Breaking
Tech News: NXT-ID (OTCQB: NXTD) Announces Rechargeable Battery for its Wocket™
Smart Wallet
Assuming 5
payments a day, Wocket™ will not require recharging for over a year
SHELTON, Conn. - August 11, 2014 (Investorideas.com Newswire)
NXT-ID, Inc., (OTCQB: NXTD), a biometric authentication company focused on
the growing mobile commerce market, announced today that its Wocket™ Smart
Wallet will now contain a rechargeable battery with the calculated time between
charges for the average user at over a year.
"We
wanted to achieve something truly unique for our customers; something never
achieved before," states David Tunnell, CTO of NXT-ID, Inc. "We
developed Wocket™ with extremely efficient power management so that users never
have to worry about being without their wallet. Since Wocket™ does not depend
on any other device such as a cell phone; users can be assured they have a
smart wallet that always works."
Responding to customer feedback, NXT-ID
announced that it will include a rechargeable battery in its innovative Wocket™
Smart Wallet. Assuming 5 payments a day, Wocket™ will not require a recharge
for over a year. The low-power performance of Wocket™ not only achieves a
battery life 100x greater than that of other mobile devices, but also moves
NXT-ID one step closer to achieving its ultimate goal of battery-less
wearables.
"We listened to our customers' desire
for a rechargeable battery and responded with a solution that does not require
a recharge for more than a year for average use," says Gino Pereira, CEO
of NXT-ID, Inc. "Unlike any other mobile or wearable device, users will
have literally months of advance warning to charge their Wocket™. For a feature
rich wearable, with a touch screen, gesture control, multifactor authentication
including biometrics, Bluetooth Low Energy, and inductive and magnetic
features, this is quite an achievement."
Wocket™
is a next generation smart wallet designed to protect your identity and replace
all the cards in your wallet, with no smart phone required. The Wocket works
anywhere credit cards are accepted and only works with your biometric stamp of
approval.
Credit,
debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency,
medical, business, contacts, coupon, and virtually any card can be protected on
Wocket™. More than 10,000 cards, records, coupons, etc. and 100 voice commands
can also be stored on Wocket™.
Read this release
in full at http://www.investorideas.com/CO/NXT/news/2014/08111.asp
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 led by the Wocket™ ; a next generation smart wallet designed to replace all
the cards in your wallet, no smart phone required. 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 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:
Investor Inquiries:
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
Media: 800 665-0411
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Disclosure: As of June 2014,
NXT-Id renewed for five thousand per month and average of two thousand five
hundred 144 shares (cash equivalent) for news publication and marketing of
Wocket smart wallet. More info:
http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp
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