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Trust Stamp Announces Notice of Allowance for U.S Patent Related to its Artificial Intelligence (AI) Based Biometric Authentication Technology

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Atlanta, Feb. 21, 2023 (GLOBE NEWSWIRE) — Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM providing artificial intelligence (AI)-powered trust and identity services used globally across multiple sectors, announces that it has received a Notice of Allowance for its latest patent application #17/230,684 by the United States Patent Office.  The ‘684 application is directed to Trust Stamp’s innovative processes for irreversibly transforming biometric and other identity data into an irreversibly transformed identity token or “(IT)².”  Trust Stamp believes this technology provides an unparalleled level of data protection, while improving the efficiency and expanding the utility of legacy identity systems.

Trust Stamp believes its privacy-first technology is unique in that it replaces the storage and use of biometric templates with an irreversibly transformed identity token (IT)² generated by a neural network. The AI processes used include image segmentation utilizing deep learning. The use of AI allows Trust Stamp to provide users with the benefits of biometric-derived authentication without losing control of or sharing their original biometric data. The (IT)² cannot be reverse-transformed to recover the original data and thus offers a privacy-protecting methodology to enjoy the benefits of biometric-based authentication without the dangers of storing biometric templates. 

This patent builds upon prior patent grants protecting the (IT)² technology. The patent is also directed to:

  • Collecting multiple modalities of biometrics using touchless technology;
  • Converting multiple modalities of biometric and non-biometric data into a fixed-size representation allowing them to be compared for matching and deduplication using a similarity metric; and
  • Combining multiple biometric modalities (e.g., face, finger, iris, speech, and palm biometrics) with other non-biometric data (e.g., SSN, user device identification data, driver’s license #, date of birth, and medical data) to produce a multi-factor authentication that provides greater accuracy than any single biometric modality;

                                                                                                                                                                                                                            
Trust Stamp CEO, Gareth N. Genner comments, “This will be our fourteenth issued patent, and we have an additional 19 patent applications pending. We’re proud to be at the forefront of using AI for these types of applications, this patent contributes to an overall depth of technology innovation that allows us to deliver identity and trust-focused solutions that place privacy first. Our innovative technology can be implemented ‘on the edge,’ meaning that it can operate on devices that may not have internet or other ways to access server resources which allows the creation of privacy-first applications where the user’s biometrics never leave their own device, as well as use in remote locations that do not have Internet or other data services available to the user.”

About Trust Stamp

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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 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

Inquiries

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Trust Stamp                                                   Email: [email protected]

Gareth Genner, CEO            

Investor Relations                                          Tel: +1 212-671-1020

Crescendo Communications, LLC                   Email: [email protected]

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Artificial Intelligence

World Top-Performing Incubator Conference 2024 Held in Lingang Shanghai, China

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SHANGHAI, Oct. 1 2024 /PRNewswire/ — The World Top-Performing Incubator Conference 2024 (WTIF 2024), one of the series activities of Pujiang Innovation Forum, themed “Boundless Innovation, Collaborative Synergy”, was held in Lin-gang Special Area, Shanghai from September 26th to 28th, 2024.

