Loop Insights Inc (CVE:MTRX) (OCTMKTS:RACMF) has arranged a partnership with Empower Clinics Inc (OTCMKTS:EPWCF) (CSE:CBDT) (FRA:8EC) to provide an end-to-end COVID-19 mitigation solution, complete with venue tracing, real-time automated guest exposure notifications, and frequent testing with rapid results in 15 minutes.
Loop noted that as a result of the pandemic, mandatory 14-day quarantine periods, and the lack of any travel bubble solutions that could reliably track and mitigate the global spread of the virus by plane or cruise ship, countries have been forced to take drastic measures that are leading to significant damage of the global travel industry.
Together, Loop and Empower have created a system built on the pillars of -- venue tracing, frequent testing with rapid results, and real-time reporting to ensure the travel bubble provides end-to-end protection, according to a statement Monday.
Empower’s rapid antigen and antibody tests produce results in only 15 minutes, providing airlines, cruise ships, and the 182 countries currently in full or partial shutdown, with the safety and security necessary to reopen their borders to international travel fully.
Moreover, Empower owns KAI Medical Laboratory, an accredited laboratory that provides reliable and accurate testing solutions to enterprise-level clients, hospitals, medical clinics, pharmacies, and employer groups.
KAI has taken an active role in COVID-19 testing, battling the pandemic through RT-PCR testing and serology testing, with the capacity to process 4,000 RT-PCR test specimens per day. COVID-19 RT-PCR testing is the gold standard due to its high degree of accuracy and will play an important role in the Travel Bubble solution.
As the front-facing part of the Travel Bubble solution, Loop, as a powerful artificial intelligence (AI) company, recently was recognized by TELUS as one of the most advanced IoT solutions in the world for its customers.
"We have heard from stakeholders in the entertainment, travel, and hospitality industries that have stressed the importance of an end-to-end integrated solution capable of protecting employees and customers to facilitate a safe economic recovery," said Loop Insights CEO Rob Anson. "In partnership with Empower's rapid testing technology, Loop has established a comprehensive solution capable of establishing a travel bubble and reopening a significant portion of the global economy."
READ: Empower Clinics completes acquisition of Kai Medical Lab to advance coronavirus testing programs
Steven McAuley, CEO of Empower Clinics, added: "As we expand our efforts on the Get Back To Work testing initiative, it has become apparent that businesses of all types, large or small, private or public sector require not only fast and accurate COVID-19 testing, but also a comprehensive solution for contact tracing."
The Travel Bubble solution comes at a time when major industry participants and economic experts are calling for solutions beyond quarantining to reopen industries and stave off economic collapse. As of today, 58 countries are completely closed, 124 countries are partially open with mandatory quarantine upon arrival.
Loop and Empower believe the Travel Bubble combination of frequent testing and a robust international tracing platform provides the end-to-end protection necessary to spark a strong global economic recovery.
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