IDAI new 52 week high

Looking ok churn low .40s can get past .47-.48 solid resistance we have a little run. Small floater

Dip shtt $0.52 offer stacker needs to get kicked in the face

It seems so!

IDAI running…

idai has 2 months of cash...dilution incoming

IDAI: Perhaps a, "52 week HIGH" today??? (Is there a, "26 week MEDIUM" price too??? Heck, I'm gonna start alerting THAT one for many stocks on a daily basis!!!)

Trust Stamp has licensed its computer vision and other AI-based technologies for use in Hydrogen-Powered Search & Rescue, Humanitarian Services, Surveillance, and Delivery Drones in a transaction generating $5,000,000 of income for Trust Stamp in Q3 of 2024
ATLANTA, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), a global provider of AI-powered technologies, announces a strategic implementation with Boumarang Inc. (“Boumarang”), a pioneer in drone technology and hydrogen power solutions. The implementation will see Trust Stamp’s computer vision, data tokenization, and other AI-powered technologies integrated into and used in conjunction with groundbreaking hydrogen-powered UAV systems.

Market Opportunity:

The global drone market was valued at USD 22.4 billion in 2022, and it is expected to grow from USD 28 billion in 2023 to USD 166.7 billion by 2031, with a compound annual growth rate (CAGR) of 25% during the forecast period from 2024 to 2031.

The collaboration between Trust Stamp and Boumarang addresses a burgeoning market opportunity as businesses and governments worldwide seek efficient, sustainable, and secure surveillance and delivery solutions. Integrating hydrogen power with advanced AI capabilities promises unprecedented operational efficiency, environmental sustainability, and security advancements.

Hydrogen-powered drones offer significant advantages over legacy battery-powered systems, including longer flight times, faster refueling, and reduced environmental impact, including noise pollution. Combining these benefits with Trust Stamp's cutting-edge AI technology will result in a state-of-the-art solution capable of enabling a wide range of humanitarian services and transforming industries such as logistics, security, agriculture, and more.

Trust Stamp has granted Boumarang a non-exclusive license to use its computer vision and other patented AI technologies in conjunction with its hydrogen-powered drones for a $5,000,000 one-time license fee. The license fee has been paid by the issuance of pre-paid common stock warrants at fair market value, granting Trust Stamp equity participation in the Boumarang enterprise. The license income will be booked as “other-income” by Trust Stamp following the completion of an independent valuation of the securities received.

Colin Guinn, Chief Innovation Officer of Boumarang, commented: "We are excited to partner with Trust Stamp to take our hydrogen-powered drone technology to new heights. This collaboration leverages our expertise in sustainable energy solutions with Trust Stamp's advanced AI capabilities, creating a product that is not only innovative but also environmentally responsible. We believe this partnership will set a new standard in the drone industry, providing businesses and governments with a reliable and efficient tool for a wide range of applications." Boumarang’s leadership team comprises industry experts in military, engineering, and science, collectively bringing decades of experience to drive innovation and excellence.

Gareth N. Genner, Chief Executive Officer of Trust Stamp, stated: "Partnering with Boumarang aligns perfectly with our goal to deliver our cutting-edge AI solutions via partners in different industries. This innovative drone system will offer a powerful tool for humanitarian services, real-time search & rescue and surveillance missions, and secure delivery, fueled by the endurance and sustainability of green hydrogen power. We believe that this partnership will open up new markets and licensing opportunities for us in government and non-government sectors, driving significant growth potential."

About Trust Stamp
Trust Stamp is a global provider of AI-powered technology for use in multiple sectors, including banking and finance, regulatory compliance, government, real estate, transportation, communications, and humanitarian services. With team members from twenty-two countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).

About Boumarang Inc.
Boumarang Inc. is pioneering the future of multi-purpose, AI-driven drones designed to tackle a wide array of commercial, infrastructural, humanitarian, and military challenges. From autonomous last-mile product delivery to emergency response and

Trust Stamp has licensed its computer vision and other AI-based technologies for use in Hydrogen-Powered Search & Rescue, Humanitarian Services, Surveillance, and Delivery Drones in a transaction generating $5,000,000 of income for Trust Stamp in Q3 of 202

IDAI new 52 week low

IDAI new 52 week low

Good companies don’t shit on investors every chance they get.

Things are looking up for Trust Stamp. Ive been very willing to pay a much higher PPS for these shares but the market appeared to have lost interest even though internally the company forges ahead building its intellectual property portfolio.
Today we learn there is now an LOI with Qenta. This company is getting it done and management has consistently been transparent with shareholders. This is a good company. But now.
thv

Dilly dilly… relentless.

Man, I am more bullish on this company than ever. They're continuing to do things right. Some mighty few have been able to drive the price beyond wickedly low and as we have seen in the past, when it does run it does so with power. What seems different lately is that there are more buyers.....longer term.... for their much- needed technology asnd now that the defense industry is starting to take a shine to it, the catalysts will manifest more quickly and vigorously. It is already digging deep roots into a very cash- rich sector of banking. IDAI is on its way.

