Trust Stamp Announces the continued growth of its patent portfolio for AI-powered technologies
Trust Stamp has received an issuance notification from the US Patent and Trademark Office for a new patent covering its AI-Powered hashing technology that irreversibly transforms biometric and other identity data into a secure identity token
Atlanta, GA, March 07, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM announced that that company has received from USPTO an issuance notification for utility patent #11,936,790 covering “Systems and Methods for Enhanced Hash Transforms”. The new patent will be issued on March 19th 2024.
Gareth N. Genner, Trust Stamp’s CEO commented, “The threats from bad actors are multiplying across every market sector and their sophistication is accelerating, therefore, advances in AI-powered defensive technologies are critical in order to ensure that our clients remain protected against all identified attack vectors. We now have nineteen (19) patents issued and another fourteen (14) provisional and pending patents which reflects our substantial long-term investment in research and development together with the quality and dedication of our innovation team.”
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About 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 across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI). The company was founded in 2016 by Gareth Genner and Andrew Gowasack.
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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.
