Fobi AI Inc. 's Profile

FOBI is an IoT technology company that delivers transformative artificial intelligence automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Client's / alliances include: Sobeys, Telus, NielsenIQ and many more.

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Fobi AI Inc.
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Fobi AI Inc. 's Bulletin

Fobi continues to show dynamic growth and continued buy in from highly credible talent as Summers joins Fobi’s “Senior Executive Dream Team” VANCOUVER, British Columbia, June 17, 2021 -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), a global leader in providing real-time data analytics through artificial intelligence to drive customer activation and engagement is pleased to announce the appointment of Jolie Summers as its VP of Product, effective June 21, 2021. SUMMERS JOINS FOBI AFTER TRANSFORMING PRODUCTS WITHIN BC JUSTICE AND THE MINISTRY OF HEALTH AT NTT DATA Summers is a digital leader, agile coach, and program director with over 10 years of experience in a variety of spaces including ecommerce, mobile, VR and health devices delivering significant business results for global enterprise companies, including Lululemon, Aritzia and NTT Data, a global innovator of IT and business services operating in over 50 countries. Fobi CEO Rob Anson stated: “Jolie’s wealth of experience working with large global organizations is a testament to Fobi’s position as a leading tech company. The continued growth of our team at Fobi gives us great confidence in the future of our products and services and the exceptional standards we deliver. As a product expert Jolie is another key strategic addition to our team. I look forward to working together and seeing her impact on our development efforts as Fobi looks to cement itself as a leading AI and data intelligence company at the enterprise level.” FOBI CONTINUES TO DRIVE GROWTH THROUGH ACTIVE RECRUITMENT AND TOP TIER LEADERSHIP Jolie has successfully delivered projects as large as $10M with numerous cross-functional stakeholders by laying the right strategic foundation for execution and will bring this same drive and talent to her new role at Fobi. Summers’ experience in driving successful enterprise global product positioning is expected to significantly contribute to continued growth and scale for Fobi in 2021. Jolie is tremendously excited to be joining Fobi and recognizes Fobi’s recent and continued success as a cutting-edge data intelligence & IOT company with the potential for exponential growth in the market. She will bring a strong product vision that ensures Fobi is leading the way to help customers overcome their challenges and resulting in increased ROI and engagement. VP of Product, Jolie Summers stated: “ It is tremendously clear that Fobi bolsters some disruptive and transformative I.P. As a product specialist, I know that my experience is extremely well timed to support Fobi's execution in its latest stage of growth. I am very excited to roll up my sleeves along with Fobi's strong senior executive and leadership team. I look forward to clearly defining and productizing the company's suite of transformative capabilities and applications as we move forward with delivering at scale.” This Press Release Is Available On the Fobi Website , and also on the Verified Forum On AGORACOM For Shareholder Discussion And Management Engagement. About Fobi Fobi is a cutting-edge data intelligence company that helps our clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. Fobi’s unique IoT device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms creating highly scalable solutions for our global clients. Fobi partners with some of the largest companies in the world to deliver best-in-class solutions and operates globally in the retail, telecom, sports & entertainment, casino gaming, and hospitality & tourism industries. For more information, please contact: Fobi AI Inc.   Fobi Website: www.fobi.ai Rob Anson, CEO   Facebook: @ Fobiinc T : +1 877-754-5336 Ext. 4   Twitter: @ Fobi_inc E: ir@fobi.ai   LinkedIn: @ Fobiinc This news release contains certain statements that constitute forward-looking statements or information, including statements regarding Fobi's business and technology; the ability of Fobi to engage with industry participants to achieve its goals; the development of Fobi's technology; and the viability of Fobi's business model. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Fobi'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 Fobi 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, Fobi 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 Fobi should be considered highly speculative. There can be no assurance that Fobi 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.
