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TraceSafe signs agreement with major Singaporean construction firm to deploy its location management technology across project sites

The deal is the first enterprise contract tracing deployment of TraceSafe's location management product suite, AllSafe

TraceSafe Inc. -
Boustead is one of the largest construction companies in Singapore

TraceSafe Inc (CSE:TSF) (OTCMKTS:UTOLF) announced that Singaporean construction firm Boustead Projects E&C Pte Ltd will use the company’s location management technology as it reopens its construction project sites.

The agreement helps Boustead, one of the largest construction companies in Singapore, to safely account for its employees in the event of any confirmed positive cases of coronavirus, or COVID-19, as part of a set of criteria for safe reopening outlined by the Singapore Building and Construction Authority.

For Canada’s TraceSafe, the deal represents the first enterprise contract tracing deployment of its location management product suite AllSafe.

READ: TraceSafe announces plans to raise $10 million to boost inventory of its self-quarantine technology

"We are thrilled that Boustead has agreed to deploy our technology at its worksite for their workers as they reopen,” TraceSafe Technologies Inc CEO Dennis Kwan said in a statement Monday.

“Singapore is one of the most rapidly industrializing countries in the world. We believe that TraceSafe solutions are well suited for this application.”

Boustead will utilize TraceSafe’s wearable devices and cloud management software for its workers at project sites to manage contact tracing during the coronavirus pandemic. Employees who may be exposed can be easily identified by records based on the proximity of the devices worn by all workers. The technology can also detect any social-distancing encroachments and generate alarm warnings in real-time for site supervisors to take immediate action.

"A successful proof-of-concept will position TraceSafe as a solution for construction sites and other large-scale enterprises looking to reopen safely,” Kwan added.

The first deployment is expected at a select project site. Both TraceSafe and Boustead will look to expand the deployment across all project sites once government approvals and support are obtained, according to a statement.

TraceSafe is currently in use by governments and private enterprises to help manage the coronavirus outbreak.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Price: 0.29 CAD

Market: CSE
Market Cap: $10.28 m

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