TORONTO–(BUSINESS WIRE)–Facedrive Inc. (“Facedrive”) (TSXV: FD), a “people-and-planet first” business is pleased to announce that its previously announced COVID-19 contact tracing platform, “TraceSCAN” (www.TraceScan.ca) has started to receive news coverage. Furthermore, Facedrive Health has engaged in conversations with several companies and government agencies to discuss how TraceSCAN can assist in their safety plans as more Canadians return to the workplace.
The TraceSCAN technology roadmap incorporates contact tracing, smart wearables with advanced health monitoring features and geo-spatial predictive analytics powered by AI to identify possible transmission points of the Coronavirus infection.
TraceSCAN was recently featured in the online edition of Canadian Lawyer magazine, a print and online publication that delivers reporting and analysis of the legal landscape in Canada. The article was titled “Developers building new digital contact-tracing app hope it prevents a COVID-19 recurrence” and was written by Aidan Macnab, Associate Editor. The article can be viewed at https://www.canadianlawyermag.com/resources/practice-management/developers-building-new-digital-contact-tracing-app-hope-it-prevents-a-covid-19-recurrence/329099.
Vator, which operates a newsroom covering technology and Internet trends through analysis and interviews, recently also featured TraceSCAN. In an article titled “Facedrive unveils TraceSCAN to stop spread of COVID-19”, Vator news reporter Steven Loeb described the TraceSCAN project including the role of the University of Waterloo University as well as some of the features of the TraceSCAN platform expected to be released in the future. The article can be viewed at https://vator.tv/news/2020-05-29-fitbit-launches-covid-19-study-mindspace-raises-100m-facedrive-unveils-tracescan-to-stop-covid-19.
“As an innovative technology company with a people-and-planet-first business model, we believe it is Facedrive’s responsibility to contribute advanced technology solutions to our country during times of crisis,” said Facedrive Chairman and CEO, Sayan Navaratnam. “We are extremely pleased to be working with the University of Waterloo’s team of researchers to enhance the TraceSCAN platform to develop a full solution that helps slow the spread of the virus and helps to identify any future COVID-19 outbreaks.”
About Facedrive
Facedrive is a multi-faceted “people-and-planet first” platform offering socially-responsible services to local communities with a strong commitment to doing business fairly, equitably and sustainably. Facedrive rideshare was the first to offer green transportation solutions in the TaaS space, planting thousands of trees and giving users a choice between EVs, hybrids and conventional vehicles. Facedrive Marketplace offers curated merchandise created from sustainably sourced materials. Facedrive Foods offers contactless deliveries of healthy foods right to consumers’ doorsteps. Facedrive Health develops innovative technological solutions to the most acute health challenges of the day. Facedrive is changing the ridesharing, food delivery, e-commerce and health tech narratives for the better, for everyone.
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 Information
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 Facedrive’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.
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