Trust Stamp Begins Trading on Nasdaq Capital Market
January 31 2022 - 8:30AM
Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID), a global
provider of AI-powered, privacy-first trust and identity services
used across multiple sectors, today begins trading on the
Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “IDAI”,
having uplisted from the OTCQX® Best Market.
Trust Stamp CEO Gareth N. Genner
comments, “Following a record year indicative
of our sustained positioning for company-wide growth, uplisting to
Nasdaq is a natural but important progression for Trust Stamp and
our shareholders. As the premier exchange for technology
innovation, Nasdaq offers enhanced credibility and exposure which
will allow us to accelerate organic and M&A growth as we
capitalize on global development opportunities with a matured
portfolio of transformative identity solutions.”
Trust Stamp’s innovations in digital identity empower
individuals to own, utilize, and protect personal data from
compromise or misuse, transform how businesses approach and manage
risk, and extend the reach of financial and societal inclusion.
With a unique competitive stance in the biometrics space, Trust
Stamp’s recent material business wins include a $3.92M contract
with the United States Department of Homeland Security and
strengthened presence in the digital asset and cryptocurrency
space, having established a MetapresenceTM subsidiary dedicated to
delivering solutions for next generation of modern finance.
Trust Stamp CFO Alex Valdes comments, “The
public has played an instrumental role in Trust Stamp’s growth over
the last three years. Thousands of investors have already
recognized the significance of our work, many with repeated
investments that testify to their belief in Trust Stamp’s long-term
shareholder value. Our largest customers are also investors,
bringing rich industry insight and a unique perspective on Trust
Stamp’s position in the future of digital operations. We now look
forward to communicating our vision to an even broader
audience.”
Trust Stamp President Andrew Gowasack adds, “Nasdaq offers
the enhanced visibility required to drive our next stages of growth
as we establish deeper market penetration in key verticals,
diversify our target markets, and continue innovating and
productizing our strong IP portfolio to address an evolving need
for trust in our increasingly digital world. Trust Stamp’s
investment into our products and people over the last six years has
enabled us to enter 2022 with a robust commercial pipeline and
increased internal development capabilities to meet market
opportunities and continue delivering year-over-year growth.”
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 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.
Trust Stamp
Gareth Genner, Chief Executive Officer
Nisha Naik, Executive VP of Communications
Email: Shareholders@truststamp.ai
Davy (Euronext Growth Advisor)
Barry Murphy
Tel: +353 1 679 6363
Investor Relations
Crescendo Communications
Tel: +1 212-671-1021
Email: idai@crescendo-ir.com
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