Trust Stamp announces the continued growth of its patent portfolio for AI-powered biometric technology
January 19 2024 - 8:30AM
Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM
announced that on January 12th the USPTO issued a notice of
allowance for utility patent application #17/401,504 covering
“Systems and Methods for Liveness-Verified, Biometric Based
Encryption."
Dr Norman Poh, Trust Stamp’s Chief Science Officer, commented,
"Our liveness detection technology used in conjunction with our
patented identity tokenization is designed to defend against the
escalating occurrence of presentation attacks. Speaking at the
World Economic Forum in Davos Switzerland this week, JPMorgan
shared that they are fighting off around 45 billion attempts a day
to infiltrate their system. It is inevitable that the rapid
acceleration of artificial intelligence tools will increase the
capabilities of the attackers and we believe that AI-powered
defenses such as this are essential as we seek to stay one-step
ahead of the systematic risk.”
Enquiries
Trust Stamp
Email: Shareholders@truststamp.ai
Norman Poh, Chief Science Officer
About Trust Stamp
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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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
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forward-looking statements to reflect events or circumstances after
such date or to reflect the occurrence of unanticipated events.
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