Loop Insights (TSX.V: MTRX) (OTCQB: RACMF), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated venue tracing to the brick-and-mortar space, has been selected by Big White Sky Resort to execute its venue management-platform. The resort expects Loop Insights to facilitate complementary COVID-19 safety protocols for its visitors and staff using Loop’s proprietary platform. The announcement noted that the agreement has potential to generate $7.2 to $9.6 million in newline revenues for both companies. Loop Insights will instigate the safety protocols at all Big White Ski Resort and its facilities. The four-year, venue-management agreement notes that both parties anticipate generating revenue through monthly Software as a Service (“SaaS”) sources, fees generated per active Wallet pass and joint marketing opportunities offered through the Wallet pass. Big White Sky Resort is British Columbia’s second-most popular ski resort, with thousands of guests visiting every year. Loop plans on using its venue tracing technology to provide safety protocols for those guests as well as Big White Sky Resort employees. “We are proud to see the success TELUS has had offering Loop’s products through its IoT Marketplace to such key clients such as Big White Ski Resort,” said Loop Insights CEO Rob Anson in the press release. “The magnitude of this win cannot be overstated. Big White Ski Resort is not only a top Canadian ski resort but also a globally-renowned ski resort that will garner significant attention to our solution. Moreover, as a British Columbia company, Loop is proud to help one of the Province’s biggest tourist attractions via the implementation of our solution stack.”
To view the full press release, visit https://ibn.fm/Es75O
About Loop Insights Inc.
Loop Insights 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. RACMF’s 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 United States, the UK, Latin America, Australia, Japan and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network and sold through the TELUS IoT Marketplace. For more information about the company, please visit www.LoopInsights.ai.
NOTE TO INVESTORS: The latest news and updates relating to RACMF are available in the company’s newsroom at https://ibn.fm/RACMF
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