Vancouver’s TraceSafe was recently named a finalist in the Excellence in Technology Adoption category at the BC TECH Association’s 2021 Technology Impact Awards.
Today they announced that they are indeed excellent at encouraging adoption with the sale of over one million IoT devices.
TraceSafe’s platform currently processes over 15 million contacts per day, and counting. Sales numbers of this magnitude highlight the scalability of TraceSafe IoT solutions and the company’s ability to accommodate the needs of even the largest global enterprises.
TraceSafe quietly emerged in the summer of 2020 thanks to its wearable COVID-19 contact tracing and self-quarantine management technology. TraceSafe’s tech had been deployed across governments, enterprises and even iconic sports tournaments like the 2021 World Junior Hockey Championships.
TraceSafe’s story illustrates how COVID-19 contact tracing has shaped the IoT market, making technology more accessible to enterprises worldwide. Wearables can play a major role in accelerating companies’ and industries’ digital transformations by streamlining processes and achieving faster results.
TraceSafe has made a transition to a enterprise platform-as-a-service (PaaS) business model, offering clients full control over the design and functionality of its hardware and software. Thanks to this offering, TraceSafe has been able to increase its average selling price per device kit and build a continuous revenue stream by collecting monthly software fees.
“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,” said TraceSafe CEO Wayne Lloyd. “Companies can use that data to shape their industries and create new opportunities and services for their customers.”
Over the past year, TraceSafe, together with its customers, has designed new rechargeable and re-usable devices, removing the need to manufacture a new device per user and hence reducing electronic waste and helping the company meet its commitments to sustainability.