Nxt-ID (NASDAQ: $NXTD) Subsidiary LogicMark Expands
Retail Sales of Notifi911 PERS Product with
Walmart.com (NYSE: $WMT)
The company’s Personal
Emergency Response System now available online through national retailer
SEBASTIAN, Florida, February 21, 2019 – (Investorideas.com Newswire) LogicMark, LLC, a wholly owned
subsidiary of Nxt-ID, Inc. (NASDAQ: NXTD), today announced the expansion direct-to-consumer sales of
Notifi911, the Company’s retail Personal Emergency Response (PERS) device. Notifi911, LogicMark’s newest Mobile Emergency Response pendant, connects
users to 911 at the touch of a button on the wearable pendant allowing them to
speak directly to a 911 operator anytime and anywhere there is cellular
service. The product is now available for direct-to-consumer sales
through Walmart.com and can be purchased at www.walmart.com/ip/Notifi911-Mobile-Medical-Alert-Pendant/190036398.
“Adding Walmart.com to our national retail distribution of Notifi911 will greatly
increase the availability of this valuable personal safety device for
consumers,” said Stanley Washington chief revenue officer and president
healthcare for NXT-ID, Inc. “We are pleased to expand the direct-to-consumer
sales of a product that provides safety, security and peace-of-mind at a
fraction of the cost of monitored alert systems."
Notifi911 is a self-contained unit that does not require a base station,
landline or cellular plan, follows extensive in-store trials. There is no
annual contract, no monthly charges and no monitoring fees to use the
device, which offers a distinct value proposition and disruption over
other monitored devices currently on the market by providing
consumers with a product at less than 10 percent of the cost over the lifetime
use of monitored devices offered by competitors. The Notifi911 pendant is fully
rechargeable with a standby time of 3 months when fully charged. The robust
design of the Notifi911 allows the pendant to get wet so it can be carried and
used during outdoor activities and during heavy rain. LogicMark offers a
one-year limited warranty on Notifi911.
Nxt-ID
continues to be a market leader in developing groundbreaking technology in
personal emergency response, home healthcare and IoT products and
applications which offer low cost solutions that improve the lives of veterans
and consumers by offering greater product mobility, security, safety
and data connectivity.
LogicMark has
a successful history of providing PERS devices to those aging in
place and with medical conditions the ability to call 911 or to alert family
and friends to an emergency with the simple touch of a button. The Company is a
leading provider of medical alert systems that offer this emergency service
without a monthly fee or annual contract. LogicMark offers
both monitored and non-monitored PERS devices. Prior to the retail launch of Notifi911, the Company’s devices were primarily sold through dealers and
medical devices distributors. LogicMark is currently the major
provider of PERS to the United States Department of Veterans Affairs (VA)
through direct relationships with individual VA hospitals.
About
Nxt- ID, Inc.
Nxt-ID, Inc. (NASDAQ: NXTD) provides a comprehensive platform
of technology products and services that enable the Internet of Things (IoT). With
extensive experience in access control, biometric and behavior-metric identity
verification, security and privacy, encryption and data protection, payments,
miniaturization and sensor technologies, Nxt-ID develops and markets
groundbreaking solutions for payment and IoT applications. Its industry-leading
technology products and solutions include MobileBio®, a suite of biometric solutions that secure consumers'
mobile platforms, the Wocket™, a next-generation smart wallet and the Flye, a digital credit card developed in collaboration
with WorldVentures.
Nxt-ID includes three mobile and IoT-related
subsidiaries: LogicMark, LLC, a
manufacturer and distributor of non-monitored and monitored personal emergency
response systems ("PERS") sold through dealers/distributors and the
United States Department of Veterans Affairs; Fit Pay, Inc., a proprietary technology platform that delivers end-to-end
solutions to device manufacturers for contactless payment capabilities,
credential management, authentication and other secure services within the IoT
ecosystem, and 3D-ID LLC, which
is engaged in biometric identification and authentication. Learn more about
Nxt-ID at www.nxt-id.com. Fit Pay and the Fit Pay Payment Platform are the
sole property of Fit Pay, Inc. For Nxt-ID
Inc. corporate information contact: info@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.
Media Contacts:
Chris Orlando
+1-760-468-7273
D. Van Zant
+1-800-665-0411
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