TraceSafe Technologies Inc has won additional orders for its contact tracing and self-quarantine monitoring technology from the Hong Kong Government

Blockchain Holdings Ltd (CSE:BCX) (OTCMKTS:UTOLF) announced Tuesday that its wholly-owned subsidiary TraceSafe Technologies Inc has won additional orders for its contact tracing and self-quarantine monitoring technology from the Hong Kong Office of Government Chief Information Officer (OGCIO).

TraceSafe is a set of patent-protected health and safety products, including a bracelet with an embedded chip and related software to track the wearer's location. Blockchain said the burgeoning category of health and safety wearable technology will be “instrumental” to reopening economies following the coronavirus (COVID-19) pandemic. The technology can also be deployed by governments around the world to support their self-quarantine programs.

The company said TraceSafe disposable bracelets have been used in Hong Kong since end-March to assist the OGCIO manage and enforce its quarantine program for foreign visitors and returning citizens. Hong Kong’s OGCIO has been issuing TraceSafe bracelets at a rate of “hundreds to thousands per day” since they deployed the technology, the company said.

"We are pleased at the ongoing adoption of TraceSafe's technology in Hong Kong and their most recent volume shipments are a testament to its success. We are very happy to continue working hand in hand with Hong Kong authorities to thwart the spread of COVID-19," TraceSafe CEO Dennis Kwan said in a statement.

"TraceSafe is a critical tool to not only manage quarantine, but to provide a safer environment through real-time contact tracing in so many aspects of society, from workspaces to live audience venues, such as sports and concerts, to schools and universities. We are proud that TraceSafe can help the world safely re-open," he added.

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Disclaimer

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.

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