IDAI.............................https://stockcharts.com/h-sc/ui?s=IDAI&p=W&b=5&g=0&id=p86431144783

Trust Stamp President announces substantial H1-2024 growth including the 69th customer on its low-code Orchestration Layer platform
Trust Stamp’s President provides a holistic overview of business growth in H1 of 2024 including the growth of Trust Stamp’s financial services client base in the United States and internationally, and entry into new industries
Atlanta, GA, July 11, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), announced that in H1 of 2024 it has onboarded 21 new customers to its low-code Orchestration Layer platform, bringing the total number to 69, while growing its overall financial services customer base in the United States and internationally and increasing the industries served.

Trust Stamp President Andrew Gowasack, commented, “We have made tremendous progress building our business in 2024 and I know that it can be frustrating for shareholders who typically see company performance through the short term prism of reported revenue, or the snapshot of individual press releases, therefore I am pleased to provide our shareholders, and the market, with a holistic report on our business achievements for H1 of 2024.”

Andrew Gowasack continued, “I will start by observing that there is an unprecedented need for our AI-powered identity and fraud mitigation products because of the rapid emergence of ever more sophisticated AI-powered attacks including AI-generated “Super Synthetic” identities. I believe that the current and projected growth in our business is and will be fueled by our investments in research and development that have resulted in a substantial portfolio of patented Quantum-Proof AI-powered technologies, a number of which are tailor made to combat AI-powered presentation attacks. Our thesis is that every company that is using legacy technology to defend against AI-enabled fraud will soon be forced to invest in AI-powered technologies, and consequently, in parallel to our own sales initiatives, we are in discussions with other providers of identity authentication solutions with a view to collaborations that can leverage our market-leading technology.”

Gowasack further commented, “I am delighted to announce that in H1 of 2024 we added an additional 14 banks to the Orchestration Layer through our main channel partnership. This partnership has allowed us to quickly expand our contracted customer base in the U.S. financial services sector although the key to meaningful revenue growth will be accelerating and extending the usage of our technology by the contracted financial institutions. The revenue from the initial integration contract is nominal with significant revenue potential resulting from usage fees, and we are at the mercy of the financial institutions in terms of prioritization of their resources and timing of their roll-out. To date a little over half of the financial institutions contracted through the channel partnership have progressed integration to the point that we are seeing initial transactional usage. This is a slower ramp-up than we anticipated, but we are confident that the lifetime value of bank and other large financial institution customers will provide an excellent long-term return on our acquisition and associated costs.”

Gowasack went on to say, “Unlike typical identity verification (IDV) solutions, our Identity Tokenization (“IT2”) allows biometric based data to be safely used for more than just new customer enrollment without saving the underlying biometric data. Once a customer creates an IT2, reauthentication for processes like PIN/password resetting and change of address is as easy as taking a selfie. This means that the potential usage of Trust Stamp technology can be much higher than traditional IDV solutions and the wide range of potential use cases is reflected by our new authentication tool for wire transfers and other large and/or high risk transactions. One of the most commonly asked investor questions is how much recurring revenue we anticipate from each Orchestration Layer user once in full production. This is a challenging question to answer as we do not have a large enough sample size to produce a data driven estimation, and the range is likely to be significant. What I can say is that our first Orchestration Layer customer in full production is consistently generating in excess of $14k of MRR whereas our S&P500 bank customer consistently generates well in excess of $1m of ARR and we anticipate the long-term average being closer to the former than the latter.”

In addition, Trust Stamp has established new distribution channels for its financial services products with NayaOne Marketplace, and AWS Marketplace. Andrew Gowasack commented, “These channels provide accessibility and simplified integration for prospects without requiring us to expand our headcount. In the case of AWS, their existing customers are able to discover, test, contract and pay for Trust Stamp technology through their AWS account and receive AWS usage credit for the services that we provide.”

Outside of the United States, Trust Stamp has contracted with Africa’s largest mobile network provider for a proof of concept deploying Trust Stamp technology for mobile identity verification for financial transactions, and through its Master Services Agreement with a branded card network, is seeing planned usage expanding to banks in at least two African countries in H2 of 2024.

Trust Stamp has also expanded outside financial services adding its first social media customer implementing AI-powered Age Estimation technology. Andrew Gowasack commented, “This is a critical first step in the market as we pursue opportunities arising from new and/or more aggressively enforced legislation in the U.S. and E.U. requiring age verification for access to mature content, and also ensuring that users under 13 do not sign up for online services without adult approval. This first customer is allowing us to prove our technology and further refine our algorithms with a view to creating a market-leading product. Our experience with the customer has led to our developing a novel approach to increasing accuracy in AI age predictions and we have already filed a provisional patent related to that innovation.”

