Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc., a provider of real-time data analytics through artificial intelligence, said it has entered into an agreement with the University of Nevada Athletics to provide its CheckVax proof of coronavirus (COVID19) vaccination.
CheckVax will be utilized to speed up entry and to keep fans, student-athletes, and staff safe at all men’s and women’s basketball games at Nevada for this coming season, the company said. Fobi will earn revenue on this deal through an initial setup fee and monthly Wallet pass license fees.
“With the continued rollout of vaccine mandates across Canada and the US, we are starting to see incredible momentum for our CheckVax product,” Fobi CEO Rob Anson said in a statement. “This deal with Nevada helps validate the fact that CheckVax delivers both the best customer experience for proof of vaccination pre-screening as well as increased revenue for venues.”
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The Lawlor Events Center, home to Nevada men's and women's basketball, has a capacity of 11,500, so Nevada Athletics has a clear need for a proof of vaccination solution that can enable them to keep their fans, student-athletes, and staff safe and speed up entry for the fans who will be attending the games, it said.
Fobi noted that Nevada men's basketball has made nine NCAA (National Collegiate Athletic Association) Tournament appearances all-time, including exciting runs to the Sweet 16 in 2004 and 2018. The Wolf Pack women's team has made four postseason appearances in its history and reached the Mountain West Tournament Championship Game in 2018.
Fobi said Nevada chose CheckVax over other solutions for three key reasons:
- CheckVax is easy to use as it is App-less, using Wallet passes that live in the native wallets that are embedded in every Apple and Android mobile phone globally;
- CheckVax passes are secure and powered by Hedera Hashgraph public blockchain technology; and
- Importantly, CheckVax can verify vaccination and COVID-19 test results across multiple jurisdictions and regions in advance, speeding up attendee access to the venue, which creates a far superior customer experience compared to other solutions. This multi-jurisdiction and multi-region pre-verification is something that other solutions are not able to do as quickly and as easily as Fobi.
“We are very excited to announce this deal with Fobi,” Michael Turner, senior associate athletic director at Nevada said.
“This will allow us to ensure a top-notch customer experience and ensure that Wolf Pack fans can get into our venue in the fastest and safest method possible so they can enjoy the game.”
Fobi said the deal with Nevada follows on the work that it has done previously with bdG Sports with venue management for March Madness Basketball events. It has also announced additional upcoming events with bdG Sports, including the Baha Mar Hoops event in the Bahamas that will be held November 22-27 at the Baha Mar resort with 19 NCAA schools attending, and the highly anticipated Duke versus Gonzaga game to be held November 26 in Las Vegas at the T-Mobile arena.
Contact the author at stephen.gunnion@proactiveinvestors.com