Breaking Biometric News: NXT-ID, Inc. (Nasdaq:NXTD;
NXTDW) Announces Participation as Member of Team Battelle for TIES Contract
Award
OXFORD,
Conn. - May 20, 2015 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ:
NXTD; NXTDW)
("NXT-ID" or the "Company") announces that its wholly owned
subsidiary, 3D-ID LLC, a company engaged in biometric identification is an
official contractor under Team Battelle for the biometrics technology portion
of the recently awarded TIES (Technical Information Engineering Services)
Unrestricted Suite Contract from the Department of the Army.
3D-ID LLC has a
suite of 3D facial recognition products developed for government, law
enforcement and security agencies.
Gino Pereira, Chief
Executive Officer said, "We are very proud to be part of Team Battelle and
contributing our expertise in biometric technologies. This award is the
culmination of 2 years hard work by many parties involved. Although the
Company's primary focus has been on our biometric smart wallet, the Wocket®,
currently being shipped to our pre-order customers, we have continued to
develop opportunities for our core biometric products. We look forward to
supporting Battelle on future task orders."
The contracts were
awarded on 08 May 2015, and include nine total awardees. The estimated total
contract value of the entire TIES program is $994M. This IDIQ contract will be
Task Order driven and Task Orders under the Unrestricted Suite will be issued
on a Full and Open Competition Basis among all nine Awardees.
The work conducted
under TIES will span multiple areas of interest supporting the Information and
Intelligence (I2WD) mission including Biometric Enabled Intelligence (BEI).
I2WD is the Intelligence and Information Warfare Directorate which is part of
the US Army's Communication's-Electronics Research, Development and Engineering
Center (CERDEC).
Read this release
in full at http://www.investorideas.com/CO/NXT/news/2015/05201.asp
About Battelle
Every day, the
people of Battelle apply science and technology to solving what matters most.
At major technology centers and national laboratories around the world,
Battelle conducts research and development, designs and manufactures products,
and delivers critical services for government and commercial customers.
Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the
national security, health and life sciences, and energy and environmental
industries. For more information, visit www.battelle.org.
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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