Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • TraceSafe (TSF) increases its global presence with the launch of operations In Japan
  • A number of prospective customers in the country have expressed interest in TraceSafe’s PaaS product
  • The Japanese market for IoT applications has boomed in recent years, and is expected to rise to 1.83 trillion yen in 2024
  • Recent certification puts the firm in a key position to provide IoT solutions for customers in Japan
  • Tracesafe Inc. (TSF) is in the grey, trading at C$0.48 at 3:16 pm ET

Tracesafe (TSF) has expanded its presence in the APAC region with the launch of operations in Tokyo, Japan.

A number of prospective customers in the country have expressed interest in TraceSafe’s PaaS product, specifically for enterprise IoT applications. The company has invested significant resources to develop its innovative suite of products for enterprise IoT, including asset tracking, contact tracing, and employee connectivity and engagement.

“Demand for globally proven IoT platforms like TraceSafe’s is growing,” said Wayne Lloyd, TraceSafe CEO.

“After gaining a solid footing in North America and Singapore, laying the groundwork for partnerships in Europe and becoming the number one IoT provider for cruise lines, increasing our presence in the APAC region is a logical next priority for TraceSafe,” added Lloyd.

The Japanese market for IoT applications has boomed in recent years and is expected to rise to 1.83 trillion yen in 2024 (approximately 16 billion USD). TraceSafe’s recent ISO27001 certification puts the firm in a key position to provide IoT solutions for customers in Japan, where the certification is a legal requirement.

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.

TraceSafe’s leading cloud management solution ensures both user privacy and comprehensive administrative control.

Tracesafe Inc., (TSF) is in the grey, trading at C$0.48 at 3:16 pm ET.

More From The Market Herald
PyroGenesis Canada Inc. - CEO, P. Peter Pascali.

" PyroGenesis (TSX:PYR) receives $2.5 million milestone payment from Tata Steel

Pyro Green-Gas, a subsidiary of PyroGenesis Canada (PYR), has received part of a $9.3 million contract with Tata Steel.
Levitee Labs - CEO, Pouya Farmand.

" Levitee Labs (CSE:LVT) partners with Adracare for addiction and mental health support

Levitee Labs (LVT) has signed an agreement with Adracare to develop a platform for mental health services.

" TrackX (TSXV:TKX) partners with Do Good Foods

TrackX’s (TKX) Keychain tracking solution will serve as Do Good Foods’ supply chain and customer reporting platform.
Mary Agrotech - CEO, Frank Qin (left).

" Mary Agrotech (CSE:MARY) signs deal with one of China’s largest vertical farms

Mary Agrotech (MARY) has entered a strategic partnership with Changzhi Yufeng Agricultural Technology Development.