NXT-ID, Inc. (NASDAQ:
$NXTD) Demonstrates New Module for IoT Devices at the Consumer Electronics
Show, 2017
MELBOURNE,
Florida - January 9, 2017 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ:NXTD) (NXTDW) ("NXT-ID" or the
"Company") a security technology company, announces that, in
cooperation with Nordic Semiconductor, ASA. (NOD.OL), the Company demonstrated
a miniature module within a wearable smart band to enable devices powering the
IoT (Internet of Things). The "IoT Stamp" is an intelligently
connected electronics module that is small enough and low power enough to fit
within most devices, even a smart card or a watch band. Key functionality
includes patent pending ultra-low power "buttonless" wake-up, motion
activation, and personalized services including identification services,
multi-factor biometric authentication, and payment technologies including
Near-Field Communications(NFC) and wireless magnetic stripe (Wi-Mag).
Gino
Pereira, Chief Executive Officer of NXT-ID stated, "The "IoT
Stamp" enables a new class of "intelligently-connected" devices
that only connect to the internet when required and utilizes our patented
dynamic pairing technology to secure communications between devices. We believe
this is the first time Bluetooth Low Energy (BLE) and NFC technologies have
been integrated on the same chip which was supplied by Nordic. This module,
once fully developed, will be made available for sale to manufacturers of
products that require highly capable, miniature, low power electronics for
communication and payments.
About NXT- ID Inc. - Mobile
Security for a Mobile World
Nxt-ID,
Inc. (NASDAQ: NXTD) is a security technology Company providing security for
finance, assets and healthcare. The Company's innovative MobileBio® solution
mitigates risks associated with mobile computing, m-commerce and smart
OS-enabled devices. With extensive experience in biometric identity
verification, security and privacy, encryption and data protection, payments,
miniaturization and sensor technologies, the Company partners with industry
leading companies to provide solutions for modern payment and the Internet of
Things ("IoT") applications. The Company's wholly owned subsidiary,
LogicMark, LLC, manufactures and distributes nonmonitored and monitored
personal emergency response systems ("PERS") sold through the United
States Department of Veterans Affairs ("VA"), healthcare durable
medical equipment dealers and distributors and monitored security dealers and
distributors. http://nxt-id.com/
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.
NXT- ID Inc Contact:
Media:
SOURCE
NXT-ID, Inc
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