Trust Stamp Receives Funding Commitment for Next Generation Medical QR Code
February 09 2022 - 8:30AM
Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID), a global
provider of AI-powered, privacy-first trust and identity services
announces the receipt of a funding commitment from Malta Enterprise
for the development of a Medical-Record QR Code with
next-generation features to augment existing COVID-19 digital
certificate and verification systems.
Trust Stamp Malta’s Chief Executive Officer Josh Allen
commented, “Existing certificate programs have been
designed and implemented in reaction to the immediate and
unprecedented needs created by the pandemic. This project is
directed to the development of a next-generation digital health
certificate that will complement all existing and future
certificates and extend their functionality while placing the
individual in control of their data.”
The technologies to be implemented in the Medical-Record QR Code
include Trust Stamp’s proprietary Irreversibly Transformed Identity
Token (IT2) which transforms biometric and other identity data into
a secure identity token that cannot be reverse-engineered to
recover the underlying data.
Trust Stamp’s Chief Innovation Officer Raman
Narayanswamy commented, “This privacy-first approach to
secure identity verification and data storage will enable users to
control their own data and offers tremendous capabilities that
include not just access to centralized medical data but also the
potential for portable medical records that can be accessed offline
for use in geographies or situations where online access is
impractical.”
About Trust StampTrust 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.
About Malta Enterprise
Malta Enterprise is the economic development agency for the
Republic of Malta, tasked with attracting new foreign direct
investment as well as facilitating the growth of existing Maltese
companies and acting as an adviser to the Malta government on
economic policy.
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
Josh Allen, Chief Executive Officer Trust Stamp Malta
Limited
Nisha Naik, Executive VP of Communications
Email: Shareholders@truststamp.ai
Malta
Enterprise
Antoinette Cefai, Manager External
Communications
Email: antoinette.cefai@maltaenterprise.com
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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