During the opening ceremony, Zhao Chaofan, Director General, the Department of Science and Technology, Ministry of Industry and Information Technology (MIIT), Wang Dehua, Director of Incubation System Construction Division of Torch High Technology Industry Development Center Ministry of Science and Technology, Zhai Jinguo, Deputy Director of the Science and Technology Commission of Shanghai Municipality, and Peng Shiquan, Deputy Director of Lin-gang Special Area Management Committee attended and delivered welcome speeches. Li Youping, Deputy Director of the Torch Technology Industry Development Center, MIIT, Chen Xin, Vice President of Shanghai Association for Science and Technology, Sun Meng, Vice President of Shanghai Lingang Economic Development, and Huang Lihong, Director of Shanghai Technology Innovation Center, collectively launched WTIF 2024.
DMZ, The Drivery GmbH, London & Partners, UtrechtInc Startup Incubator, ITU Çekirdek Incubation Center,Startups House, 22 On Sloane, Caohejing Humanoid Robots Innovation Incubator, G60 Satellite Internet Incubator, Lingang Pujiang Entrepreneurship and Innovation Park, Lingang Medical Device Innovation Center and HCH Ventures officially joined “International Innovation Synergy and Incubation Alliance”.
Joint incubation contracts have been signed by several top-tier incubators: Startups House and Step Innovation, Peking University International S&T Innovation Center at Lingang and Lingang Science and Technology Investment, ITU Çekirdek Incubation Center and Shanghai Lingang United Development, 22 on Sloane and Lingang Pujiang Entrepreneurship and Innovation Park, USP Innovation Agency and Shanghai Pudong Software Park Incubator. Several letters of intent for project implementation have been signed, covering Nine Dimension Turing Technology and Caohejing Hi-Tech Park, Beijing Haibaichuan Technology and Shanghai Lingang United Development, and Paragraf Ltd and Shanghai Lingang Economic Development Group Technology Investment.
During the keynote speech, Dr. Frederico Lourenco, Vice President of Portfolio Strategy and Operations, Flagship Pioneering, and Prof. Kwang-Geun (James) Lee, Chairman of Asian Association of Business Incubation (AABI) delivered thematic sharing. Mi Lei, Founding Partner of CASSTAR, had in-depth dialogue with Tian Mochen, Founder and CEO of Kiwimoore. Profound dialogues were also created between Dr Tony Raven, Former Chief Executive, Cambridge Enterprise, and Dr Simon Thomas FREng, Fellow of the Royal Academy of Engineering,CEO and Co-Founder, Paragraf Ltd.
In the roundtable discussion on Innovation Models and Cooperation Opportunities for Global Incubation, UBI Global, DMZ, Startups House, Lingang SYNLINX Life Science Professional Incubator, The Drivery GmbH and Xnode discussed on innovation models for global technology incubation.
The Conference was guided by the Torch High Technology Industry Development Center Ministry of Science and Technology, Science and Technology Commission of Shanghai Municipality and Technology Committee, Lin-gang Special Area Administration of China (Shanghai) Pilot Free Trade Zone, and Shanghai Association for Science and Technology, organized by Shanghai Lingang Economic Development and Shanghai Technology Innovation Center, and co-organized by Shanghai Lingang Economic Development Group Technology Investment, Shanghai Technology Business Incubator Association and Step Innovation.
Photo – https://mma.prnewswire.com/media/2518567/20240929161407.jpg 

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Artificial Intelligence

MiTAC Computing Technology Achieves Brand Consolidation, Expands Server Business

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TAOYUAN, Oct. 1, 2024 /PRNewswire/ — MiTAC Computing Technology Corporation, a subsidiary of MiTAC Holdings Corporation (hereinafter referred to as MiTAC; stock symbol: 3706), has announced that the server brand TYAN® will be integrated with the MiTAC brand. Starting from October 1, 2024, all products will be branded under MiTAC, with the release of a new logo and updated official website. MiTAC Computing Technology Corporation website: http://www.mitaccomputing.com/

MiTAC entered the server ODM industry in 1999 as one of Taiwan’s pioneers in the server market. In 2007, it expanded its presence by acquiring Tyan Computer, building a reputation for designing high-performance motherboards and barebone systems targeting the high-end server market. Following the spinoff of MiTAC’s cloud computing business in 2014, MiTAC Computing Technology was established as a subsidiary of Mitac Holdings under the MiTAC-Synnex Group.
With over two decades of experience in server research, development, manufacturing, and sales, MiTAC Computing Technology has consistently pushed the boundaries of innovation by leveraging top talent and operational efficiency. Committed to earning customer trust and fostering mutual success, MiTAC designs and manufactures high-quality server products for OEMs and Cloud Service Providers (CSPs). Through its leading server brand of TYAN, MiTAC has garnered significant industry appreciations for its extensive expertise and success. Additionally, since July 2023, MiTAC Computing Technology has taken on Intel’s Datacenter Solutions Group (DSG) server business, further expanding its influence in the server market under the MiTAC brand.
Rick Hwang, President of MiTAC Computing Technology, explained that although MiTAC and TYAN serve distinct market segments, their integration under a single brand will streamline distribution strategies, create brand management synergies, and strengthen MiTAC’s overall market presence.
The brand integration process is fully completed by October 1, 2024, consolidating all products under the MiTAC brand. As the demand for generative AI continues to grow, MiTAC Computing Technology is committed to advancing its AI server product line by leveraging its R&D strengths. “Our commitment to delivering superior solutions and service to our customers remains unwavering,” said Rick Hwang. “By unifying our brand, we aim to enhance the value of MiTAC’s offerings, providing a seamless and consistent customer experience across all customers.”
About MiTAC Computing Technology Corporation
MiTAC Computing Technology Corporation, a subsidiary of MiTAC Holdings Corp. (TSE:3706), specializes in cloud, AI/HPC and edge computing solutions and has over 30 years of design and manufacturing expertise. With a strong focus on large-scale data centers, MiTAC offers flexible and customized solutions for various systems and applications. Our product lineup includes TYAN servers, ORAN servers, high-performance AI servers, and other data center products.
Originally, MiTAC operated the server channel business under the TYAN brand and began selling Intel DSG server products under the MiTAC brand in July 2023. As of October 2024, we have integrated the TYAN and MiTAC brands to streamline our operations and enhance brand management. MiTAC now serves as the sole brand name for all our products.
MiTAC Computing Technology Corporation website:http://www.mitaccomputing.com/
Photo – https://mma.prnewswire.com/media/2515283/PR_photo_Rick_Hwang____________President_of_MiTAC_Computing_Technology.jpg
 

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Aero Design Labs receives U.S. and EASA approval for updated Boeing 737-800 drag reduction kit

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FORT WORTH, Texas, Sept. 30, 2024 /PRNewswire/ — Aero Design Labs (ADL) today announced it has received a Supplementary Type Certificate (STC) from the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) approval for its enhanced Boeing 737-800 drag reduction kit 2.0.

“We are delighted to introduce our next generation of the drag reduction kit, which we are referring to as ‘ADL Kit 2.0′,” said Jeff Martin, ADL President and CEO. “The ADL team has once again demonstrated its expertise and commitment to aviation carbon reduction through its continued improvement process. ADL’s next generation Kit 2.0 is an evolution from our original designs, meeting the stringent requirements based on valuable feedback from our launch partners. With our new EASA approval, we can now offer our carbon reduction kits to new EU airline customers.”
The ADL Kit 2.0 captures new benefits, and significantly reduces the installation time, delivering reduced out-of-service time for the conversion while generating meaningful fuel savings and reduced carbon emissions across the popular Boeing 737-800 variant. Based on feedback from airline partners, it is anticipated that a kit can be installed overnight, minimizing critical out-of-service time for the airlines.
“Having served as an airline operational executive, I understand the need for airlines to reduce their carbon footprint, save fuel and minimize aircraft out-of-service time for the modification,” said David Campbell, ADL Chief Operating Officer. “ADL Kit 2.0 offers better economics and a shorter payback period, assisting airlines with fuel savings and carbon reduction including their IATA CORSIA carbon reduction pledges.”
“On behalf of the team at ADL, we thank ALOFT AeroArchitects, NORDAM, AAR Corp, and the many airline partners who have assisted us on this journey”, concluded Jeff Martin. “Their feedback and contributions to our engineering efforts and joint commitments to reducing aviation carbon emissions are invaluable.”
About Aero Design Labs L.L.C.
Founded in 2015, Aero Design Labs (ADL) leads the way in the research, development and installation of drag reduction systems for airline fleets globally. ADL modifications to airlines’ existing fleets can result in fuel savings, extend fleet longevity and the potential for billions of pounds of CO2 to be prevented from entering the atmosphere. 
Media inquiries: Richard Bartrem [email protected]
Sales inquiries: David Campbell [email protected]
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