Trust Stamp to attend the Commonwealth Business Forum in Rwanda

Rhea-AI Summary

On June 16, 2022, Trust Stamp (Nasdaq: IDAI) announced that CEO Gareth Genner will participate in a trade delegation to the Commonwealth Business Forum in Rwanda from June 20 to June 25, 2022. This forum aims to strengthen multilateral cooperation among 54 nations and facilitate economic growth. Genner emphasized the significance of intra-Commonwealth trade, projected to exceed $700 billion in 2022. Trust Stamp, established in Rwanda in 2021, focuses on addressing equity in biometric systems and enhancing global transactions through AI-powered identity services.

Kigali, Rwanda, June 16, 2022 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID), an AI-powered trust and identity services company used globally across multiple sectors, announces that CEO Gareth Genner will join a trade delegation organized by TradeMalta to attend the Commonwealth Business Forum coinciding with the Commonwealth Heads of Government Meeting (“CHOGM”). With member delegations from 54 nations across Africa, the Caribbean and Americas, Europe, Asia, and the Pacific, CHOGM aims to reinforce multilateral cooperation, explore new opportunities, and tackle common challenges for the well-being of future generations.

CHOGM will take place in Rwanda from June 20, 2022, to June 25, 2022 with the theme of ‘Delivering a Common Future: Connecting, Innovating, Transforming.' The Commonwealth Business Forum brings together the Commonwealth’s most senior business leaders alongside Heads of Government and Ministers for three days of discussions, networking, and deal-making. With over 1,000 expected participants, it is designed to provide different ways to create meaningful connections, exchange knowledge, contribute to impactful dialogue and consume information.

Genner comments, “With intra-Commonwealth trade expected to surpass $700 billion in 2022 and Commonwealth countries comprising a number of free trade zones including the Africa Continental Free Trade Area (AfCFTA), the Commonwealth Business Forum provides a valuable opportunity to capitalize on global opportunities for economic growth and social development. Trust Stamp’s investment in cross-national development and ongoing governmental relationships position us to develop and deliver equitable, accessible, and inclusive technology that enables organizations and individuals to transact more freely and with trust.”

Trust Stamp established its Rwandan subsidiary in 2021, which currently employs 16 people out of its Kigali office. The Company recently entered into a memorandum of understanding with the African Institute for Mathematical Sciences to together further research in identifying and addressing race and ethnicity-based discrepancies in the performance of biometric systems resulting in systemic inequities.

Enquiries

Trust Stamp                                                                          Email: Shareholders@truststamp.ai

Gareth Genner, Chief Executive Officer                         

Nisha Naik, Executive VP of Communications

Davy (Euronext Growth Advisor)                                     Tel: +353 1 679 6363

Barry Murphy

Investor Relations                                                               Tel: +1 212-671-1021

Crescendo Communications                                              Email: idai@crescendo-ir.com

About Trust Stamp

Trust Stamp, 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) and Euronext Growth in Dublin (Euronext Growth: AIID ID). Founded in 2016 by Gareth Genner and Andrew Gowasack, the company now employs over 100 people.

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. 

FAQ

What is the purpose of Trust Stamp's participation in the Commonwealth Business Forum?

Trust Stamp aims to strengthen multilateral cooperation and explore economic growth opportunities during the Commonwealth Business Forum.

When will the Commonwealth Business Forum take place?

The Commonwealth Business Forum will occur from June 20 to June 25, 2022, in Rwanda.

What trade opportunities did Gareth Genner highlight for 2022?

Gareth Genner highlighted that intra-Commonwealth trade is expected to surpass $700 billion in 2022.

How is Trust Stamp addressing biometric equity?

Trust Stamp is collaborating with the African Institute for Mathematical Sciences to research and address discrepancies in biometric systems.

What is the significance of the theme 'Delivering a Common Future' for the Commonwealth Business Forum?

The theme 'Delivering a Common Future: Connecting, Innovating, Transforming' focuses on fostering cooperation and innovation among Commonwealth nations.