November 9, 2021: Vancouver, BC – Tracesafe Inc., (“TraceSafe”) (CSE: TSF) a global leader in location-aware Internet of Things (IoT) platforms for large-scale industrial and enterprise operations, announced today it will recognize $5.96 million USD in revenue for Q3, 2021, breaking all previous revenue records to date.

“We witnessed phenomenal growth this year. Along with becoming profitable in the third quarter, we recorded our highest revenue since inception,” said Wayne Lloyd, TraceSafe CEO. “We made a strong impact with products that empower businesses and respond to the evolving needs of our customers. These results, fuelled by new verticals and repeat business from multiple clients, cement our position as one of the most innovative providers of IoT based solutions.

“Our goal is to empower organizations with insights captured from data across the environment and their operations,” continued Wayne. “Customers are increasingly looking to run their businesses in ways that are both profitable and sustainable. We believe that we can help organizations of all sizes and geographies achieve this goal through an end-to-end technology platform for a more sustainable future.”

Third quarter 2021 financial highlights:

• Record-breaking Q3 revenue of $5.96 million USD, up 5.5x over the same quarter last year (Q3 2020), with gross profit of $2.5 million USD (42% gross margin).  For the similar period last year (Q3 2020), gross profit was $448K (41% gross margin);
• Nine-month gross revenue ending September 30, 2021 was $10.65 million, with a gross profit of $3.06 million (29% gross margin);

• Diluted Earnings per share was $0.03 versus a loss per share of ($0.02) for the similar period last year (Q3 2020).
• Significant revenue recognition came in Q3, and we anticipate FY21 to be 3.7x higher compared to FY20.

 Third quarter 2021 business highlights:

• In addition to deployments mentioned in the MD&A report, such as the Security Prowling Audit Solution in Singapore and Malaysia, TraceSafe successfully implemented its on-premise platform with innovative failover clusters across nine client servers. This expands support for customers with enhanced data sovereignty requirements, like national governments, European Union states, and industries with low-connectivity environments such as remote mining operations and construction.
• Operations were further expanded in the APAC region with the opening of a TraceSafe location in Tokyo, Japan.
• The milestone achievement of accumulated sales of over one million IoT devices.
• In collaboration with Royal Caribbean International, TraceSafe developed custom wearable devices and bands, which are equipped with long-lasting batteries and RFID modules.
• In partnership with TELUS, TraceSafe provided the technology for contact tracing and quarantine solutions at the Women’s World Hockey Championship in Calgary, Alberta.
• TraceSafe expanded access to common shares for international investors due to eligibility for electronic clearing and settlement through the Depository Trust Company in the United States.

The company anticipates that Q3 financials will be filed on SEDAR before November 10, 2021. The same report can be found on the company’s website under tracesafe.io/investors.

TraceSafe Announces First Smart Building Solution for Malaysia’s Large-Scale Infrastructure Project

TraceSafe’s proprietary platform for Smart Buildings will be deployed at KL Eco City – a leading development project in Asia comprising commercial offices, retail outlets, residential towers and business hotels

Vancouver, British Columbia–(Newsfile Corp. – April 19, 2022) – TraceSafe, Inc. (CSE: TSF) (“TraceSafe”), a global leader in location-aware Internet of Things (IoT) for large-scale industrial and enterprise operations, has expanded operations in Asia and announced its first full suite Smart Building solution – ‘SafeTown’ – that will offer unprecedented connectivity and operational insights to large scale infrastructure projects across the world. The project will be launched at Malaysia’s luxury mixed-use project – KL Eco City that is spread across a vast 25 Acres land area comprising commercial offices, luxury residential towers, lifestyle retail outlets and hotels in Kuala Lumpur, Malaysia. The project will boast unprecedented smart integrations that will connect and optimize its operations including building automation, connected workforce and energy efficiency. The project will be deployed in partnership with Dynamo Singapore, a leading facility management company specializing in project and contract management, safety audits and engineering consultancy.

Smart Buildings and Infrastructure presents exciting opportunities with projected growth of $80.62 billion in 2022 to $328.62 billion by 2029, at a CAGR of 22.2%, according to research. The market has gained significant traction as Smart Buildings offer capabilities to lower operational costs, energy management and security workforce management. Further segmentation of the market reveals that security management solutions are expected to gain maximum share leading to an increased demand in security and surveillance systems with connected workplace solutions. Addressing these imminent needs, the first phase of SafeTown deployment will help facility administrators and managers control their security operations through BLE (Bluetooth Low Energy) devices, smart sensors and an advanced analytics dashboard. The solution will provide access to all security personnel’s route information, route violations and attendance reports to help optimize scheduling, operations and on-site assignments. The customized solution is designed to automate the security team’s reporting process, right from arrival on-site to commencement of security prowling route, until the end of their shift.

“We are excited to expand our presence and portfolio of solutions further in Asia with the prestigious KL Eco City project. Smart Building solution is a natural extension of our technology that has a successful legacy of providing safety and peace of mind to thousands of people and privacy driven data to large scale organizations. IoT and sensor technology will be central to all infrastructure of the near future and we are well-equipped to cater to this exciting market,” said Wayne Lloyd- TraceSafe CEO. “Along with our connected workforce solution, we are developing our energy management and sustainability offerings that will provide end-to-end smart building solutions to projects of all scales.”

In the next phase of deployment, TraceSafe will provide a new sustainability and energy management solution for greener and more sustainable building operations. The details of the solution will be announced in the coming weeks.

— TraceSafe (@TraceSafeTech) February 17, 2022

‍September 28, 2021: Vancouver, BC – Tracesafe Inc., (“TraceSafe”) (CSE: TSF) a global leader in location-aware Internet of Things (IoT) platforms for large-scale industrial and enterprise operations, announced today a wearable technology partnership with Royal Caribbean International. (“Royal Caribbean”).

Working in collaboration with Royal Caribbean’s Innovation Team, TraceSafe has developed custom wearable devices and bands that are equipped with long-lasting batteries and RFID modules. The companies worked closely together to design and manufacture an exclusive, sleek wearable that can meet both Royal Caribbean’s high standards for comfort and the cruise line’s commitment to sustainability.

Within this partnership, Royal Caribbean will be TraceSafe’s first major customer to enroll in the company’s recycling program that aims at reducing electronic waste by refurbishing used IoT devices.

“We’re proud to be the number one choice in enterprise IoT wearables for cruise lines,” said Wayne Lloyd, TraceSafe CEO. “This partnership with Royal Caribbean highlights our ability to deliver uncompromising IoT solutions on a massive scale.”

“It was the willingness of the TraceSafe team to develop a custom Tracelet™device that met our requirements for style and design that propelled the partnership forward,” said Jay Schneider, SVP and Chief Innovation Officer (CXO) at Royal Caribbean. “We look forward to continuing this engagement with TraceSafe as we explore the many new opportunities for IoT Technology onboard our ships.”