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Loop Insights says its contact tracing platform pairs well with Canada's Covid Alert app

Loop’s platform allows venues and businesses to establish contract tracing by providing guests or customers with a virtual coronavirus (COVID-19) contact card on their mobile device

Loop Insights Inc contact tracing
Users scan into the system using a QR code or receive a text or email message, then check in with the virtual card whenever they enter the location

Loop Insights Inc (CVE:MTRX) told investors Thursday that its Contract Tracing Platform complements the Candian government’s recently launched Covid Alert app.  

Loop’s platform allows venues and businesses to establish contract tracing by providing guests or customers with a virtual COVID-19 contact card on their mobile device. Users scan into the system using a QR code or receive a text or email message, then check in with the virtual card whenever they enter the location. If someone with a contact card is diagnosed with the coronavirus, the other customers in the area are notified.

The Government of Canada’s Covid Alert app is meant to create a single national exposure notification center. It tracks users proximity to other app users and alerts them if someone in the area has been diagnosed with the virus and encourages them to take steps including getting tested themselves.

READ: Loop accelerates discussions with schools across North America to implement contact tracing solution prior to reopening

The problem with an app, Loop said, is that everyone has to download it in order to work effectively. Its own contract card solution gives businesses a way to ensure their customers are contact tracing without requiring them to download anything. 

"Contact tracing and management is about widespread adoption, connectivity/coverage, data management and necessary and relevant alert notifications,” Loop CEO Rob Anson said in a statement.

“The [various levels of government] have done an exemplary job in the launch of their COVID-19 Alert app. Loop is elated to have met with government representatives in this regard and look forward to continued discussions regarding a technology relationship with the governments to, among other things, assist in the effort to stop the spread of COVID-19,” he added.

In the fall, Loop believes its platform can help ensure the health and safety of students, teachers and staff if and when schools reopen. The check-in system is designed to keep children safe from the time they step onto the school bus to when they return home, the company said.

“We concur that for contact tracing to be successful, there will need to be numerous solutions,” Anson said. “As such, we have developed our proprietary solution in a manner that is expected to enable our Loop platform to easily connect to, complement and enhance any current and future solutions, whether app-based or otherwise."

Looking even farther ahead, the company intends for the technology to be future-proof once the coronavirus disappears. The contract tracing provided by the Loop platform can create a gateway for businesses to access new retail solutions, contactless near-field communication user experiences and digital transformation

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

Quick facts: Loop Insights Inc.

Price: 0.285 CAD

TSX-V:MTRX
Market: TSX-V
Market Cap: $27.66 m
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