Artificial Intelligence
Loop Corporate Update Includes Over $3,000,000 From Exercised Warrants, Pilot Tests Advancing To Commercial Terms, Partnership Advances and Uplisting Progress
VANCOUVER, British Columbia, May 20, 2021 (GLOBE NEWSWIRE) — Loop Insights Inc. (MTRX:TSXV) (RACMF:OTCQB) (the “Company” or “Loop”), a global leader in providing real-time data analytics through artificial intelligence to drive customer activation and engagement, is pleased to provide shareholders with the following corporate update reviewing significant positive results in all aspects of the Company.
Loop CEO Rob Anson states, “2021 continues to be a transformative year for our company, with major deals already announced with the likes of NielsenIQ, Oracle, All Net and many others in advanced stages of negotiation thanks to our growing position as the leader in real-time data analytics. Moreover, we have announced major pilot programs with national powerhouses such as Sobeys, Certas and Pharmassist, which are going exceedingly well and, in combination with our major partners, leading to many more such opportunities. Given the magnitude of these names, Loop’s reputation at the highest levels of global commerce now precedes itself and the stage has now been set for us to accelerate growth and execution across all our core markets on a global scale this year. In conjunction with over $3,000,000 received from recent warrant exercises and a stronger balance sheet due to reduced debt, Loop has never been stronger than it is today and we will be in a position to demonstrate that to our shareholders before the end of the second quarter.”
WARRANT EXERCISES IN EXCESS OF $3,000,000 DEMONSTRATE CONTINUING STRONG SHAREHOLDER SUPPORT AS LOOP SIGNIFICANTLY OUTPERFORMS TSX VENTURE INDEX
Despite significant weakness in the capital markets over the past three months, Loop has been able to successfully increase its market capitalization and see our share price return to January levels while significantly outperforming the TSX Venture Composite Index over the most recent 3-month period by approximately 34.3% (https://money.tmx.com/en/advanced-chart/MTRX)
As a result of this performance, Loop continues to receive strong shareholder support and confidence as demonstrated by the most recent receipt of over $3,000,000 from exercised warrants at the $1.50 level.
LOOP ON TRACK WITH PLAN TO UPLIST TO MAJOR EXCHANGES BY THIRD QUARTER
On December 7, 2020 Loop announced its intentions to uplist to the Toronto Stock Exchange and, if successful, its intentions to apply for listing on the NASDAQ. Given the Company’s continued success with world renowned technology giants and the inevitable need for significantly greater capital markets visibility, Loop is pleased to advise shareholders that we continue to work through the checklist of requirements and processes to achieve our uplisting goals this coming fall.
SIGNIFICANT STRATEGIC ALLIANCES AND 3RD PARTY VALIDATION HIGHLIGHTED BY NIELSENIQ ANNOUNCEMENT. ORACLE & THE COUPON BUREAU INTEGRATIONS
On April 29th, Loop announced an extremely significant strategic alliance with NielsenIQ that will completely transform the retail sector with the addition of Loop’s real time capabilities solving the data challenges of many existing and prospective NielsenIQ customers. NielsenIQ has already presented a target list of several large retail and convenience chains with a significant pain point around the lack of real-time data and lack of visibility into their franchise outlets that will be introduced to Loop starting in June.
On April 22nd, Loop announced another significant partnership, this time with Oracle, the second largest POS vendor in the world. Being accepted into the Oracle Partner Network demonstrates world-class recognition of Loop’s leadership position in the retail industry, coming on top of existing agreements with Vend, Shopify, and VenueNext. Our Oracle partnership represents a significant revenue opportunity for Loop as a result of gaining access to Oracle’s client base in need of Loop’s real-time, multi-location reporting, and cross-channel marketing opportunities.
And on May 18th, Loop announced an integration with The Coupon Bureau (TCB), which holds the potential to be one of the most significant integrations in the company’s history as indicated by the inbound interest created within hours of the announcement. TCB is developing the next generation coupon standard which, when combined with Loop’s Wallet pass technology, will provide consumers with the long awaited capability of redeeming coupons safely and securely directly from their mobile phones. To this end, TCB has already introduced Loop to some of the world’s biggest Consumer Packaged Goods (CPG) manufacturers and retailers to discuss significant business development opportunities. Loop expects to announce more news from this initiative in very short order.
MULTIPLE PILOT PROJECTS NOW ADVANCING TOWARDS COMMERCIAL TERMS
As previously reported, our pilot projects in the UK were initially delayed due to the country being completely shut down as a result of Covid-19. The earlier stage pilots listed below have now been successfully implemented and we are happy to report these pilot projects have been a very big success to date with extremely positive responses and reviews. To this end, we have actually expanded the technology and applications with broader deployments and broader expansion of capabilities, with expanded commercial terms now in negotiations.
