NXT-ID Inc. (Nasdaq: NXTD; NXTDW) Officially
Unveils New Wocket Smart Wallet at 2015 International CES
Offers
convenient, secure and stylish option to replace your wallet;
CES
marks first time Wocket will be publicly available for demonstration
OXFORD, CT, January 5, 2015 – NXT-ID Inc. (NASDAQ: NXTD) ("NXT-ID" or the
"Company"), a biometric authentication company focused on the growing
mobile commerce market, announces that it will be officially debuting its new
Wocket® smart wallet at the 2015 International CES in Las Vegas, January 6–9,
2015 (Booth #21926 in South Hall 1, lower level, LVCC). The Wocket will also be
previewed to select media at Digital Experience on January 5, 2015. This marks
the first time that the general public will be able to see and experience
Wocket. NXT-ID will also be unveiling new colors, materials, production and
prototype accessory designs for the Wocket at CES.
Wocket is the world’s first smart wallet, the next evolution in smart
devices, following the smartphone and smartwatch. Wocket is designed to protect
your identity and replace all the cards in your wallet, with no smartphone or
internet connection required. The Wocket works virtually anywhere credit cards
are accepted; stores up to 10,000 cards, records, coupons and other data, and
only works with your biometric (voice) stamp of approval.
Legendary pickpocket (“The Gentleman Thief”) Apollo Robbins will
also be on hand at the NXT-ID booth at CES on January 6 and 7 to demonstrate
the real-world pickpocketing and thievery scenarios that make the Wocket smart
wallet a practical, must-have device for consumers.
“Most consumers are familiar with the anxiety of losing a wallet
filled with their cards, coupons and personal information,” said Gino Pereira,
CEO of NXT-ID. “People connect with all the negative implications of this
information being in the wrong hands. We are thrilled to officially unveil the
Wocket smart wallet at CES, the leading global forum for technology innovation
that can truly revolutionize consumers’ lives. With Wocket, consumers finally
have a convenient, attractive and secure modern solution to replace their
wallet entirely, and never again need to endure the risks of carrying a
traditional wallet.”
Credit, debit, ATM, loyalty, gift, ID, membership and insurance
cards; tickets; emergency, medical and business contacts; coupons and virtually
any card can be stored and protected on the Wocket. Unlike other smart cards
and digital wallets, Wocket is a standalone device and doesn’t rely on insecure
connections to smartphones, apps or the internet to store or transmit personal
information. All personal information is encrypted and stored on Wocket’s
tamper-proof chip. Wocket owners have the option of using a smartphone app to
configure their wallet and install firmware updates – for security, personal
information remains on the Wocket and is not transmitted.
About NXT-ID Inc. - Mobile Security for a Mobile World: (NXTD)
(NXTDW):
NXT-ID Inc.'s innovative MobileBio® solution mitigates consumer
risks associated with mobile computing, e-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 smartphone required. The Wocket works
anywhere credit cards are accepted and only works with your biometric stamp of
approval. Visit http://www.wocketwallet.com/.
3D-ID LLC is a wholly owned subsidiary of NXT-ID Inc., and is
engaged in biometric identification with 22 licensed patents in the field of 3D
facial recognition. Visit 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.
Corporate Contact:
IR Contact:
Media Contact:
Dawn Vanzant
+1-800-665-0411
SOURCE NXT-ID, Inc.
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