Trust Stamp Will Be Granted U.S. Patent No. 11,972,637 On April 30, 2024 Titled "Systems And Methods For Liveness-Verified, Biometric-Based Encryption."
Portfolio Pulse from Benzinga Newsdesk
Trust Stamp, a technology company specializing in biometric identity verification, announced it will be granted U.S. Patent No. 11,972,637 on April 30, 2024, for its 'Systems and Methods for Liveness-Verified, Biometric-Based Encryption.' This patent solidifies Trust Stamp's position in the market for secure and innovative identity verification solutions.
April 11, 2024 | 3:09 pm
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POSITIVE IMPACT
Trust Stamp's announcement of being granted a U.S. patent for its biometric-based encryption technology could positively impact IDAI's stock, reflecting the company's strong position in the innovative identity verification market.
The granting of a U.S. patent to Trust Stamp for its innovative biometric encryption technology not only enhances its product portfolio but also strengthens its competitive edge in the market. This development is likely to be viewed positively by investors, as it signals Trust Stamp's commitment to innovation and security in identity verification, potentially leading to increased investor confidence and a positive impact on IDAI's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90