The Sobeys Pilot Agreement announced on March 18 is progressing so well that we are now working with the Sobeys leadership tech team to build custom solutions for an improved in store customer experience utilizing Loop’s digital receipt platform and Wallet pass technology. To this end, Loop has already completed significant additional integration work to ensure a seamless rollout of the additional functionality, which is expected to include a further pilot phase in live stores. Assuming a successful pilot of the additional functionality, it is the expectation of both parties that we will enter into an agreement for a full rollout across the entire chain, the terms of which are already being explored.
TELUS PARTNERSHIP EXPECTED TO STRENGTHEN ON A NATIONAL LEVEL IN THE VERY NEAR FUTURE
Loop has been working closely with TELUS over the last year to strengthen and expand the scope of our relationship. The In-store Pilot was initially delayed due to COVID shutdowns but implementation has taken place and the Fobi devices are currently collecting and parsing data insights and analytics in select TELUS retail locations.
The TELUS Marketplace has seen early success with the Big White Ski Resort deal being the highlight, however, we are working closely with their National Sales Team on multiple larger opportunities as Canada’s economy prepares to reopen.
Loop also has several new exciting opportunities within the TELUS partnership under way, including exploring new ways for TELUS to leverage some of Loop’s real time data products in their core business, as well as our Wallet pass platform. Moreover, at a much higher level, we are in very advanced discussions with respect to leveraging the power and reach of the TELUS team to accelerate sales opportunities in their B2B channel. We anticipate significant news on this front in the very near future.
SUCCESSFUL ACQUISITION OF PASSCREATOR DRIVES ACCELERATED GROWTH AND THE REALIZATION OF SIGNIFICANT REVENUE
Loop has also finalized the acquisition of Passcreator, a leading European digital wallet and mobile marketing company with Tier-1 clients such as Allianz, Mercedes-Benz and BMW. The $2,000,000 acquisition of Passcreator and the mobile customer and fan engagement it makes possible is another key piece of the total solution that Loop provides to their clients. This acquisition will provide Loop with complete control over its Wallet pass technology which will help to drive multiple upcoming major business developments. Loop also gains access to Passcreator’s clients such as BMW and Mercedes Benz and can resell other Loop products and services to them. Passcreator has issued over 8 million passes through March 31, 2021, with 491 companies currently Passcreator clients, up from 200 in 2020.
Further acquisitions are also being discussed which would continue to strengthen the company’s business development activities.
CONTINUED STRENGTHENING OF THE SENIOR MANAGEMENT TEAM AND GROWTH OF THE ENGINEERING TEAM
Loop has significantly strengthened its Senior Management Team in the first quarter of this year with the addition of Tamer Shafiq as CTO and Ian Cameron as VP of Marketing. Having led teams at much larger organizations, both made the decision to move to Loop to help execute on the vision of the CEO, Rob Anson. As part of Tamer’s new remit as Loop CTO, there has been huge growth on the Engineering team to deliver the requirements of all new Enterprise customers and prospects. On the Marketing side, Ian is working to reposition Loop as an Enterprise brand, and strengthen Loop’s brand awareness and business development opportunities.
In summary, Loop has experienced significant growth year to date in 2021 on all business, balance sheet and capital markets fronts. Though we are satisfied with this progress, it is not an understatement to say that our biggest successes are still in front of us and we expect to deliver them to shareholders beginning this quarter and continuing throughout the remainder of 2021.
This Press Release Is Available On the Loop Insights website, and also on the Verified Forum On AGORACOM For Shareholder Discussion And Management Engagement
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: [email protected] | 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.
Artificial Intelligence
TeraBox Celebrates 2nd Anniversary of Its Massively Popular Referral Program
Continuously expanding webmaster signups, especially in multiple regions, along with new highs in webmaster payouts, has ensured the smooth operation and continuous development of the project.
TOKYO, Sept. 21, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, recently celebrated the second anniversary of its hugely popular Referral Program, a testament to the smooth operation and continuous development of the project. The number of webmaster signups, including in multiple new regions, continued to increase steadily with webmaster payouts reaching new highs.
TeraBox reveals some of its impressive Referral Program data.
TeraBox’s total number of webmasters worldwide reached over one million.The highest daily income of webmasters reached over $10,000, with the top earner making nearly $180,000.The total number of shares by all webmasters exceeds 500 million.The network of webmasters spans across the globe, including countries such as India, Indonesia, the United States, Latin America, Middle East, and South Korea. Moreover, as TeraBox’s influence continues to grow, the platform is excited to welcome many new webmasters from an expanding range of countries and regions.
