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Loop Insights (RACMF) has entered a Proof of Concept (PoC) with Suresite Group to enhance retail operations in the UK forecourt sector. Utilizing Loop’s Fobi IoT device and Insights platform, selected Suresite locations will gain real-time access to transaction data from POS systems. This collaboration aims to address the evolving needs of retail, particularly in response to changing consumer behavior during the pandemic. The UK's forecourt sector generates around £4.5 billion annually, highlighting the significance of this partnership.
Loop Insights Inc. has partnered with DGTL Holdings Inc. to enhance digital marketing in the $355 billion digital advertising market. This collaboration will allow Loop to access major brands and improve customer engagement through AI-driven insights. The integration of Loop's data analytics with DGTL's social media platform aims to optimize marketing campaigns and create new revenue streams. Both companies anticipate deeper connections with consumers and the ability to provide real-time performance metrics for their clients' advertising campaigns.
Loop Insights (RACMF) has successfully integrated with Vend's Billing API, enhancing onboarding for Vend's 20,000+ global retailers. This partnership facilitates faster access to Loop's multi-domain and historical reporting solutions. The integration aligns with Vend's upcoming acquisition by Lightspeed, expanding potential customer reach to 155,000 locations. Loop's CEO highlighted the significant revenue opportunity this presents for all parties involved. The collaborative effort aims to drive growth in the $23-trillion global retail market, positioning Loop for accelerated expansion.
Loop Insights Inc. (RACMF) announced its membership in the Sovrin Foundation, enhancing its digital identity capabilities through blockchain technology. The integration with Sovrin will allow Loop to verify credentials issued via its mobile wallet, improving security, privacy, and interoperability. With the acquisition of Passcreator, Loop can ensure users' personal data remains secure while enabling third-party verification. The collaboration aims to streamline user experiences for mobile wallet passes, emphasizing the importance of blockchain in safeguarding personal information.
Loop Insights has partnered with Data Clymer to enhance real-time data analytics for clients in professional sports and live entertainment. This collaboration aims to resolve issues related to data silos and slow insights, allowing teams and venues to integrate multiple data sources effectively. With the global smart stadium market projected to grow from USD 4.6 billion in 2018 to USD 12.5 billion by 2023, Loop's solutions are positioned to help clients optimize operations and enhance customer engagement. This partnership is expected to significantly boost Loop's revenue and market presence.
Loop Insights Inc. (RACMF) announces a pilot program with Sobeys, Canada’s second-largest grocery chain, to implement Loop’s AI-driven Insights and Engage platforms across five selected stores. The pilot will also test Loop’s new digital receipt capability and Wallet pass technology aimed at enhancing customer engagement and optimizing retail operations. Sobeys, generating over $28 billion in annual sales from 1,400 locations, aims to improve customer experience through this collaboration. Successful results may lead to further expansion of the partnership.
Loop Insights Inc. has successfully executed its venue management platform at the 2021 Big West Conference Championship in Las Vegas, marking it as the largest venue bubble deployed to date. This event protected NCAA stakeholders while operating under Nevada's new 50% capacity regulation for live events. Loop's platform showcased enhanced security and user-friendly features, attracting attention from major sports and hospitality organizations. The CEO noted that recent successes are accelerating discussions with several professional sports entities, positioning Loop for potential significant future contracts.
Loop Insights has appointed Ian Cameron, previously with Seiko Epson Corporation, as VP of Marketing effective March 15, 2021. Cameron brings over 20 years of experience in global marketing, eCommerce, and brand management, having successfully improved profitability and digital transformation at Epson. His expertise is expected to accelerate Loop's growth and market positioning in AI solutions for brick-and-mortar spaces. This leadership change signals Loop's commitment to enhancing its marketing strategies as it expands its reach across various industries globally.
Loop Insights Inc. has signed a letter of intent (LOI) to grant a non-exclusive license to Maitri Health Technologies for $2 million, which includes $250,000 in cash and $1.75 million in shares. This collaboration aims to modernize PPE offerings by integrating Loop's AI technology with Maitri's certified PPE products, targeting the $120 billion PPE market. The partnership anticipates leveraging advanced technology to enhance safety protocols in workplaces and communities, ultimately supporting economic recovery.
Loop Insights has partnered with the World Boxing Council to enhance global fan engagement during the Canelo vs. Yildirim championship fight on February 27, 2021, at Miami's Hard Rock Stadium. Loop's Wallet pass platform will enable real-time fan interaction and updates, engaging over 10 million social media followers associated with the fighters and the WBC. This initiative aims to drive new revenue streams through increased fan spend and direct communication via the WBC-branded Fan Pass, enhancing the overall fight experience.
