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STEER Technologies (FDVRF) Stock News, Jan 13-29, 2021

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Facedrive Inc. (TSXV:FD, OTCQX:FDVRF) announces the reserve-wide adoption of TraceSCAN, a COVID-19 wearable contact tracing solution, by the Waywayseecappo First Nation in Manitoba after a successful pilot project. All community members will receive personal devices and supporting infrastructure. The technology, endorsed by the Government of Ontario and supported by Microsoft Azure, aims to help First Nations combat COVID-19, especially in areas with limited healthcare resources. This full-scale implementation may lead to opportunities for wider adoption among other Indigenous communities across Canada.

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Facedrive Inc. (TSXV: FD, OTCQX: FDVRF) announced that its recent private placement has been oversubscribed, receiving TSXV approval. The company is finalizing formalities for the issuance of securities and will provide further updates on the offering's closure. Facedrive operates a tech ecosystem focused on socially-responsible services across various verticals including rideshare, e-commerce, food delivery, social platforms, and health services, emphasizing sustainable practices and community engagement.

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Facedrive has launched its food delivery service, Facedrive Foods, in Scarborough, Ontario, driven by increased customer demand. The service now averages over 4,100 meal deliveries daily and partners with nearly 4,425 restaurants. With 250,000 active users across 19 Canadian cities, Facedrive Foods is responding to changing consumer behaviors post-pandemic.

The company plans to expand grocery delivery and introduce subscription services. Health and safety measures include in-app temperature displays for drivers and integration of the TraceSCAN contact-tracing technology, making it a pioneer in food delivery safety protocols.

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Facedrive (TSXV:FD) (OTCQX:FDVRF) has received endorsement from the Labourers’ International Union of North America (LiUNA) for its TraceSCAN contact-tracing solution to be implemented across its construction sites during Ontario's state of emergency due to increased COVID-19 cases. Following a successful pilot, LiUNA aims to provide a safe working environment using TraceSCAN, a Bluetooth-powered wearable device. The technology facilitates safety in scenarios where mobile devices aren’t allowed. This endorsement signifies a commitment to health during the ongoing pandemic.

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FAQ

What is the market cap of STEER Technologies (FDVRF)?

The market cap of STEER Technologies (FDVRF) is approximately 52.6M.