Fobi selected among nine other companies from over 1,500 applicants across 52 countries for this year's sports tech accelerator program.

VANCOUVER, BC, Feb. 22, 2024 (GLOBE NEWSWIRE) -- February 22, 2024, Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that Fobi has been selected among nine other companies from over 1,500 applicants across 52 countries for this year's sports tech accelerator program.

Rob Anson, CEO of Fobi AI, proudly declares: "Being chosen out of 1500 applicants is not just an honor; it's an extraordinary opportunity for us to not only enhance our visibility but also establish direct connections within the partner network."

Below is the press release from Comcast NBCUniversal SportsTech:

Ten Companies Secure Spot in 2024 Class of the Comcast NBCUniversal SportsTech Accelerator

The six-month program provides founders with opportunities to collaborate with leaders from some of the world's most recognized sports brands, including NBC Sports, NASCAR, the Premier League, PGA TOUR, Sky Sports, Comcast Spectacor, and US Olympic sports organizations.

Since the first class in 2021, SportsTech alumni have achieved 132 pilots, partnerships, and commercial deals with consortium partners

PHILADELPHIA, February 22, 2024 —Today, 10 companies were accepted into the fourth class of the Comcast NBCUniversal SportsTech Accelerator, powered by Boomtown. The immersive six-month program will kick off in March.

The exciting opportunities and impactful outcomes of the SportsTech program have continued to fuel interest and demand with more than 1,500 applicants for this year's class, from across 52 countries. The 10 companies selected will have a chance to engage with some of the top sports and tech brands from around the world, including the Premier League, who just joined the SportsTech partner consortium last summer, along with NBC Sports, NBC Sports Next, Sky Sports, Comcast Spectacor, Golf, NASCAR, and PGA TOUR; and three US Olympic sports organizations: U.S. Ski & Snowboard, USA Swimming, and USA Cycling. Since the first class in 2021, SportsTech alumni have achieved 132 pilots, partnerships, and commercial deals with consortium partners.

This unique access to decision-makers at leading sports brands and organizations and across Comcast will provide valuable insights on enhancing their products and services and prepare for accelerated commercial success through strategic collaborations with program partners and within the broader sports industry.

"When it comes to constructing and curating our SportsTech portfolio, every facet of our decision-making process aims to unlock startups that can become ‘scale-ups' ready to impact the world of sports," said Jenna Kurath, Vice President, Startup Partnerships and Head of Comcast NBCUniversal SportsTech. "The SportsTech program focuses not only on tackling complex business challenges for a vast cross-section of some of the world's most recognized sports brands, but it additionally prepares founders to build sustainable businesses."

Entrepreneurs will work one-on-one with SportsTech advisors and participate in customized programming focused on refining go-to-market strategy, commercial business alignment, and adaptive business modeling, with an emphasis on direct business outcomes for enterprise-ready scale.

SportsTech participants will also benefit from a series of unique excursions and working retreats structured around partner events that will bring founders behind-the-scenes to give them a better understanding of the organizations' operational needs.

The 2024 program will begin on March 4 in Florida with a roadshow of partner events and immersion experiences designed to deepen customer discovery—taking founders behind-the-scenes at Universal Studios Florida and NASCAR's Daytona International Speedway and showcasing how PGA TOUR and NBC Sports' Golf produce professional sporting events, like the Arnold Palmer Invitational—allowing founders to identify how to align their technology solutions to the business and operational needs of partners.

Mentors will include industry leaders from Comcast NBCUniversal as well as strategic advisors from the Boomtown network and the partner consortium, including: Will McIntosh, President, NBC Sports NEXT and Fandango; Lora Dennis, Executive Vice President, NBCUniversal Local; Jim Denney, Chief Product Officer, Peacock; Alexandra Willis, Director of Digital Media and Audience Development, the Premier League; Wyatt Hicks, NASCAR Digital Vice President; and Scott Gutterman, Senior Vice President, Digital Operations, PGA TOUR, among others.

The capstone of the program will take place at Rally Innovation in Indianapolis on August 27-28, 2024, where this year's founders will showcase their tech innovations, putting a spotlight on their scale-up traction during the program to garner new business opportunities across the broader sports industry.

For those interested in applying to join the next Comcast NBCUniversal SportsTech Class of 2025 and to learn more about the program's eight focus areas: media and entertainment, fan/player engagement, athlete/player performance, team and coach success, venue and event innovation, fantasy sports and betting, esports, and the business of sports, visit www.comcastsportstech.com/2025.

Comcast NBCUniversal SportsTech Class of 2024 includes:

Aquimo Inc – Mesa, AZ, USA

Aquimo drives value to brands, sports teams, and media through massive multiplayer mobile skill-sports games that integrate the motion of users' phones and let millions play on any TV or live-stream broadcast – with no download required.

Dizplai – Manchester, United Kingdom

Dizplai enables real-time audience engagement for live news, sports, and entertainment, turning broadcasts into immersive two-way experiences by seamlessly integrating with social media, messaging apps, user-generated content, and sports data with dynamic graphics.

