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Loopshare Ltd
Symbol C : LOOP
Shares Issued 41,791,256
Close 2017-06-12 C$ 0.125
Recent Sedar Documents

Loopshare to provide 15 electric vehicles to Kamakura

2017-06-13 11:11 ET - News Release

Mr. Anwar Sukkarie reports

LOOPSHARE SUBSIDIARY LOOP JAPAN ANNOUNCES SECOND WIN IN THE CITY OF KAMAKURA. PROJECT 100% FUNDED BY JAPANESE MINISTRY OF INTERNAL AFFAIRS AND COMMUNICATIONS (MIC)

Loopshare Ltd.'s Loop Japan K.K. and Japan's Ministry of Internal Affairs and Communications (MIC) have signed an Internet of things transportation agreement to provide 15 Loop electric vehicles which will be co-developed together with a Japanese electric vehicle manufacturer for Kamakura. This will be a pilot project 100 per cent funded by MIC and will conclude in February, 2018, with payment to Loop Japan K.K. in March, 2018.

"The second win in the Japanese market confirms that Japan represents a significant opportunity for Loopshare and Loop Japan K.K.," said Anwar Sukkarie, president and chief executive officer of Loopshare. "Our strategy based on establishing a foothold in Japan designed for growth in due course and based on technology development in Japan, for Japan and for the global Loopshare is proving to be effective. First Naha, now Kamakura and next would be other cities in Japan."

The initial development encompasses the customization of the Loopshare platform to accommodate the electric vehicles of choice.

About Loopshare Ltd.

Loopshare, a Vancouver company established in 2009, and its wholly owned subsidiary, Saturna Green Systems Inc., have commercialized a first-generation, a wireless ruggedized seven-inch touch-screen dashboard with telematics functionality for electric inner-city vehicles. Loopshare's highly specialized display enables a broad range of services for consumer, tourism or commercial use.

Loopshare's purpose is to develop and deploy connected end-to-end solutions for inner-city transportation vehicles, specifically geared toward transportation as a service (TaaS). Through zone operators worldwide, Loopshare will implement TaaS solutions to offer commuter convenience and tourist applications to subscribers based on Loopshare's commuter/tourism/business-focused, unique, state-of-the-art wireless two-wheel electric sharing technology.

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