Loop Insights Inc., a provider of contactless solutions and artificial intelligence to drive real-time insights, enhanced customer engagement and automated venue tracing to the brick and mortar space, has sent us some highlights from 2020;
2020 CORPORATE DEVELOPMENTS
Loop Insights achieved a number of milestones this year as it developed its leading services including:
On June 8th, Loop Insights was selected to join Amazon Web Services Partner Network, joining the majority of Fortune 100 companies that rely on Amazon’s services every day. As a preferred partner, Loop will seize this networking opportunity to gain access to hundreds of ongoing AWS portfolios, as well as co-development projects. More than 90% of Fortune 100 companies source their solutions and services from Amazon.
On October 22nd, Loop Insights and Amazon Web Services announced the two companies would be hosting an interactive webinar to showcase Loop’s venue tracing capabilities. The webinar was a great success and achieved its maximum attendance of 1,000 viewers, with more than 88% of viewers remaining engaged through to the end of the final Q&A segment. Loop received inquiries from large corporations in sectors such as Airlines, Sports & Entertainment Enterprises, Telecom, and Government, with many significant discussions now at advanced stages.
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 our contact tracing product, which has received significant exposure to many of TELUS’s largest customers and ongoing significant discussions with them. The third-party validation that came with this acceptance has been instrumental in Loop’s contact tracing discussions with large corporate customers around the world.
On December 3rd, Loop announced the Launch Of A Second Product Into The TELUS IoT Marketplace For National Sales and Marketing To TELUS Business Customers. The Company’s second product accepted into the IoT Marketplace was our Insights service which consists of our IoT Fobi device, Loop Cloud API, and AI Insights Portal that provide 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 customers to increase revenues through increased spend per customer.
On December 17th, Loop announced the most significant partnership in its history with NTT DATA. As a result of this partnership, Loop will be exposed to global opportunities never thought possible earlier this year. For example, Loop’s successful live deployment of its Venue Bubble solution and its published capabilities with respect to its Travel Bubble solution will be the subject of work on major projects with NTT DATA.
RETAIL – VEND AND SHOPIFY
On August 10th, Loop Insights announced a reseller partnership and API integration with Vend, a leading global PoS company that operates over 25,000 stores across 140 countries. The announcement came with the partnership’s first sale to a franchise with 30 locations. Through the reseller partnership, Loop is working with Vend’s global team to continue to onboard new customers monthly.
On August 20th, Vend and Loop Insights announced a 20-store pilot that successfully concluded on November 4th with an agreement to deploy its insights platform at 550 “Your CBD” locations across 41 states, the largest CBD retailer in the United States. The Your CBD Store win includes the implementation of Loop’s data insights platform across 170 new stores by the end of 2020 and an additional 380 stores in Q2 of 2021.
Loop will significantly benefit from Vend’s large global sales team that is now actively selling Loop’s products and services to its current 25,000 retail customer base, which will provide additional recurring revenue opportunities through monthly SAAS, as well as, potential revenue share opportunities.
In the same announcement on November 4th, Loop announced the completion of its point of sale integration with Shopify, providing Loop with access to the 500,000 merchants currently using the Shopify platform. Completing our Shopify integration further bolsters Loop’s efforts to achieve global scale via e-commerce and bricks and mortar opportunities. Retailers look to leverage data to create personalized shopping experiences across channels and optimize retail supply chain and inventory management. This makes Loop’s real-time online and offline data connectivity vital.
On November 12th, Loop announced the 2021 integration of Uklipz into its product stack. This is a very important milestone for Loop due to the significant strength it adds to our offering and the disruption it creates in the massive but problematic consumer review industry. The UKLIPZ platform is another important strategic move by providing our partners and customers with another immediate complimentary plug-in to expand and significantly strengthen the current Loop solution offering. Revenues from UKLIPZ will be generated through multiple streams as follows:
- Monthly SaaS fees from Brands and Retailers
- Transaction fees when a consumer purchases through the platform
- Brands purchasing use of consumer video reviews
- Sponsored ads
WORLD’S FIRST EVER VENUE BUBBLES IN A LIVE ENVIRONMENT
On September 16th, Loop Insights signed an agreement with NCAA Division 1 school, the University of Houston, to implement its contactless venue tracing platform across its facilities. In addition, the school agreed to implement Loop’s contactless, artificial intelligence marketing solutions to provide personalized promotions and targeted engagement at University of Houston football games at TDECU Stadium.
On October 8th Loop announced it was selected as the Premier Venue Tracing and Fan Engagement Solution for NCAA College Basketball #VegasBubble in Las Vegas, where games were played at MGM Grand Garden Arena, Mandalay Bay Events Center, and T-Mobile Arena between November 25 and December 22, 2020.
On December 1st Loop announced achieving 100% success in delivering the first-ever fully integrated “Venue Bubble” in live environments at both NCAA College Basketball Tournaments. Live demonstrations of the Venue Bubbles lead to significant discussions about some of North America’s largest sporting events in 2021 that are set to continue after the holiday break.
EXTENDING VENUE BUBBLES TO FILM AND TRAVEL
On October 19th Loop Insights and Empower Clinics announced the combination of their respective Venue Tracing and COVID-19 testing expertise to create the first-ever “Travel Bubble” solution for the global travel industry. Subsequently, on December 9th Loop and Empower partnered with SimpliFlying, the world’s leading aviation marketing consulting firm, to support specific near-term opportunities with World Renown Resorts, National Tourism Boards, Major Airlines, Airports, Cruise Ships, and Ports.
On December 8th Loop Insights joined KABN Systems NA Holdings Corp. (CSE:KABN), Liquid Avatar, Lumedic, The Campus Agency, and TripXpertz to form a consortium to manage verifiable identity credentials for COVID-19 vaccinations. Through this consortium and Loop Insights’ previous partnership with iStoc, the Company is now able to provide medical testing beyond the scope of the COVID-19 pandemic.
On December 21st Loop announced the January 2021 launch of its Digital Connect Health Platform, a fully-integrated digital healthcare solution designed for both government and private sector. The launch comes after continuous discussions and requests from government leaders, both Provincial and Federal, over the past 7 months after the April 20 launch of the Beta version of its Smart Health contactless check-in platform, which streamlines patient engagement and operations. Loop’s Smart Health device requires a simple tap of the patient’s mobile phone to check in and verify their ID. Patients have frictionless access to everything they need in one simple wallet pass, including real-time notifications, testing and tracing updates, critical health information, and more.
CEO Rob Anson added “As shareholders can see from this year in review, Loop had an incredible year in 2020, and more importantly, is positioned with the right partners, products, pipeline, and financial resources to make the same quantum leap in 2021. Our success is reflective of our hard work and the exceptional quality of our people. Our team has grown and we’ve welcomed many passionate members who continue to drive innovation here at Loop. Despite the challenges created by the COVID-19 pandemic, the Loop team has overcome all obstacles and continues to work to drive the growth of the company, whether working remotely or together in our Vancouver office. We can’t wait to get back to work and deliver more big wins for our shareholders.”