Companies will join forces to create animal safety solutions using advanced IoT and pioneering nanotechnology to detect pathogens and increase food supply chain safety
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2022) - TraceSafe Inc., (CSE: TSF) ("TraceSafe'' or the "Company"), a global leader in location-aware Internet of Things (IoT) platforms for large-scale industrial and enterprise operations, has announced partnership with Sixth Wave, a leading nanotechnology company that provides extraction and detection of target substances like viruses at the molecular level with significant advantages in speed, cost and accuracy. The technology uses patented Molecularly Imprinted Polymers (MIPs) for imprinting, capturing, and detecting substances at the molecular level, providing an effective and proactive prevention and containment strategy for deadly viruses and pathogens in animals. The two companies are working on a first of its kind solution that constantly monitors for pathogens and provides real-time updates across the entire food supply chain.
The World Organization for Animal Health (OIE) estimates that animal diseases, like Avian Flu or Coronaviruses, cause the loss of at least 20% of livestock production globally, with an estimated value of USD $300 billion per year. As African Swine Fever (ASF) travels across the world, farmers might experience a high level of mortality, potentially leading to USD $50 billion in losses in the US alone. Since most current animal health practices focus on reactive and time consuming lab testing, the herd is left in danger of infection for days before the virus or pathogen is detected. With Sixth Wave's nanotechnology and TraceSafe's award-winning platform, livestock producers, farmers and ranchers will be able to proactively and quickly diagnose pathogenic threats in the food supply chain, saving billions in costs and health risks.
"The global food supply chain is facing huge challenges with growing instances of viruses and pathogens across the world. At the same time there are unprecedented disruptions in the global grain and fertilizer markets impacting animal feed prices and contributing to food price inflation and potential food shortages. Sixth Wave is doing groundbreaking work by using nanotechnology in virus detection and we are excited to see the possibilities of coming together to make farms and food safer for the world," said Wayne Lloyd, TraceSafe CEO. "Coupled with Sixth Wave's pathogen sensors, TraceSafe will be able to use its innovative IoT and advanced analytics platform in the agritech space, opening up a whole new exciting vertical for the company."
"Livestock diseases contribute to losses with increased mortality, reduced productivity, control costs, loss in trade, decreased market value, and food insecurity. The problems require an urgent and time efficient solution that only advanced technology can offer," said Dr. Jonathan Gluckman, President and CEO, Sixth Wave Innovations. "Sixth Wave has demonstrated success in this area already with its COVID-19 AMIPS polymer and we are excited to partner up with TraceSafe in creating a truly innovative solution that will use the best of technology to proactively manage potential health risks in the food supply chain."
TraceSafe and Sixth Wave will undertake combined research and development initiatives to create a non-intrusive sensor based product that uses MIPs for virus and pathogen detection and surveillance on farms and other agricultural environments.
About TraceSafe
TraceSafe provides Internet of Things (IoT) solutions transforming large-scale industrial and enterprise operations with unique wearables, industrial-grade sensors and award-winning analytics platform. The Company's hardware solutions, powered by advanced low-power bluetooth beacons, work together with its proprietary software to provide mission-critical data enabling safer, efficient and sustainable enterprise environments. With presence across North America, Asia and Europe, TraceSafe's solutions are trusted by leading organizations in healthcare, hospitality, construction, events, education and government.
About Sixth Wave
Sixth Wave is a nanotechnology company with patented technologies that focus on extraction, purification, and detection of target substances at the molecular level using highly specialized Molecularly Imprinted Polymers (MIPs). Sixth Wave can design, develop, and commercialize MIP solutions across a broad spectrum of industries. The company is focused on nanotechnology architectures that are highly relevant for detection, purification, and separation of viruses, biogenic amines and other pathogens, and nutraceuticals for which the Company has products at various stages of development.
For more information about Sixth Wave, please visit our website at: www.sixthwave.com
ON BEHALF OF THE BOARD OF SIXTH WAVE INNOVATIONS INC.
Jon Gluckman
Jonathan Gluckman, Ph.D., President & CEO
For information, please contact the Company:
Phone: (801) 582-0559 | E-mail: info@sixthwave.com
For further information, please contact:
Wayne Lloyd, CEO
+1 (604) 629-9975
wayne@tracesafe.io
The Canadian Securities Exchange has in no way approved or disapproved the contents of this news release.
Statements in this news release may contain forward-looking statements that are based on TraceSafe's expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to expectations regarding the TraceSafe assets and their application, future business plans and relationships, future developments in respect of COVID-19 and solutions adopted in response to the virus, and the deployment and acceptance of the TraceSafe technology. Although TraceSafe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict, including the suitability of our products to help businesses and governments reopen, competition, the spread or containment of COVID-19 and government responses thereto and general economic and market conditions. Therefore, outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and TraceSafe undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances unless otherwise required to do so by law.
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