VANCOUVER, British Columbia, July 11, 2019 – Loop Insights Inc. (TSX.V: MTRX) (the “Company” or “Loop”), is pleased to announce today Loop has entered into a strategic partnership with Telus for Loop’s recent product launch of Fobi. Fobi is a new proprietary IOT device that is powered by a cellular module which will feature TELUS LTE connectivity in Canada.
“This is a monumental day for Loop as entering into a strategic partnership with Telus paired with the launching of FOBI, our new sim enabled product, aligns with Loop’s vision to remain lean, agile and highly profitable. We believe we are very well positioned to achieve global scale through our Strategic Channel Telecom Partnerships”, offers Rob Anson, Loop CEO.
Andrew Turner, Vice President, Customer Marketing, TELUS Business Solutions states:
“I am delighted to be partnering with Loop for the launch of their new SIM enabled IoT device. The TELUS partnership will provide connectivity to TELUS 4G/5G wireless network supported by our market leading IoT platform. I see this as the first step in forming a broader partnership between TELUS and Loop. I look forward to working with and supporting Loop as they scale across Canada”
Loop offers a simple solution to seamlessly connect insights across all channels, optimizing operational efficiencies and profitability. The Loop Platform has been architected for large scale deployment and provides unparalleled insights and sales intelligence. Loop’s technology will quickly disrupt the way data is being collected, analyzed and actioned for the physical brick and mortar retailers and brands.
Loop is a technology company that has developed a unique automated AI marketing platform that is leveling the playing field for bricks and mortar retailers in their battle with online digital competition. Loop gives brands and retailers the capability to inter-connect their physical and digital ecosystems by using the Loop device that can be plugged into any point of sale environment, independent of hardware or IT networks, thus enabling rapid deployment and global scalability. By using Loop’s “Bricks and Clicks Solution”, it is management’s belief that retailers and brands will be able to transform the way they conduct their business. Retailers and brands benefit from making real-time, data-driven decisions that help them curate unique personalized customer experiences in stores, a capability which previously did not exist.
Forward Looking Statements/Information:
This news release contains certain statements which constitute forward looking statements or information, including statements regarding Loop’s business and technology; the ability of Loop to engage with industry participants to achieve its goals; the development of Loop’s technology; and the viability of Loop’s business model. 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, 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.
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