Loop Insights and Empower Clinics Mix Venue Tracing With COVID-19 Testing Experience to Create First Ever “Journey Bubble” Answer for World Journey Trade Set to Lose $3.3 Trillion

Loop Insights and Empower Clinics Mix Venue Tracing With COVID-19 Testing Experience to Create First Ever “Journey Bubble” Answer for World Journey Trade Set to Lose $3.3 Trillion

The Firm advises that discussions are already underway with main airways, cruise ship firms, and lodge operators

VANCOUVER, British Columbia, Oct. 19, 2020 (GLOBE NEWSWIRE) — Loop Insights Inc. (MTRX:TSXV) (RACMF:OTCQB) (the “Firm” or “Loop”), a supplier of contactless options and synthetic intelligence (“AI”) to drive real-time insights, enhanced buyer engagement and automatic contact tracing to the brick and mortar house, is happy to announce a partnership with Empower Clinics (CBDT:CSE) (EPWCF:OTC) (8EC:FRA) to offer an end-to-end COVID-19 mitigation resolution full with venue tracing, real-time automated visitor publicity notifications, and frequent testing with fast ends in quarter-hour.

TRAVEL BUBBLE SOLUTION SOLVES CURRENT QUARANTINE REQUIREMENTS THAT ARE SHUTTING DOWN INTERNATIONAL TRAVEL

Because of the COVID-19 Pandemic, obligatory 14 day quarantine durations, and the dearth of any journey bubble options that would reliably monitor and mitigate the worldwide unfold of the virus by aircraft or cruise ship, international locations have been pressured to take drastic measures which are resulting in vital injury of the worldwide journey {industry}.

Particularly, as of right now, journey restrictions by nation are as follows:

(Supply – https://www.ca.kayak.com/travel-restrictions)

Collectively, Loop and Empower have created a system constructed on the pillars of:

Empower’s fast antigen and antibody assessments produce ends in solely quarter-hour, offering airways, cruise ships, and the 182 international locations presently in full or partial shutdown with the security and safety essential to reopen their borders to worldwide journey totally.

Furthermore, Empower owns KAI Medical Laboratory, a high-complexity CLIA and COLA accredited laboratory that gives dependable and correct testing options to enterprise degree purchasers, hospitals, medical clinics, pharmacies, and employer teams.

KAI has taken an energetic function in COVID-19 testing, battling the pandemic by means of RT-PCR testing and serology testing with the capability to course of 4,000 RT-PCR take a look at specimens per day. COVID-19 RT-PCR testing is the gold commonplace resulting from its excessive diploma of accuracy and can play an vital function within the Journey Bubble resolution.

Because the front-facing a part of the Journey Bubble resolution, Loop Insights is a strong Synthetic Intelligence firm whose industry-leading venue tracing has gained vital traction in the direction of reopening the tourism, hospitality, and leisure industries in the US with the likes of College of Houston and the NCAA Basketball #VegasBubble, in addition to, lately being acknowledged by TELUS as some of the superior IoT options on this planet for his or her clients.

Loop Insights CEO Rob Anson said: “We’ve heard from stakeholders within the leisure, journey, and hospitality industries which have harassed the significance of an end-to-end built-in resolution able to defending staff and clients to facilitate a protected financial restoration. In partnership with Empower’s fast testing know-how, Loop has established a complete resolution able to establishing a journey bubble and reopening a good portion of the worldwide economic system.”

Steven McAuley, Chairman and CEO of Empower Clinics, said: “As we develop our efforts on the Get Again To Work testing initiative, it has develop into obvious that companies of all sorts, giant or small, non-public or public sector require not solely quick and correct COVID-19 testing, but in addition a complete resolution for contact tracing. Establishing a partnership with Loop, working with the RT-PCR and fast testing capabilities of Kai Medical, permits our firms collectively to determine a protected and viable financial restoration resolution.”

AIR CANADA ADVOCATES FOR TEST-BASED APPROACH AND DROPPING 14-DAY MANDATORY QUARANTINE

The Journey Bubble resolution comes at a time when each main {industry} contributors and financial consultants are calling for options past quarantining to reopen industries and stave off financial collapse.

On October sixth, Air Canada (AC:TSX) (ACDVF:OTCQX) referred to as for elevated testing in lieu of obligatory quarantine durations,

We consider {that a} test-based technique could also be a protected different to the 14-day quarantine.”

