Commerce Solution.
Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) has entered a data consulting agreement with Azincourt Energy Corp. to develop a big data and operational intelligence platform aimed at modernizing mining practices. The partnership aims to leverage artificial intelligence and data mining techniques to improve exploration outcomes at the East Preston uranium project. This collaboration is expected to enhance operational efficiencies in a sector projected to grow significantly, with the mining and exploration equipment market valued at $144 billion.
Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) has launched the Fobi Data Exchange (FDX) in partnership with In-Touch Group, enhancing data analytics for convenience stores. This new platform will optimize data from around 10,000 stores, giving global CPG brands unprecedented access to insights and analytics. Fobi's AI will streamline the retail landscape, enabling effective category management and innovative monetization opportunities. CEO Rob Anson emphasized the potential of this partnership to create new revenue streams and provide actionable insights, transforming the retail and consumer engagement space.
Fobi AI Inc. (TSXV: FOBI; OTCQB: FOBIF) has integrated Draganfly’s Vital Intelligence Smart Vital system into its Venue Management System. This partnership enhances Fobi’s offerings for event organizers by enabling health protocol screenings via mobile devices, monitoring vital signs like temperature and heart rate. Fobi has previously partnered for venue management at major tournaments and has secured a deal with the Canadian Hockey League. The global event management software market is projected to reach $14.6 billion by 2025, presenting growth opportunities for Fobi as events resume.
Fobi AI Inc. (TSX.V: FOBI, OTCQB: FOBIF) announces the launch of its new Personalized Digital Receipt Marketing Solution at GroceryShop, held September 19-22, 2021, in Las Vegas. Fobi's latest offering enables retailers to deliver automated, personalized marketing at scale, enhancing engagement through real-time data analytics. The solution allows manufacturers to access rich analytics, ensuring tailored promotions that drive customer journeys. With the integration of the 8112 digital coupon format, retailers can combat coupon fraud while optimizing marketing efforts, paving the way for new revenue streams.
Fobi AI Inc. (TSX.V: FOBI) has announced the launch of Fobi 3.0, a next-generation IoT device aimed at enhancing retail data connectivity. This new device features a plug-and-play design that integrates with existing retail infrastructures without requiring IT setup. Amid global supply chain issues, Fobi has successfully secured critical chip components, positioning itself for large-scale rollouts expected by year-end. Additionally, the release aligns with the anticipated closing of the Qples acquisition, enabling enhanced coupon tracking and marketing capabilities for clients.
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