Fobi AI – Vancouver, Canada

Fobi AI uses automation, AI, and real-time data intelligence to enhance global customer engagement, personalization, and activation.

KYMIRA – Reading, United Kingdom

KYMIRA creates products with infrared and sensor tech that enhance performance and recovery, address chronic illness, mitigate against injury risk, improve sleep, and provide never-before-seen data insights for men and women.

Mantis-AI – Sao Paulo, Brazil

Mantis AI turns raw footage and noisy data into artfully-organized video clips with enriched data and content insights.

Mobii Systems – Ontario, Canada

Mobii Systems' Microblock Technology revolutionizes the way video streams are synchronized, encoded, and distributed in real-time globally, delivering new user experiences at the live edge.

StellarAlgo – Calgary, Canada

StellarAlgo applies deep data insights and machine learning to turn sports fans into avid customers, enabling true precision marketing by identifying the right opportunities for the right fans at the right time.

Plantiga – Vancouver, Canada

Plantiga is redefining athlete health and performance monitoring with in-shoe sensors and AI.

ZATAP – Winterthur, Switzerland

ZATAP is a platform for creating direct-to-customer connections for brands through "phygital" products: tapping the product with a smartphone allows the customer to unlock engaging digital experiences while enabling brands to build sophisticated customer profiles.

Zoomph, Inc. – Reston, VA, USA

Zoomph provides partnership insights and analytics that help sports and entertainment brands, media, leagues, teams, and athletes analyze social and broadcast content and track trends and competition in real-time.

About Comcast Corporation

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences.

Visit www.comcastcorporation.com for more information.

About Comcast NBCUniversal SportsTech

Comcast NBCUniversal invests in some of the best sports tech startups in the world. We back this investment by providing our startups with a rigorous, custom curriculum, and we surround our entrepreneurs with a dream team of sports industry advisors and experts who are passionately dedicated to helping them succeed. Comcast SportsTech features a partnership of four of Comcast NBCUniversal's sports brands - NBC Sports, Sky Sports, Comcast Spectacor and Golf – alongside Premier League, NASCAR, WWE, and PGA TOUR, and three US Olympic sports organizations: U.S. Ski & Snowboard, USA Swimming, and USA Cycling. This network of partnerships brings an early lens into innovation solutions, exclusive access to research and business insights, and differentiated value to Comcast's media rights relationships. The program brings creative solutions to the partner consortium and to market through the lens of eight core investment categories: Media & Entertainment; Fan/Player Engagement; Athlete/Player Performance; Team & Coach Success; Venue & Event Innovation; Fantasy Sports & Betting; esports; and the Business of Sports. Visit www.comcastsportstech.com to learn more.

About Boomtown

Boomtown designs and operates exclusive, custom, and turnkey innovation platforms that unlock the power of open innovation for major corporations and organizations. Unlike traditional accelerators that mainly benefit investors, Boomtown Innovation Platforms are custom-tailored for corporate development, leveraging outside innovation to generate business growth and solve vexing corporate challenges, creating a long-term competitive advantage. Since 2014, Boomtown has successfully executed more than 20 innovation programs and invested in nearly 250 startups, achieving a portfolio value of more than $1.5 billion. For more information visit https://boomtownaccelerators.com/

This press release is available on the Fobi website.

To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page.

About Fobi AI

Founded in 2017 in Vancouver, Canada, Fobi is a leading AI and data intelligence company that provides businesses with real-time applications to digitally transform and future-proof their organizations. Fobi enables businesses to action, leverage, and monetize their customer data by powering personalized and data-driven customer experiences, and drives digital sustainability by eliminating the need for paper and reducing unnecessary plastic waste at scale.

Fobi works with some of the largest global organizations across retail & CPG, insurance, sports & entertainment, casino gaming, and more. Fobi is a recognized technology and data intelligence leader across North America and Europe, and is the largest data aggregator in Canada's hospitality & tourism industry.

For more information, please contact:

Fobi AI Inc.		Fobi Website: www.fobi.ai
Rob Anson, CEO		Facebook: @Fobiinc
T: +1 877-754-5336 Ext. 3		X: @Fobi_inc
E: ir@fobi.ai		LinkedIn: @Fobiinc

This news release contains certain statements that constitute forward-looking statements or information, including statements regarding Fobi's business and technology; the ability of Fobi to engage with industry participants to achieve its goals; the development of Fobi's technology; and the viability of Fobi's business model. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Fobi's control, including the impact of general economic conditions, industry conditions, competition from other industry participants, stock market volatility, and the ability to access sufficient capital from internal and external sources. Although Fobi believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated, or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity, or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Fobi does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Fobi should be considered highly speculative. There can be no assurance that Fobi will be able to achieve all or any of its proposed objectives.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Fobi AI Chosen To Participate in the 2024 Comcast NBCUniversal SportsTech Accelerator Program