- TraceSafe (TSF) investment Airbeam is pursuing a public listing after raising C$25 million
- TraceSafe owns approximately 14.3% of Airbeam’s outstanding shares
- Airbeam is a leading developer of solutions for 5G edge computing and wireless technologies
- TraceSafe is a full suite of real-time location management services and contact-tracing solutions through Bluetooth and the cloud
- TraceSafe (TSF) is up 5.36 per cent and is currently trading at C$1.18 per share
TraceSafe (TSF) investment Airbeam is pursuing a public listing after raising C$25 million.
Airbeam, a leading developer of solutions for 5G edge computing and wireless technologies, stands at the cutting edge of computing platforms for smart cities and roads.
TraceSafe owns approximately 14.3% of Airbeam’s outstanding shares and has been an early supporter of Airbeam’s mission.
“The success of technology leaders like Airbeam supports TraceSafe’s mission to improve how people live, work, and engage in their communities,” noted Wayne Lloyd, CEO of TraceSafe.
“In combination with our newest partnerships and next generation of intelligent wearables, TraceSafe is building technologies that enhance a connected workplace ecosystem to ensure safety, increase productivity, optimize logistics, and even heighten the consumer experience,” he added.
The 5G opportunity has not yet been embraced by the market in North America compared to its rapid pace of growth in Asian markets.
As noted by Market Research Future in its 2019 report, the 5G technology market is expected to surpass US$700 billion by 2025.
With the absence of Huawei from the US market, startups like Airbeam stand to benefit significantly from future growth and power the future of 5G.
TraceSafe’s Wayne Lloyd is expected to join Airbeam as a member of the board of directors.
Airbeam is an innovator in 5G-enabled smart city technologies. The company sells a proprietary 60 GHz millimeter wave chipset, hardware, and software that power its Edge Computing Network.
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 patented contact-tracing bracelet has already been deployed in mission-critical quarantine applications around the world in partnership with governments.
TraceSafe (TSF) is up 5.36 per cent and is currently trading at C$1.18 per share as of 9:43 am EST.
