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.

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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.

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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

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