Feb 18, 2021 Ankit Singhania

TraceSafe Grows Momentum in Malaysian Market

It is a well-known fact that if an investor wants to be successful over a sustained period of time then he needs to be well informed about the latest events in the market. Nowadays, there are plenty of reliable sources of information on the internet and one of those is YouTube.

Key Details

Over the course of the past few months, the YouTube channel Rich Tv Live has emerged as one of the more reliable sources. In its latest video, the channel looked into the company TraceSafe Inc (CNSX:TSF.CN) (OTC:UTOLF), which is well known for being one of the major global players in the wearable safety tech space. It is also involved in connected workforce solutions space. In the video, the Rich Tv analyst discussed the company’s business and its latest breakthroughs in Malaysia with one of TraceSafe’s executives.

Enter Your E-mail Address To Subscribe

* indicates required
 

One of the most important announcements with regards to the company’s operations was made earlier this week and it was regarding TraceSafe’s work in Malaysia.

The company announced that as part of a Malaysian government-led drive as many as 10000 units of TraceSafe products are going to be deployed at a government-affiliated organization. This comes close to the heels of another significant deployment made by TraceSafe with a semiconductor company in the country. The company deployed as many as 60000 wearables at the company and out of those 3000 units were meant for the employees.

The company’s executive who joined the discussion with the analyst at Rich Tv started off the discussion with regards to TraceSafe’s work with businesses that boast of over one thousand employees. The executive stated that in the near term, the pandemic has made it very important for enterprises to spend on safety wearables.

While TraceSafe does operate in several markets, he sees the Asian market to be the biggest opportunity. That can be seen from the considerable business that TraceSafe has already done in Malaysia and it remains to be seen if it continues to benefit from the deployments that are being done by the government.

On the other hand, this is something that is also expected to come as a boost to the TraceSafe stock as well and it could be worthwhile for investors to keep an eye on it over the coming days.

Featured image: Pixabay

Please See Disclaimer

If You Liked This Article Click To Share

STOCKS YOU MAY LIKE


Risks and Disclosure:

Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained on this website is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions made or suggested and the actual results.

All statements and opinions expressed are the opinions of the author and not of Richtvlive.com or its officers. The author is wholly responsible for the validity of all statements. Richtvlive.com was not involved in any aspect of the article preparation. The author was not paid by Bitrex Inc for this article. The author did not pay Richtvlive.com to publish or syndicate this article.

This article does not constitute as investment advice. Each reader is encouraged to consult with his or her individual financial advisor; any and all actions taken by a reader as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Richtvlive.com's terms of use and full legal disclaimer. This article is in no way a solicitation for investment. Richtvlive.com does not render general or specific investment advice. Any information on Richtvlive.com should not be considered a recommendation to buy or sell any security. Richtvlive.com does not endorse or recommend the business, products, services or securities of any company mentioned on Richtvlive.com.

Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks, and options may fluctuate, and, as a result, clients may lose more than their original investment and possibly their entire investment. Any content on this website should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Please see our full disclaimer here for additional details before making any investment decisions.