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Fobi AI inks licensing deal with CareSpace to utilize Wallet Pass in helping college campuses verify vaccinations

Fobi AI Inc (CVE:FOBI) (OTCQB:FOBIF) announced it has signed a licensing agreement with CareSpace.AI, a digital health company, to bring its Fobi Wallet Pass to higher education facilities across North America.  The Fobi venue management system will provide secure coronavirus (COVID-19) vaccination confirmation and validation, contactless registration, promotion, payment and more. Fobi Wallet pass technology, SmarTap and Insight portal solutions will be integrated with the CareSpace CampusPass platform.  More than 100 college campuses across the US have stated that they will require proof of vaccination to resume in-person classes and on-campus activities, the company said. That means there is a monumental need for higher education facilities to have a platform in place to manage accurate and secure records, to limit liability and ensure the safety of students and staff.  READ: Fobi AI taps former NielsenIQ executive Richard Lee as its SVP of strategy and corporate development The integration of Fobi’s Wallet Pass with the CampusPass platform will also offer community partners and sponsors ways to engage with students through personalized promotions, events and digital touchpoints. “With higher-level institutions hit hard by the COVID-19 pandemic, they are looking for new ways to entice students back to on-campus operations in a way that protects student identity and privacy, while opening new revenue opportunities,” CareSpace CEO David Richards said in a statement. “This agreement with Fobi will enable us to provide all of our campus clients with the ability to not only keep their students safe and secure but to enrich the student experience with new expanded touchless transaction opportunities. With the help of Fobi’s real-time capabilities, this platform will ensure that campuses see an increase in student and alumni loyalty and affinity with positive community impact at scale.” CareSpace has had success developing an emergency response platform for the International Red Cross, the company said, which is used by more than 96 million volunteers worldwide. The platform itself is delivered by Microsoft and Unisys who provided key contributions to its data security and data privacy. “Both Fobi and CareSpace have seen great success within the venue management and events space over the past year, with CareSpace driving new population health programs through their HIPAA compliant platform and Fobi having had major success creating secure sporting events bubbles for the NCAA,” Fobi CEO Rob Anson said. “We are confident that this agreement will enable us to continue to provide campuses across North America with the tools to resume operations and recoup lost revenue streams with our combined venue management tools.” Fobi expects the agreement to generate revenue from an annual license and service agreement, in addition to Wallet Pass fees. Given that there were more than 3,982 degree-granting postsecondary institutions in the US as of 2019-2020 and over 19 million students registered, the company sees this as a significant potential market. Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com Follow him on Twitter @andrew_kessel

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