SafeTraces Welcomes Ted Bischak to the Company’s Board of Directors

Leading Commercial Real Estate Investor Will Support Continued Growth in the Built Environment

Date: November 24, 2021

Today, SafeTraces is proud to announce the appointment of Ted Bischak as independent board director. Representing the company’s common stockholders, Mr. Bischak will leverage his extensive and successful experience as an investor, operator, and technologist to ensure strong corporate governance and performance.

Ted Bischak is a Principal and Co-Founder of Ocean West Capital Partners.  He is responsible for all Property Operations including, Asset Management, Property Management, Construction Management and Physical Due Diligence, upon acquisition or disposition, of managed assets.

Prior to the formation of Ocean West Capital Partners, he was Senior Vice President of Asset Management for Maguire Properties, responsible for the firm’s entire portfolio of 21 million square feet of real estate assets.

Before joining Maguire Properties, Mr. Bischak served as Senior Vice President for CommonWealth Partners, where, in partnership with the CalPERS pension fund, he was responsible for all operations activities, including in-house property management, tenant improvement, operational leasing, and asset management for the $1.5 billion portfolio and directed all property-level acquisition and disposition activities.

Additionally, Mr. Bischak has held senior management positions with Tooley & Company and The Irvine Company, where he was a key member of the development team on over 6 million square feet of new office development product, multiple retail, and hotel projects as well as 6,000 apartment units over his 35-year career in commercial real estate.

“It is extremely rare to find a versatile leader like Ted who has such a stellar reputation and proven track record as a real estate investor, operator, and technologist,” said SafeTraces CEO Erik Malmstrom. “Moreover, he is well-known across the industry as an individual who has demonstrated the highest standards of integrity, ethics, and professionalism throughout his very successful career. SafeTraces is excited to enlist Ted’s leadership as we grow and expand our business in the built environment and deliver on our mission to create a safer, better, more sustainable world.”

“Today, the real estate industry stands at the most important crossroads of my 30+ year career,” said Bischak. “The COVID-19 pandemic has accelerated a mega-trend that was already well underway beforehand – health, safety, and wellness becoming a core value driver in real estate assets. SafeTraces has developed one of the most groundbreaking and disruptive technologies in the marketplace, which is positioned to be the gold standard for safety performance verification throughout the built environment. I am deeply committed to supporting the company to realize this massive potential and deliver exceptional financial results for our stockholders.”

About SafeTraces

SafeTraces is committed to ensuring the highest safety standards for the air we breathe, the food we eat, and the medicines we take by harnessing the power of DNA. We provide marketing leading safety technology solutions for indoor air safety and product traceability. Learn more at www.safetraces.com and follow us on LinkedIn and Twitter.

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