VANCOUVER, BC , June 15, 2021 - FOBI AI Inc. (formerly Loop Insights Inc.) (TSXV: FOBI) (OTCQB: FOBIF) (the " Company " or " FOBI "), is pleased to announce the pricing and terms of its previously announced overnight marketed offering (the " Offering ") of units of the Company (the " Units "). The Offering is being conducted on a commercially reasonable "best efforts" agency basis for the issuance of 5,600,000 Units at a price of $1.25 per Unit for aggregate gross proceeds of $7.0 million. Echelon Wealth Partners Inc. (the " Agent ") is acting as the sole agent for the Offering.    Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant a " Warrant "). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $1.60 for 24 months from the date of issuance. The Company has also granted the Agent an option to purchase up to an additional 15% of Units, exercisable at any time until 48 hours prior to Closing. The proceeds from the Offering will be used for general and corporate working capital purposes, as well as M&A initiatives. The Offering is scheduled to close on or about June 30, 2021 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities. The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the " U.S. Securities Act ") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States , nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About FOBI FOBI is a cutting-edge data intelligence company that helps our clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. FOBI's unique IoT device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms creating highly scalable solutions for our global clients. FOBI partners with some of the largest companies in the world to deliver best-in-class solutions and operates globally in the retail, telecom, sports & entertainment, casino gaming, and hospitality & tourism industries. Forward-Looking Statements/Information: This news release contains certain statements which constitute forward-looking statements or information, including statements relating to the expected size of the Offering, the anticipated closing date of the Offering, the ability of the Company to satisfy all conditions to closing the Offering, and the use of proceeds from the Offering. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including the impact of general economic and capital markets conditions, , stock market volatility and the ability to access sufficient capital from internal and external sources. Although the Company 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 plans, operations, 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, the Company 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 the Company should be considered highly speculative. There can be no assurance that the Company 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. SOURCE FOBI AI Inc.
/NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES / Targeting the $36.5 Billion Global Location Services Market together, the integration of FOBI's data platform with the TELUS Insights product will significantly enhance the ability of TELUS customers to make better data-driven decisions. VANCOUVER, BC , June 14, 2021 /CNW/ - FOBI AI Inc. (formerly Loop Insights Inc.) (TSXV: FOBI) (OTCQB: FOBIF) (the " Company " or " FOBI "), is pleased to announce that it has signed a Proof of Concept (POC) with TELUS to integrate the FOBI Data platform into the TELUS Insights Location Services Data solution that TELUS provides to their business clients. The POC is scheduled for 90 days and, upon successful completion, there are immediate revenue opportunities for FOBI. These revenue opportunities could include, but would not be limited to, Telus reselling FOBI's products directly or licensing opportunities. The combined products of Telus Insights and FOBI's real-time data analytics and reporting could generate substantially increased new-line revenue for both companies delivering great value for their respective shareholders. Redefining the TELUS Insights Customer Experience As businesses evolve, data-driven decisions are becoming crucial. FOBI's platform will enable TELUS to enhance its customer delivery by now offering their valuable insights to their clients in real-time. FOBI will work with TELUS during this POC to build a custom, real-time BI Dashboard and Portal for TELUS Insights that will deliver the analytics and reporting that their clients are demanding. This new Portal will deliver real-time results and will also enable the integration of 3 rd party data sets (such as weather or traffic) in real-time, which will further enhance the value to TELUS clients. The Products that FOBI will be integrating with TELUS Insights during this POC are the following: Real-time reporting Enhanced visualization tools Ability to integrate other 3rd party data Automated triggers and alerts Segmented permission-based logins Predictive analytics helping their customers make better data-driven decisions Global Data & Location Services Monetization Market and How TELUS Insights Works Thanks to the increased ability to use data to generate new revenue streams and contribute to the betterment of society, the global data monetization market size is growing rapidly and is expected to grow from $45 billion in 2016 to $371 billion in 2027, according to Allied Market Research. The Location Services market that TELUS Insights is part of was valued at $36.5 billion in 2020, and is projected to reach $183.81 billion