Trust Stamp Announces Alliance with ManTech to Provide AI-Powered Identity Management Technology
- Teaming Agreement with ManTech to integrate AI-Powered, Privacy-First identity authentication technologies
- Trust Stamp's technology recognized as transformative with the ability to provide fully-trusted connections
- Quantum safe Irreversibly Transformed Identity Token (IT2)
- None.
Insights
The collaboration between Trust Stamp and ManTech represents a significant advancement in the realm of cybersecurity for government entities. The integration of Trust Stamp's AI-Powered, Privacy-First identity authentication technologies within ManTech's Zero Trust frameworks enhances the security infrastructure against modern cyber threats. Zero Trust is a security model that requires all users, both inside and outside the organization's network, to be authenticated, authorized and continuously validated for security configuration and posture before being granted or keeping access to applications and data.
Quantum computing poses a potential risk to current cryptographic standards due to its ability to break traditional encryption methods. Trust Stamp's focus on Quantum-resistant technologies, such as their Irreversibly Transformed Identity Token (IT2), is pivotal in preempting the vulnerabilities that Quantum computing could exploit. The IT2 technology ensures that biometric data is protected against the future threat of Quantum-level hacking, which is a crucial development for protecting sensitive government data.
The strategic partnership between Trust Stamp and ManTech is likely to have a positive impact on Trust Stamp's market position and financial performance. Given the growing demand for advanced cybersecurity solutions in government sectors, this Teaming Agreement could lead to increased adoption of Trust Stamp's technologies. The government's cybersecurity budget has been on an upward trajectory and contracts with government entities tend to be large and long-term in nature, which could provide a stable revenue stream for Trust Stamp.
Furthermore, ManTech's established reputation and track record in government contracts could serve as a strong endorsement of Trust Stamp's technology, potentially leading to further business opportunities and partnerships. Investors and stakeholders should monitor the adoption rate and feedback from government customers, as these will be indicators of the partnership's success and its impact on Trust Stamp's financial growth.
From a financial perspective, the Teaming Agreement between Trust Stamp and ManTech may influence Trust Stamp's stock valuation and investor sentiment. Collaborations with reputable firms like ManTech often lead to increased investor confidence, which can be reflected in the company's stock price. It is important to analyze the terms of the agreement and projected revenues, as these details will determine the material impact on Trust Stamp's financials.
Investors should also consider the competitive landscape and how Trust Stamp's Quantum-safe solutions position the company in relation to its peers. As Quantum computing becomes more accessible, the demand for Quantum-resistant security solutions is expected to grow, potentially benefiting companies like Trust Stamp that are early adopters of such technologies.
Teaming Arrangement Delivers Quantum-Level Security for Government
ATLANTA, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI) today announced a Teaming Agreement with ManTech to integrate Trust Stamp’s AI-Powered, Privacy-First identity authentication technologies complementing ManTech programs, including Zero Trust.
“Trust Stamp’s privacy-first technology has many use cases for the federal government and its implementation within ManTech’s product offering is a tremendous opportunity to accelerate adoption,” said Andrew Gowasack, President of Trust Stamp. “ManTech’s impressive track record of successful government engagements, combined with their ability to deliver cutting edge analytics, will amplify the impact of Trust Stamp technology – providing a best-in-class trust and identity solution for government customers.”
Trust Stamp is a market leader in proven, AI-driven identity management, with an eye to the future of Quantum cryptology and cryptography. Trust Stamp’s Irreversibly Transformed Identity Token (IT2) is Quantum safe from the rising threat of biometric hacking and manipulation.
The Teaming Agreement began at the Georgia Institute of Technology’s Advanced Technology Development Center, a partner of ManTech. Trust Stamp graduated from ATDC as a Signature Portfolio company, a status that recognized their technology as transformative with the ability to provide fully-trusted connections between companies, coaches, capital, and customers.
For more information contact:
Andrew Gowasack, TrustStamp President
Email: Shareholders@truststamp.ai
About Trust Stamp
Trust Stamp the Privacy-First Identity Company, 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.
About ManTech
ManTech provides mission-focused technology solutions and services for U.S. Defense, Intelligence and Federal Civilian agencies. In business for more than 55 years, we are a leading provider of AI solutions that power full-spectrum cyber, data collection & analytics, enterprise IT, high-end engineering and software application development solutions that support national and homeland security. Additional information on ManTech can be found at www.mantech.com.
About Georgia Tech
The Georgia Institute of Technology, or Georgia Tech, is one of the top public research universities in the U.S., developing leaders who advance technology and improve the human condition. The Institute offers business, computing, design, engineering, liberal arts, and sciences degrees. Its more than 45,000 undergraduate and graduate students, representing 50 states and more than 148 countries, study at the main campus in Atlanta, at campuses in France and China, and through distance and online learning. As a leading technological university, Georgia Tech is an engine of economic development for Georgia, the Southeast, and the nation, conducting more than
About the Advanced Technology Development Center (ATDC)
The Advanced Technology Development Center (ATDC), a program of the Georgia Institute of Technology, is the state of Georgia’s technology startup incubator. Founded in 1980 by the Georgia General Assembly which funds it each year, ATDC’s mission is to work with entrepreneurs in Georgia to help them learn, launch, scale, and succeed in the creation of viable, disruptive technology companies. Since its founding, ATDC, a program of Georgia Tech's Enterprise Innovation Institute, has grown to become the longest running and one of the most successful university-affiliated incubators in the United States, with its graduate startup companies raising
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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