Breaking Tech News: NXT-ID (Nasdaq:NXTD; NXTDW) Releases New
Wocket Smart Wallet Video; Testing Underway In Florida as Wocket Prepares to
Ship to Consumers
OXFORD,
CT - March 11, 2015 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ: NXTD), a biometric
authentication company focused on the growing mobile commerce market, releases
a new Wocket smart wallet video featuring David Tunnell, Chief Technology
Officer of NXT-ID. Set in the manufacturing facility in Florida, David explains
the benefits and features of the Wocket, currently undergoing testing and being
shipped to consumers this spring.
As
new competition enters the secure payment and mobile payment technology market,
David explains, "A big difference between Wocket and other approaches, is
that it stands alone, not dependent on any other device or network where
hackers frequently attack. Your private data belongs to you and only you, and
no one can access it but you, with multi-factor authentication that proves you
are who you say you are."
Mr.
Tunnell also goes on to say," One thing that makes our card different is
that you can lose it. Unlike other approaches, we make our smart card
purposefully blank by forcing it to erase itself after a successful swipe, or
after 5 minutes in case the card never gets swiped. So you never need to worry
about your card being stolen."
He
also tells consumers, "Wockets are being built here in central Florida and
we are on schedule to deliver Wockets this spring as we complete our testing.
Our magnetic stripe and bar code works at every point of sale system we have
tested so far."
Wocket is
a 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.
All your
credit, debit, loyalty, gift, ID, membership, insurance, tickets, medical
information, passwords, coupons, and virtually any other card can be protected
on Wocket.
About NXT- ID Inc. - Mobile
Security for a Mobile World: (NXTD) (NXTDW):
NXT-ID,
Inc.'s 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
Wocket™; a next generation smart wallet designed to replace all the cards in
your wallet, no smart phone required. Wocket was recognized as one of the top
technology products at CES 2015 by multiple media outlets including Wired.com.
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 and
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.
Contacts:
Media:
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