KABN’s Liquid Avatar partners with Geon Network for Augmented Reality

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KABN Systems North America | Release | Aug 19, 2020

KABN and GEON Network - KABN’s Liquid Avatar partners with Geon Network for Augmented RealityTORONTO, ON & GIBRALTAR / ACCESSWIRE / August 19, 2020 / KABN Systems NA Holdings Corp. (CSE:KABN) (the "Company" or "KABN" or "KABN North America"), a Canadian Fintech company that specializes in continuous online identity verification, management and monetization in Canada and the US, is pleased to announce that it has signed an initial agreement with Europe-based, Geon Network ("Geon") (www.geon.network), a global leader in Augmented Reality ("AR") technologies to provide Liquid Avatar and KABN users with a host of innovative AR applications, including Geon's patent pending AR-based geo-location mining ("Geo-mining") rewards platform. This technology allows users to interact with a predetermined "real" location and see a series of virtual objects, interactive images, beacons, tasks, and events using their mobile device. Liquid Avatar (www.liquidavatar.com) will be partnering with GEON to create proprietary AR solutions to enhance its value proposition to consumers and commercial partners.

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According to a July 24th, 2020 report posted on Benzinga.com, the global augmented reality services market is expected to reach $148.72 billion in 2023 (Business Research Company's Augmented Reality Services Market Global Report 2020-30: Covid 19 Growth and Change).

Predominantly in the EU, Geon has over 200,000 app downloads on iOS and Android as well as over 1.7 million pre-set AR locations with over 80,000 created by the Geon community and business partners. Geon users visit over 3,700 locations weekly. This year at the World Economic Forum in Davos, Switzerland, Geon successfully launched an Augmented Reality mapping and location platform for visitors. Further, during the recent presidential elections in Poland, the Geon platform was used to promote voting locations, with over 5,800 Geon users visiting voting booths.

Geon's gamification program allows users to set up or visit predetermined virtual objects, beacons or events at specific geographic locations and earn rewards, like "coins", discounts, and other items, for time spent and / or tasks completed. In early testing, over 6,000 users redeemed business products and services in the Geon in-app store using Geon coins.

In North America, KABN will be partnering and adapting this technology to create AR experiences with Liquid Avatar for sharing, shopping, dining, tourism and more. The platform will generate virtual, location-based offers, games, and tasks for users to engage with, on a permission basis, delivering value to Liquid Avatar's known and verified userbase. Liquid Avatar users will benefit from finding virtual "Easter Eggs", receiving potential rewards like coupons, discounts, loyalty points and more, supporting both digital and conventional engagement.

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Using complimentary technology, Liquid Avatar users will also be able to send AR-based messaging to other users, creating a host of new interactive ways to communicate with each other on the Liquid Avatar platform.

"We believe that Augmented Reality will play a big part of the evolution of online consumer engagement and insight analysis. Consumers can visit real locations, interact with virtual objects like logos, displays, menus, information and receive special offers and incentives," said Ben Kessler, CEO. "Our partnership with Geon will allow us to accelerate the AR integration process and create new and innovative ways to build value and revenue for Liquid Avatar users and the KABN suite of services."

Original release:  here

 


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