TraceSafe Launches ShiftCarbon: A Comprehensive Carbon Management Platform to Measure, Mitigate and Offset Carbon Emissions

August 09, 2022: Vancouver, BC - Tracesafe Inc., ("TraceSafe" or the "Company") (CSE: TSF), a global leader in location-aware Internet of Things (IoT) platforms for large-scale enterprise operations and managed decarbonization, has announced the launch of ShiftCarbon- a comprehensive carbon management platform. ShiftCarbon is the company's biggest launch since its award-winning platform for enterprise safety, AllSafe. ShiftCarbon will consolidate critical climate data for SMBs and will help them reduce their carbon footprint using high-quality offsets. It is a highly modular platform built to support organizations wherever they are in their journey toward carbon neutrality and net-zero. ShiftCarbon will enable:

• Transparent and credible offset purchase from verified projects across the world
• Mitigation plan powered by asset level data and insights using sensors and IoT
• Reporting frameworks for compliance and stakeholder engagement
• Measurement of Scope 1,2 and 3 carbon emissions across the supply chain

TraceSafe announced a strategic focus on the new business vertical early this year and since then has made definitive moves toward the renewed vision. The company expanded the scope and power of IoT into the world of carbon data capture with the launch of ThermoSense- a sensor based approach to sustainable supply chain, followed by the acquisition of Offsety- a carbon offset market place for managed decarbonization and most recently, the launch of its events emissions calculator that will help global sporting events reach net-zero faster. The company's focus was driven by a global call for urgent climate action led by investors, governments and customers coupled with the business needs of its Fortune 500 customers across North America and Asia Pacific.

"Organizations are being driven to decarbonize by all major stakeholders, yet they aren't able to reliably measure their emissions or access efficient decarbonization opportunities. With ShiftCarbon, our vision was to offer solutions that would help customers address their immediate needs, irrespective of where they stand in their net-zero journey," said Wayne Lloyd, TraceSafe CEO. "Organizational climate goals cannot be met overnight, but with smart innovations, we are optimistic that they can be accelerated. Leaders who embrace our solution now, will be able to drive sustainable growth for their organizations, and a sustainable future for the planet."

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ShiftCarbon brings together the best of technology and services to gather long term emissions data and credible offset opportunities on a modular platform. The company will continue to announce platform updates for each module in the coming weeks. More details of the platform can be found here- www.tracesafe.io/shiftcarbon.

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