Biometric Stock Alert: Nxt-ID, Inc. (OTCQB:NXTD) Announces Distribution Agreement With India's Voice of Big data (VOBD) for 3D FaceMatch™ Biometric Identification Systems

SHELTON, CT - October 29, 2013 (Investorideas.com biometrics/ defense stocks newswire) NXT-ID Inc. (OTCQB: NXTD) a biometrics company focused on the growing m-commerce market and its wholly owned subsidiary, 3D-ID, LLC, today announced an agreement with Indian/U.S.technology company, Voice of Big data (VOBD), to distribute its patented 3D FaceMatch™ biometric facial recognition identification systems in India.

3D FaceMatch™ will be added to Voice of Big data's current Facial Signature product line as part of its security and intelligence division. The technology will be targeted to retail markets, law enforcement, airports, government agencies, public and private organizations, product development centers and offshore development centers.
Voice of Big data reported to fytimes.com in August that it will be the first company in India to launch 3D facial recognition technology in India.
It was recently chosen as one of the top 10 promising technology startups in India by Nasscom's Emerge; (ET Times October 25th). The fast growing company has 65 employees comprising 20 data scientists and anticipates hiring 80 more by the end of the year.
Mr. Gino Pereira, Chief Executive Officer of NXT-ID, Inc., said, "Clearly, this is another milestone in our history as we continue to make solid progress as we implement our growth strategy. We are delighted to be partnering with VOBD in such an exciting developing market. India is at the forefront of the biometric revolution and with our combined expertise in 3D facial recognition and the ability to analyze large amounts of data very quickly I believe we can contribute substantially to biometric adoption here."
Srinivas Kishan Anapu, CEO of VOBD, reiterated that "the partnership with NXT-ID is a major strategic milestone for Voice of Big Data in the R&D space and for implementation of facial recognition solutions across industries globally. Additionally we see a huge value addition to our customers especially in India."
3D FaceMatch™ facial imaging solutions provide government, law enforcement and security agencies with fast, precise, automated and low-cost solutions for biometrically-accurate imaging of human faces in three dimensions. By acquiring the shape of a subject's face, together with a perfectly registered image, FaceMatch technology enables dramatic performance enhancements in human identification systems ranging from manual photo ID verification to automated facial recognition.
The global facial recognition market is estimated to grow from $1.92 billion in 2013 to $6.5 billion in 2018 according to a report earlier this year from http://www.marketsandmarkets.com/. Analysts forecast the biometrics market in India to cross USD 2 Billion revenues by 2018.
About Voice of Big data (VOBD)
Voice of Big data (VOBD) has its offices spread across US, UK, Australia and India. The company is incorporated with focus to provide sustainable BI solutions to clients. We have a highly dedicated team that constantly researches the trends in Bigdata, providing the most optimized solutions to the clients in BI space. At VOBD, Over 70% of Analytics is performed against Structured & Unstructured data. VOBD has invested in focused groups around tools & frameworks to provide client value-adds. This experience has helped VOBD build robust CoEs and reusable Frameworks for its customers. VOBD currently comprises of a Full time team of professionals from all domains and technologies related to Big data, BI and Analytics. VOBD has expertise across BFS, Insurance, Media, Manufacturing, Retail, Technology, Healthcare, Life Sciences and Utilities domains. http://voiceofbigdata.com
About NXT- ID Inc. - Mobile Security for a Mobile World
NXT-ID, Inc.'s (OTCQB: NXTD) 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. NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification 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.
Contact:
Corporate info: info@nxt-id.com
Investor Relations
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
Published at the Investorideas.com Newswire - Big ideas for Global Investors
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: this release was compensated for by NXTD as part of a monthly service for news publication and distribution and content marketing. (five thousand per month plus 144 shares)
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Biometrics Research; Goode Intelligence forecasts that the market for mobile biometric security products and services is set to grow and will generate over $8.3 billion revenue by 2018 The leading company in mobile security analysis, Goode Intelligence, has published a new market forecast report covering the mobile biometric security market which, driven by Apple's positive move with Touch ID, forecasts exceptional growth for the industry. full article http://www.investorideas.com/news/2013/biometrics/10281.asp Research Biometric stocks at Investorideas.com stock directory http://www.investorideas.com/BPS/Stock_List.asp

Biometric Stock Alert: Nxt-ID Inc. (OTCQB:NXTD) Files Patent for Digital Wallet Technology, the Wocket(TM)

