Trust Stamp Receives Notice of Allowance for U.S Patent Related to its Biometric Authentication Technology
July 13 2022 - 8:30AM
Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID), an AI-powered
trust and identity services company used globally across multiple
sectors, announces that it has received a Notice of Allowance for
its latest patent #16/406,978 by the United States Patent Office,
covering its unique technology that irreversibly transforms
biometric and other identity data into a secure token to provide an
unparalleled level of data protection, while improving the
efficiency and expanding the utility of legacy identity systems.
Trust Stamp CEO Gareth Genner
comments, “This will be our twelfth issued patent, and we
have an additional twenty-one patent applications pending. Over the
last six years, we have invested heavily in research and
development and our growing patent portfolio covers not only
identity tokenization but also presentation attack detection,
metaverse identity systems, NFTs, trust scores, and the broader
field of biometric science.”
“Each of our patents contribute to an overall
depth of technology innovation that allows us to deliver identity
and trust-focused solutions that place privacy at the forefront of
our design considerations. Our customized solutions can be deployed
on any server or blockchain, or even exclusively on the user’s own
device giving the subject transparent control over their
identity.”
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, 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 on 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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