VANCOUVER, BC, July 31, 2020 /CNW/ - Loop Insights Inc. (TSXV:
MTRX) (the "Company" or "Loop"), a provider of contactless
solutions and artificial intelligence ("AI") to drive automated
marketing, contact tracing, and contactless solutions to the brick
and mortar space, is pleased to announce, the acceleration of
conversations with municipal, provincial and federal school boards
to implement its Covid-19 contact tracing
solution throughout schools in Canada and the
United States.
DISCUSSIONS ACCELERATE AS SCHOOL BOARDS FACE PRESSURE TO
REOPEN IN SEPTEMBER DESPITE LACK OF SAFETY PROTECOLS, INCLUDING
CONTACT TRACING SOLUTION
In spite of opposition from teachers, parents and students,
several governments across North
America are planning on students returning to school for
full-time in-person classes in September. According to a report by
the Canadian Teachers' Federation, which collected nearly 18,000
responses from Canadian teachers, 8 in 10 expressed concerns about
schools reopening safely in the fall.
CEO Rob Anson: "This lack
of process reveals a huge gap in government restart plans. We are
four weeks away from schools reopening, and the sense of urgency
has never been greater. Parents and teachers are putting tremendous
pressure on school boards to adopt proper safety measures. Loop is
set to deliver its turnkey platform to ensure students and staff
are protected."
LOOP COMBINES SAFETY AND RAPID RESPONSE WITH REAL-TIME
MONITORING AND EXPOSURE NOTIFICATIONS
With its automated real-time capabilities, Loop ensures that
staff and teachers have the resources necessary to implement best
practice back-to-school safety measures. With the addition of the
Loop check-in card or wristband for young students, contact tracing
can also be implemented in elementary schools. Accordingly, parents
will receive real-time, automated exposure notifications via mobile
(text, email, or automated voice messages), to provide a sense of
safety, security and transparency. As a fully managed, encrypted
platform, responsibilities and liabilities are removed from school
staff, ensuring a seamless start to the school year.
LOOP CONTACT TRACING FOR SCHOOLS SUPPORTS MASS ECONOMIC
RECOVERY BY ALLOWING MILLIONS OF PARENTS TO RETURN TO WORK
Loop's solution helps parents feel at ease with their children
returning to schools, and subsequently, supports their return to
work and the rebuilding of communities. According to McKinsey and
Company, in the United States, 16
percent of the workforce—representing 26.8 million workers—are
dependent on childcare to work. Creating a safe school environment
is a forward-looking strategy to revive economic recovery across
North America.
This Press Release Is Available On The Loop Insights Verified
Forum On AGORACOM For Shareholder Discussion and
Q&A https://agoracom.com/ir/LoopInsights/forums/discussion
About Loop Insights: Loop Insights Inc. 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.
Forward-Looking Statements/Information:
This news release contains certain statements which
constitute forward-looking statements or information. Such
forward-looking statements are subject to numerous risks and
uncertainties, some of which are beyond Loop's control, including
the impact of general economic conditions, industry conditions, and
competition from other industry participants, stock market
volatility and the ability to access sufficient capital from
internal and external sources. Although Loop believes that the
expectations in its forward-looking statements are reasonable, they
are based on factors and assumptions concerning future events which
may prove to be inaccurate. Those factors and assumptions are based
upon currently available information. Such forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that could influence actual results or events and
cause actual results or events to differ materially from those
stated, anticipated or implied in the forward-looking statements.
As such, readers are cautioned not to place undue reliance on the
forward-looking statements, as no assurance can be provided as to
future results, levels of activity or achievements. The
forward-looking statements contained in this news release are made
as of the date of this news release and, except as required by
applicable law, Loop does not undertake any obligation to publicly
update or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise.
The forward-looking statements contained in this document are
expressly qualified by this cautionary statement. Trading in
the securities of Loop should be considered highly
speculative. There can be no assurance that Loop will be able to
achieve all or any of its proposed objectives.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE LOOP Insights Inc.