SHELTON, CT - October 21, 2013 (Investorideas.com biometrics/ defense stocks newswire) NXT-ID Inc. (OTCQB: NXTD), a biometrics company focused on the growing mobile commerce market, announced today that it has submitted a patent application for its unique digital wallet technology. As a follow up to U.S. provisional patent application No. 61/710,826, NXT-ID has filed patent application 14/049175 for a:

METHOD FOR REPLACING TRADITIONAL PAYMENT AND IDENTITY MANAGEMENT SYSTEMS AND COMPONENTS TO PROVIDE ADDITIONAL SECURITY AND A DEVICE IMPLEMENTING SAID METHOD.
This patent forms the basis for NXT-ID's widely anticipated next generation payment and identity product -- the Wocket™.
"Rather than attempting to replace the wallet, as companies such as Google and Isis (founded by AT&T Mobility, T-Mobile USA and Verizon Wireless) are doing by putting contactless payment capability on smartphones, our method brings the wallet into the 21st century," said Gino Pereira, CEO of NXT-ID, Inc.
"We offer an alternative solution to those who do not wish to give up their wallet and market studies show that represents a significant portion of the population. We offer the modern wallet an electronic vault that is actually part of the wallet, securely protecting private information accessible only by the user via biometric enabled multi-factor authentication. What is unique about this invention is that it secures private information found within a typical wallet, such as credit cards, debit cards, identification information, medical information and records and makes this private information available to owners via an interface made so simple that anyone can use it as they would use their wallet today."
The Wocket™ requires unique biometrically enabled multi-factor authentication to ensure only owners and their private information can be copied into or out from the secure vault wallet device and on to the dynamically programmable magnetic stripe NXTCard. Authenticated users may then select payment information, via touch display or voice command and use the NXTCard as they would any other magnetic stripe credit or debit card.
There is an added advantage in that the NXTCard replaces multiple cards that are currently kept in the wallet with a single secure card.
"This patent is the first of many we plan to submit regarding our wearable identity technologies that bring full control and protection of private data to authenticated owners of the data," said David Tunnell CTO of NXT-ID. "In the coming months, we plan to increase our portfolio of intellectual property with other patents that further promote protection of private data with innovative, easy to use mobile and wearable technologies that conform to how users naturally use devices today."
About NXT- ID Inc. - Mobile Security for a Mobile World
NXT-ID, Inc.'s (OTCQB: NXTD) 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. NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification 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.
Contact:
Corporate info: info@nxt-id.com
Investor Relations
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
Published at the Investorideas.com Newswire - Big ideas for Global Investors
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: this release was compensated for by NXTD as part of a monthly service for news publication and distribution and content marketing. (five thousand per month plus 144 shares)
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Biometric Stock Alert: Nxt-ID Inc. (OTCQB:NXTD) Mobile-Bio Technology Holds the Key to Mobile Commerce

BOSTON, MA - October 15, 2013 (Investorideas.com biometrics/ defense stocks newswire) SoundView Technology Group: New report highlights an emerging technology company, NXT-ID Inc. (OTCQB: NXTD), as a provider of "Mobile-Bio" technology to enable mobile commerce industry-wide.

The lack of robust security is one of the chief obstacles holding this market back. Technology leaders like Apple have been making acquisitions (like AuthenTec for $350M in July of 2012) and filing patents to attempt to provide some of these features on the iPhone.
Passwords have become the joke of the information security industry since they offer no real protection in most cases. Biometric techniques must incorporate multiple factors to be secure and easy to use. Combinations of fingerprint, facial recognition, voice and big data analysis will be the essence of future secure consumer systems, for mobile in particular.
NXT-ID (NXTD) had developed a platform of "Mobile-Bio" technologies the address the needs of this market which include:

1. Mobile-Bio FaceMatchTM - 2D, 3D and pseudo-3D methods to perform facial recognition.
2. The WocketTM - a new class of biometrically secure mobile devices designed to replace the traditional wallet.
3. Mobile-Bio SensorTM - a simple, web-enabled, biometric-enabled external device that is used for local authentication and remote authentication with the BioCloud and/or remote servers.
4. VoiceMatchTM - a unique biometric-enabled method to add multi-factor biometric identifiers (both speech and speaker recognition) to Dynamic Pairing Codes using a simple low-power embedded processor on an external device.
5. Mobile BioCloudTM - a cloud-based end-point (authentication service) to authenticate any "end-point" along a communication path, including external biosensors.