TeraBox has achieved significant milestones, demonstrating its sustainable growth and increasing user impact. The journey started with the Webmaster Center launch in August 2022. Following this, several optimizations were implemented, including a self-withdrawal feature that simplified earnings management for webmasters and increased their engagement. Additionally, the Growth Analysis tool provided webmasters with valuable insights into their operational performance, enabling more effective decision-making.
As a result of these enhancements, both the number of participating webmasters and their earnings have seen remarkable increases. Looking ahead, the upcoming launch of the Webmaster App in September 2024 is set to further elevate user engagement and convenience, solidifying TeraBox’s position as an industry leader.
About TeraBox
TeraBox, developed by Flextech Inc. in Japan, is a leading global cloud storage solution. Headquartered in Tokyo, TeraBox proudly serves over 320 million users globally, providing an easy yet powerful way to store and manage data. With its generous 1TB of free storage, TeraBox ensures that your files are safe, secure, and accessible from anywhere. As a secure, reliable, and convenient service, TeraBox is certified with ISO 27001, ISO 27701, and ISO 27018, offering individual users around the world the opportunity to register for 1TB (1024GB) of free storage.
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SHANGHAI, Sept. 20, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, Huawei Cloud hosted a Summit themed “One Step to Intelligence, One Leap to Excellence”, gathering global industry leaders to explore the intelligent transformation trend, share pioneering cases, and assist customers in their journey to cloud-based operational excellence. At the summit, Huawei Cloud and global customers, unveiled the Data Center-to-Cloud solution and the PRIME Framework white paper.
Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, said: “Customers’ support enables us to innovate with finance, retail, autonomous driving, the Internet and many other sectors. By combining cutting-edge technologies with industry know-how, Huawei Cloud paves your way to digital and intelligence.”
Kevin Gao, President of Huawei Cloud Public Cloud Business, presented a keynote speech “One Step to Intelligence, One Leap to Excellence”. He outlined three critical factors for accelerating cloud migration and AI use: global infrastructure, continuous technological innovation, and lean operations.
In terms of global infrastructure, Huawei Cloud’s global infrastructure, KooVerse, offers extensive coverage, exceptional experience, and excellent quality. With 33 Regions and 93 Availability Zones (AZs) worldwide, Huawei Cloud supports over 10,000 customers in achieving business globalization. Huawei Cloud has interconnected with over 2,400 peers of global carriers, ensuring one hop to cloud and global business deployment for customers. Huawei Cloud data centers achieve Tier IV reliability.
Technological innovation is at the heart of Huawei Cloud’s mission to accelerate enterprise transformation. At this summit, three key areas were highlighted: compute upgrade, data-AI convergence, and application innovation.
The Data Center-to-Cloud solution released by Gao offers data center facilities, intelligent O&M, and DCN as a service, allowing customers to easily relocate and run dedicated compute resources on Huawei Cloud.
Huawei Cloud’s Ascend AI Cloud Service enables training jobs to run non-stop up to 40 days, shortens the fault recovery time to 10 minutes, and increases the linear scalability to 90% (the industry average are 2.8 days, 60 minutes, and 80%, respectively).
Huawei Cloud’s deterministic operations system has been adopted by over 300 global customers, maintaining a strong security record with zero intrusions and zero data breaches.
DeFacto from Türkiye leverages Huawei Cloud’s cloud native solution with Cloud Container Engine (CCE) and streamlines their services.
Huawei Cloud helps Chery to deploy, use, and manage the cloud. Currently, Huawei Cloud nodes in more than 10 countries and regions are providing services for Chery.
NavInfo has adopted Huawei Cloud’s R&D expertise and CodeArts software development pipeline to establish efficient development management standards and efficiency measurement systems.
Kingsoft and Huawei Cloud have collaboratively developed an excellence framework to optimize cost management.
Tencent Music’s Tianqin Lab has developed the MUSELight AI model acceleration framework, utilizing Huawei Cloud’s Ascend AI Cloud Service.
At the end of the summit, Huawei Cloud and global customers jointly released the Enterprise Excellence PRIME Model White Paper. This white paper offers a reference framework for enterprises to leap to excellence with digital and intelligent technologies.
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Artificial Intelligence
Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM with around 500K AMRs shipment by 2030 – LogisticsIQ
NEW DELHI, Sept. 20, 2024 /PRNewswire/ — The global Autonomous Mobile Robots (AMRs) market is poised for significant growth, driven by increasing demand for automation across various sectors, including logistics, manufacturing, and healthcare. According to the latest market research by LogisticsIQ (5th Edition), Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM by 2030 with a CAGR of ~30% between 2024 and 2030. We expect the installed base of AMRs to reach 2 million units in 2030.
