Trust Stamp Advances Innovative R&D with IP and Personnel Growth
February 22 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, welcomes Prof. Reuben Farrugia
to its team as Malta Research Director amidst ongoing investment in
research and development alongside multiple patent filings in early
2022.
As an internationally recognized authority in biometrics with
nearly two decades of experience in image processing and computer
vision and over 70 international peer-reviewed publications, Prof.
Farrugia brings deep expertise to the Trust Stamp team. He
maintains active industry leadership as an Associate Professor at
the University of Malta, National Contact for the European
Association of Biometrics (EAB), and IIEE Senior Member, having
previously served as General Chair to the IEEE International
Workshop on Biometrics and Forensics.
Trust Stamp Chief Technology Officer Scott Francis
comments: “Trust Stamp has established a strong
research-oriented science team with experts in artificial
intelligence, cryptography, and biometrics, whose global
backgrounds and diverse experience have driven innovation as the
basis for the Company’s rapid success over the last six years.
Reuben is a valuable addition to our team with exceptional insight
and a highly developed skillset in the field of biometrics.
Continuing momentum from our record success in 2021 and Nasdaq
listing in January of this year, Trust Stamp looks forward to
working with Reuben to further develop, patent, and deliver new
technologies that accelerate secure financial and societal
inclusion while growing long-term recurring revenue.”
Trust Stamp’s continued push to innovate transformative
privacy-first solutions follows multiple patents applications filed
in the beginning of 2022, and recently announced financial support
from Malta Enterprise for their next-generation Medical QR Code
solution that layers data privacy, protection, and portability to
complement current and future digital health certificate programs
using the Company’s advanced tokenization technology to enable
user-controlled access to medical data both on and offline.
Protected by Trust Stamp’s comprehensive presentation attack
detection capabilities, the innovation works across identity
modalities including the Company’s own expanding range of biometric
capture and analysis tools for facial, palm, and fingerprint
biometrics, which are optimized for accurate authentication without
sharing any biometric data, using just a mobile phone.
When coupled with the Company's core privacy-first technology
that cryptographically transforms identifying information and
leverages the resulting Irreversibly Transformed Identity Token
(IT2) for privacy-first identity-proofing, this development poses
notable implications in addressing global, cross-market demand for
privacy, security, and accessibility in digital medical records
systems.
With continued growth in European operations, Trust Stamp
recently announced the appointment of Josh Allen as CEO
of the Company’s Malta and Rwanda-based subsidiaries, highlighting
a strategic focus on agile expansion of their customer base through
continued investment into a robust portfolio of transformative,
privacy-first identity and trust solutions. Celebrating this
ongoing progress, Malta Minister for Energy, Enterprise and
Sustainable Development, Dr. Miriam Dalli visited Trust Stamp’s
European R&D hub earlier this month.
Enquiries
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
Email: idai@crescendo-ir.com
Tel: +1 212-671-1021
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.
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