Trust Stamp announces the release of its new AI-Powered Age Estimation technology
March 13 2024 - 10:00AM
Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM
has announced the commercial release of its new age-estimation
technology using deep-learning algorithms.
Andrew Gowasack, Trust Stamp’s President, commented, “Understanding
the age of online users is critical not only to ensuring that
services and content appropriate for mature audiences are not
accessed by minors but also ensuring that services that are
expressly designed to allow young people to interact are not
infiltrated by adult users. This is increasingly being recognized
by legislative initiatives, and in some cases, algorithmic-based
age estimation is expressly being authorized. As with any product
of this type, our technology cannot provide an exact age for a user
but does provide a confidence level as to an age range allowing
platform operators to focus document-based age verification on a
subset of their users.” Andrew Gowasack went on to say, “We
recently participated in a bake-off against an industry leader in
the age verification field and based upon the performance of our
deep-learning technology in that test, we are now negotiating the
first commercial implementation for the technology. We can deliver
this technology as a SaaS application through our Orchestration
Layer, as an on-prem installation, via an SDK for integration into
mobile applications or, potentially, as a stand-alone application
that can run on the edge without Internet access. Although our
first potential customer is an online platform, the demand extends
to offline venues and can remove the need for more intrusive
in-person requirements. This is a very substantial and fast-growing
market opportunity for us and an excellent compliment to our
existing identity authentication
services.”
Enquiries:
Trust Stamp
Andrew Gowasack,
President:
agowasack@truststamp.ai
Investors:
shareholders@truststamp.ai
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.
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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