- TraceSafe (TSF) has announced the sale of its one-millionth IoT device
- The company views the milestone as a testament to how essential technology becomes in times of crisis
- It remains focused on its enterprise platform-as-a-service business model, which processes over 15 million contacts per day
- TraceSafe offers real-time location management services and contact tracing solutions enabled through Bluetooth and the cloud
- TraceSafe (TSF) is unchanged trading at $0.53 per share
TraceSafe (TSF) has announced the sale of its one-millionth IoT device.
The company views the milestone as a testament to how essential technology becomes in times of crisis, most recently with contact tracing needs surrounding COVID-19.
According to ReportLinker, the global enterprise wearables market is expected to grow at a CAGR of over 41 per cent during 2019-2025.
TraceSafe remains focused on its enterprise platform-as-a-service business model, offering clients full control over the design and functionality of its hardware and software. This model has led to an increased average selling price per device kit as well as a continuous revenue stream from monthly software fees.
The company’s platform currently processes over 15 million contacts per day.
Wayne Lloyd, TraceSafe’s CEO, stated,
“Forward-thinking companies see wearable technology as an opportunity to leverage the vast amount of data at their fingertips that would otherwise go to waste. Companies can use that data to shape their industries and create new opportunities and services for their customers.”
TraceSafe offers real-time location management services and contact tracing solutions enabled through Bluetooth and the cloud.
TraceSafe (TSF) is unchanged trading at $0.53 per share as of 9:37 am ET.
