VANCOUVER, BC, December 21, 2020, Loop Insights Inc. (MTRX:TSXV) (RACMF:OTCQB) (the “Company” or “Loop”), 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, is pleased to announce the January 2021 launch of its Digital Connect Health Platform, a fully-integrated digital healthcare solution designed for both government and private sector. The launch comes after continuous discussions and requests from government leaders, both Provincial and Federal, over the past 7 months.
On April 20th, Loop Insights launched the Beta version of its Smart Health contactless check-in platform, which streamlines patient engagement and operations. Loop’s Smart Health device requires a simple tap of the patient’s mobile phone to check in and verify their ID. Patients have frictionless access to everything they need in one simple wallet pass, including real-time notifications, testing and tracing updates, critical health information, and more.
MOVING FROM BETA VERSION TO MARKET READY
Following ongoing conversations with stakeholders at the highest levels of government, as well as private markets, Loop Insights will integrate its real-time AI-driven data applications with its IoT solutions and digital wallet to create its Digital Connect Health Platform, which provides governments and private clients with the following:
- A secure Digital ID
- Integrated data functionality
- Easy access to medical records
- Integrated eCommerce
Loop’s Digital Connect Health Platform is regarded as a customized platform per government specifications.
BRIDGING THE HEALTHCARE JURISDICTIONAL DIVIDE TO DELIVER CONNECTIVITY NEVER BEFORE THOUGHT POSSIBLE
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. 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.
Specifically, the Loop Digital Connect Health Platform sits on top of each Provincial (or State) system to aggregate and connect information into a Data Warehouse. This continuity across all platforms delivers the ultimate goal health leaders have always wanted, never thought possible but requested from Loop Insights – the ability for Provincial healthcare systems to speak to each other. Of the many benefits of having this platform, the simplest and most powerful is the ability for citizens to be away from their home province while using a singular platform to deliver the best healthcare possible.
Loop Insights CEO Rob Anson stated “This has been nothing short of a massive undertaking over the past 7 months. In conjunction with key stakeholders who have been expressing the need for continued digital transformation within the healthcare sector, we have delivered a complete end-to-end digital solution that solves the challenge of decades of siloed data, a lack of connectivity, and a lack of access. As a result, Loop provides governments and the private sector with the ability to connect their current legacy and antiquated systems. This is so revolutionary that it has attracted the attention of global technology companies and has positioned Loop for success within healthcare.”
CANADIAN HEALTHCARE INDUSTRY PROVIDE SIGNIFICANT OPPORTUNITY, PRESENTATIONS ALREADY COMMENCED THROUGHOUT NORTH AMERICA AND EUROPE
With provinces such as Ontario experimenting with the potential of digital wallet applications, Loop Insights sees a significant opportunity to provide a solution to the Canadian healthcare industry in particular. With individual Provinces considering a digital healthcare solution, a federal platform will require a fully-integrated solution that allows for secure electronic medical records, third-party billing services, and extended healthcare services.
According to IBISWorld, the Canadian healthcare industry represents a $74-billion market opportunity, with over 1200 businesses working in the space. Loop Insights has developed a smart health platform that will provide a gateway for these siloed platforms to work together, allowing for safe and secure collaboration between multiple large scale healthcare systems.
In addition to its business development progress in the Canadian healthcare industry, Loop Insights has presented to leading healthcare companies in North America and Europe.
LOOP DIGITAL WALLET HEALTHCARE APPLICATION WILL PROVIDE SAFE AND SECURE PATIENT CONNECTIVITY TO GO BEYOND COVID-19
In order to improve the lives of patients, Loop Insights’ digital healthcare wallet platform will provide instant medical reminders including appointments, prescription reminders, critical medical transportation services, and more. The platform will allow patients to book appointments with their family doctor or other healthcare professionals within their mobile device. In the era of social distancing, Loop Insights’ automatic queuing and notifications will allow doctors to keep their waiting rooms open while operating at full efficiency. Once at the doctor’s office or medical facility, patients will be able to tap to check-in with their smartphone, registering with their verified healthcare ID.
On December 9th, Loop Insights joined KABN Systems NA Holdings Corp. (CSE:KABN), Liquid Avatar, Lumedic, The Campus Agency, and TripXpertzwas to form a consortium to manage verifiable identity credentials for COVID-19 vaccinations. Through this consortium and Loop Insights’ previous partnership with iStoc, the Company is now able to provide medical testing beyond the scope of the COVID-19 pandemic.
In partnership with iStoc, Loop Insights is now offering integrated testing for:
- Infectious diseases
- Blood alcohol levels (saliva based)
- Women’s health screening
- Drug use
- Sexually-transmitted diseases
- Blood group testing
- Veterinary diseases
In order to match growing demand, Loop Insights has also worked with Istoc to launch integrated global testing solutions for:
- Hepatitis B
- Hepatitis C
- Tuberculosis, TB
- Influenza, RSV, Adeno, Strep, Mycoplasma, WIDAL, RPR, Rota, Occult Blood, H Pylori AD
This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion And Management Engagement https://agoracom.com/ir/LoopInsights/forums/discussion
About Loop Insights
Loop Insights Inc. 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. 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.
Loop Insights Inc.
Forward Looking Statements/Information:
This news release contains certain statements which 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) accepts responsibility for the adequacy or accuracy of this release.