Unlocking Success: Trust Stamp’s Exciting Partnership Set to Bring in $4.3M in Revenue by 2025!
Atlanta, GA, Jan. 06, 2025 (GLOBE NEWSWIRE)
Trust Stamp (Nasdaq: IDAI), a global provider of AI-powered technologies, has announced a strategic transaction with Qenta Inc. (“Qenta”). Under the arrangement, Qenta is spinning its Goldstar KYC technology off into a newly formed subsidiary, QID Technologies LLC (“QID”), with Trust Stamp having a 10% ownership interest in the new entity. In parallel, Trust Stamp has provided a non-exclusive license of its AI-powered identity technologies to QID in return for a single $1m license fee receivable in three installments over Q1 of 2025. QID is also contracting with Trust Stamp for business development, product development, and product operations for identity and privacy services and solutions in return for monthly service fees starting January 1st, 2025, and capped at $3.6m annually. As Trust Stamp is a 10% equity holder in QID, the projected $3.6m in billed revenue would result in a net cash inflow of $3.3m.
How Will This Affect Me?
This new partnership between Trust Stamp and Qenta Inc. can have a positive impact on individuals who value data privacy and security. With the development of advanced identity technologies, there may be enhanced solutions for safeguarding personal information and ensuring secure transactions online. As a consumer, you may benefit from more reliable and efficient identity verification processes, leading to a safer online experience.
How Will This Affect the World?
The collaboration between Trust Stamp and QID Technologies LLC could potentially revolutionize the way businesses handle identity and privacy services globally. With AI-powered technologies at the forefront, there may be a shift towards more sophisticated and reliable solutions for identity verification and data protection. This could have far-reaching implications for industries that rely on secure transactions and privacy compliance, ultimately setting a new standard for digital security on a global scale.
Conclusion
In conclusion, Trust Stamp’s partnership with Qenta Inc. and the formation of QID Technologies LLC marks a significant step towards innovation in the field of identity and privacy services. With the projected revenue of $4.3m by 2025, this collaboration has the potential to not only benefit individuals in terms of data security but also revolutionize digital identity verification practices worldwide.
