Loop Insights Inc. (TSXV: MTRX) (OTCQB: RACMF) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated contact tracing to the brick and mortar space, is pleased to announce the Company has been accepted into the TELUS IoT Marketplace (T:TSX; TU: NYSE), which will serve to significantly expand Loop’s sales distribution channels on a national scale.
TELUS launched the TELUS IoT Marketplace to help Canadian businesses accelerate the adoption of Internet of Things (IoT) tech. The marketplace is designed to allow businesses to quickly deploy IoT solutions while acting as a lead generation and sales channel for developers. TELUS has also committed its sales and marketing teams to provide support.
Andrew Turner, TELUS VP Strategic Operations, stated: “By partnering with innovative and leading IoT development companies, such as Loop, we’re ensuring that our customers have access to some of the most advanced IoT business solutions in the world.”
Rob Anson, CEO Of Loop Insights, stated: “To be recognized by TELUS as one of the most advanced IoT solutions in the world for their customers is as good as it gets for third party validation of our technology. More than just words, their sales and marketing support will be invaluable in commercializing and distributing our technology to TELUS customers across Canada, providing us with even greater strength when speaking to potential IoT customers around the world.”
CANADIAN IoT MARKET TO HIT $21.8 BILLION BY 2023
The TELUS IoT Marketplace distribution channel is both critical and timely to Loop, given the growth of IoT taking place Globally. IoT investment in Canada is growing exponentially, requiring companies and organizations to access new services to stay competitive and relevant quickly. Loop’s addition to the TELUS marketplace provides marketing exposure and industry validation, making it easier for businesses to access Loop’s game-changing technology.
Nigel Wallis, Vice President, Internet of Things and Industries at IDC Canada, stated: “In Canada alone, IDC anticipates that the total IoT market will grow to $21.8 billion in 2023. While organizations are investing in hardware, software, and services to support their IoT initiatives, their next challenge is finding solutions that help them manage, process, and analyze the data being generated from all these connected things.”
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