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.
FOBI AI Inc. (TSXV: FOBI, OTCQB: FOBIF) has successfully completed the acquisition of Passworks S.A., a prominent European digital wallet and mobile marketing firm. The transaction was executed under a share purchase agreement with Vendor Francisco Fiúza Da Silva Beirâo Belo, for a total value of €500,000, paid through the issuance of 1,674,264 common shares at $0.44 each. This strategic acquisition aims to enhance FOBI's scale, providing access to key Tier 1 customers and agency relationships, which is expected to drive immediate revenue growth. The Vendor may earn an additional €50,000 if Passworks' gross revenue exceeds €300,000 within a year post-acquisition. A service agreement was also established with the Vendor, committing to monthly fees and additional share compensation.
Fobi AI Inc. (FOBIF) announced the appointment of David Nicholls as Vice President of Liquor Beverage, aiming to enhance its global growth strategy within the liquor beverage industry. Nicholls brings over 15 years of marketing and leadership experience, having held key roles at major firms such as Anheuser-Busch InBev and Molson Coors. His previous successes include launching Bud Light Lime in Canada and revitalizing Vancouver Island Brewing. This addition to the senior management team is intended to strengthen Fobi's position in the lucrative liquor sector, especially following a $10 million licensing agreement with BevWorks Brands Inc. to bolster growth and consolidation strategies. Fobi continues to work on acquiring Passworks S.A., expected to finalize in April.
Fobi AI Inc. (FOBIF:TSXV) has signed a one-year annual North American license agreement with ParcelPal Logistics Inc. The agreement involves Fobi providing its Wallet Pass platform and digital ID verification solution, AltID, for an annual fee of $55,000, plus additional fees for active passes and verifications. This partnership aims to enhance ParcelPal's mobile application, enabling improved customer experiences and streamlined delivery services, particularly in regulated industries like tobacco and cannabis. The integration of Fobi's technology is expected to give ParcelPal a competitive edge in its digital transformation efforts and expand its services into European and APAC markets.
Fobi AI Inc. (FOBI:TSXV, FOBIF:OTCQB) is expanding its technology solutions to the Asia-Pacific (APAC) region, launching in Japan. The expansion is led by VP of Marketing Ian Cameron, who brings over 18 years of experience in Japan, particularly from his tenure at Epson. Fobi's services are timely, given a reported 20% increase in digital wallet usage in Japan as of Q3 2022. Fobi aims to tap into the growing demand for mobile wallet solutions beyond payments, as Japanese consumers increasingly use these technologies for loyalty programs and ID verification. The company sees this launch as a significant milestone in its global growth strategy.
Fobi AI Inc. (FOBIF) has secured a significant $10 million licensing agreement with BevWorks Brands Inc. The five-year contract, signed on March 24, 2023, allows Fobi to leverage its AI and data solutions to enhance BevWorks’ operational efficiency. Fobi will generate $10 million in revenue from this deal, recognized over the contract's duration. The partnership aims to help BevWorks streamline its operations and innovate within the beverage sector. Fobi’s technology will provide real-time data insights, enabling more data-driven decision-making for BevWorks, reinforcing Fobi's growth strategy in high-value industries.
Fobi AI Inc. (FOBI:TSXV, FOBIF:OTCQB) has announced the granting of a USA patent for its IoT hardware, which includes valuable technologies such as crypto processing, digital receipt storage, and universal loyalty rewards programs. CEO Rob Anson emphasizes that this patent enhances the company's value and creates new business opportunities through organic license fees. The hardware enables receipt capture, sales analytics, and personalized marketing without complicating PCI compliance. The patent's success is expected to support pending applications in Canada and Europe, reinforcing Fobi’s position as a leader in AI and data intelligence.
Fobi AI Inc. (FOBIF) has announced a new contract between its subsidiary PulseIR and ParcelPal Logistics, generating $120,000 in revenue over one year. This deal highlights PulseIR's role in providing real-time communication channels for companies lacking substantial marketing resources. ParcelPal, known for its logistics solutions, including last-mile delivery across various sectors, emphasized the importance of this partnership for enhancing investor relations. Additionally, Fobi has granted 1,350,000 stock options to its directors and officers, set at an exercise price of $0.39, vesting immediately and expiring in five years.
Fobi AI Inc. (FOBIF) has announced a new reseller agreement with bBIG Communications that aims to enhance its Qples coupon platform. This partnership is crucial for digitally transforming the U.S. military market, serving over 1.4 million active and 16.5 million retired military families. The collaboration will allow bBIG to utilize Qples for print-at-home and AI Universal Digital Coupons. Additionally, a prior referral partnership for Fobi's Passcreator service further strengthens this relationship, providing opportunities to expand into the military sector. Fobi's digital verification solution, AltID, will also aid in securely verifying military memberships.
Fobi AI Inc. (FOBI:TSXV, FOBIF:OTCQB) has filed its second quarter 2023 interim financial statements and management discussion on SEDAR. A webinar hosted by CEO Rob Anson, CFO Annie Chan, and CRO Colby McKenzie is scheduled for March 2, 2023, at 9:00 am PST/12:00 pm EST to discuss the interim financial results. Investors can submit questions in advance. Fobi, established in 2017, leverages AI and data intelligence to provide digital transformation solutions, aiming to enhance customer experiences while promoting sustainability by reducing paper and plastic waste.
Fobi AI Inc. (FOBI:TSXV) announced the appointment of Colby McKenzie as the new Chief Revenue Officer (CRO) to drive growth and revenue potential. McKenzie, previously co-founder of Enlighten and VP at Weedmaps, brings expertise in corporate development and M&A strategies. His experience spans multiple sectors, reinforcing Fobi’s commitment to enhancing its revenue streams through a focus on strategic licensing and joint ventures. CEO Rob Anson emphasized McKenzie’s fit for the role, noting his ability to scale platforms and applications effectively.