Trust Stamp Receives Notice of Allowance from the US Patent and Trademark Office

Rhea-AI Summary

Trust Stamp (Nasdaq: IDAI) announced a strong traction with 22 banks enrolling in paid pilot programs over the past three months, reflecting significant interest in its low-code Privacy-First Identity solution launched in 2022. These banks, collectively holding over $50 billion in assets, indicate a robust market demand. Additionally, Trust Stamp received a Notice of Allowance for its trademark from the United States Patent Office, underscoring its commitment to privacy-first identity services. The company's mission focuses on enhancing secure financial and societal inclusion while prioritizing user privacy.

Positive

• 22 banks enrolling in paid pilot programs, collectively exceeding $50B in assets.
• Received Notice of Allowance for Privacy-First Identity trademark.
• Significant market demand for low-code Privacy-First Identity solution.

Negative

• None.

Reports strong traction with 22 banks enrolling in paid pilot programs over the past three months

Atlanta, Georgia, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company^TM providing AI-powered trust and identity services used globally across multiple sectors, today announced that it has received a Notice of Allowance from the United States Patent Office for its Privacy-First Identity Company™ trademark. 

Trust Stamp launched its low-code Privacy-First Identity solution for banks and financial institutions in 2022 and is now seeing significant traction, with 22 banks (with total assets exceeding $50B) enrolling in paid pilot programs over the past three months. 

Trust Stamp's accelerating traction with banking institutions parallels its 2022 release of a range of Privtech Certified^TM identity products to empower government agencies to balance safe and efficient interaction with digital users with minimized intrusion into the user's privacy.

"Trust Stamp's mission is to accelerate secure financial and societal inclusion, on and offline, for everyone, everywhere, by giving them the means to establish their identity using universally accessible privacy-first products and services," said Gareth Genner, CEO & Co-founder of Trust Stamp. "Our mission's emphasis on privacy resonates with multiple industries, and this trademark further emphasizes our commitment to making our mission a reality."

About Trust Stamp

Trust Stamp the Privacy-First Identity Company^TM, 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 nine 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. 

Trust Stamp                                                   Email: Shareholders@truststamp.ai

Gareth Genner, CEO              

Investor Relations                                        Tel: +1 212-671-1020

Crescendo Communications, LLC                 Email: idai@crescendo-ir.com

FAQ

What recent achievement did Trust Stamp (IDAI) announce regarding its trademark?

Trust Stamp received a Notice of Allowance from the United States Patent Office for its Privacy-First Identity Company trademark.

How many banks have enrolled in Trust Stamp's pilot programs recently?

22 banks with total assets exceeding $50 billion have enrolled in paid pilot programs over the past three months.

What is the focus of Trust Stamp's identity solutions?

Trust Stamp's solutions aim to provide privacy-first identity services that enhance secure financial and societal inclusion.

When did Trust Stamp launch its Privacy-First Identity solution?

Trust Stamp launched its low-code Privacy-First Identity solution for banks and financial institutions in 2022.

What is the Nasdaq ticker symbol for Trust Stamp?

Trust Stamp trades on the Nasdaq Capital Market under the ticker symbol IDAI.