Fobi Ai Inc. (FOBIF) Stock Surges After Release of Next Generation Proprietary IoT Device, Fobi 3.0 – InvestorsObserver

What is going on with FOBIF?

Fobi AI Inc. (FOBIF), a global leader in providing real-time data analytics, announced today the launch of its next generation proprietary IoT hardware device, Fobi 3.0. Shares of FOBIF increased 9.09% to $2.04 as of Wednesday at 11:13am.

What does this mean for Fobi Ai?

Fobi’s new IoT device is unique in that it has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms.
Fobi 3.0 will provide a significant upgrade from the company’s original Fobi device, including a plug and play solution that is not dependent on any IT integration. It also has an all-new design that will make it the first of its kind to provide the ability to connect and consolidate all existing data in a typical retail environment such as POS (Point of Sale systems), receipt printers, and barcode scanners.
Rob Anson, CEO of Fobi stated, “Today is a monumental day for the company and its shareholders. This new product release will not only provide us with an entirely new level of capabilities and functionality but it also provides us with the means to continue to execute on our near turn opportunities and our stacked business pipeline. Today’s product release also provides us with an all-new level of incredible value to our channel partners such as TELUS.”
Additionally, Fobi stated that it has been able to secure key chip components in spite of the worldwide chip shortage affecting the industry.

Long-Term Technical Rank - 99

FOBIF has a Long-Term Technical Rank of 99. Find out what this means to you and get the rest of the rankings on FOBIF!

Loop Insights is a Vancouver-based technology company that has developed a proprietary platform that harnesses the power of AI to deliver retail insights to brands and brick and mortar businesses. The company’s IoT device, Fobi, provides retailers the ability to leverage their sales data and make data-driven decisions in real-time while also delivering new direct-marketing opportunities to brands.
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