Breaking #Healthcare #Tech
News - NXT-ID (NASDAQ: $NXTD) Subsidiary LogicMark Expands Retail
Distribution of its Personal Emergency Response Systems
Company adds Notifi911 to BestBuy.com
and increases products available on Walmart.com (NYSE: $WMT)
SEBASTIAN, Florida, April 25, 2019 –(Investorideas.com
Newswire) LogicMark,
LLC, a wholly owned subsidiary
of NXT-ID, Inc. (NASDAQ: NXTD), today announced that Notifi911, the company’s newest Mobile Emergency
Response pendant, is now available on BestBuy.com. The wearable pendant
connects users to 911 at the touch of a button, allowing them to speak directly
to a 911 operator anywhere cellular service is available without a monthly fee
or annual contract. Notifi911 provides a direct emergency medical alert line to
911 operators, giving users the peace of mind of knowing they can call for
emergency assistance when they need it.
In addition to
launching the sale of Notifi911 on BestBuy.com, LogicMark also increased the retail distribution of its
personal emergency response systems by adding its Freedom
Alert product to Walmart.com, expanding its offerings on that major on-line
marketplace.
Read this in full at https://www.investorideas.com/CO/NXT/news/2019/04251LogicMark-PersonalEmergencyResponseSystems.asp
“The addition of BestBuy.com further expands our
direct-to-consumer retail strategy within the fast growing PERS market,” said
Stanley Washington chief revenue officer and president healthcare for NXT-ID,
Inc. “We are seeing strong demand from consumers who want a choice and the
comfort of reaching emergency assistance without the financial burden of a
monthly fee and annual contract.”
Notifi911 is
a self-contained unit that does not require a base station, landline or
cellular plan. 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. It is
now available on BestBuy.com
and Walmart.com
(NYSE:
WMT)
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’s FreedomAlert
personal emergency response system is also now available on Walmart.com.
LogicMark has
a successful history of offering PERS devices to those aging in place
and with medical conditions providing them with 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.. 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
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 and 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. Learn more about
NXT-ID at www.nxt-id.com. FitPay and the FitPay 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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