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Fobi (TSXV:FOBI) releases next-gen Fobi 3.0 IoT device

Technology
TSXV:FOBI
15 September 2021 06:00 (EDT)
Fobi AI - CEO, Rob Anson.

Source: Fobi AI.

Fobi AI (FOBI) has released the next generation of its proprietary IoT device, Fobi 3.0.

Fobi 3.0 provides an out-of-the-box solution, with no IT integration, that connects and consolidates all existing peripherals in a typical retail environment, such as point-of-sale systems, receipt printers, and barcode scanners.

Fobi 3.0 upgrades include dual USB ports, enhanced data processing and computing, increased device memory, marketing campaign tracking, native NFC application support, and a new operating system that enables improved POS marketing functionality. 

The new upgrades are in line with the company’s recent acquisition of the Qples coupon platform, as Fobi 3.0 enables the collection of barcode coupon redemptions in Fobi’s Insight Portal.

The company has been able to secure key chip components and increase inventory levels to support current and execute future business opportunities.

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.”

“Our current channel partnerships with companies like TELUS, particularly given Fobi’s status as a TELUS procurement partner and TELUS now white labeling Fobi solutions,” added Anson.

Fobi is a data intelligence company that turns real-time data into actionable insights and personalized customer engagement.

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