Fobi Signs a 3 Year Exclusive Data License Agreement With Barnet Technologies
2022年8月10日 - 9:00PM
Fobi AI Inc. (FOBI: TSXV
FOBIF: OTCQB) (the “Company” or “FOBI”), a leader in providing
real-time data analytics through artificial intelligence to drive
operational efficiencies and profitability, today announced the
signing of a 3-year exclusive data license with Barnet Technologies
enabling access to all point of sale and transactional data from
Barnet POS (point of sale) systems. The company will generate
revenue by way of selling quarterly and annual data licenses to
various industry stakeholders through the FDX - Fobi Data Exchange.
Exclusive Data License Secures Two Key Canadian
Independent Liquor Retail Markets In B.C and Alberta and provides
value for retailers, brands & 3rd party data
aggregators
Barnet Technologies is one of the leading POS vendors in Western
Canada for liquor and other regulated industries, with over 50%
market share in BC. The integration with Fobi enables Fobi
& Barnet to provide liquor retailers with real-time shopping
data, including SKU (product), loyalty and transaction
data. The integration also enables end-to-end measurement and
analysis enabling customer acquisition, customer segmentation,
retail and brand marketing activation and the holy grail of
real-time marketing attribution. In addition, Fobi’s real-time
insight and analytic forecasting functionality utilize machine
learning to help retailers and brand manufacturers with supply and
demand chain challenges.
Nick Ricci, President of Barnet Technologies
stated, “We have worked first-hand with Fobi for quite some time
now and we have had the opportunity to witness first-hand the
robust functionality and the value of which the FDX (Fobi Data
Exchange) provides to data aggregators. Add to this the fact of
FOBI’s key existing strategic alliance relationships with leading
data aggregation companies such as NielsenIQ and it was a no
brainer for us to enter into a multi-year exclusive data agreement
with Fobi. We look forward to continuing to provide tremendous
value over the next three years to all industry stakeholders in the
alcohol beverage and cannabis industries.”
Fobi has begun negotiations with numerous brand manufacturers
and interested third-party data aggregation companies who are
looking for access to real-time store-level data at
scale. Fobi delivers measurement and analysis to brand
manufacturers looking for valuable insights such as price
trends and visibility into the competitive landscape of key
regulated markets, such as liquor retail and cannabis. This
type of data is very difficult to generate at scale from the
fragmented independent liquor and cannabis retail environment which
has hundreds of different POS systems.
The agreement will also provide further value over and above the
company’s previous announcements for the digital liquor loyalty and
marketing platform, including Fobi’s Bevy Pass solution.
Ultimately, this integration and licensing agreement will provide
CPG manufacturers with marketing attribution, campaign analysis,
detailed customer segmentation insights, and provide other key
data points that will help them improve their overalloperational
efficiency and profitability.
Fobi CEO Rob
Anson stated, “This agreement signifies the
confidence of which Barnet Technologies not only has in our
technical capabilities but our ability to execute together on
monetizing the alcoholic beverage industry.
By way of signing this exclusive agreement with Barnet
Technologies, we have now successfully locked down the key B.C. and
Alberta liquor retail marketplaces. We are now focused on
replicating the same successful model across the other key Canadian
provinces before the end of 2022.“
This press release is available on the Fobi
Website and the FOBI Verified Forum On AGORACOM for
shareholder discussion and management engagement.
About Barnet
TechnologiesBarnet is an information technology company,
which provides complete Management Systems, including hardware and
software solutions based on the latest, cutting-edge technology,
strong support, consulting, and customization abilities. The
Company has over 25 years of history in Sales & Inventory
Management Systems and Software Development. Barnet focuses on
Point Of Sale (POS), Management, Inventory Control, and Customer
Loyalty Systems for regulated industries.
About FobiFobi 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. 3 |
|
Twitter: @ Fobi_inc |
E: ir@fobi.ai |
|
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, and 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.
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