Trust Stamp Signs MOU with Malta Enterprise and Plug and Play
May 02 2022 - 8:30AM
Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID), the
Privacy-First Identity CompanyTM, announces that it has entered
into an agreement under The Quantum Foundation with Malta
Enterprise and Plug and Play Switzerland GmbH to establish the
Malta Acceleration Program (the “Program”) with the objective of
strengthening the innovation platform and startup ecosystem in
Malta.
As a non-profit purpose foundation established by Trust Stamp
Malta Limited for the public benefit, The Quantum Foundation will
incorporate Quantum Education Limited as a fully-owned subsidiary
in the Republic of Malta, reflecting the Company’s ongoing
commitment to driving global inclusion as the new entities aim to
promote access to education and technology resources.
“Trust Stamp has established the Quantum Foundation to support
the development of early-stage, leading-edge technology companies
in Malta, as we believe that a strong innovation ecosystem is
important not just for our own company but also for the entire
economy.
The programmatic focus on data reflects our commitment to
innovations in data privacy and security, and we look forward to
supporting and collaborating with other innovators in the field,”
comments Trust Stamp CEO Gareth Genner.
Trust Stamp maintains a strong relationship with all Program
founders, having first established its R&D hub in Malta in 2020
with a $1.15M award from the Republic of Malta, which today employs
40 team members. The Company previously participated in the 2018
Plug and Play FinTech program, where it received the People’s
Choice award, and later that year received the top recognition
among participants in the Plug and Play Abu Dhabi Global Market
Fintech program’s first cohort.
Genner continued, “Trust Stamp benefited
tremendously from our participation in two Plug and Play programs,
and we are confident that many companies established in or
considering relocating to Malta can do likewise.”
Enquiries
Trust Stamp
Email: Shareholders@truststamp.ai
Gareth Genner, Chief Executive
Officer
Nisha Naik, Executive VP of Communications
Davy (Euronext Growth
Advisor)
Tel: +353 1 679 6363
Barry Murphy
Investor
Relations
Tel: +1 212-671-1021
Crescendo
Communications
Email: idai@crescendo-ir.com
About Trust Stamp
Trust Stamp, the Privacy-First Identity CompanyTM, is a global
provider of AI-powered identity services for use in multiple
sectors including banking and finance, regulatory compliance,
government, real estate, communications, and humanitarian services.
Its technology empowers organizations with advanced biometric
identity solutions that reduce fraud, protect personal data
privacy, increase operational efficiency, and reach a broader base
of users worldwide through its unique data transformation and
comparison capabilities.
Located in seven countries across North America, Europe, Asia,
and Africa, Trust Stamp trades on the Nasdaq Capital Market
(Nasdaq: IDAI) and Euronext Growth in Dublin (Euronext Growth: AIID
ID). Founded in 2016 by Gareth Genner and Andrew Gowasack, the
company now employs over 100 people.
Safe Harbor Statement: Caution Concerning
Forward-Looking Remarks
All statements in this release that are not based on historical
fact are “forward-looking statements” including within the meaning
of the Private Securities Litigation Reform Act of 1995 and the
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. The information in this announcement may contain
forward-looking statements and information related to, among other
things, the company, its business plan and strategy, and its
industry. These statements reflect management’s current views with
respect to future events-based information currently available and
are subject to risks and uncertainties that could cause the
company’s actual results to differ materially from those contained
in the forward-looking statements. Investors are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date on which they are made. The company does
not undertake any obligation to revise or update these
forward-looking statements to reflect events or circumstances after
such date or to reflect the occurrence of unanticipated
events.
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