VANCOUVER, BC, March 31, 2021, Loop Insights Inc. (MTRX:TSXV; RACMF:OTCQB) (the “Company” or “Loop”), is pleased to announce the Company has partnered with Data Clymer to provide Loop’s real-time data collection, insights and engagement solutions to Data Clymer’s growing list of clients, including its leading clients in professional sports and live entertainment.
PARTNERSHIP WITH DATA CLYMER SOLVES MAJOR REAL-TIME DATA ANALYTICS ISSUES FOR PRO SPORTS TEAMS, LEAGUES, STADIUMS, AND VENUE HOSTS BY PROVIDING ACCESS TO LOOP INSIGHTS SOLUTIONS
Data Clymer has significant experience in live sports and entertainment, including clients in Major League Baseball and the National Football League that are now demanding more flexibility with their data and analytics systems. Specifically, current “black-box” customer data platforms are creating bottlenecks for organizations, leading to a poor customer experience including:
- Information stuck in data silos
- Slow “time-to-insights”
When integrated with Data Clymer’s existing technologies, Loop Insights will provide its solution for professional sports teams, leagues, stadiums, and venue operators seeking to aggregate and action the countless data points generated by today’s live sports and entertainment venues.
Aron Clymer, Founder & CEO of Data Clymer stated “As a leader in the business intelligence and data space, Data Clymer prides itself in guiding organizations to leverage the full value of their data. We are confident Loop’s products and services will greatly enhance the abilities of our clients in live sports and entertainment as they seek to unify and aggregate their data points to provide a revolutionary in-stadium experience.”
Data Clymer is a full-service data consulting firm that implements technologies such as Snowflake, Matillion, Fivetran, Looker, Sigma, and Tableau, and now includes Loop’s real-time data collection, insights, and engagement solutions.
Loop Insights CEO Rob Anson stated “The importance and validation of this partnership can best be understood by a recent testimonial of the San Francisco Giants who stated ‘Our partnership with Data Clymer is the single best decision we made in our efforts to ramp up our analytics efforts’. This key partnership puts Loop alongside a very elite list of Data Clymer partners that includes top tech solution providers such as Snowflake, Looker, Tableau and many others. Loop’s ability to provide real-time interoperable POS data connectivity for venue owners and operators has brought a great deal of interest within the sports and entertainment industry as of late. With this Data Clymer partnership, we anticipate Loop will benefit from and experience an entirely new level of growth in revenue and scale within the sports and entertainment vertical.“
DATA CLYMER PARTNERSHIP WILL BOLSTER OFFERINGS IN USD$4.6-BILLION GLOBAL SMART STADIUM MARKET
According to Markets and Markets, the global smart stadium market grew to USD$4.6-billion in 2018 and is expected to reach USD$12.5-billion by 2023, representing a Compound Annual Growth Rate (CAGR) of 22.1%. Loop’s data solutions provide venue hosts with a means of aggregating the most important customer information available in order to generate actionable insights, engage with their customers in real-time, and optimize its operations.
The growth of the smart stadium market has been driven by the advancements in stadium technologies, which have improved vastly to provide owners with countless data points, including information accrued from tickets, concession sales, retail transactions, parking, accommodations, and more services offered in association with live events.
Through Loop’s data solutions, venues are able to aggregate these siloed and disparate data sets into one complete dashboard, providing hosts with actionable insights that can be used to engage in real-time with their customers to improve the overall fan experience.
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 Data Clymer
Data Clymer (www.dataclymer.com) is a boutique consulting firm specializing in data culture transformation. The company’s proven methodology includes full data warehouse stack implementation, data democratization, custom training, and analytics to enable data-driven decisions across the organization.
About Loop Insights
Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, venue 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.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. Any securities referred to herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to a U.S. Person absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.
Notice Regarding Forward-Looking Statements
Certain statements in this news release related to the Company are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding the closing of the Transaction; post-closing objectives of Loop for acquired assets; the expectation of additional revenues to Loop post-closing; the expectation that Loop will be able to successfully integrate the acquired assets; that the Acquisition may position Loop for future growth; and that the vendors will assist Loop with the transition of operations post-closing. There are numerous risks and uncertainties that could cause actual results and Loop’s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) COVID-19 risks; (ii) difficulties and delays associated with integrating and growing the acquired assets post-closing; (iii) risks inherent in the technology and AI industries in general; (iv) other factors beyond the control of the Company; and (v) risks outlined in Loop’s publicly filed documents available on SEDAR. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.