Breaking Tech News: Nxt-ID (OTCQB: NXTD) Patents
Methods to Add Electronics to Make a Wallet Smart
SHELTON, CT - September 2, 2014 (Investorideas.com Newswire)
NXT-ID, Inc., (OTCQB: NXTD), a biometric authentication company focused on
the growing mobile commerce market, announced today that it has submitted a
patent application for methods to integrate intelligent systems into a wallet
to form a smart wallet. This patent primarily discusses mechanical methods and
approaches to add electronics to turn average wallets into smart wallets and
follows an earlier patent submission by the Company for a method to replace
traditional payment and identity management systems.
"This
patent reinforces our intellectual property position in the mobile and wearable
markets, especially in the area of smart wallets," states David Tunnell,
CTO of NXT-ID. "This invention details how various electronics, such as
touch screens, buttons,
batteries and microphones with voice recognition can be added to materials,
providing tight integration that enhances wallet functionality."
The patent also describes methods that
achieve an accessorized wallet where multiple styles of wallets can be
interchangeable to the base electronics.
"One of the key achievements of this
invention is the ability to accessorize the wallet with various accessory
options including methods to enhance the internal electronics as well as the
outer appearance," states David Tunnell. "This feature enables users
to customize their wallet by simply replacing the accessory. Users can now have
a minimalistic wallet accessory to go out on a run, for instance, and simply
replace it with another accessory style for dinner later that night. We believe
this achieves the world's first "accessorized wallet", and ushers in
a new generation of intelligent smart wallets that not only act as a vault to protect personal
information, but also act as a fashion statement for a variety of venues."
Wocket™ is a smart wallet, the next
evolution following the smart phone and smart watch. NXT-ID is introducing its innovative, patent-pending Wocket™ as the next
natural step in the evolution of smart devices. Wocket™ is a next generation
smart wallet designed to protect your identity and replace all the cards in
your wallet, with no smart phone required. The Wocket works anywhere credit
cards are accepted and only works with your biometric stamp of approval.
Read this release
in full at http://www.investorideas.com/CO/NXT/news/2014/09021.asp
Wocket™
is a smart wallet, the next evolution following the smart phone and smart
watch. NXT-ID is introducing its innovative, patent-pending Wocket™ as the next natural step in
the evolution of smart devices. Wocket™ is a next generation smart wallet
designed to protect your identity and replace all the cards in your wallet,
with no smart phone required. The Wocket works anywhere credit cards are
accepted and only works with your biometric stamp of approval.
Credit,
debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency,
medical, business, contacts, coupon, and virtually any card can be protected on
Wocket™. More than 10,000 cards, records, coupons, etc. and 100 voice commands
can also be stored on Wocket™.
The
full Wocket product FAQ is available to consumers and media at http://wocketwallet.com/pages/faq
About NXT-ID Inc. - Mobile Security
for a Mobile World
NXT-ID,
Inc.'s (OTCQB: NXTD) innovative MobileBio™ solution mitigates consumer risks
associated with mobile computing, m-commerce and smart OS-enabled devices. The
company is focused on the growing m-commerce market, launching its innovative
MobileBio™ suite of biometric solutions that secure consumers' mobile platforms
led by the Wocket™ ; a next generation smart wallet designed to replace all the
cards in your wallet, no smart phone required. The Wocket works anywhere credit
cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/
NXT-ID'
wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has
22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/ , http://3d-id.net/
Forward-Looking
Statements for NXT-ID
This
press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
reflect management's current expectations, as of the date of this press
release, and involve certain risks and uncertainties. Forward-looking
statements include statements herein with respect to the successful execution
of the Company's business strategy. The Company's actual results could differ
materially from those anticipated in these forward- looking statements as a
result of various factors. Such risks and uncertainties include, among other
things, our ability to establish and maintain the proprietary nature of our
technology through the patent process, as well as our ability to possibly
license from others patents and patent applications necessary to develop
products; the availability of financing; the Company's ability to implement its
long range business plan for various applications of its technology; the
Company's ability to enter into agreements with any necessary marketing and/or
distribution partners; the impact of competition, the obtaining and maintenance
of any necessary regulatory clearances applicable to applications of the
Company's technology; and management of growth and other risks and
uncertainties that may be detailed from time to time in the Company's reports
filed with the Securities and Exchange Commission.
Contact:
Investor
Inquiries:
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
ksmith@proactivecapital.com
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
ksmith@proactivecapital.com
Media: 800-665-0411
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Disclosure: As of June 2014,
NXT-Id renewed for five thousand per month and average of two thousand five
hundred 144 shares (cash equivalent) for news publication and marketing of
Wocket smart wallet. More info:
http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp
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