Loop Insights and Empower Clinics Establish ‘Re-open Vancouver’ Coalition to Deploy Proven Health & Data Infrastructure I...
January 26 2021 - 6:00AM
Loop Insights Inc. (TSXV:MTRX OTCQB:RACMF) (the “Company” or
“Loop”), a provider of contactless solutions and artificial
intelligence (“AI”) to drive real-time insights, enhanced customer
engagement, and automated venue management solutions to physical
brick and mortar operators, is pleased to announce the Company has
partnered with Empower Clinics to establish the Re-open Vancouver
coalition with the goal of obtaining an approved end-to-end
COVID-19 mitigation solution that can be presented to local,
Provincial and Federal Government authorities on behalf of local
stakeholders to help in the re-opening of Vancouver’s travel and
tourism industry, including Vancouver’s cruise industry.
Loop Insights and Empower Clinics will lead a coalition to
deploy the necessary infrastructure needed to enable the economic
recovery of the local Vancouver economy. Under the leadership of
Loop and Empower, the Re-open Vancouver coalition will focus on a
science and data-driven approach to delivering an integrated
end-to-end solution worthy of re-opening Vancouver’s robust tourism
industry, including its convention center and cruise ship industry.
According to Your Canada, Vancouver’s tourism industry generates
approximately 15 million unique visitors per year.
Following the Canadian federal government’s announcement that
all international travelers will be required to provide proof of a
negative COVID-19 test in order to enter the country, Loop and
Empower feel the two companies are uniquely positioned to provide a
combined solution in the form of a digital Wallet pass with
bank-level security and privacy that can be offered to travelers
visiting Vancouver.
Steven McAuley, Chairman, and CEO of Empower
stated “Benefiting from the leadership of two local Vancouver
public companies, with the support of significant private and
public sector participants, Re-open Vancouver is confident it will
demonstrate how crucial our efforts are to the economy of the City
of Vancouver, the Province of B.C. and Canada. In partnership with
Loop Insights, we have market-proven tools, services, testing
products, and healthcare infrastructure to make this happen
now."
Tourism Industry Facing $3.3 Trillion In Global Losses
Due to Closures
According to the United Nations Conference on Trade and
Development (UNCTAD), the tourism industry stands to lose up to
$3.3 trillion in revenue due to closures if the industry is to
remain shuttered for a year. In an effort to prevent these losses,
Loop Insights will continue to work with Empower to deploy its
integrated venue management platform to protect industries in need
of robust safety and security protocols. To date, the Re-open
Vancouver Coalition has entered into conversations with leading
stakeholders in the tourism, travel, and hospitality
industries.
Loop Insights CEO Rob Anson stated: “Many key
provincial stakeholders in the travel, tourism, and hospitality
sector have recently reached out as a result of our most recent
successes deploying Loop’s venue management platform. Operators are
in desperate need of a seamless and transformative solution that
kickstarts the economic recovery process. Along with Empower
Clinics, we will look to work with industries’ best of breed
partners to deliver a unified solution that ensures best practice
considerations in regards to the health, safety, and wellbeing of
local residents and tourists alike.“
Loop Insights first partnered with Empower Clinics in October
2020 to provide an end-to-end COVID-19 mitigation solution complete
with venue tracing, real-time automated guest exposure
notifications, and testing procedures based on published
guidelines.
About Empower Clinics
Empower is an integrated healthcare company that provides body
and mind wellness for patients through its clinics, with digital
and telemedicine care, and world-class medical diagnostics
laboratories. Supported by an experienced leadership team, Empower
is aggressively growing its clinical and digital presence across
North America. Our Health & Wellness and Diagnostics &
Technology business units are positioned to positively impact the
integrated health of our patients, while simultaneously providing
long term value for our shareholders.
About Loop Insights
Loop Insights Inc. is a Vancouver-based Internet of Things
(“IoT”) technology company that delivers transformative artificial
intelligence (“AI”) automated marketing, contact 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.
For more information, please contact:
Loop Insights Inc. |
|
LOOP Website:
www.loopinsights.ai |
Rob Anson, CEO |
|
Facebook: @ LoopInsights |
T : +1 877-754-5336 Ext.
4 |
|
Twitter: @ LoopInsights |
E: ir@loopinsights.ai |
|
LinkedIn: @ LoopInsights |
This news release contains certain statements that 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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
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