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Ontario Government’s Ontario Together Fund Invests into Facedrive’s TraceSCAN

Ontario Government’s Ontario Together Fund Invests into Facedrive’s TraceSCAN

02/19/21, 1:07 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgtoronto
Facedrive Inc. ("Facedrive") (TSXV:FD) (OTCQX:FDVRF), a Canadian "people-and-planet first" technology ecosystem, is pleased to announce that TraceSCAN, the COVID-19 wearable contact-tracing solution developed by Facedrive Health, has been endorsed with an investment by the Ontario Ministry of Economic Development, Job Creation and Trade (the “Ministry”) to further its contact tracing effort amidst the province’s ongoing fight with the COVID-19 pandemic. On February 11, 2021, the parties entered into agreement whereby Facedrive will receive CAD $2,500,000 in non-dilutive funding via the Ministry’s “Ontario Together Fund” (“OTF”) to accelerate deployment of TraceSCAN technology across multiple sectors and assist in its expansion to meet rising global demand.

Company Info

Company
The Ministry Of Economic Development, Job Creation And Trade
Location
toronto, ontario, canada
Additional Info
For more about Facedrive, visit www.facedrive.com.

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