According to the authors of this report, Stephen Waite and Kris Tuttle, "NXT-ID biometric security products target a broad market opportunity space that includes m-commerce, enterprise, law enforcement, defense and Homeland Security."
NXT-ID is an early stage technology company going after a large market. Based on initial traction and a conservative intrinsic valuation (IV) model show a fair value of $10.90/share we see the company continuing to benefit from intensive investor attention to this space.
Our full report is available here: http://s3.amazonaws.com/ Published_Research/ NXT-ID_NXTD_Report_ Oct_15_2013.pdf
About SoundView Technology Group
We are an independent advisory and research firm specializing in emerging technologies as they reach commercialization. Our proprietary research and modeling work provides valuable information for company management teams and investors in these emerging opportunities. We regularly publish our findings across a variety of channels including all the major retail and institutional information outlets. SoundView is based in Boston, Massachusetts with locations in New York and Connecticut.
Disclosures
SoundView analysts do not receive compensation for their research opinions, any specific views or conclusions. They are tasked to provide fact-based research with sound analysis. SoundView does not provide investment advice or make "buy/sell/hold" recommendations. Nor do we provide investment banking or brokerage services. We act as a publisher of our own research work and are responsible for all content. From January 2013 to July 2013 SoundView provided paid advisory services NXT-ID on their business plans, company description and investor positioning.
Contact:
Any questions please contact:
Kris Tuttle
Director of Research
SoundView Technology Group
617-828-6462
About NXT- ID Inc. - Mobile Security for a Mobile World
NXT-ID, Inc.'s (OTCQB: NXTD) 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. NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification 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.
Contact:
Corporate info: info@nxt-id.com
Investor Relations
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
Published at the Investorideas.com Newswire - Big ideas for Global Investors
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: this release was compensated for by NXTD as part of a monthly service for news publication and distribution and content marketing. (five thousand per month plus 144 shares)
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Game Changing Technology – 3-D Printer and Biometric Stocks

New York, NY, Point Roberts, WA - October 10, 2013 (www.investorideas.com newswire) Investorideas.com, an investor research portal specializing in sector research for independent investors updates its technology stocks directory with a list of 3-D Printer Stocks and biometric stocks.

The biometrics sector continues to heat up following news of a $225 acquisition by Synaptics Inc. (NASDAQ: SYNA).
Synaptics Inc. (NASDAQ: SYNA) announced it signed a Definitive Agreement to acquire Validity Sensors, Inc., a leading provider of biometric fingerprint authentication solutions for smartphones, tablets and notebook PCs. With the acquisition of Validity, Synaptics expects to gain access to the fast growing biometrics market, significantly expanding its market opportunity and underscoring the company's commitment to making smart devices easier to use.
Synaptics will pay approximately $92.5 million in stock and cash at the closing plus potential performance payments over a multi-year period for total potential consideration of up to $255.0 million.
Biometrics and fingerprint sensing is poised for explosive growth as OEMs look to differentiate their products, and consumers demand greater security with seamless ease-of-use. Synaptics believes the acquisition of Validity positions the company at the forefront of this exponential growth opportunity and allows the company to strengthen its portfolio of touch-based technologies with the diversification into fingerprint-sensing capabilities.
"Biometrics has long been of interest to Synaptics as it complements our existing touch-based solutions and offers an exciting new way to interact with devices," said Rick Bergman, President and CEO, Synaptics. "We are thrilled to be adding the world class Validity team to the Synaptics family. This acquisition is a significant step forward for the company and serves as a proof point of our dedication for continued growth, innovation and commitment to providing the industry's best and broadest portfolio of human interface solutions."
Additional technology stock directories at Investorideas.com include social media stocks and cloud computing stocks. Other sectors include water stocks, renewable energy stocks and biotech stocks.
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Biometrics stocks - http://www.investorideas.com/BPS/Stock_List.asp
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Inside the Biometrics Sector, Q&A Strategy and Market News For NXT-ID (NXTD), Apple (AAPL), Google (GOOG), Hewlett-Packard (HPQ) and Facebook (FB)

Coral Springs, Florida - October 10, 2013 (www.investorideas.com newswire) Entertainment and financial news alert – Mr. Verdi adds, "I have been a successful business man and I have attached big names to my movies in the past, from actors to producers and musical artists like Paul McDonald from American Idol fame –but I still get excited about game changing technology."

