- Loop Insights is an innovative data technology solutions provider developing contactless, digital wallet-based marketing, tracing and notification services
- During the COVID era, Loop’s venue management solution serves as a companion to contactless ticketing, and testing allowing attendees to receive alerts and notifications as well as proof of testing or vaccination and event / venue managers to monitor the same risk and deliver venue tracing alerts directly integrated with rapid testing.
- Following on the heels of the NBA’s massive COVID-free protective “bubble” experiment for the pro basketball season and playoffs, Loop served as the tech resource for two NCAA bubble events and successfully provided organizers the data they needed
- Loop is now partnering with rapid COVID test supplier Empower Clinics and aviation marketing consulting firm SimpliFlying to provide an international travel virus-protection bubble program, as well as a film industry bubble
- Loop intends to uplist from its TSX.V position to the broader TSX exchange, and then if successful to file with the Securities and Exchange Commission (“SEC”) in the United States to list on the NASDAQ
During the final weeks of 2020, the medical community has begun to experience real optimism in pushing back against the novel coronavirus pandemic that has sickened nearly 75 million people worldwide as of a week before Christmas, taking the lives of more than 1.6 million, and leaving some 20.5 million still in the throes of the illness with the Christmas holiday rapidly approaching (https://nnw.fm/AMmfU).
With the rollout of one vaccine believed to be safe and effective in combating COVID-19 happening now, and additional vaccine approvals expected in the near future (https://nnw.fm/426YI), business industry leaders are also tentatively beginning to adopt event and venue “bubble” practices that allow them to resume in-person, revenue-building activities while attempting to prevent infected people from attending. Bubble planning includes efficiently identifying any potential breach of the event / venue infection security net so that organizers can effectively provide contact-tracing warnings to participants who may have been exposed, as addressed in a report by event news outlet EventMB (https://nnw.fm/ZKike).
Vancouver-headquartered Loop Insights (TSX.V: MTRX) (OTCQB: RACMF) is dedicating much of its focus on Internet of Things (“IoT”)-based contactless solutions to enabling renewed event / venue activity. The company has already successfully provided end-to-end venue tracing and alert notifications for two NCAA Division 1 basketball events and is expanding on its successes with bubble planning in non-sports markets such as the film and travel industries, as well as new sports events in 2021.
“There is simply no way to overstate the implications of our live environment Venue Bubble successes in Florida and Las Vegas over the past 10 days,” Loop Insights CEO Rob Anson stated about the NCAA events (https://nnw.fm/NCpXL). “With the whole world watching, including professional sports leagues and teams, college sports leagues and teams, world-renown venues and hospitality companies, Loop hit it out of the park and provided the world with the empirical data necessary to demonstrate our bubble solution is nothing short of world-class.”
The professional NBA basketball league set the initial standard for sports-related virus bubbles, creating a $190 million isolation zone at Florida’s Walt Disney World during the final eight games of the 2019–20 regular season and throughout the playoffs. The bubble was enacted in six phases between June and October, and no cases of COVID-19 were recorded by the teams participating in the bubble (https://nnw.fm/vsA7o).
Loop Insights’ IoT contactless venue management solution deployed in the NCAA events includes using smart wallet pass technology to manage tracing, testing, notifications and marketing. Attendees enter their personal information upon arrival, including their name and how to contact them, without having to rely on the exchange of hand written forms. The mobile wallets are used to authenticate the attendees’ information and to allow the exchange of information between the event / venue managers and the attendees regarding the data the venue requires, as explained in an October Loop webcast demonstrating the platform’s performance (https://nnw.fm/41WKo).
The company’s recently announced expansion into virus-free bubble projects for the film industry (https://nnw.fm/wmz1C) and the travel industry include a standout partnership with medical testing innovator Empower Clinics (CSE: CBDT) (OTC: EPWCF) (FRA: 8EC) and an MOU with aviation marketing consulting firm SimpliFlying to create an international airline travel bubble solution (https://nnw.fm/QNdhy).
Empower’s rapid antigen and antibody tests produce results in 15 minutes, providing the potential for a sense of security during the pandemic to airlines, cruise ships and the 182 countries currently in full or partial shutdown (https://nnw.fm/3Ak1Z). The partners’ travel bubble product is now advancing talks for an agreement with the national tourism boards of the Dominican Republic, the Cayman Islands, the Bahamas, Jamaica and the Turks & Caicos islands, as well as the Iberostar, Bahia Principe and Hyatt Resorts, according to the company’s announcement.
Loop also recently announced its digital wallet and venue platform will support English, French and Spanish initially — a capability considered necessary as part of the partnership’s pursuit of nationwide agreements, particularly as Canada considers a unified solution with tracing, testing, and vaccination certification (https://nnw.fm/lva9S).
The announcement includes notice that the company received $4.6 million from the exercise of warrants up to Dec. 10, which eliminates the need for any financing with the exception of strategic client partners that may want to invest in Loop in order to participate in its growth. Loop currently lists on the TSX.V and intends to uplist to the broader TSX exchange to increase its investment potential. If the TSX uplisting is successful, the company will eventually pursue filings with the Securities and Exchange Commission (“SEC”) in the United States to potentially list on the NASDAQ (https://nnw.fm/Hiy5j).
For more information, visit the company’s website at www.LoopInsights.ai
NOTE TO INVESTORS: The latest news and updates relating to RACMF are available in the company’s newsroom at https://nnw.fm/RACMF
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