- TraceSafe (TSF) has been granted a patent from the U.S. Patent and Trademark Office
- The patent further reinforces the company’s expanding IP portfolio
- TraceSafe plans to implement the novel Position Tracking System for various applications across industries including self-quarantine, contact tracing, patient monitoring, location history tracking, and personnel-asset usage monitoring
- TraceSafe is a full suite of real-time location management services and contact tracing solutions enabled through advanced low power Bluetooth beacons and enterprise cloud management
- Shares in TracSafe Inc. (TSF) are up 3.57 per cent, trading at $0.58 per share
TraceSafe (TSF) has been granted a patent from the U.S. Patent and Trademark Office for its novel Position Tracking System.
The patent further reinforces the company’s expanding IP portfolio that includes energy-efficient wearables for patient tracking.
Conventional position tracking solutions require an elaborate and high-energy infrastructure for wearables and other asset tracking components that have to be frequently recharged.
This patented technology enables continuous tracking and monitoring of electronic tags by achieving extremely low power consumption.
“With stronger environmental regulations and rising demand for solutions aiding sustainable operations, TraceSafe is uniquely positioned to meet the market demand with technology that supports energy efficiency,” said TraceSafe CEO Dennis Kwan.
“The newly added patent and supporting technology can have a large scale impact on the way IoT solutions are deployed in global markets and we are proud to be the pioneers in the segment,” he added.
The novel Position Tracking System can be successfully implemented to achieve accurate data for various applications across industries including self-quarantine, contact tracing, patient monitoring, location history tracking, and personnel-asset usage monitoring.
TraceSafe is a technology company with a full suite of real-time location management services and contact tracing solutions enabled through advanced low-power Bluetooth beacons and enterprise cloud management.
The company’s leading cloud management solution ensures both user privacy and comprehensive administrative control.
In addition to the company’s government work, TraceSafe is developing leading-edge solutions for enterprise, healthcare, education, and large-scale venue management.
Shares in TracSafe Inc. (TSF) are up 3.57 per cent, trading at $0.58 per share as of 9:35 am EST.