by 2027, growing at a compound annual growth rate of 26.3% from 2020 to 2027, according to Allied Market Research. TELUS powers more than nine million devices on its network, which covers 98 percent of the populated areas of the country. As people move around, their cellular devices connect to different wireless towers, which generates a huge amount of data. TELUS Insights works with these massive sets of de-identified and aggregated data drawn from those mobile phones. Using industry-leading privacy standards, TELUS de-identifies this network data and then aggregates it to further protect individual privacy and safeguard personal information, ensuring no data can be traced back to any individual user. Telus Insights is currently used by many corporate and government clients such as TransLink (the BC regional transit system), the Thompson Okanagan Tourism Association, and the Cities of Surrey and Revelstoke . In April 2020 , TELUS launched the award-winning Data for Good program, making it possible for health authorities and qualified academic researchers to use de-identified data from TELUS Insights at no charge to measure progress and assess additional opportunities to help stop the spread of COVID-19. TELUS VP of Strategic Operations Andrew Turner states : "FOBI's data analysis and reporting capabilities were one of the reasons we started working with them in the first place, and why we helped them sign the deal with our client Big White Ski Resort. So, this POC is the natural next step to integrate their solution with TELUS Insights to provide that same value to our other clients. FOBI's real-time insights and reporting are unmatched in the industry and we are extremely pleased to soon be able to offer their real-time data analytics and reporting solution as part of the TELUS Insights solution to our clients." FOBI CEO Rob Anson states: "We are very honored to work with TELUS, and we are very excited about this next step in our relationship, and actually being able to integrate our industry leading data analytics and reporting platform into the TELUS Insights solution as part of this POC. Together FOBI and TELUS will deliver even more value to the TELUS Insights clients by helping them make better data-driven decisions in real-time." TELUS and FOBI, a winning combination Continuing a long and successful relationship, this latest POC with TELUS to integrate FOBI's real-time data analysis and reporting functionality into the TELUS Insights solution will further strengthen the relationship. Having TELUS be able to resell directly or license FOBI's solutions will further validate FOBI's position as a leader in the real-time data analytics and reporting industry and will also deliver immediate business impact for FOBI. Overnight Marketed Private Placement Lead by Echelon Wealth Partners Inc. FOBI is also pleased to announce that it has entered into an agreement with Echelon Wealth Partners Inc. (the " Agent ") to complete a private placement financing of units (the " Units "), on an overnight marketed basis for gross proceeds of up to $7.0 million (the " Offering ") on a commercially reasonable "best efforts" basis. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant a " Warrant "). The size of the Offering and the price of the Units will be determined in the context of the market. The number of units to be distributed under the Offering, the price per Unit (the " Offering Price "), the exercise price of the Warrants and other final terms will be determined by FOBI and the Agent upon the pricing of the Offering. The Company has also granted the Agent an option to purchase up to an additional 15% of Units, exercisable at any time until 48 hours prior to Closing. The proceeds from the Offering will be used for general and corporate working capital purposes, as well as M&A initiatives. The Offering is scheduled to close on or about June 30, 2021 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities. The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the " U.S. Securities Act ") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States , nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About FOBI FOBI is a cutting-edge data intelligence company that helps our clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. FOBI's unique IoT device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms creating highly scalable solutions for our global clients. FOBI partners with some of the largest companies in the world to deliver best-in-class solutions and operates globally in the retail, telecom, sports & entertainment, casino gaming, and hospitality & tourism industries. Fobi Website: www.fobi.ai Facebook: @ Fobiinc Twitter: @ Fobi_inc LinkedIn: @ Fobiinc Forward-Looking Statements/Information: This news release contains certain statements which constitute forward-looking statements or information. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including the impact of general economic conditions, industry conditions, and competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although the Company 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 plans, operations, 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, the Company 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 the Company should be considered highly speculative. There can be no assurance that the Company 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.   SOURCE FOBI AI Inc.
