Saturday, October 16, 2021

CONGRATULATIONS: Trust Stamp Awarded $3.9M DHS Contract

Due Date: News Release: Trust Stamp Awarded $3.9M DHS Contract Government Organization: U.S. Department of Homeland Security, Immigration and Customs Enforcement ("ICE") Description: Congratulations to John Bridge and Trust Stamp (DEFTECH Partners) on their great win with the Department of Homeland Security Immigration and Customs Enforcement ("ICE"). Well done!! Company UpdateATLANTA, GA / ACCESSWIRE / September 27, 2021 / Trust Stamp (OTCQX: IDAI)(Euronext Growth: AIID), a global provider of AI-powered trust and identity services used across multiple sectors, today announced it has entered into a fixed price purchase order (the "Agreement") amounting to the U.S. $3,920,764 with U.S. Immigration and Customs Enforcement ("ICE"), a federal agency under the U.S. Department of Homeland Security.
Raleigh
Oct 16, 2021

Category: Announcement

DoD Communities Of Interest: Artificial Intelligence

Subject : CONGRATULATIONS: Trust Stamp Awarded $3.9M DHS Contract

Due Date: News Release

Government Organization: U.S. Department of Homeland Security, Immigration and Customs Enforcement ("ICE")

Description :

Congratulations to John Bridge and Trust Stamp (DEFTECH Partners) on their great win with the Department of Homeland Security Immigration and Customs Enforcement ("ICE"). Well done!!

News Release: Trust Stamp Awarded $3.9M DHS Contract

Monday, September 27, 2021, 2:00 AM

Topic: Company UpdateATLANTA, GA / ACCESSWIRE / September 27, 2021 / Trust Stamp (OTCQX: IDAI)(Euronext Growth: AIID), a global provider of AI-powered trust and identity services used across multiple sectors, today announced it has entered into a fixed price purchase order (the "Agreement") amounting to the U.S. $3,920,764 with U.S. Immigration and Customs Enforcement ("ICE"), a federal agency under the U.S. Department of Homeland Security.

Under the Agreement, Trust Stamp (the "Contractor") is responsible for providing mobile biometric services centered around the Company's privacy-preserving data tokenization technology. With an outlined contract delivery period of the earlier of six months from the commencement date of 27 September 2021 or service delivery to 10,000 participants (and subject to a right of early termination for cause by ICE), the Company anticipates substantially fulfilling the performance obligations in the Agreement in the 2021 financial year.

John Bridge, Executive Vice President of Trust Stamp, comments: "Trust Stamp delivers secure, dignified, and streamlined biometric solutions that transform identity and trust frameworks to better meet the needs of all involved parties. This contract award reflects the maturity of our innovative privacy-first approach to identity, along with our commitment to delivering accessible and equitable solutions that work for anyone, anywhere. With proven success in large-scale implementations, Trust Stamp looks forward to further demonstrating that the level of security and privacy provided by Irreversibly Transformed Identity Tokenization (IT2TM) is not only achievable across any biometric use case but also poses immense benefits to cost and operational efficiency.

In realizing our company-wide efforts to win this contract over the previous quarters of 2021, encompassing Trust Stamp's business, technology, and compliance capabilities, we hope to shift standards and expectations of the biometrics industry towards the user-centric protection critical for a globally inclusive digital reality that is built on trust."

About Trust Stamp

Trust Stamp is a global provider of AI-powered identity services 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 OTCQX Best Market (OTCQX:IDAI) and Euronext Growth in Dublin (Euronext Growth: AIID ID). Founded in 2016 by Gareth Genner and Andrew Gowasack, the company now employs over 80 people with flagship customers, including Mastercard International and FIS.

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SOURCE: T Stamp Inc

For the complete announcement, please visit:

https://finance.yahoo.com/news/trust-stamp-awarded-3-9m-060000121.html?guccounter=1

Website: https://truststamp.ai/

Questions or assistance, contact:
North Carolina Defense Technology Transition Office (DEFTECH)

 

Dennis Lewis
lewisd@ncmbc.us
703-217-3127

Bob Burton
burtonr@ncmbc.us
910-824-9609

North Carolina Defense Technology Transition Office | PO Box 1748, Fayetteville, NC 2B303