Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc announced that it has inked a partnership with Janam Technologies to offer contactless venue solutions to businesses.
Janam is a leading provider of rugged, mobile computers and contactless access solutions using handheld devices.
Janam’s XT3 rugged touch computer and GT1 entry solution will pair with Fobi’s Wallet Pass platforms to provide a complete mobile ticketing solution for venue access, retail loyalty programs, employee ID and healthcare verification, according to a statement from Vancouver-based Fobi.
READ: Fobi agrees to acquire leading European digital wallet and mobile marketing company Passworks
Shares of Fobi popped on Friday, reaching C$1.68 by midday for a nearly 13% rise.
The two companies are targeting the sports and live entertainment, hospitality, retail and healthcare industries, among others. The joint mobile ticketing solution for venue management was recently deployed at the NCAA Division I basketball tournaments, which Fobi supported for bdG Sports both at Naples in Florida and the Bahamas.
“The synergies between Janam’s industry-proven data capture devices and Fobi’s Wallet pass solutions are very exciting, particularly for venue management, and this partnership offers an entirely new level of service to organizations that want to improve access control, reduce fraud, gain real-time insights and enhance the customer experience,” Fobi told investors.
Fobi said that the partnership will soon offer a loyalty program solution and an employee ID management solution for businesses.
“This partnership will deliver a significant win-win for organizations in the verticals we are targeting, as well as our current customers who will now gain access to more complete hardware and software solutions,” Rob Anson, Fobi’s CEO said in a statement. “The synergies between the two organizations and the target verticals align very well, and we are looking forward to going to market together with these joint solutions.”
Janam CEO, Harry Lerner, told investors that the partnership Fobi “underscores Janam’s mission to help customers future-proof their technology investments, with technology that addresses today and tomorrow’s business challenges.”
”Mobile wallet adoption has rapidly accelerated over the past two years, and businesses are demanding affordable solutions that integrate with existing systems while improving the overall customer experience,” Lerner added.
Fobi is a data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement. Its IoT device has the ability to integrate into existing infrastructure to enable data connectivity to create highly scalable solutions.
--Updated with share price--
Contact Angela at angela@proactiveinvestors.com
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