EMERGING TECHNOLOGY, CYBERSECURITY
Trust Stamp | September 29, 2022
T Stamp Inc. (“Trust Stamp” or the “Company”) (Nasdaq: IDAI, Euronext Growth: AIID ID), a global provider of AI-powered trust and identity services used globally across multiple sectors, today unveiled its new government-focused, privacy-first identity technology, Privtech™, and reports it has received registered trademark status for the Privtech solution by the US Patent and Trademark Office.
The technology provides four customizable levels of privacy protection using the Company’s existing Privtech Certified® structure and offers government agencies the ability to verify identity and protect against fraud, while minimizing the data collected and providing transparency as to its use.
“Privtech technology utilizes our patented irreversibly transformed identity token (IT2™), which allows users to be identified on a probabilistic basis without disclosing underlying biometric or other identity data. Within the Privtech Certified® structure there are four levels of privacy protection, of which Privtech Level Four is the most stringent with the entire enrollment and authentication processes taking place on the user’s own device, and only a randomized and encrypted one-time identifier ever leaving the device, Government agencies need to balance safe and efficient interaction with digital users against minimizing intrusion into the user’s privacy. Unlike the typical biometric systems in use today, Privtech Level Four does not require data intermediation by a private sector vendor and does not require the user to provide the agency with their biometric data. We have designed these solutions to meet the specific demands of government customers, which represent a very substantial and growing market opportunity. Ultimately, we believe that Privtech Certified products will define a new privacy-first approach to interacting with government agencies.”
-Gareth Genner, Chief Executive Officer of Trust Stamp.
Dr. Norman Poh, Chief Science Officer of Trust Stamp, stated, An IT2 can be created from virtually any modality of biometric together with most other types of identity data. In addition to the obvious benefit of privacy protection, the IT2 has numerous advantages when compared to legacy biometric templates, including computational efficiency, interoperability and cancelability.
The Company’s announcement is in the wake of substantial increases in technology-focused investments by government agencies including $80 billion in new funding for the Internal Revenue Service with a stated emphasis on improving taxpayer services and modernizing the agency’s technology and other infrastructure.
About Trust Stamp:
Trust Stamp, 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.
Avantus Federal | November 24, 2022
Lorton, VA and McLean, VA – QinetiQ US, a wholly owned subsidiary of QinetiQ Group plc, an integrated global defense and security company, announced today that it completed its acquisition of Avantus Federal (Avantus) from NewSpring Holdings for an enterprise value of $590 million.
The combination of QinetiQ US and Avantus creates a unique platform to offer comprehensive mission-led innovation for the most sensitive and complex challenges intelligence, defense, homeland, civilian, and other government customers face today. This transaction was previously announced August 5, and the transition is expected to be seamless for customers, partners, and employees.
This integration will combine QinetiQ’s leadership in robotics and autonomous systems, sensing, protection systems, and next-generation technology services with Avantus’ advantages in strategic planning, operations, and stakeholder collaboration in a host of government operations, including cyber, data, government facility, and outer space solutions. The combination will deliver mission-led innovation in hardware, software, and mission services to the growing needs of defense, intelligence, homeland security, and law enforcement organizations, along with civilian agencies in the United States and close-U.S. allied nations including the United Kingdom and Australia.
“I am delighted that we have completed the acquisition of Avantus today – it is a strategic milestone in our five-year ambition to build an integrated global defence and security company, delivering innovation for our customers’ mission, This acquisition extends our customer base, strengthens our capabilities and builds scale in the largest defence and security market in the world. With a strong track record of 10%+ growth at attractive margins, Avantus is a brilliant strategic and cultural fit and positions us to meet the increasing mission-critical needs of our US defence and intelligence customers with agility and pace.”
-Steve Wadey, Group Chief Executive Officer for QinetiQ Group plc.
Andy Maner, Chairman and Chief Executive Officer of Avantus, said the combination with QinetiQ US is key to providing more opportunities and growth for our people and customers. We started this journey with our great partner, NewSpring Holdings, and now we’re taking a critical step forward that allows our collective team to leverage additional scale and investments across our world class talent, technology, and processes at a pivotal time in our market and geopolitical landscape.