Market news updates, and due diligence strategies on today's leaders in the Technology sector: NXT-ID (OTCQB: NXTD), Apple Inc. (NASDAQ: APPL), Google (NASDAQ: GOOG), Hewlett-Packard Co. (NYSE: HPQ) and Facebook Inc. (NASDAQ: FB).
FN Media Group (FNM) is pleased to publish a follow up interview with Rhode Island investor, business man and award winning movie producer Chad A. Verdi. In October 2011, Mr. Verdi made a $ 1 Million offer for the Amanda Knox movie rights through his production company, Verdi Productions. Following his due diligence he formally withdrew his offer. Mr. Verdi discusses his due diligence process for investing in both film and the technology sector. Mr. Verdi focus is on biometrics, which is forecasted to grow to a sustainable market of greater than $10 Billion annually by the year 2017.
Q: FNM
Mr. Verdi, reading previous news from your company, you had already secured financing for the Untitled Knox Project, if a deal had been reached. Your s plans were to make a seven-figure pay-or-play offer to Natalie Portman to play Amanda. You then withdrew the official offer of One Million Dollars (U.S. $1,000,000) for Amanda Knox's life rights stating you felt there was more to the story and Amanda would be forced back to Italy and retried. Now that you see all this coming to fruition, can you explain your reasons and due diligence process?
A: Chad A. Verdi
As I said when I formally withdrew the offer, "after reviewing all the information we had involving the Knox case, we had decided it was not the inspirational feel good story that VP was looking for and we withdrew our offer. “ . I had a team of about twenty students doing the background and due diligence and the story did not pass our scrutiny.
Q: FNM
In our previous interview you discussed your recent investment in NXT- ID Inc (NXTD), a company with m-commerce mobile biometric voice recognition technology. Now that you are seeing all the buzz around Apple's (AAPL) Touch ID fingerprint technology and the news that Android (GOOG) will be introducing biometrics in the next six months, do you feel that your investment due diligence, investing in NXT- ID ahead of all this news validates your due diligence ?
A: Chad A. Verdi
Yes I do. I think the company is two years ahead of everyone else and was launched as a public company at the right time in the right sector. I think when the technology is introduced to the media, analyst and investors- they will be as excited and convinced as I am.
Q: FNM
Some big deals are happening in the facial recognition space as well - something NXT- ID has entered with its subsidiary 3D-ID LLC. I understand the company has 22 patents. With companies like Facebook (FB) talking about facial recognition and Hewlett-Packard Company (HPQ) just announcing a huge deal with the Department of Homeland Security for biometrics that included both facial and voice recognition - how do you biometrics technology rolling out ?
A: Chad A. Verdi
I agree with most of what the leading analysts are saying - Apple's implementation is the just the beginning and they making biometrics mainstream. And that is why I invested in and then became the largest shareholder in NXT-ID. Like I stated prior to you, I own Apple Yahoo etc, I believe NXT-ID can become what those companies are today.
Q: FNM
Recently it was stated you are working with two Oscar winning producers Martin Scorsese and Bruce Cohen on your next project, Bleed for This, the inspirational true story of World Champion Boxer Vinny Pazienza.
A: Chad A. Verdi
Yes, that is very, very cool and I don't sleep at night. Like Bleed for This, NXT-ID keeps me up all night, they are both game changers and both have huge potential The one difference I feel is that NXT-ID products will one day be used by most if not all humans, it can be that big,
About the Verdi Productions and Woodhaven Production Company:
Both Verdi Productions and The Woodhaven Production Company are fully funded film production companies, covering all aspects of filmmaking from conception of script through postproduction. http://www.woodhavenfilms.com/ , http://www.verdifilms.com/
Additional biometrics news for Apple, Inc. (AAPL), Facebook, Inc. (FB) and Google, Inc. (GOOG) have all recently revealed plans to incorporate Facial Recognition and Touch Fingerprint technology. The facial recognition sector is forecasted to reach a value of $3.5 billion by 2015, while the fingerprint sector is scheduled to reach a value of $6.6 billion the same year.
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Biometric Stock Alert: Nxt-ID Inc. (OTCQB:NXTD) Provides update on the Wocket™ and 3D FaceMatch™ Systems.

SHELTON, CT - October 8, 2013 (Investorideas.com biometrics/ defense stocks newswire) NXT-ID Inc. (OTCQB: NXTD), a biometrics company focused on the growing mobile commerce market, today announced that it has issued the following product update for the Wocket™ and 3D FaceMatch™ Systems.

