Trust Stamp receives notice of a new patent issuance for identity authentication technology using social media and other user account access from the US Patent and Trademark Office
17 Agosto 2023 - 9:00AM
Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity
CompanyTM providing AI-powered trust and identity services
used globally across multiple sectors, announces that on August 15,
2023, Patent # 11,729,158 entitled “Systems and Methods for
Identity Authentication via Third Party Accounts” was issued to the
Company by the US Patent and Trademark Offices. This patent is the
eighteenth issued to the company in addition to which the company
has an additional thirteen patent applications pending.
Andrew Gowasack, President of the Company, commented, “Fraud
comes in many flavors, and social media and similar peer to peer
platforms can both serve as a breeding ground for fraudulent
transactions and as a protection against them. This technology,
while leveraging our core privacy-first technologies, provides an
optional interlock between different types of user accounts
benefiting from the strengths that each can offer in terms of user
authentication to produce a more resilient user-centric
ecosystem.”
Trust Stamp released its business update and financial results
for the second quarter and YTD 2023 on August 14th 2024 reporting
positive progress across all of its commercial objectives including
raising new capital, substantially growing its customer base and
reducing operating losses through substantial reductions in
operating costs.
Inquiries
Trust
Stamp
Email: Shareholders@truststamp.ai
Andrew Gowasack,
President
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 in seven countries 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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