Memorandum of Understanding (MOU) calls for CareSpace to integrate Fobi’s real-time venue management solution across North American higher-level education facilities to provide secure vaccination validation and contactless capabilities VANCOUVER, British Columbia, June 10, 2021 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSX.V) (FOBIF:OTCQB) (the "Company" or "Fobi"), a global leader in providing real-time data analytics through artificial intelligence to drive customer activation and engagement, is pleased to announce the signing of a licensing agreement with CareSpace.AI. The deal will bring the use of the Fobi Wallet pass to higher education facilities throughout North America and provide secure covid-19 vaccination confirmation and validation, true contact-less registration, promotion, payment, and more using the Fobi Wallet pass technology, Fobi SmarTap, and Insight portal solutions for use in the CareSpace CampusPass platform (https://thecampuspass.com/). The CampusPass platform is being delivered in partnership with Microsoft and Unisys who are providing key elements of the data security and data privacy aspects of the platform. LICENSING AGREEMENT WILL ENABLE FOBI TO EMPOWER COLLEGE CAMPUSES TO REOPEN AND RESUME ON-SITE ACTIVITIES AND EVENTS With more than 100 college campuses across the US already stating they will require proof of vaccination to resume in-person classes and on-campus activities and many who have already implemented the policy, there is a monumental need for higher education facilities to have in place a platform to manage accurate and secure records, in order to limit liability and ensure the safety of students and staff. The integration of Fobi’s Wallet pass with the CampusPass platform will also offer community partners and sponsors increased ways to engage with students through personalized promotions, events, and digital touchpoints. CareSpace is a strong strategic partner in the healthcare space, having had major success developing an emergency response platform for The International Red Cross, which is used by 96M+ volunteers worldwide. They are also the first Microsoft Health partner to drive dynamic patient education pathways via CRM connected platform for population health. CareSpace CEO David Richards states: “With higher-level institutions hit hard by the covid-19 pandemic, they are looking for new ways to entice students back to on-campus operations in a way that protects student identity and privacy, while opening new revenue opportunities. This agreement with Fobi will enable us to provide all of our campus clients with the ability to not only keep their students safe and secure but to enrich the student experience with new expanded touchless transaction opportunities. With the help of Fobi’s real-time capabilities, this platform will ensure that campuses see an increase in student and alumni loyalty and affinity with positive community impact at scale.” Fobi CEO Rob Anson states: “Both Fobi and CareSpace have seen great success within the venue management and events space over the past year, with CareSpace driving new population health programs through their HIPAA compliant platform and Fobi having had major success creating secure sporting events bubbles for the NCAA. We are confident that this agreement will enable us to continue to provide campuses across North America with the tools to resume operations and recoup lost revenue streams with our combined venue management tools.” This agreement is expected to generate revenue for Fobi from an annual license and service agreement and Wallet pass fees. With over 3,982 degree-granting postsecondary institutions as of 2019-2020 and over 19 million students registered in the US alone, there is a significant potential market for Fobi Wallet passes. Fobi provides significant value to the CareSpace platform and its campus clients due to our ability to integrate across all on-site locations and legacy infrastructure to provide real-time access to testing certification, contactless registration, a secure data portal, insights, and engagement. Together with CareSpace, we will provide higher education facilities and their community partners and sponsors with the tools to leverage real-time data to deliver an unparalleled next-generation on-campus experience. This Press Release Is Available On the Fobi Website , and also on the Verified Forum On AGORACOM For Shareholder Discussion And Management Engagement. About CareSpace CareSpace ( www.carespace.ai ) is a virtual assistant platform that utilizes artificial intelligence to help patients take an active role in their care beyond the walls of a hospital. Their platform delivers a scalable healthcare delivery model that’s patient-centered and remote provider-supported. CareSpace is core to digital health IT infrastructure and extends devices, telehealth, the EMR, and other digital health technologies to be more valuable to the patients, providers, insurance companies, and the employers they support. CareSpace is a C-19 essential digital health company. CampusPass is built on the The Pass+ platform for population health and combines verifiable vaccine health credentials with world-leading security, privacy, and ethical standards. About CampusPass CampusPass meets and exceeds the current standards and policies being implemented by state and local government. As an end-to-end solution, (vaccine scheduling, admin, reporting, and sharing) CampusPass lowers population health risk; while powering the new connected smart campus. About Fobi Fobi is a cutting-edge data intelligence company that helps our clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. Fobi’s unique IoT device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms creating highly scalable solutions for our global clients. Fobi partners with some of the largest companies in the world to deliver best-in-class solutions and operates globally in the retail, telecom, sports & entertainment, casino gaming, and hospitality & tourism industries. For more information, please contact: Fobi AI Inc. CareSpace, Inc. Fobi Website: www.fobi.ai Rob Anson, CEO David Richards, CEO Facebook: @ Fobiinc T : +1 877-754-5336 Ext. 4 T: 503.290.4943 Twitter: @ Fobi_inc E: ir@fobi.ai support@carespace.ai LinkedIn: @ Fobiinc This news release contains certain statements that constitute forward-looking statements or information, including statements regarding Fobi's business and technology; the ability of Fobi to engage with industry participants to achieve its goals; the development of Fobi's technology; and the viability of Fobi's business model. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Fobi'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 Fobi 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, Fobi 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 Fobi should be considered highly speculative. There can be no assurance that Fobi 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.