Mr. Gino M. Pereira, CEO of NXT-ID Inc., notes, "NXT-ID is building an innovative, next generation information security platform using advanced biometric technology to enable secure transactions, identity management, and access control via mobile and other devices in an intuitive, cost-effective and easy-to-use manner. NXT-ID is creating a new paradigm in information security."
He also added, "At the heart of NXT-ID's new paradigm is real-time, dynamic, multi-factor biometric authorization that is user friendly and extremely difficult to hack, thus providing greater security beyond conventional security systems. This system combines multiple attributes that are unique to each user such as face, voice, fingerprint, and retina with multiple attributes that are unique to other identifiable features, such as devices and accounts, to form an impenetrable security solution. By introducing this new paradigm, NXT-ID hopes to shatter the conventional User/Password structure that currently exists."
"The market opportunity for NXT-ID's biometric security products is significant. The Wocket™ alone has a target market of nearly $1B in the U.S. The opportunity will expand across multiple segments, given that the company's products target consumers, enterprise and government agencies in the U.S. and overseas."
NXT-ID's expertise in biometrics, along with its growing patent portfolio of cutting edge technology, gives the company a solid foundation upon which to make the new security paradigm a reality in the marketplace. The product roadmap is ambitious with several new security products scheduled for release in the months ahead, all of which are based off of the company's Mobile-Bio™ platform. NXT-ID is using its Mobile-Bio™ platform to commercialize a range of next generation security products targeted at a range of applications that extends across multiple segments. These products include:
1. The Wocket™ - a new class of biometrically secure mobile devices designed to bring the traditional wallet into the 21st century by providing the functionality of a wallet and incorporating a touch screen and a single dynamically programmable card to use for credit, debit and any other magnetic stripe functions.
2. Mobile-Bio FaceMatch™ - 2D, 3D and pseudo 3D methods to perform facial recognition. Additionally, NXT-ID is seeking to incorporate its patent pending "FacePassword" as a method to add multi-factor face and face movement to Dynamic Pairing Codes using simple low-power embedded processor on an external device (biosensor), such as a Wocket™, that then connects to other end-points using Dynamic Pairing Codes.
3. Mobile-Bio Sensor™ - a simple, web-enabled, biometric-enabled external device that is used for local authentication and remote authentication with the BioCloud™ and/or remote servers.
4. VoiceMatch™ - a unique biometric-enabled method to add multi-factor biometric identifiers (both speech and speaker recognition) to Dynamic Pairing Codes using simple low-power embedded processor on an external device (e.g., BioSensor), such as the Wocket™, that then connects to other end-points using NXT-ID's Dynamic Pairing Codes.
5. Mobile BioCloud™ - a cloud-based end-point (authentication service) to authenticate any "end-point" along a communication path, such as external biosensors such as the Wocket™ and/or other PCs or servers along the path. A dynamic pairing code is sent to the BioCloud™ where it is combined with other "identifiers" (such as device serial number, master key, wallet key, dynamic pairing keys, Firmware key) dynamically (per NXT-ID's proprietary algorithm that selects which identifiers are used when) to issue a response, which is the compared by each end-point.
NXT-ID's Mobile-Bio™ platform is diverse and contains a host of proprietary, next generation security technologies. The diversity of the platform is a key asset. It reflects the experience and depth of the company's management and software developers in biometric technology. The platform enables NXT-ID to produce a range of innovative products incorporating proprietary methods targeted at different applications and market segments that includes m-commerce, enterprise, law enforcement, defense and Homeland Security.
NXT-ID plans to develop and foster market niches targeted at consumers and small business while continuing to serve the law enforcement and defense markets.
The Company is currently testing its 3D FaceMatch system for law enforcement with Palm Bay Police in Florida and is ruggedizing the system for real world conditions. This work is expected to be completed by the end of November 2013 and the 3D facial recognition system is anticipated to be launched for sale to law enforcement and corporations desiring secure access control in December 2013. The Company has hired an in-house sales representative to facilitate demonstrations and sales.
The Wocket development is proceeding well and several key modules have been completed. A manufacturing prototype is anticipated to be completed by December 2013 and sales of this product are expected to commence in the first quarter of 2014. The Company is taking a segmented approach to this very large consumer market and targeting 3 niche markets initially;
a) Students at colleges and universities
b) Organizations that offer members identity protection services, and
c) Banks that wish to offer premier customers a novel, advanced, secure method of payment
About NXT- ID Inc. - Mobile Security for a Mobile World
NXT-ID, Inc.'s (OTCQB: NXTD) 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. NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification 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.
Contact:
Corporate info: info@nxt-id.com
Investor Relations
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
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