VANCOUVER, BC, Sept. 16, 2020 /CNW/ - Loop Insights Inc. (MTRX:
TSXV) (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 signing of an agreement with the University of Houston Athletics ("UH")
to implement Loop's contactless, artificial
intelligence marketing solutions to provide personalized promotions
and targeted engagement, as well as, Loop's leading
contact tracing solutions for the purposes of supporting resumption
plans that provide a safe environment for fans and guests attending
Houston football games at TDECU
Stadium.
The University of Houston is a
public research university in Houston,
Texas, and the main institution of the University of Houston System. Founded in 1927, UH
is the third-largest university in Texas, with over 47,000 students.
LOOP SOLUTION TO PROVIDE
HOUSTON ATHLETICS WITH ABILITY TO
ACHIEVE CASHLESS AND CONTACTLESS GOALS
Given the health risks related to COVID-19 and the uncertainty
about the duration of its impact on society, UH Athletics will be
working with Loop in the development and implementation of a
contactless and cashless solution for fans and guests attending
events at TDECU Stadium. Loop's services will help Houston
Athletics deliver on this goal by first implementing its contact
tracing solution, which will provide Houston football fans and guests safe and secure
access when attending events.
Secondly, Loop's e-commerce solutions will be
integrated within the platform to provide fans with an ability to
purchase event tickets, concessions, merchandise products, and
parking services without having to use physical cash.
Finally, with users now using the platform to conduct their
purchases and access events, Loop's artificial
intelligence marketing services will provide unmatched personalized
promotions and engagement opportunities, creating a more
interactive fan experience at Houston
athletic events. Loop's services and technologies will offer a more
robust game day experience for all Houston football fans.
Loop Insights CEO Rob Anson
stated, "Our first priority is reopening and
keeping campus doors open through our proven and scalable contact
tracing platform. Secondly, we want to help UH maintain and
increase its revenues. We expect to generate meaningful revenue
from monthly fees associated to active users on the Loop platform
as well through participation in a revenue share. With our
integrated product stack, UH and all of the other 356 NCAA Div.1
colleges can gain immediate access to all of Loop's products and services and
benefit from increased profitability through streamlined
operational efficiencies. We intend to deliver a future proof
campus experience, so the next wave of Covid-19 does not close
their doors for good. Loop is the complete
solution."
University of
Houston's Deputy Athletic
Director David Tagliarino
stated, "A main goal for us is to
administer enhanced safety protocols and best practices, measures
that instill confidence among our fans and guests during these
challenging times due to Covid-19. Loop's solution is
appealing because it also provides fully automated and personalized
fan experiences with large-scale user adoption and enhanced fan
engagement opportunities. In addition to improving the way we
interact with fans inside and outside the stadium,
Loop's contact tracing will greatly assist our efforts
in returning fans to our venues in a safe and prudent manner."
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 Houston Athletics
University of Houston Athletics
sponsors 17 intercollegiate sports for nearly 400 student-athletes.
The department's mission is to develop its
student-athletes into champions for life and focuses daily on the
success and welfare of its student-athletes. A member of the
American Athletic Conference, Houston
has led its league in conference championships in each of the last
five seasons. For more information on UH Athletics,
visit UHCougars.com.
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.