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. reports developments in AI-driven real-time data intelligence, customer engagement, and digital transformation software. Company updates include the launch of FIXYR, an agentic AI customer service and technical support platform, along with broader products that use data intelligence, automation, wallet pass technology, and digital coupon capabilities to connect online and on-premise customer activity.
Recurring news also covers governance and finance leadership changes, operating and financial results, reporting-compliance matters, corporate restructuring initiatives, and business activity across retail and CPG, insurance, sports and entertainment, casino gaming, hospitality and tourism, and related enterprise markets.
Fobi AI Inc. announced its selection by GPJ, a leading event marketing agency, to implement its Wallet pass solution for INEOS’ upcoming vehicle launch. This project, initiated on July 18, 2021, supports a global roadshow for the INEOS Grenadier 4x4, expected to generate revenue this quarter and ongoing monthly recurring revenue from Wallet pass licenses. With INEOS generating $61 billion annually and GPJ serving over 40 Fortune 500 clients, this partnership positions Fobi for increased revenue opportunities and future contracts.
FOBI AI Inc. (TSXV: FOBI) (OTCQB: FOBIF) provided a corporate update highlighting significant initiatives despite pandemic challenges. CEO Rob Anson noted successful completion of multiple pilot projects with major retailers, including Sobeys and Certas. The company has achieved a robust balance sheet and is on track to uplist to major exchanges by Q4 2021. A recent private placement raised over $10.42 million, further strengthening financial resources. Notably, Passcreator achieved $161,630 CDN in revenue for Q1, reflecting a 188% year-over-year increase, supported by expanding partnerships with major clients.
Fobi AI Inc. announces the appointment of Jolie Summers as its new VP of Product, effective June 21, 2021. Summers brings over a decade of experience, having transformed products in various sectors, including healthcare and e-commerce, while working with companies like Lululemon and NTT Data. CEO Rob Anson emphasized that her expertise aligns with Fobi's growth strategy and will enhance its product offerings in data intelligence and IoT. This strategic hire aims to boost Fobi's market position and customer engagement as it continues its trajectory of innovation.
Fobi AI Inc. (FOBIF) has signed a licensing agreement with CareSpace.AI to integrate its real-time venue management solution into over 100 North American college campuses. This partnership aims to facilitate secure COVID-19 vaccination validation and contactless transactions through the Fobi Wallet pass technology. With about 19 million students in the US, the potential market for this solution is substantial. The collaboration also enhances student engagement and safety, leveraging CareSpace's healthcare expertise alongside Fobi's data analytics capabilities.