Fobi AI Inc. Inc. (FOBI:TSXV FOBIF:OTCQB) (the “Company” or “Fobi”), a leader in automated venue management and access solutions, is pleased to announce the Company has entered into a one year Agreement with a large US stock exchange to provide Fobi’s CheckPoint digital venue management and access solution. Fobi is enabling this stock exchange to provide an automated, contactless, and verified point of entry, making it easier and safer for their employees, clients, and visitors to access their venues. With the highest level of data security and privacy, CheckPoint ensures their visitors’ best interests for security and safety are protected across their conference locations, offices, meeting rooms, and other venues. Fobi services for the stock exchange will launch this quarter and Fobi will earn revenue on this deal through an initial setup fee and ongoing revenue from a per pass license fee.

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The Stock Exchange is a global destination welcoming staff and guests through its front doors for the iconic bell ringing ceremonies, influential in-studio media interviews and corporate entertaining and hospitality. By using CheckPoint, the entry process is automated so each visitor can have their ID verified before they visit and check in with the new contactless Fobi 2.0 Smart Tap devices, making it easier, faster, and safer to enter the venue when they get there. The system will log who visited and when and will turn off access automatically for those people whose access rights have expired.

Fobi CEO Rob Anson stated: “We identified a big gap in regard to the user and operational experience for the venue access and management vertical.

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