Loop Insights Inc. (MTRX:TSXV; RACMF:OTCQB) (the “Company” or
“Loop”), a leading data intelligence company using artificial
intelligence to drive real-time insights, enhanced customer
engagement and automated venue tracing for global retailers and
venues, is pleased to announce a multi-year reseller agreement with
TELUS (T:TSX; TU:NYSE) in which TELUS will be selling Loop
solutions directly to their national customer base as a TELUS
product.
This upgrade in the Loop - TELUS relationship from IoT
Marketplace partner to procurement reseller of Loop solutions
represents a significant progression in the relationship and
further supports the confidence shared by the world’s biggest
technology companies in Loop as a global leader in real-time data
driven analytics. As a result of this new upgraded relationship
Loop will enjoy significant business development benefits
including:
- Direct access to the large, national network of TELUS
clients
- Immediate access to the large, national TELUS sales &
support team
- TELUS reputation and status as a trusted national supplier
- Accelerated sales growth with limited increase to
infrastructure
- Multiple-Year commitment and long-term sales visibility
Andrew Turner, TELUS VP Strategic Operations
stated: "It has been quite something to witness Loop
evolve over the past couple of years as they have continued to make
big strides and deliver for us. The Telus team have
been extremely impressed with the high level of product innovation
and data services that Loop offers to their customers as well as to
the Telus clients. Telus is always looking to partner
with innovative and disruptive companies, and this reseller
agreement with Loop will now provide our customers with the best of
both worlds, Loop solutions sold and serviced by Telus."
Loop Insights CEO Rob Anson stated “We are
incredibly proud of this new reseller agreement with TELUS and the
validation it brings to Loop through their confidence to sell our
solutions directly to their customers. We were honoured to be added
to the TELUS IoT Marketplace in 2020 but now becoming one of the
select few products to be resold as their own to their national
client base is the ultimate achievement. We look forward to growing
our businesses together by delivering great solutions to TELUS
clients.”
TELUS is one of Canada’s largest telecommunications companies
with $15.5 billion in annual revenue in 2020 and 16
million customer connections spanning wireless, data, IP, voice,
television, entertainment, video, and security. Telus will provide
marketing, pre-sales, and sales services for Loop products which
will allow Loop to scale and grow the business much faster through
a trusted partner. Telus will also provide service and support for
Loop products, which will help Loop cut costs as it reduces the
investments that Loop will need to make to build out a service and
support infrastructure.
Telus will be offering the full suite of Loop Products including
Loop’s Data Insights and Wallet pass Engagement platforms, that
offer 3 key benefits to Telus clients:
1) Interoperable Data Connectivity through
proprietary technology that transforms companies from edge to cloud
bridging the gap between online and offline data.
2) Real-time Insights that increase operational
efficiencies leading to higher profitability.
3) Personalized Engagement that generates new line
revenue, reduces customer acquisition costs, and increases ROI.
This reseller agreement with TELUS represents further validation of
Loop’s reseller channel business model and adds to Loop’s growing
roster of reseller and licensing partners such as NTT Data, Vend,
Oracle and Shopify. Loop’s mission is to level the playing field
between brick & mortar and online giants, through reseller
partnerships that validate our world-leading real-time data
analytics capabilities. Our success to date on both the partnership
and technology fronts positions Loop extremely well to capitalize
on this growing market on a global scale.
This press release is available on the Loop Insights Verified
Forum on AGORACOM for shareholder discussion, questions and
engagement with management.
https://agoracom.com/ir/LoopInsights.
About Loop InsightsLoop Insights Inc. is a
Vancouver-based Internet of Things (“IoT”) technology company that
delivers transformative artificial intelligence (“AI”) automated
marketing, venue 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.
About TELUS
TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading
communications and information technology company with $15.5
billion in annual revenue in 2020 and 16 million customer
connections spanning wireless, data, IP, voice, television,
entertainment, video, and security. We leverage our global-leading
technology to enable remarkable human outcomes. Our longstanding
commitment to putting our customers first fuels every aspect of our
business, making us a distinct leader in customer service
excellence and loyalty. TELUS Health is Canada's largest healthcare
IT provider, and TELUS International delivers the most innovative
business process solutions to some of the world’s most established
brands.
Driven by our passionate social purpose to connect all Canadians
for good, our deeply meaningful and enduring philosophy to give
where we live has inspired our team members and retirees to
contribute more than $700 million and 1.3 million days of service
since 2000. This unprecedented generosity and unparalleled
volunteerism have made TELUS the most giving company in the
world.
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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