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Fobi AI Inc. has announced it will commence trading under the new symbol FOBIF on the OTCQB effective June 10, 2021, following approval of its name and symbol change from RACMF. This rebranding aligns with Fobi's strategy to position itself as an enterprise player in data intelligence, enhancing visibility for investors. CEO Rob Anson expressed optimism that the new symbol will aid in the company's market presence. Current shareholders need not take any action regarding this change.
Fobi AI Inc. (RACMF) has officially changed its name from Loop Insights Inc. The TSX Venture Exchange approved this name change on June 4, 2021, alongside a new ticker symbol, FOBI. CEO Rob Anson emphasized this transition as a pivotal moment, enabling the company to enhance its market presence and aim for uplisting to the TSX. Fobi AI specializes in real-time data analytics to drive customer engagement, positioning itself to leverage the digital transformation in various industries.
Fobi AI Inc. has appointed Richard Lee as its new SVP of Strategy & Corporate Development. Lee, previously at NielsenIQ, brings extensive experience in strategic alliances and business development, particularly in the retail and CPG sectors. Fobi's CEO Rob Anson expressed confidence in Lee’s ability to enhance the management team and accelerate growth. Lee's expertise will focus on investment opportunities, partnerships, and mergers to bolster Fobi's innovation and market presence. This strategic hiring is expected to drive Fobi’s growth in the rapidly evolving retail landscape.
Fobi AI Inc. (formerly Loop Insights Inc.) has received approval from the TSX Venture Exchange to change its name and trading symbol from MTRX to FOBI, effective June 4, 2021. This rebranding is a significant step towards the company's goal of uplisting to the TSX later this year. CEO Rob Anson mentioned that transitioning from successful pilots to revenue-generating contracts positions Fobi well in the growing data intelligence market. Importantly, there is no change in the company's capitalization, and existing shareholders will not need to take any action regarding the name change.
Fobi AI Inc. (RACMF) announced a virtual-only shareholder update call scheduled for June 2, 2021, from 9-10 am PST. CEO Rob Anson and CFO Mark Lotz will discuss the company's latest financial results, milestones, and future plans. Investors can submit questions to ir@fobi.ai for live Q&A. Fobi AI specializes in data intelligence, helping clients convert real-time data into actionable insights. Their innovative IoT solutions cater to various industries, including retail and telecommunications. For more information, visit the Fobi website.
Fobi AI, formerly known as Loop Insights, has officially rebranded, marking a strategic shift towards focusing on enterprise clients. The company aims to enhance its image in line with its innovative IoT platform, which delivers real-time data insights to major enterprises across various sectors. Fobi has experienced significant growth through partnerships with industry leaders such as AWS and Oracle. The rebranding includes a new logo and website, and ticker symbols will soon change to reflect the new name. Fobi anticipates further commercial agreements as pilot tests conclude.
Loop Insights Inc. (RACMF) has expanded its partnership with TELUS through a multi-year reseller agreement, enabling TELUS to sell Loop's solutions to its national customer base. TELUS, which generated $15.5 billion in annual revenue in 2020, will provide marketing, pre-sales, and support services, significantly enhancing Loop's growth potential. This partnership grants Loop immediate access to TELUS's vast client network, trusted reputation, and sales team, facilitating accelerated sales growth with reduced infrastructure costs.
Loop Insights Inc. (RACMF) has announced a multi-year reseller agreement with TELUS, upgrading their partnership from IoT Marketplace listing to direct reseller. This transition enhances Loop's access to TELUS's extensive national client base and sales support team. TELUS will market Loop's products, allowing for accelerated sales growth with minimal infrastructure costs. The agreement signifies confidence from TELUS in Loop's innovative solutions and offers benefits including real-time insights and personalized engagement for TELUS clients, fostering operational efficiency and profitability.
Loop Insights (RACMF) has successfully integrated its Loop Wallet pass platform with The Coupon Bureau's new Universal Digital Coupon standard. This development enables the company to enter the $225 billion Consumer Package Goods market with advanced coupon technology. The integration addresses fraud issues in the coupon industry, which reportedly loses $300-$600 million annually. Users can now redeem coupons securely through their mobile phones, enhancing user experience and operational efficiency. Additionally, Loop expects to generate significant revenue from this collaboration through various models based on user interactions and retailer participation.
Loop Insights has reported significant advancements across multiple fronts, including partnerships with industry giants like NielsenIQ and Oracle. The company has executed over $3 million in warrant exercises, strengthening its balance sheet and increasing its market capitalization by 34.3% compared to the TSX Venture Index. Loop is on track to uplist to major exchanges by Q3 2021, highlighting continued growth in strategic alliances and pilot projects. The recent acquisition of Passcreator further propels its offerings, enhancing its position in the market.
