San Francisco, United States, June 21, 2024, Chainwire
Redrock Biometrics, Inc. (“Redrock”) has issued a statement regarding false allegations made by Forgame Holdings Limited (“Forgame”) against HumanCode AI and Redrock. Redrock's board of directors rejects accusations of corporate theft and deception and condemns their public dissemination.
The Redrock Board of Directors has expressed surprise at Forgame's publication of distorted news published on June 20. The board has further clarified that Forgame is a holder of convertible bonds with no equity stake in Redrock.
Redrock and HumanCode AI maintain a strategic partnership that is formalized through a signed software and intellectual property license agreement with all fees duly paid. This collaboration has the support of the board of directors, who highly value this partnership.
The board has initiated communication with Forgame in order to clarify the facts and rectify the inaccurate information published. Redrock's board of directors has further stressed that it is determined to support HumanCode AI to take all necessary legal actions to protect its legitimate rights.
About Redrock Biometrics
Redrock Biometrics, Inc. is the creator of PalmID, a proprietary palm print-based authentication software development kit and platform. PalmID is the first commercially available solution that combines high-performance, secure, contactless and affordable fingerprint biometrics. The company was founded in 2015 and is headquartered in San Francisco. Partners include Mastercard (NYSE:), Qualcomm (NASDAQ:), NCR (NYSE:), and NRI.
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Contactmarketing directorSteve Rockman[email protected]
This article was originally published on Chainwire.
