- Digital connectivity and tracing innovator Loop Insights is developing contactless, digital wallet-based disruptive services in an era defined by the COVID pandemic’s distancing protocols
- During 2020, as many businesses floundered, Loop recorded its most successful year ever by forging a variety of partnerships for government and retail solutions, consumer access to healthcare information, and the rebirth of select in-person events
- Loop provided venue tracing and informational services as the tech resource for two NCAA sports bubble events during the year and is helping the travel and film industry to similarly renew productivity with minimized concerns about viral infection
- Loop’s solutions are also providing disparate governments with the ability to work together with shared information on COVID-19 medical and security protocols while maintaining their own local authority through control of their data repositories
The year 2020 was a make-or-break period for many businesses as they scrambled to continue their operations during the COVID-19 pandemic. Decisions had to be made about staffing levels, policies to protect the health of employees and customers, and how to best connect with customers and the product supply chain as a result of efforts to reduce the risk of transmitting a contagion responsible for killing or debilitating millions of people (https://ibn.fm/smlZw).
Internet of Things (“IoT”) data connectivity innovator Loop Insights (TSX.V: MTRX) (OTCQB: RACMF) is celebrating its “most successful year ever” after finding itself positioned with the right product and service at the right time to capitalize on the exponential growth of highly connected consumers online as a result of the pandemic.
“Throughout the year, my team and I have worked tirelessly to create products and solutions that would gain the trust of our partners … so that they could have the confidence necessary to bring this into their global customer opportunities,” Loop Insights CEO Rob Anson stated in a recap of the company’s progress (https://ibn.fm/Fvruj). “I am happy to report that we have accomplished this goal and as a result of these world-class partnerships, are now on the cusp of participating in global opportunities we never thought possible at the beginning of 2020.”
Loop has deployed its digital Wallet as part of the company’s venue management platform, which provides venue-based tracing, real-time customer engagement, and AI-driven insights. As demonstrated by Loop during its deployments at two NCAA venue bubbles, the company’s platform offers a number of real-world applications that can be applied to a number of industries, including live sports, entertainment, film, travel, and many others.
CEO Rob Anson also noted that a number of significant developments in 2020 will still have further implications for the company moving forward into 2021. Loop has existing partnerships with Amazon Web Services for networking with government leaders, two product partnerships with TELUS to promote its products, and an existing partnership with NTT DATA (a subsidiary of Nippon Telegraph and Telephone) that all offer significant potential for expansion. Additionally, the company’s partnership with Vend, has led to a number of retail opportunities through the company’s exposure to 25,000 stores in over 140 countries.
Loop’s contactless solutions are also being employed in its Digital Connect Health Platform, which was launched this month to streamline patient interaction with medical providers. Through a simple wallet pass, patients can easily check-in for appointments, receive updates on testing, and be notified in real-time about virus tracing and other critical health information all connected by a digital ID.
“The attempted implementation of wildly varying COVID-19 medical and security protocols, as well as, restriction policies by health officials and government leaders from around the world, has clearly demonstrated how divided government leaders have become by jurisdictional lines due to the lack of a single platform capable of providing uniformity and consistency in the application of policies,” Loop’s news release about the platform stated (https://ibn.fm/1OQSn). “Recognizing this breakdown, in conjunction with input from those same government leaders, Loop Insights developed the Digital Connect Health Platform to be capable of connecting Provincial and Federal systems while allowing Provinces to fully maintain their jurisdictional authority by managing their own internal data repositories.”
Loop’s ability to provide governments and the private sector with the means of connecting their current legacy and antiquated systems is “so revolutionary that it has attracted the attention of global technology companies and has positioned Loop for success within healthcare,” Anson stated.
For more information, visit the company’s website at 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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