Update: Trust Stamp announces that it is filing a patent for an AI-based Age Estimation Calibration Algorithm
23 Mai 2024 - 7:59PM
Trust Stamp (Nasdaq: IDAI), the AI-powered, Privacy First Identity
CompanyTM announces that it is filing a patent for an AI-powered
process that improves the performance of biometric-based age
estimation algorithms. Increased regulatory pressure and the
proliferation of age-restricted content has produced a robust and
rapidly growing market for low-friction age verification.
Trust Stamp already offers an AI-based age estimation service,
having announced its product on March 13, 2024. With this new
algorithm, error rates in AI-based estimation are reduced, and
Trust Stamp will be able to more easily tailor results to complex
client requirements.
Dr. Norman Poh, Chief Science Officer of the Company, commented,
“This new patent application will represent Trust Stamp’s latest
innovation in age estimation. The algorithm builds on the Bayesian
framework to not only address the inherent uncertainty in
predicting human's age but also in ways that can reduce the effect
of over and under estimation had raw age values been used.
Moreover, the solution allows us to produce age category
probabilities that can be easily tailored to different clients’
requirements and even to target demographics, thus making the age
estimation much more reliable and targeted."
Andrew Gowasack, President of the Company, commented, “With this
new innovation, we fully expect our age estimation performance to
outpace legacy products. Calibration and categorization of
the AI outputs will be an attractive process improvement for
clients who are seeking a more accurate and customized solution for
online age estimation.”
Inquiries
Trust Stamp
Email: Shareholders@truststamp.ai
Andrew Gowasack,
President
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 in seven 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.
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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.
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