VANCOUVER, BC, Sept. 17, 2020 /CNW/ - Loop Insights Inc. (TSXV:
MTRX) (the "Company" or "Loop") - a
provider of contactless solutions to drive real-time insights and
enhanced customer engagement to the brick and mortar space - is
pleased to announce that it has entered into a limited formal
agreement with the TELUS Corporation (or "TELUS")
(TSX: T) NYSE: TU), Canada's leading
telecommunications company, to conduct a 90-day proof of concept
pilot across TELUS's three flagship corporate retail locations in
British Columbia.
The pilot commenced on August 5
when TELUS deployed Loop's IoT product Fobi to test
and leverage its automated marketing capabilities. Connected
between the printer and point of sale, Fobi will identify the
opportunity to offer print tailored discount codes on the customer
receipt for items that may be of interest to the customer based on
their purchase. These real-time capabilities enhance the shopping
experience by providing data-driven product suggestions and unique
discount codes for future use.
Andrew Turner, VP Strategic
Operations at TELUS, said: "TELUS sees great value in
Loop's real-time data connectivity applications across
bricks and mortar retail environments. Known for consistently
putting our customers first and driving innovation in the
telecommunications industry, we are always looking to elevate our
customer experience and provide our customers with more value. We
look forward to seeing Loop in action, and learning how we can
enhance the customer experience together."
Loop CEO Rob
Anson added, "The opportunity to
partner with one of Canada's most
respected and successful corporations is an important piece of our
puzzle as we look to scale through potential channel reseller
partners. TELUS will generate creditable third-party validation and
credibility for our brand and go-to-market strategy. Following a
successful pilot completion, the scope of this opportunity grows
exponentially through channel reseller distribution."
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. Loop's products and services
are backed by Amazon's Partner Network.
About TELUS
TELUS (TSX: T, NYSE: TU) is a dynamic,
world-leading communications and information technology company
with $14.8 billion in annual revenue
and 15.3 million customer connections spanning wireless, data, IP,
voice, television, entertainment, video and security. We leverage
our global-leading technology to enable remarkable human outcomes.
Our longstanding commitment to putting our customers first fuels
every aspect of our business, making us a distinct leader in
customer service excellence and loyalty. TELUS Health is
Canada's largest healthcare IT
provider, and TELUS International delivers the most innovative
business process solutions to some of the world's most established
brands.
Driven by our passionate social purpose to connect all Canadians
for good, our deeply meaningful and enduring philosophy to give
where we live has inspired our team members and retirees to
contribute more than $736 million and
1.4 million days of service since 2000. This unprecedented
generosity and unparalleled volunteerism have made TELUS the most
giving company in the world.
For more information about TELUS, please visit telus.com, follow
us @TELUSNews on Twitter and @Darren_Entwistle on
Instagram.
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.