Loop Insights expands Venue Bubble platform to launch first “Film Bubble” for major movie in partnership with Draganfly

Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF), a provider of contact tracing and artificial intelligence to drive automated marketing, revealed on Monday that it had successfully launched its first “Film Bubble” for a major motion picture that is scheduled to kick off filming in January 2021. The Vancouver-based advanced technology company said the name of the movie and the actors will remain confidential until filming starts. The company chalked up the launch of the Film Bubble to a partnership agreement with Draganfly Inc (DFLY:CSE). Draganfly’s Safe Set Solutions for the film and TV production industry uses symptom pre-screening, elevated body temperature measurement, and social distancing digital displays to help ensure that everybody on a set is safe. In a statement, Loop Insights CEO Rob Anson said: “The addition of Dragonfly’s Safe Set Solutions to our Venue Bubble Platform creates an instant and powerful Film Bubble solution for an industry that has suffered catastrophic losses in 2020 and can’t afford to stay shut down for a minute longer.” READ: Loop launches multilingual platform to support national programs; receives $4.6M from exercise of warrants He added: “We are extremely proud to have jointly delivered a solution to the film industry that will allow them to safely get their crews, actors, and supporting infrastructure back to work and generating prosperity, the ripple effects of which reverberate around the world.” Undoubtedly, film and TV studios are desperately seeking fast and reliable solutions to resume filming. “Partnering with Loop Insights to combine our respective technologies into Loop’s Venue Bubble solution is a powerful and significant step to help all industries and most immediately Hollywood and the global film industry safely ramp up production,” said Draganfly CEO Cameron Chell.    “Film industry investors, insurance companies, unions, and guilds are all seeking this type of solution to keep workers safe and protect their investments.” Total earnings at the North American box office in 2019 amounted to US$11.3 billion according to Statista.com. As a result of production closures and cinema shutdowns linked to the pandemic, the beleaguered industry is now at significant risk of long-term damage if it is unable to find solutions that can provide for the safe resumption of operations. Specifically, the global entertainment industry is projected to lose $160 billion in growth over the next five years, according to research firm Ampere Analysis. On November 2, AMC Theatres announced a 91% drop in revenue during the most recent earnings period, with losses hitting $906 million in the most recent quarter. Most significantly, Loop has already successfully created venue bubbles for two separate live tournaments hosting top NCAA Division 1 basketball teams in Florida and Las Vegas. Draganfly’s Vital Intelligence technology utilizes regular cameras to read vital signs such as heart rate, respiratory rate, and SpO2, also known as oxygen saturation. The technology can help screen for infectious conditions, including COVID-19.  “The film industry has been an obvious major opportunity for our Venue Bubble solution and this first Film Bubble will provide a great showcase for our film industry solution, as well as, additional opportunities for travel, venue, and various healthcare applications we have been working on,” added Anson. Contact the author Uttara Choudhury at uttara@proactiveinvestors.com Follow her on Twitter: @UttaraProactive