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COVID-19 Contract Tracing Suite to Be Deployed by Major Singapore Construction Firm
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TraceSafe's technology will help the large construction company both reopen and operate safely.

TraceSafe Inc. (TSF:CSE) announced in a news release that it and Boustead Projects E&C, one of the largest construction firms in Singapore, will partner to deploy and use COVID-19 contract tracing technology to "help meet the COVID-Safe Restart Criteria published by the Singapore Building and Construction Authority. This represents the first Enterprise Contact Tracing deployment of the product suite called AllSafe."

"The arrangement is an example of major enterprise employing TraceSafe contact tracing solutions to help reopen safely using technology to provide a safer work environment," the release noted.

In the initial enterprise deployment, TraceSafe's product suite, AllSafe, which consists of wearable bracelets, gateway devices and cloud management software, will be set up at one of Boustead's work sites in Singapore. All Boustead personnel will wear a contract tracing bracelet, and gateway devices will be installed at certain entrance/exit and other points on the property. Data will be generated, saved to and retrievable from the cloud.

With AllSafe, contract tracing records can lead to identification of employees who may have been exposed to someone with a confirmed case of COVID-19 based on the location of the devices worn by all workers. Also, when physical distancing requirements are violated, the product detects the breach, sounds an alarm in real time and records the incident. AllSafe facilitates worker assignments and team separations, as needed, too.

Upon subsequent proof of concept, both TraceSafe and Boustead agreed to "negotiate a definitive agreement for the deployment of AllSafe in all Boustead managed work sites," according to the release.

"We are thrilled that Boustead has agreed to deploy our technology at its worksite for their workers as they reopen. Singapore is one of the most rapidly industrializing countries in the world. We believe that TraceSafe solutions are well suited for this application. We could not be more excited working with Boustead," said Dennis Kwan, CEO of TraceSafe Technologies. "A successful proof-of-concept will position TraceSafe as a solution for construction sites and other large-scale enterprises looking to reopen safely."

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with TraceSafe. Please click here for more information. Within the last six months, an affiliate of Streetwise Reports has disseminated information about the private placement of the following companies mentioned in this article: Blockchain Holdings, the predecessor of TraceSafe.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of TraceSafe, a company mentioned in this article.




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