Company looks good. Inked deals with Hong Kong government for the contact tracing bracelets for 150,000 units and now landing education centres and construction sites.
They are gaining great traction in Asia. A substantial increase of 50% subsidy for tracesafe will unlatch a great deal of customers.
They only got 11 Million market cap, raised 4.1 Million got 1 Million investment in Airbeam and multiple revenue streams with rising subscribers. This one is good. Disclosure: I got shares in this one.
2021 I expect Tracesafe to branch out into IOT asset tracking. Their tech is not only good for covid quarantine but IOT tech is good for supply chain tracking, loss prevention and ton of other uses. Very Useful technology, the uses are endless.
"The need for quarantine tracking and wearable safety technology has taken off in the age of the coronavirus, and TraceSafe Inc. (TSF:CSE) has cutting-edge technological solutions for both designed to help business and government get back to work." Brilliant Idea hopes the government will do better to protect citizens. Above all, I strongly believe the stock will go up
Big time nursing home deaths. I think more nursing homes and elder care will track visitors arriving.
OTC pink. OTC info: In business since 2010. No officers/directors etc listed. Audited, but no reports available. It might be good but seems too risky for me in the USA to consider. Edit: Forgot to add "incorporated in Virgin Islands"
I agree with your assessment. In Ohio, one-half the deaths are in nursing homes/assisted care facilities. My mom is in one and I would wear a tracking bracelet if needed. I believe that the vaccines will be made available in the next month, reducing the need for the tracing.
It's OTC listed but it's Canadian company that gets audited and complies with securities law up here. It has an international holding company in. The Technology is asset tracking so I think it has more use cases beyond Covid. Loss Prevention, Asset Tracking, Connected Worker, Smart Attendance. Those markets are pretty big and seems like they are moving in that direction.
Filings are on Sedar as it's Canadian Listed as primary exchange and dual listed as OTC and auditor is listed there. https://sedar.com/homepage_en.htm
i am picking up 1,000 shares of the company. What future product areas do people think the company will get into?
If they can track cell phones inside buildings, I would think major retailers would like to know what isles people are frequenting and maybe where they are stopping. Cross checked with what was purchased they could determine what had interest but no sale. With roomba floor cleaners they could program isles to go down without people.
Coronavirus is not the only use for these bracelets. They can be used for infant monitoring as well, which are the origins of the company. Vaccine as this point isnt a sure thing. Alot of weird news coming out of that end with how reliable it is.
https://www.proactiveinvestors.com/...2020_08/1597161644_Tracesafe-Presentation.pdf Alot of good info in this presentation, showing the multitude of areas this tech is just dipping its toes in.