VANCOUVER, BC, Oct. 15, 2020 /CNW/ - Loop Insights Inc.
(TSXV: MTRX) (OTCQB: RACMF) (the "Company" or "Loop"), a provider
of contactless solutions and artificial intelligence ("AI") to
drive real-time insights, enhanced customer engagement, and
automated contact tracing to the brick and mortar space, is pleased
to announce the Company has been accepted into the TELUS IoT
Marketplace (T:TSX; TU: NYSE), which will serve to significantly
expand Loop's sales distribution channels on a national scale.
TELUS launched the TELUS IoT Marketplace to help Canadian
businesses accelerate the adoption of Internet of Things (IoT)
tech. The marketplace is designed to allow businesses to quickly
deploy IoT solutions while acting as a lead generation and sales
channel for developers. TELUS has also committed its sales and
marketing teams to provide support.
Andrew Turner, TELUS VP
Strategic Operations, stated: "By partnering with innovative
and leading IoT development companies, such as Loop, we're ensuring
that our customers have access to some of the most advanced IoT
business solutions in the world."
Rob Anson, CEO Of Loop
Insights, stated: "To be recognized by TELUS as one of the most
advanced IoT solutions in the world for their customers is as good
as it gets for third party validation of our technology. More than
just words, their sales and marketing support will be invaluable in
commercializing and distributing our technology to TELUS customers
across Canada, providing us with
even greater strength when speaking to potential IoT customers
around the world."
CANADIAN IoT MARKET TO HIT $21.8 BILLION BY 2023
The TELUS IoT Marketplace distribution channel is both critical
and timely to Loop, given the growth of IoT taking place Globally.
IoT investment in Canada is
growing exponentially, requiring companies and organizations to
access new services to stay competitive and relevant quickly.
Loop's addition to the TELUS marketplace provides marketing
exposure and industry validation, making it easier for businesses
to access Loop's game-changing technology.
Nigel Wallis, Vice President,
Internet of Things and Industries at IDC Canada, stated:
"In Canada alone, IDC anticipates
that the total IoT market will grow to $21.8
billion in 2023. While organizations are investing in
hardware, software, and services to support their IoT initiatives,
their next challenge is finding solutions that help them manage,
process, and analyze the data being generated from all these
connected things."
This Press 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 TELUS:
TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading
communications and information technology company with $14.6 billion in annual revenue and 14.2 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 $700 million and
1.3 million days of service since 2000. This unprecedented
generosity and unparalleled volunteerism have made TELUS the most
giving company in the world.
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.
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SOURCE LOOP Insights Inc.