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Fobi AI Inc. has appointed Richard Lee as its new SVP of Strategy & Corporate Development. Lee, previously at NielsenIQ, brings extensive experience in strategic alliances and business development, particularly in the retail and CPG sectors. Fobi's CEO Rob Anson expressed confidence in Lee’s ability to enhance the management team and accelerate growth. Lee's expertise will focus on investment opportunities, partnerships, and mergers to bolster Fobi's innovation and market presence. This strategic hiring is expected to drive Fobi’s growth in the rapidly evolving retail landscape.
Fobi AI Inc. (formerly Loop Insights Inc.) has received approval from the TSX Venture Exchange to change its name and trading symbol from MTRX to FOBI, effective June 4, 2021. This rebranding is a significant step towards the company's goal of uplisting to the TSX later this year. CEO Rob Anson mentioned that transitioning from successful pilots to revenue-generating contracts positions Fobi well in the growing data intelligence market. Importantly, there is no change in the company's capitalization, and existing shareholders will not need to take any action regarding the name change.
Fobi AI Inc. (RACMF) announced a virtual-only shareholder update call scheduled for June 2, 2021, from 9-10 am PST. CEO Rob Anson and CFO Mark Lotz will discuss the company's latest financial results, milestones, and future plans. Investors can submit questions to ir@fobi.ai for live Q&A. Fobi AI specializes in data intelligence, helping clients convert real-time data into actionable insights. Their innovative IoT solutions cater to various industries, including retail and telecommunications. For more information, visit the Fobi website.
Fobi AI, formerly known as Loop Insights, has officially rebranded, marking a strategic shift towards focusing on enterprise clients. The company aims to enhance its image in line with its innovative IoT platform, which delivers real-time data insights to major enterprises across various sectors. Fobi has experienced significant growth through partnerships with industry leaders such as AWS and Oracle. The rebranding includes a new logo and website, and ticker symbols will soon change to reflect the new name. Fobi anticipates further commercial agreements as pilot tests conclude.
Loop Insights Inc. (RACMF) has announced a multi-year reseller agreement with TELUS, upgrading their partnership from IoT Marketplace listing to direct reseller. This transition enhances Loop's access to TELUS's extensive national client base and sales support team. TELUS will market Loop's products, allowing for accelerated sales growth with minimal infrastructure costs. The agreement signifies confidence from TELUS in Loop's innovative solutions and offers benefits including real-time insights and personalized engagement for TELUS clients, fostering operational efficiency and profitability.
Loop Insights has reported significant advancements across multiple fronts, including partnerships with industry giants like NielsenIQ and Oracle. The company has executed over $3 million in warrant exercises, strengthening its balance sheet and increasing its market capitalization by 34.3% compared to the TSX Venture Index. Loop is on track to uplist to major exchanges by Q3 2021, highlighting continued growth in strategic alliances and pilot projects. The recent acquisition of Passcreator further propels its offerings, enhancing its position in the market.
Loop Insights has successfully integrated its Wallet pass platform with The Coupon Bureau's new Universal Digital Coupon standard. This innovative solution aims to enhance the coupon redemption experience for consumers while reducing fraud, an issue costing CPG brands up to $600 million annually. The partnership is expected to generate significant revenue through various models, including earnings per coupon redemption and retailer participation fees. The collaboration positions Loop Insights for accelerated growth in the evolving retail landscape.
Loop Insights Inc. (RACMF:OTCQB) has engaged Emerging Markets Consulting, LLC (EMC) for a 12-month period at a cost of $250,000 USD. The partnership aims to enhance Loop's global brand awareness and product recognition, crucial for its goal of uplisting to a major exchange. CEO Rob Anson emphasized the importance of capital market awareness in key investor markets. EMC, experienced in investor relations, seeks to bolster Loop’s visibility among institutional and retail investors.
Loop Insights Inc. has signed a Letter of Intent with All Net LLC for a $2.7 billion entertainment venue in Las Vegas. The All Net Resort will feature a 23,000-seat arena, a 500-room luxury hotel, and a 250,000 sq. ft. convention center, among other attractions. Loop will provide a custom technology stack for real-time customer engagement, leveraging its AI analytics and digital wallet platform. This partnership is set to enhance Loop's leadership in venue management and fan engagement.
Loop Insights Inc. (RACMF) has been selected to provide its venue management and fan engagement solution for two major NCAA Basketball events in Las Vegas: the Duke vs. Gonzaga game on November 26, 2021, and the Roman Main Event from November 19-21, 2021. These events are expected to draw record crowds, and Loop’s platform will enable real-time fan engagement and targeted promotions. Loop anticipates significant revenue potential through per-user fees and event licenses, enhancing its reputation in the sports industry while contributing to the reopening efforts post-pandemic.