VANCOUVER, British Columbia, May 27, 2020 – Loop Insights Inc. (TSX.V: MTRX) (the “Company” or “Loop”)— provider of transformative artificial intelligence (AI) solutions— announced a signed Memorandum of Understanding (MOU) agreement with German digital wallet pass developer, mediahelden GmbH (Passcreator).
As Loop gains traction globally, it has partnered with Passcreator to ensure that all Loop clients can offer unparalleled experiences to their customers. The Company is set to implement international projects in tourist hotspots such as Mexico, Indonesia, the USA, Canada, and most recently Japan—in preparation for the 2021 Olympic Games. Passcreator provides Loop an agile multilingual product upgrade to support its extension into new markets.
Loop CEO Rob Anson stated: “As we enter different verticals and move across geographical borders, we need a partner that is adaptable and can cater to our diverse set of clients. With Passcreator’s ability to manage up to 40 languages, and deliver innovative passes quickly and at scale, we are confident that it will support our global expansion without friction.”
mediahelden CEO Mario C.G. Juhnke commented: “With Loop’s AI capacities, our wallet pass technology is brought to new levels. We are constantly seeking partnerships that are mutually enhancing. We look forward to driving innovation together.”
Covid-19 has accelerated retail’s digital transformation. Loop’s contactless solutions are rapidly gaining global recognition as a turnkey solution for convenient, seamless experiences for both merchant and shopper.
About Passcreator: mediahelden is a German wallet pass software company that offers clients a software as a service solution for mobile marketing. Compatible with wallet apps on both iOS and Android, Passcreator seamlessly integrates with existing marketing platforms, as well as supports the creation of new ones. Furthermore Passcreator is fully GDPR compliant and highly scalable. This solution is suitable for companies of all sizes.
About Loop Insights: is a Vancouver-based technology company that provides transformative artificial intelligence (AI) solutions to level the playing field between brick and mortar retailers and their online competition. Particularly, Loop’s technology aggregates online and on-premise data to enable real-time, data-driven marketing decisions for an enhanced customer experience. To close the consumer loop, the Company provides retailers and brands complete, real-time redemption metrics—something that does not exist in the brick and mortar environment today. Loop’s products integrate with clients’ existing legacy systems, which supports a seamless and convenient digital transformation.
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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