In addition, Trust Stamp has begun implementation with a strategic partner in the U.S. serving automotive dealerships, which are experiencing a 98% growth in synthetic identity fraud attacks, entered into two partnerships for implementation in the IOT market with partners in the UK and Denmark, entered into a go-to-market collaboration for healthcare focused on the UK, US, and Scandinavian markets, and been awarded a multi-year public safety contract by an E.U. government.

Andrew Gowasack finally commented, “For several years we have invested in developing specialized products focused on the identified needs of the United States federal government. In January of 2024 we entered into a teaming agreement with ManTech for the implementation of our Quantum-Safe technology services, and in H1 of 2024 we extended that strategic relationship to potential uses in the defense sector. While there is a considerable degree of political uncertainty impacting the potential timing of all new federal government projects, we have reason to anticipate that these initiatives will result in significant revenue in 2025."

Enquiries

Trust Stamp Email: Shareholders@truststamp.ai

Andrew Gowasack, President: agowasack@truststamp.ai

About Trust Stamp

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 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.

https://www.globenewswire.com/newsroom/ti?nf=OTE3NjUxMyM2MzYzMDk1IzUwMDA4NjM2NA==
https://ml.globenewswire.com/media/MTk1Zjc2NjctYzE0YS00OGE1LTk5ZDEtYmEzMDJiZjE1Njc4LTUwMDA4NjM2NA==/tiny/Trust-Stamp.png

Source: Trust Stamp
© 2024 GlobeNewswire, Inc.
Back to News Headlines
Other Financial Information
Recent News & Disclosure Filings
Recent SEC Filings
Nasdaq
Transfer Agent Verified IconTransfer Agent Verified

DAILY ADVANCERS
OTCQX Best Market Logo
SREMF
+ 35.73 %
OTCQX Best Market Logo
MKZR
+ 34.09 %
OTCQX Best Market Logo
GALKF
+ 30.00 %
OTCQX Best Market Logo
PBTHF
+ 24.52 %
OTCQX Best Market Logo
FFNTF
+ 23.42 %
Subscribe to Our Newsletter
Stay up to date on the latest company news, industry trends and regulatory changes that affect our markets and learn about members of our community.
Enter your email
SIGN UP
QUOTE
SYMBOL
OTCM
LAST
49.25
CHANGE
-0.19 (-0.38%)
BID
49.25
ASK
49.35
VOLUME
3015
TIME
15:57

Contact
Careers
Market Hours
Glossar

IDAI new 52 week low

IDAI new 52 week low

IDAI new 52 week low

I see there is forecast a turnaround for this company in terms of profitabiliy . The target forecast is $4/share.

They're getting their SG&A expenses under control and they are getting customers, mostly banks, to re-up on their service contracts. Good signs.

Float is under 10M shares.

Let's play in this sandbox for awhile.

thv

Trust Stamp announces the release of its new AI-Powered Age Estimation technology

Never dreamed I could get my basis down from $34.50 to under $6.00 with even more possibility of improving on that, yet somehow the value of these shares, despite all the good work the company has done, continues to fall. I have missed something in my DD.

ANYONE have a serious handle on why this is losing so much value?
Thv

SWEET!

Trust Stamp receives notice of a new patent issuance for AI-powered tokenization technology from the US Patent and Trademark Office

$IDAI -Receives notice of a new patent issuance for AI-powered tokenization technology from the US Patent and Trademark Office
👆Up 16.8% Pre-Market/Current Price $3.01

hellout there. the upside scale of this bus. is !!!! very early here

w e will have our day.. in a big way.. imo

added what i could this am....will be very patient here

still here..

IDAI up off the mat

thanks bro. i needed it

Hahaha it didn't good move today

Great day here WOOHOOOOOO

Today's PATENT-OF-THE-DAY runner --- works every time; no matter WHAT the industry, subject matter, gadgets, drugs, or whatever.

$IDAI Today's volume is already more than 2x all of yesterday's total volume in just an hour-plus of trading.🚀🚀

Nice hit. Now beware of a private offering or something like that. This CEO is addicted to screwing his stock. Fwiw

Runner!

WOOHOOOOOO WOOHOOOOOO

1.75

1.74 premarket

IDAI- Secured Biometric Identification and Verification Patent
👆Up 11% Pre-Market/ Current Price $1.36

Trust Stamp Receives Privacy-Secured Biometric Identification and Verification Patent

that gap is never getting filled..imo

Lol run where correction time lol come on gap fill

$IDAI Ready to Run Video coverage

I'll wait for the gap fill at .85 1hr 4hr stochastic overbought this will crash tomorrow

https://finance.yahoo.com/news/trust-stamp-announces-thirty-one-130000929.html

7 additional financial institutions, including the U.S. arm of a global institution with over 1,500 branches and assets in excess of $1.5T, are currently imple...

$IDAI- 👆Up 8.4% Pre-Market/ Current Price $0.92
Trust Stamp Announces a Thirty-One Percent Increase in its Financial Services Customer Base in the last six months

IDAI new 52 week low