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Facedrive Inc. (" Facedrive ") (TSXV: FD) a Canadian "people-and-planet first" tech ecosystem is pleased to announce that its contact-tracing platform TraceSCAN, a unique wearable technology developed by Facedrive's Health division, has been authorized by Innovation, Science and Economic Development Canada (ISED) a department of the Federal Government of Canada for listing, and is now poised to extend its contact-tracing services to wider retail audiences across Canada.
TraceSCAN is a standalone contact-tracing wearable solution built around cutting edge Bluetooth technology. TraceSCAN wearables were created to offer essential and other industries assistance in response to COVID19 through a joint effort between Facedrive Health and a group of researchers from the University of Waterloo. Following an endorsement from the Government of Ontario, issuance of a related white paper together with McCarthy Tétrault's MT Ventures, numerous successful implementations with enterprise customers, and spiking demand for multifunctional connected health solutions, TraceSCAN has rapidly expanded its use- case scenarios into multiple business sectors such as recreation, travel, food processing, construction and other industries.
Innovation, Science and Economic Development (ISED), formerly known as Industry Canada, is the department of the Federal government responsible for (among other things) testing, auditing and certifying wireless products for use in the Canadian retail marketplace. As set by Canada's Radiocommunication Act and Radiocommunication Regulations, wireless equipment sold or distributed in Canada is required to undergo testing in order to measure signals emitted by such equipment and ultimately keep users safe.
Having already proved successful as a preventive, reactive and analytics tool helping to slow the pandemic in enterprise settings, TraceSCAN is ready to offer its certified solution to the B2C market as the world mobilizes resources to mitigate the effects of the pandemic's second wave .
"In line with the ESG commitment of the Facedrive ecosystem, we are committed to offering our services with people and planet's safety as our number one priority," said Rishard Ramez, General Manager of Facedrive Health. "The ISED certification is an important stamp of approval for us as it confirms TraceSCAN's compliance with existing requirements to wireless equipment and enables us to penetrate the Canadian retail market in a responsible and efficient way. Moreover, we are working towards obtaining the FCC certification as we extend the TraceSCAN solution to our customers in the USA," added Ramez.
About Facedrive
Facedrive is a multi-faceted "people-and-planet first" tech ecosystem offering socially-responsible services to local communities with a strong commitment to doing business fairly, equitably and sustainably. As part of this commitment, Facedrive's vision is to fulfil its mandate through a number of verticals that either leverage existing technologies of the Company or project synergies with existing lines of business (the " Facedrive Verticals "). The Facedrive Verticals include its rideshare business (" Facedrive Rideshare "), sustainable e-commerce platform (" Facedrive Marketplace "), food-delivery service (" Facedrive Foods "), e-social platform (" Facedrive Social ") and its contact-tracing and sustainable health services business (" Facedrive Health ").
Facedrive Rideshare was among the first to offer a wide variety of environmentally and socially responsible solutions in the Transportation as a Service (TaaS) space, planting thousands of trees based on user consumption and offering choices between electric, hybrid and conventional vehicles (including, more recently, electric and hybrid vehicles on a subscription basis through Steer). Facedrive Marketplace offers curated merchandise created from sustainably sourced materials. Facedrive Foods offers contactless delivery of a wide variety of foods right to consumers' doorsteps, with a focus on doing so in a socially and environmentally-conscious manner. Facedrive Social strives to keep people connected in a physically-distanced world through its HiQ and other e-socialization platforms that invite users to interact based on common interests and by offering gamification and mutual community support features. Facedrive Health strives to develop and offer innovative technological solutions to the most acute health challenges including its proprietary TraceSCAN wearable technology for contact tracing. Facedrive envisions changing the ridesharing, food delivery, e-commerce, social and health tech narratives for the better, for everyone, and is currently operational in Canada and the United States.
For more about Facedrive, visit www.facedrive.com .
Facedrive Inc.
100 Consilium Pl, Unit 400, Scarborough, ON, Canada M1H 3E3
www.facedrive.com
Forward-Looking Statements
Certain information in this press release contains forward-looking information. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.
See "Forward-Looking Information" and "Risk Factors" in the Corporation's Filing Statement dated August 28, 2019 for a discussion of the uncertainties, risks and assumptions associated with these statements. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Media: S ana Srithas | sana@facedrive.com
Sayan Navaratnam
Chief Executive Officer and Director
Tel: 1-888-300-2228