Download a Free Sample of our report on Autonomous Mobile Robots Market
Key Market Drivers
Increased Efficiency: Businesses are rapidly adopting AMRs to enhance operational efficiency, reduce labour costs, and streamline workflows.Labor Shortages: The ongoing labour shortages in various industries have accelerated the need for automated solutions, making AMRs a crucial investment for companies.Technological Advancements: Innovations in artificial intelligence (AI), machine learning, and sensor technology are making AMRs more capable and reliable.Growing E-Commerce: The rise of e-commerce has created a demand for efficient warehouse management solutions, further boosting the AMR market.Regional Insights
North America leads the AMR market, accounting for the largest share due to the early adoption of automation technologies. Meanwhile, the Asia-Pacific region, especially China is expected to witness the fastest growth, fuelled by rapid industrialization and increasing investments in smart factories. US and China are going to contribute ~40% of this market by 2030.
Industry Applications
Autonomous mobile robots are being utilized in various applications, including:
Warehouse Automation: AMRs enhance inventory management and order fulfillment processes. This industry is expected to lead with more than 75% share by 2030.Manufacturing: Robots facilitate material handling and assembly line operations. Traditionally, it has been dominated by AGVs but are getting replaced by AMRs due to more flexibility and scalability features.Healthcare: AMRs assist in transporting medical supplies, improving patient care and operational efficiency. It is a niche market but high growing area to focus further.Purchase the full report on the Autonomous Mobile Robots Market – Growth, Trends, and Forecast
Top Factors & Challenges in the Autonomous Mobile Robots Market
Top Factors Driving Growth
Increased Demand for Automation: Businesses across industries are increasingly seeking automation to enhance efficiency and reduce operational costs.Technological Advancements: Innovations in AI, machine learning, and sensor technologies improve the capabilities and reliability of AMRs, making them more attractive to businesses.Labor Shortages: Ongoing labour shortages, especially in sectors like logistics and manufacturing, are pushing companies to adopt AMRs to maintain productivity.Growth of E-Commerce: The surge in online shopping requires efficient warehouse and logistics solutions, driving the adoption of AMRs for inventory management and order fulfillment.Improved Safety Standards: AMRs can reduce workplace accidents by taking over hazardous tasks, leading to safer working environments.Customization and Scalability: Many AMR solutions offer customizable features that allow businesses to scale operations according to their specific needs.Top Challenges
High Initial Costs: The upfront investment for AMRs can be substantial, which may deter smaller businesses from adoption.Integration with Existing Systems: Integrating AMRs into current operational workflows and legacy systems can be complex and resource-intensive.Regulatory Compliance: Navigating regulatory requirements and safety standards can pose challenges, especially in highly regulated industries.Limited Awareness and Understanding: Some businesses may lack knowledge about AMR technology and its potential benefits, hindering adoption.Technical Limitations: While technology is advancing, AMRs may still struggle with navigating complex environments or handling unexpected obstacles.Cybersecurity Concerns: As AMRs become more connected, they may be vulnerable to cybersecurity threats, requiring robust security measures.Know more about Autonomous Mobile Robots Market – Top Players, Cost Analysis, Competition, and Customer Expectation
What will you get in this report?
500 Pages and 160+ Exhibits Market ReportRevenue and Shipment data segmented:By form factor (Deck-load, Tugger/Pull, Forklift)By Navigation (Tape/Wire/Magnet, Reflector, QR Codes, LiDAR, Camera, Sensor, Fusion)By Function (Goods to person (G2P), Person to Goods (P2G), Conveying, Piece picking, Towing, Pallet Handling)By Application (Manufacturing, Logistics and Warehousing, Shipping, Delivery, Cleaning, Security, Hospital, Retail)Detailed excel file with 150+ market tables (Revenue and Shipment) including forecast till 2030A bottom-up analysis of Autonomous Mobile Robots Market for 19 countries (United States, Canada, Germany, UK, France, Italy, Spain, Nordics, China, Japan, South Korea, Australia, India, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Phillippines) in 5 regionsIn-depth analysis of 700 companies in the ecosystem with more than 160 company profiles.Focus Group Discussion with 100+ key industry stakeholders across the value chain to collect the first-hand information to validate our analysis. Stakeholders include components and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals. Apart this, study also focuses on different components and integral parts of Autonomous Mobile Robots like Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication.2 Analyst Sessions to brainstorm furtherInvestment details excel file with 175+ M&A and ~1000 funding dealsLogisticsIQ™ Exclusive Market Map (700+ Players across more than 15 categories)About LogisticsIQ
LogisticsIQ is a dedicated market research and advisory firm in Logistics & Supply Chain sector, empowering decision makers from top fortune 1000 companies, financial and research institutions, private equity and high potential start-ups with market insights to make better decisions. We enable this by analysing the right mix of the best data, the best research methodologies, and the best industry panel to deliver value to our clients.
Media Contact
Name: Sunny M.Email: [email protected]: +91-952-918-4938
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