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Sunday, April 18, 2021

Internet of Things (IoT) Artificial Intelligence (AI) Technology; the Rise of Loop Insights Inc (OTCMKTS: RACMF) (CVE: MTRX)

Loop Insights Inc (OTCMKTS: RACMF) (CVE: MTRX) is an exciting stock trading in both the USA and Canada that has seen an explosive rise over the past few months from pennies to multiple dollars per share. The Company has an ambitious vision to be the first publicly-traded, Artificial Intelligence, data play that delivers the ability to connect and to provide real-time data applications across the big three channels; In-Store, E-Commerce, and M-Commerce. Loop has not only accomplished this goal in 2020, it has begun to commercialize and build a strong pipeline of Tier-1 global brands. The Canadian Iot Market is projected to hit $21.8 billion by 2023

Loop just launched its second product into the Telus IoT Marketplace which will serve to significantly expand Loop’s sales distribution channels on a national scale. The Company’s first product accepted into the IoT Marketplace was its venue tracing service, which has received significant exposure to many of TELUS’s largest customers. The third-party validation that came with this acceptance has been instrumental in Loop’s venue tracing discussions with large corporate customers worldwide. Upon completion of the current Pilot rollout, the Company plans to rollout its Insights service to all TELUS corporate stores. On Monday Loop announced its BOD had approved its plan to up-list its shares to both the Toronto Stock Exchange (“TSX”), and the NASDAQ in the USA.

Loop Insights Inc (OTCMKTS: RACMF) (CVE: MTRX) 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. Loop is currently preparing for the January 2021 launch of UKLIPZ, the first ever platform that enables consumers to create verified reviews using mobile video that can also be used, purchased or analyzed by brands and retailers to drive further engagement and sales. UKLIPZ was acquired by Loop on September 16th, 2019.

Earlier this year Loop formed a partnership with VenueNext, the global industry leader in point-of-sale (POS), mobile commerce and loyalty solutions for every major professional sports league and a number of colleges. VenueNext and Loop integrated the POS leader’s mobile ordering and payment functionality with Loop’s Real Time Dashboard, which provides clients with key insights on fans visiting arenas and stadiums at both the professional and collegiate levels, as well as, universities, theme parks, and more. Loop implemented its “Venue Bubble” at the Gulf Coast Showcase in Florida which is hosting 14 NCAA Division 1 men’s and women’s college basketball teams for the next month. On December 1 the Company reported the successful execution of its “Venue Bubble” solution in two separate live environments hosting NCAA Division 1 basketball teams.

On December 3 Loop announced the launch of a second product into the Telus IoT Marketplace which will serve to significantly expand Loop’s sales distribution channels on a national scale. On October 15th, Loop announced the significant milestone of having been accepted into the TELUS IoT Marketplace. The Company’s first product accepted into the IoT Marketplace was its venue tracing service, which has received significant exposure to many of TELUS’s largest customers and significant ongoing discussions with them. The third-party validation that came with this acceptance has been instrumental in Loop’s venue tracing discussions with large corporate customers worldwide.

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Loop’s second product is its insights service and artificial intelligence insights portal used in pilot across 3 telus flagship retail locations. On September 17th, Loop announced an agreement with TELUS to conduct a 90-day proof of concept pilot across TELUS’s three flagship corporate retail locations in British Columbia. TELUS deployed Loop’s Insights service, which consists of its IoT Fobi device, Loop Cloud API, and AI Insights Portal to test and leverage its automated marketing capabilities. Connected between the printer and point of sale, Loop’s Fobi device’s real-time capabilities are driven by Artificial Intelligence to enhance the shopping experience. Providing data-driven product suggestions and unique discount codes for future use, Loop enables TELUS’s customers to increase revenues through increased spend per customer.

The first goal of the Pilot, assuming a successful completion, was for Loop to achieve exponential scale through a channel reseller distribution partnership for our Insights service with TELUS, which has now been achieved. This acceptance into the TELUS IoT Marketplace provides Loop with national sales and marketing exposure to TELUS business customers. The second goal of the Pilot is a rollout of the Company’s Insights service to all TELUS corporate stores. On November 4th, Loop announced the successful completion of a 20 location pilot with a leading US-based retailer, resulting in a rollout to 550 locations. The Canadian Iot Market is projected to hit $21.8 billion by 2023. The importance of this TELUS IoT Marketplace distribution channel to Loop is critical and timely, given the growth of IoT in Canada over just the next couple of years. IoT Investment in Canada alone is growing exponentially, which will require companies and organizations to make fast decisions with respect to solutions. The Company’s TELUS recognition and acceptance will make it much easier for those decision-makers to choose Loop.

On Monday Loop announced its BOD had approved its plan to up-list its shares to a major North American Stock Exchanges. The Up-list Plan outlines Loop’s proposed plan to apply to have its common shares up-listed to the Toronto Stock Exchange (“TSX”), as a technology company, from the TSX Venture Exchange (“TSXV”).  Secondly, if the Company is successful in up-listing to the TSX, Loop intends to, as soon as practical, begin the process of filing a Form F-1 Registration Statement which will enable Loop to apply to be listed on the NASDAQ.

Loop Insights CEO Rob Anson stated: “As a result of our immutable relevancy, high demand for Loop’s products, pipeline growth, and ability to easily scale into a global marketplace that is in full press digital transformation, we expect a continued accelerated pace that now warrants an uplist and dual list strategy that will attract institutional investors commensurate with our anticipated profile in 2021 and far beyond.”

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Currently making a powerful move up the charts Loops Insights is an exciting stock trading in both the USA and Canada that has seen an explosive rise over the past few months from pennies to multiple dollars per share. The Company has an ambitious vision to be the first publicly-traded, Artificial Intelligence, data play that delivers the ability to connect and to provide real-time data applications across the big three channels; In-Store, E-Commerce, and M-Commerce. Loop has not only accomplished this goal in 2020, it has begun to commercialize and build a strong pipeline of Tier-1 global brands. The Canadian Iot Market is projected to hit $21.8 billion by 2023. Loop just launched its second product into the Telus IoT Marketplace which will serve to significantly expand Loop’s sales distribution channels on a national scale. The Company’s first product accepted into the IoT Marketplace was its venue tracing service, which has received significant exposure to many of TELUS’s largest customers. The third-party validation that came with this acceptance has been instrumental in Loop’s venue tracing discussions with large corporate customers worldwide. Upon completion of the current Pilot rollout, the Company plans to rollout its Insights service to all TELUS corporate stores. On Monday Loop announced its BOD had approved its plan to up-list its shares to both the Toronto Stock Exchange (“TSX”), and the NASDAQ in the USA. We will be updating on Loop Insights when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Loop Insights.

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Disclosure: we hold no position in Loop Insights either long or short and we have not been compensated for this article

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