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News Update

TICKERS: MTRX

AI Firm Initiates Contact Tracing Platform in Las Vegas
News Update

Source:

Loop Insights reported it has launched its contact tracing platform in Las Vegas with Grupo Anderson's Senor Frog's and Carlos'n Charlies restaurants.

In a news release, Loop Insights Inc. (MTRX:TSX.V) announced "the launch of its contact tracing platform in Nevada with two of Grupo Anderson's flagship restaurants in Las Vegas, Senor Frog's and Carlos'n Charlies."

The company stated that its entry into the Las Vegas market with a globally recognized hospitality company confirms and supports its wider plans for global adoption of its contact tracing solution. The firm is optimistic that working closely with Grupo Anderson in Las Vegas will help pave the way forward for expansion into that company's other locations in popular tourist destinations including the Caribbean, Mexico and Spain.

Rob Anson, CEO of Loop Insights commented, "Las Vegas is a clear global leader in critical billion-dollar industries related to hospitality, gaming, sports & entertainment, and tourism...it is a major priority for Loop to help these Nevada industries and demonstrate to the world what is possible. Our discussions with casino operators, conference centers, university campuses, stadium operators, and professional sports teams are now being fast tracked because our automated contact tracing solution is highly adoptable, easy to use, accurate, secure, and can connect with other Covid-19 technology. Launching with recognizable brands, such as Senor Frog's and Carlos'n Charlies, secures our leadership position in moving forward with other Las Vegas venues."

Omar Licon Schmitt, USA director of operations at Senor Frog's, remarked, "Covid-19 certainly threw Las Vegas a curveball, and all industries need to pivot to both reopen and remain open. Adopting proper safety measures is a top priority for all in order to ensure both staff and customers to feel safe. Loop's ability to securely capture names and phone numbers with one tap of the mobile device is impressive and something we haven't seen on the market to date. We see this automated solution being adopted Vegas-wide, and we look forward to building a safe community together."

The company indicated it is accelerating its efforts to implement its contact tracing platform in Las Vegas as pressure is mounting to create and employ solutions to protect the city's multibillion dollar economy. The firm noted that "its solution integrates its Fobi technology with mobile wallet pass technology to create a platform that is proven, reliable, and highly scalable to support large adoption rates on any existing infrastructure."

"Government officials and business owners are aware that a second wave is a major potential threat. Implementing best practice protocols will help instill confidence, keep all stakeholders safe, and ensure Las Vegas remains open and revive its economy," the company stated.

The firm pointed out that as Las Vegas historically hosts nearly 50 million visitors each year generating $58 billion in annual tourism revenue, the opportunity to keep people safe and businesses open is massive. The company stated that time is of the essence since tourism has dropped off dramatically and other businesses have been closed for most of this year. Loop believes that its strength lies with its speed to scale which will support accelerated revenue streams for the company including onboarding fees per location, active user fees and monthly Software as a Service fees.

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Loop Insights. Please click here for more information. Within the last six months, an affiliate of Streetwise Reports has disseminated information about the private placement of the following companies mentioned in this article: Loop Insights.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Loop Insights, a company mentioned in this article.




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