Vancouver –– January 17 th , 2017 –– LOOPShare Ltd. (TSX-V: LOOP) (“LOOP” or the “Company”), a
global provider of electric scooter shared fleet services and technology today announced that the first batch of
scooters was received on January 5th for its Loop Zone Operation field trial in the city of Vancouver, Canada.
The Loop scooters importation was made possible after LOOPShare secured Transport Canada permission.
“The plan was to receive these scooters in August 2016. However, Transport Canada homologation requirements
dictated a process that successfully concluded last month”, said Anwar Sukkarie, President and Chief Executive
Officer of LOOPShare. “With these scooters available for a field trial in Vancouver, LOOPShare aims at a
commercial Loop service launch during the second quarter of this year.”
A minimum of 110 Loop scooters are planned for Vancouver in 2017. Field trials typically conclude after a 3-
month term followed by a commercial rollout of the Loop service.”
About LOOPShare Ltd.
LOOPShare Ltd. (TSX-V: LOOP) a Vancouver company established in 2009 (formerly Known as Kenna Resources Corp.) and its wholly owned subsidiary Saturna Green Systems Inc. have commercialized a first generation, a wireless ruggedized 7” touchscreen 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 solution 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. “Loop” is a trademark of LOOPShare Ltd. For further information, please visit www.loopscooters.com.
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