The group's leading cloud management solution ensures both user privacy and comprehensive administrative control.
#AIRBEAM FULL#
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. We will continue to follow for developments on the transaction and any ensuing opportunities to maximize value for the benefit of TraceSafe shareholders." James Passin, TraceSafe chairman commented: "We congratulate the management of Airbeam for announcing this potentially value-unlocking corporate development. TraceSafe said it believes that the market and competitive landscape for Airbeam's business has improved since Airbeam's last funding round, and that Airbeam's reverse take-over of First Responder could accelerate the deployment of 5G small cell, edge compute, wireless backhaul and AI capabilities. If the transaction is completed, which is not guaranteed and remains subject to a number of conditions, including the execution of a definitive agreement, TraceSafe said it will explore options to monetize its investment in the resulting issuer for the direct benefit of Tracesafe shareholders, which could include a special dividend of any shares received by Tracesafe pursuant to the transaction.Īirbeam was valued at approximately $97 million in a private funding round completed roughly one year ago, confirmed by company sources. Tracesafe said it will monitor further developments regarding the potential Airbeam transaction. READ: TraceSafe launches 'Patient Path' wearable device product and pilot project at a leading 1000-plus bed hospital in Singapore TraceSafe is one of Airbeam's largest shareholders holding approximately 9.9 million Airbeam shares, representing around 16% of Airbeam's outstanding shares. The transaction is expected to constitute a reverse takeover of First Responder by Airbeam and a "fundamental change" of First Responder pursuant to Canadian Securities Exchange policies. ( CSE:TSF) has commented on the announcement of a significant corporate development for Airbeam Wireless Technologies Inc, in which it has a big stake.Īirbeam announced today that it has agreed to a deal which will see Canadian Securities Exchange-listed First Responder Technologies Inc. acquire all of the outstanding Airbeam shares for a number of First Responder shares to be determined.
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