Redrock Board Issues Statement on Forgame Holdings Limited’s Defamation of HumanCode AI



San Francisco, United States, June 21st, 2024, Chainwire

Redrock Biometrics, Inc. (“Redrock”) has issued a statement concerning false allegations made by Forgame Holdings Limited (“Forgame”) against HumanCode AI and Redrock. The Redrock board refutes the allegations of corporate theft and deception and condemns their public dissemination.

The Redrock Board of Directors has expressed its shock at Forgame’s release of factually distorted news issued on June 20. The board has further clarified that Forgame is a convertible bondholder with no equity stake in Redrock.

Redrock and HumanCode AI maintain a strategic partnership that is formalized through a signed IP and software licensing agreement with all fees duly paid. This collaboration is supported by the board, who highly value this partnership.

The board has initiated communication with Forgame with a view to clarify the facts and rectify the inaccurate information that has been published. The Redrock board has further stressed that it is resolute in supporting HumanCode AI to pursue all necessary legal actions to protect its legitimate rights.

About Redrock Biometrics

Redrock Biometrics, Inc. is the creator of PalmID, a patented palm-print based authentication software development kit and platform. PalmID is the first commercially-available solution combining high-performance, secure, contactless and affordable palmprint biometrics . The company was founded in 2015 and is headquartered in San Francisco. Partners include Mastercard (NYSE:MA), Qualcomm (NASDAQ:QCOM), NCR (NYSE:VYX), and NRI.

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This article was originally published on Chainwire


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