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viewTraceSafe Inc.

Tracesafe is playing a key role in reopening economies in a post-coronvirus world with its wearable safety technology

Snapshot

The company has developed a suite of real-time location management services and contact tracing solutions enabled through advanced, low power bluetooth beacons and enterprise cloud management

TraceSafe Inc. -

Quick facts: TraceSafe Inc.

Price: 1.1 CAD

CSE:TSF
Market: CSE
Market Cap: $38.99 m
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  • Full suite of self-quarantine monitoring technology consisting of a bracelet or access card that has an embedded chip that can trace the wearer’s location
  • Designed with user privacy and security in mind
  • Currently in use by governments and private enterprises around the world to help manage the coronavirus outbreak
  • Signing major contracts in regions like Singapore, Hong Kong, India and Texas

What Tracesafe does:

Tracesafe Inc (CSE:TSF) is playing a vital role in the safe reopening of a post-coronavirus (COVID-19) economy.

Headquartered in the British Virgin Islands and listed in Canada, the company has developed a suite of real-time location management services and contact tracing solutions enabled through advanced, low power bluetooth beacons and enterprise cloud management.

Designed with user privacy and comprehensive administrative control, the TraceSafe suite of products do not require the installation of apps on user cell phones. Its wearable technology only collects anonymous interaction data with other wearables, and all communication between devices is secured using top-level encryption.

The product comes in either a clip tag format or as a wristband that an administrator assigns to a user, which is then viewable on Tracesafe’s cloud-based platform where access levels can be assigned based on needs.

In addition to their governmental work, Tracesafe is developing leading-edge solutions for enterprise, healthcare, education and large-scale venue management.

Led by a strong team of wireless technology professionals, including Dennis Kwan, who heads up TraceSafe Technologies Inc, the firm is well set up to deploy its safety management portfolio to help the world emerge from a global crisis.

How is it doing:

Tracesafe is off to a lightning-fast start to 2021.

Its contact tracing and quarantine management technology played a key role in helping stage a safe 2021 World Junior Hockey Championship tournament. The event, which recently wrapped up in Edmonton, saw TraceSafe technology embedded into the credentials of everyone involved in the tournament, from players to event staff to media. When COVID-19 infections were discovered in eight German and two Swedish team members, TraceSafe’s technology helped to facilitate early detection and targeted isolation measures to contain the spread.

Another key partnership came from the Cayman Islands Government, which deployed Tracesafe's full suite of contact tracing solutions in an initiative branded 'Stay Safe Cayman' similar to an earlier quarantine management solution the company delivered for the Hong Kong International Airport.

In January, the company announced an exclusive partnership with TTG Canada for national and international events.  TTG's dedicated and experienced sponsorship, marketing and communications team's portfolio includes high-profile properties and events such as Rugby Canada, HSBC World Rugby Sevens Series, Hockey Canada, and the IIHF World Junior Championships, as well as collaborations with many prestigious Canadian brands on strategic marketing and purpose initiatives.

And in an effort to energize one of the hardest-hit sectors of the pandemic, TraceSafe recently formed a strategic cruise ship division led by its current director of global business development, Susanne MacKillop, based on ongoing collaboration and positive feedback from the industry.

The company is making significant product innovations specifically for the benefit of cruise lines, including low connectivity support and rapid pairing, which will be easily transferred to all TraceSafe customers and further differentiate TraceSafe from competitors. It recently unveiled its first series of pilot projects, with a series of tests underway with multiple major European operators.

Inflection points:

  • Reopening of economies and venues in a safe manner as the pandemic continues
  • Increasing the adoption of smart technology in the workplace
  • Deployment of massive amounts of wearables to government and private sector
  • The roll-out of cruise ship initiatives

What the boss says:

CEO Wayne Lloyd recently told investors that TraceSafe is already seeing synergies from working with TELUS, through the deployment of TraceSafe powered by TELUS.

"While we are currently working with TELUS to help bring sports and events safely back in a COVID-19 world, we are thrilled that TraceSafe is included in the TELUS IoT Marketplace. This speaks to TELUS' support of our growth, and their belief that TraceSafe has an important role to play in supporting Canadian businesses, as they look for innovative solutions for a connected workplace."

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

What the analyst says:

Click here to read Proactive Analyst Ed Stacey's latest update

 

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Tracesafe: COVID-19 crisis accelerates adoption of wearable technologies...

Proactive Research analyst Ed Stacey presents his research on Tracesafe, a provider of health-and-safety wearable tech. He explains that given the backdrop of global quarantine rules their designs are well positioned for back-to-work contact tracing and social distancing. In terms of...

1 week, 4 days ago

4 min read