“We are thrilled to welcome our Avantus colleagues to QinetiQ US, Avantus’ elite talent, differentiated technology solutions, and dedication to mission complement our innovative culture. I am honored to lead a combined team that shares a focus on performance and a proven ability to be agile in impactful delivery at the speed of our customers’ missions.” QinetiQ is a leading science and engineering company dedicated to protecting lives and securing the vital interests of defense and security customers with distinctive offerings in experimentation and technology; cyber and information advantage; engineering services and support; robotics and autonomous systems; training and mission rehearsal; and, test and evaluation. This is complimented by the Avantus capabilities to leverage a strong consulting force to deliver technology, cyber, data, digital engineering and integration, intelligence analysis, and operations strategy and tactics to its clients, ensuring maximum efficiency and impact.
-Shawn Purvis, President and Chief Executive Officer of QinetiQ US.
About QinetiQ US:
QinetiQ US is a leading defense and security company in the United States providing mission-led innovation at pace. QinetiQ US is a provider of technologically advanced services and products to the US Department of Defence and national security agencies, positioned to deliver key aspects of the modernization required to address our customers’ pivot to counter near peer adversaries. QinetiQ’s engineering services span the DoD and Intel community providing subject matter expertise in the areas of communications, sensor integration and research and development, survivability and unmanned ground combat systems. QinetiQ US operates as the U.S. arm of QinetiQ Group plc (QQ.LSE), an integrated global defense and security company focused on innovation for defense, security and civil customers. QinetiQ US employees are based predominantly in Virginia and Massachusetts and operate under a Special Security Agreement (SSA) with the U.S. Defence Counterintelligence & Security Agency (DCSA). QinetiQ US is creating new ways of protecting what matters most; testing technologies, systems, and processes to make sure they work as expected; and enabling customers to deploy new and enhanced-existing capabilities with the assurance they will deliver the outcomes required.
About Avantus Federal:
Avantus Federal is a mission-focused data, cyber, and space services and solutions company. As a mid-market powerhouse with an intentional blend of elite talent, infrastructure, and speed to impact, Avantus and its approximately 1,150 highly cleared professionals lead with technical and domain expertise for its Defence, Intelligence, Homeland Security, and Federal Civilian customers.
Strategic Communications | September 16, 2022
Qtrac® by Lavi Industries, a world-leading provider of virtual queue management and appointment scheduling systems, today announced it is partnering with Strategic Communications, a certified woman-owned business enterprise (WBE) and reseller to U.S. government agencies, to provide best-in-class queue solutions for local, state and federal government offices.
"Qtrac identified Strategic Communications as a partner who had broad industry experience in IT, audio visual and cloud services deployments, and shared Qtrac's passion to innovate with a purpose by delivering the highest value in business solutions, Both Qtrac and Strategic Communications share a commitment to provide the very best products and excellent customer service to their clients, We look forward to expanding Qtrac's virtual queue platform to additional departments and services in Florida and across the country because of our partnership with Strategic Communications."
-Steve Covate, VP of Sales at Qtrac.
Since its founding, Qtrac has continually invested in its products and staff to deliver an ever-evolving solution and unsurpassed support to appeal to a broad and changing market. The partnership enables Qtrac to leverage Strategic Communications' extensive experience and knowledge in order to increase market share and build product awareness in the government, education, healthcare, and enterprise sectors.
"Strategic Communications sought a partnership with Qtrac to support a variety of government agencies with a best-in-class queuing and appointment platform that can be configured to benefit a wide range of government agencies and manage the complexity within them."
-Blake Kelly, cloud sales manager at Strategic Communications.
The partnership is already helping residents in Florida who need WIC (women, infants, and children) assistance. Qtrac's queue management solutions are being deployed by the Florida Department of Revenue to give them the ability to schedule their appointments for a time most convenient for them. Because of information gathered from citizens at the time appointments are made, workers will be prepared to deliver necessary products and services, increasing staff efficiency and reducing the amount of time recipients spend collecting needed supplies.
Qtrac® provides virtual queue management systems to companies of all sizes and across many different industries around the world. Its virtual queuing technology enhances the customer experience by focusing on the way people interact with businesses in order to eliminate lines, increase sales and improve service. Qtrac was founded by Lavi Industries, the premier provider of public guidance and crowd control solutions. Building on Lavi's 40+ years of experience and success in helping the world's leading companies effectively guide people in, through and out of their facilities, Qtrac helps organizations improve their operations by improving the customer journey.