TraceSafe started in the medical devices segment by making infant tracking bracelets. These are placed on newborn babies’ wrists or ankles so that medical staff will know where the babies are at all times. The company was tapped by the Hong Kong government in 2020 to adapt its technology to help with mandatory quarantines for travelers. The TraceSafe wearables use low-frequency Bluetooth signals to relay location and health information to beacons that can efficiently manage contact tracing at scale.
“For construction clients, for example, it'll be something that attaches to the hardhat, or it gets integrated into the safety vest. For a an international sporting event, [it] would be something that would just be built into the [ticket] lanyard," explains Wayne Lloyd, CEO of Tracesafe.
Lloyd stressed that while TraceSafe wearables can simplify contact tracing, they’re incapable of being used for tracking employees and their movements, which might help with employee privacy concerns. “The data is anonymized to users except when there is an exposure. That'd be the only time that you could understand who it was. and that's purely in order to notify the person,” said Lloyd.
Read full article here.
The Canadian Securities Exchange has in no way approved or disapproved the contents of this news release.
Statements in this news release may contain forward-looking statements that are based on TraceSafe’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to expectations regarding the TraceSafe assets and their application, future business plans and relationships, future developments in respect of COVID-19 and solutions adopted in response to the virus, and the deployment and acceptance of the TraceSafe technology. Although TraceSafe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict, including the suitability of our products to help businesses and governments reopen, competition, the spread or containment of COVID-19 and government responses thereto and general economic and market conditions. Therefore, outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and TraceSafe undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances unless otherwise required to do so by law.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES