T STAMP INC
('Trust Stamp' or 'The Company')
Trust Stamp files pre-admission announcement for direct listing on Euronext Growth Dublin
20 November 2020: Trust Stamp, (AIID ID) a global provider of AI-powered identity services for use in multiple sectors, is pleased to announce it has filed a pre-admission announcement regarding its intention to seek admission of its class A common stock ("Common Shares") to trading on Euronext Growth ("Admission"), a market operated by Euronext Dublin ("Euronext Growth") for high growth small and mid-cap companies.
The Company has appointed Davy as its Euronext Growth Adviser in relation to a possible Admission, which will represent the first direct listing on Euronext Growth in Ireland.
Gareth Genner, CEO and Co-Founder of Trust Stamp commented: "We are delighted to have filed our pre-admission announcement to shortly deliver a direct listing for Trust Stamp on the Euronext Growth market in Dublin. The support we have received from the team at Euronext, our advisers and our shareholders has enabled us to deliver another great milestone for the business. Trust Stamp is a global business with operating bases in a number of European markets and it made sense to list in Ireland which has an excellent reputation as a world-leading base for technology and innovation and a vibrant tech and growth company advisory ecosystem.
Trust Stamp tackles global challenges in identity, including data protection, financial accessibility and fraud prevention with patented transformation algorithms, deep neural networks and other leading-edge AI. This technology is more important in today's remote world than ever before."
Genner continued, "Through continuous innovation at the intersection of biometrics, privacy and cybersecurity, we deliver secure, trusted identity systems at the heart of how organisations and individuals transact in the connected world.
Identity fraud is one of the greatest challenges we face in a digital world. Our technology protects privacy and significantly reduces the potential for misuse of sensitive identity data."
Background on the Company
Founded in 2016, Trust Stamp is an artificial intelligence company that primarily develops proprietary identity solutions to help determine whether an individual is who they say they are and that they can be trusted, including Trust Stamp's AI-powered facial biometrics that establish proof of life and are resistant to presentation attacks.
The Group's solutions revolve around a proprietary process by which a deep neural network irreversibly converts biometric and other identifying data, from any source, into an Irreversibly Transformed Identity Token (IT2) which serves as a secure tokenized identity. This hash is unique to the user but cannot be reverse engineered and rebuilt into the user's face or other biometric data.
Strengthening the team
As it positions itself for the next stage of growth, the Company has assembled a strong Board and senior executive management team, with considerable and relevant expertise growing a business to generate returns for shareholders.
The Independent Non-Executive Directors on Admission will comprise of: Stacia Hylton, who has successfully led and participated in the governance of large and complex government and private sector organisations and brings substantial expertise in ensuring compliance with federal legislation and regulation; Jane Karowski McCracken, who co-founded and served in the C-suite of a number of technology companies in healthcare, software and e-commerce in each of which she achieved a successful exit via an IPO or trade sale, having raised more than $100 million in funding; Sarah-Jill Lennard, who previously worked for the UK Foreign Office for over 30 years focussing on technology and data, ensuring that the FCO acquired flexible and appropriate technology to protect its communications, people and buildings; and William (Billy) D'Arcy, who has 25 years' experience in telecommunications & ICT having occupied multiple senior management roles and currently serves as CEO of UK and Ireland for BAI Communications.
Enquiries
| Trust Stamp Gareth Genner, Chief Executive Officer Nisha Naik, Director of Marketing |
Tel: +1 (404) 806-9906
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Davy (Euronext Growth Advisor) Fergal Meegan Barry Murphy Gillian O'Driscoll
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Tel: + 353 (0)1 679 6363 |
| Powerscourt (Financial Public Relations) Eavan Gannon Clodagh Bergin |
Tel: +353 87 236 5973 |
This announcement does not constitute, or form part of, any offer or invitation to sell, purchase or subscribe for, or any solicitation of any offer to sell, purchase or subscribe for, any securities in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, or act as an inducement to enter into, any contract or commitment therefore.
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