VANCOUVER, BC, February 24, 2021, Loop Insights Inc. (MTRX:TSXV RACMF:OTCQB) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated venue tracing to the brick and mortar space, is pleased to announce the Company has been recognized by the TSX Venture as one of the exchange’s top 50 companies of 2021.
Loop Insights CEO Rob Anson stated: “It is incredible to be selected to the TSX Venture’s Top 50 of 2021 among Canada’s leading public companies. To receive this third-party validation from an authority such as the TSXV speaks volumes about Loop Insights’ progress and successes over the last year. Moving forward, we will continue to demonstrate the power of Loop’s real-time venue management platform as one of the leading data-driven tech companies in the Canadian public sector.”
Selection to TSXV Top 50 Solidifies Loop Insights as Canadian Tech Leader
Despite the many challenges and obstacles 2020 presented, Loop Insights pivoted to provide retailers and event hosts with a safe and secure means of remaining in operations, while delivering real-time, data-driven insights to allow businesses to operate more efficiently during challenging economic conditions.
The TSXV Top 50 is a ranking of the 10 strongest companies in leading sectors including clean technology and life sciences, diversified industries, energy, mining, and technology. The Top 50 is created using an aggregate ranking of three equally-weighted criteria: market capitalization growth, share price appreciation, and trading volume for the previous year.
As part of Loop Insights’ selection to the TSX Venture Top 50, the organization filmed a company profile of Loop to highlight the success of the company.
Watch the video here: https://vimeo.com/509389047/e384b73d91
Third-Party Validation From TSX Venture Confirms Loop Insights’ Most Successful Year-to-Date, with Major Implementations to Come in 2021
On December 29th, 2020 Loop Insights outlined its most successful year in company history, which included a pair of successful deployments of the company’s venue bubble solution. Loop’s selection to the TSXV Top 50 is another clear instance of third-party validation from a major industry stakeholder, which confirms the importance of last year’s many successes.
On October 19th, 2020 Loop Insights and Empower Clinics announced the combination of their respective Venue Tracing and COVID-19 testing expertise to create the first-ever “Travel Bubble” solution for the global travel industry.
Subsequently, on December 9th Loop and Empower partnered with SimpliFlying, the world’s leading aviation marketing consulting firm, to support specific near-term opportunities with World Renown Resorts, National Tourism Boards, Major Airlines, Airports, Cruise Ships, and Ports.
On December 1st, 2020, Loop announced it had achieved 100% success in delivering the first-ever fully integrated “Venue Bubble” in live environments at both NCAA College Basketball Tournaments. In total, Loop provided 14 check-in locations that traced over 550 athletes, coaches, and staff members at the two tournaments. Live demonstrations of the Venue Bubbles lead to significant discussions about some of North America’s largest sporting events in 2021, with additional events in the company pipeline.
On December 17th, Loop announced the most significant partnership in its history with NTT DATA, a top-ranked global IoT services company, and a subsidiary of Nippon Telegraph and Telephone, the world’s 4th largest telecom company, ranked 55th In Fortune Global 500. As a result of this partnership, Loop will be exposed to global opportunities never before thought possible. For example, Loop’s successful live deployment of its Venue Bubble solution and its published capabilities with respect to its Travel Bubble solution will be the subject of work on major projects with NTT DATA.
As a result of our success in 2020 and anticipated success in 2021, Loop announced its “Uplist Plan” on December 7th to begin the process of uplisting to major North American Stock Exchanges. The Uplist Plan outlines Loop’s proposed plan to apply to have its common shares uplisted to the Toronto Stock Exchange (“TSX”), as a technology company, from the TSX Venture Exchange (“TSXV”), followed by an intention to apply for listing on NASDAQ. Completion of the Uplist Plan is subject to meeting certain conditions and approvals that are not assured and outlined in the press release for full review by shareholders.
This Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion And Management Engagement https://agoracom.com/ir/LoopInsights/forums/discussion
About Loop Insights
Loop is a Vancouver-based Internet of Things ("IoT") technology company that delivers transformative artificial intelligence ("AI") automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop's products and services are backed by Amazon's Partner Network and sold through the TELUS IoT Marketplace.