Loop Insights Signs Contract with Summit One Source to Deliver Fully Integrated COVID-19 Lab Testing and Tracing Solution to NCAA, Healthcare, Hospitality, and USA Government - Seite 2

Loop Insights now has the ability to offer rapid test and lab results to any organization searching for a complete end-to-end COVID-19 solution across all 50 states. The combined product offering featuring Loop's end-to-end solution will focus on stadiums, hospitals, long-term care facilities, construction sites, HR administration, campuses, airlines, cruise ships, resorts, and government buildings.

Summit's COO Emily Jones, stated, "Loop Insights' venue tracing platform is the perfect complement to our best in class service offering. Our goal is to bring to market the tools and technology to enable our community to return safely to work and our children to a safe learning environment. We have listened to our client's needs and feel that combining our technologies will allow us to provide the best available resources. Loop enhances our ability to provide full data connectivity across all of our partners during this critical time."

As recent headlines have shown, airlines are the first industry adopting rapid testing to reduce or eliminate the need for 14-day quarantine periods. The travel sector has realized that industries need to adopt technology that can allow them to safely reopen in order for economic recovery to start. Loop has been actively involved in many conversations with not only airports and airlines but has been busy adding it's integrated lab testing applications to bolster existing NCAA contracts. 

The NCAA comprises 1,268 American colleges and universities, representing a portion of the 19.9 million American students that attended college in 2019. In an effort to help reopen American classrooms and sports facilities, Loop Insights is working with Summit to offer its end-to-end COVID-19 mitigation solution. In 2019, the NCAA schools reported annual revenue of $18.9 billion, with $10.8 billion originating from its athletic department.

Lack of End-to-End COVID-19 Management Solutions Continues to Cause Event Cancellations

As first reported by CBS Sports Matt Norlander, athletic organizations, including ESPN have been unable to safely reopen sports leagues without a complete end-to-end COVID-19 solution due to inflexibility and complications around testing protocols. 

"We've decided to redirect our efforts to be sure the teams have enough time to make other plans," said Clint Overby, vice president of ESPN Events. "At the end of the day our bias was toward safety and making sure that what we pulled off was in the best interests of the sport. In the absence of those things, we decided we're better off letting schools do their own thing."