VANCOUVER, British Columbia, July 7, 2020 – Loop Insights Inc. (TSX.V: MTRX) (the “Company” or “Loop”), a provider of transformative artificial intelligence (“AI”) solutions announced it has now entered into a partnership with Omnivore (“Omnivore”), a universal point-of-sale (POS) connectivity platform enabling hundreds of technology providers to integrate seamlessly.
Utilizing Loop’s latest technology “Loop Cloud”, an Application Programming Interface (“API”) cloud software, the Company has made a strong strategic move to partner with Omnivore, the leading software integrator in the restaurant and hospitality industry. Loop’s integration with Omnivore’s Connectivity Platform makes its services instantly available to hundreds of restaurant brands and POS companies. The Omnivore integration enables the Company to save time, money, and resources by creating a single API integration. This integration will streamline the onboarding of new customers and allow Loop to scale much quicker in the global hospitality industry.
Loop CSO David Salisbury: “Through Omnivore’s App Marketplace, restaurant operators will instantly be able to purchase and use Loop’s rapidly expanding portfolio of products and services designed to drive personalized automated marketing and contactless solutions.
Loop CEO Rob Anson: “We’ve gained incredible momentum since our appointment into the Amazon Partner Network(“APN”), as many hospitality clients are reopening their businesses. The integration provides Loop instant scalability throughout Omnivore’s extensive partnership network.
About OMNIVORE: Revolutionizing the worlds of hospitality and retail, Omnivore connects a retailer’s point-of-sale (POS) with new technologies, driving engagement through the full lifecycle of the consumer experience. Omnivore’s cloud-based platform enables a single integration through their API, seamlessly facilitating the connections to POS systems now and into the future. The platform helps restaurants discover apps for payment, reservations, delivery, loyalty, analytics, and more to connect with millions of consumers around the world. Omnivore enables access to real-time, quality consumer level point of purchase intelligence.
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 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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