On October 15, 2020 a panel of Canadian economists proclaimed the “economic system should stay open regardless of second wave” or endure the very seemingly consequence of bankruptcies and enterprise closures “with hospitality, journey and tourism set for the harshest influence.”

By offering testing, monitoring, and real-time reporting, Loop and Empower have created a protected and safe Journey Bubble resolution to permit enterprise degree companies to return to full operations, significantly these within the hospitality, journey, and stay leisure industries.

$3.3 TRILLION IN LOSSES FOR GLOBAL TOURISM INDUSTRY

With out a resolution to interchange the drastic journey measures presently in place all over the world, the United Nations Convention on Commerce and Improvement (UNCTAD) reported that COVID-19 could price the world tourism sector losses of US$ 3.3 trillion.

In Canada alone, in response to Statista, the Canadian tourism {industry} contributed near $40 billion to the economic system in 2019. This yr, the COVID-19 pandemic has had devastating penalties for the {industry}.

Loop and Empower consider the Journey Bubble mixture of frequent testing and a sturdy worldwide tracing platform supplies the end-to-end safety essential to spark a powerful world financial restoration. 

This press launch is on the market on the Loop Insights Verified Discussion board on AGORACOM for shareholder dialogue, questions and engagement with administration https://agoracom.com/ir/LoopInsights

About Empower:

Empower is making a community of physicians and practitioners who combine to serve affected person wants, in-clinic, by means of telemedicine, and with decentralized cell supply. A simplified, streamlined care mannequin bringing key attributes of the healthcare provide chain collectively, all the time targeted on affected person expertise. The Firm supplies COVID-19 testing companies to shoppers and companies as a part of a four-phased nationwide testing initiative. Empower lately acquired Kai Medical Laboratory, LLC as a wholly-owned subsidiary with large-scale testing functionality. 

About Loop Insights:

Loop Insights Inc. is a Vancouver-based Web of Issues (“IoT”) know-how firm that delivers transformative synthetic intelligence (“AI”) automated advertising, contact tracing, and contactless options to the brick and mortar house. Its distinctive IoT machine, Fobi, allows information connectivity throughout on-line and on-premise platforms to offer real-time, detailed insights and automatic, customized engagement. Its potential to combine seamlessly into present infrastructure, and customise campaigns in response to every vertical, creates a extremely scalable resolution for its potential world purchasers that span industries. Loop Insights operates within the telecom, on line casino gaming, sports activities and leisure, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s services and products are backed by Amazon’s Accomplice Community and offered by means of the TELUS IoT Market.

For extra info, please contact: 

Loop Insights Inc.

LOOP Web site: www.loopinsights.ai

Rob Anson, CEO

Fb: @LoopInsights 

T: +1 877-754-5336 Ext. 4

Twitter: @LoopInsights 

E: [email protected]

LinkedIn: @LoopInsights 

Ahead-Wanting Statements/Info: 

This information launch incorporates sure statements which represent forward-looking statements or info. Such forward-looking statements are topic to quite a few dangers and uncertainties, a few of that are past Loop’s management, together with the influence of basic financial situations, {industry} situations, and competitors from different {industry} contributors, inventory market volatility and the flexibility to entry ample capital from inside and exterior sources. Though Loop believes that the expectations in its forward-looking statements are cheap, they’re primarily based on elements and assumptions regarding future occasions which can show to be inaccurate. These elements and assumptions are primarily based upon presently accessible info. Such forward-looking statements are topic to identified and unknown dangers, uncertainties and different elements that would affect precise outcomes or occasions and trigger precise outcomes or occasions to vary materially from these said, anticipated or implied within the forward-looking statements. As such, readers are cautioned to not place undue reliance on the forward-looking statements, as no assurance will be supplied as to future outcomes, ranges of exercise or achievements. The forward-looking statements contained on this information launch are made as of the date of this information launch and, besides as required by relevant regulation, Loop doesn’t undertake any obligation to publicly replace or to revise any of the included forward-looking statements, whether or not on account of new info, future occasions or in any other case. The forward-looking statements contained on this doc are expressly certified by this cautionary assertion. Buying and selling within the securities of Loop ought to be thought of extremely speculative. There will be no assurance that Loop will have the ability to obtain all or any of its proposed targets. 

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.

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