Trust Stamp has entered into a strategic partnership with Qenta Inc., resulting in the establishment of a new subsidiary, QID Technologies LLC, dedicated to advancing Goldstar KYC technology. Trust Stamp will hold a 10% equity stake in QID and has granted a non-exclusive license for its AI-driven identity technologies in exchange for a $1 million fee. Furthermore, QID will retain Trust Stamp to provide business development and product-related services, with annual revenue potential capped at $3.6 million.
Source: www.globenewswire.com