Breaking Tech News: NXT-ID (NASDAQ: NXTD) Joins FIDO Alliance
as a Sponsor Member
SHELTON, Conn. - November 5, 2014 (Investorideas.com
Newswire) NXT-ID, Inc., (NASDAQ:
NXTD), a biometric
authentication company focused on the growing mobile commerce, is pleased to
announce that it has joined the FIDO Alliance as a Sponsor member.
The
FIDO (Fast IDentity Online) Alliance (http://www.fidoalliance.org/) is an industry
consortium revolutionizing online authentication with the first standards for
strong authentication. FIDO Alliance members commit to share technology and
collaborate to deliver open specifications for universal strong authentication
that enable FIDO-compliant authentication methods to be interoperable, more
secure and private, and easier-to-use.
FIDO specifications will support a full
range of authentication technologies, including biometrics such as fingerprint,
eye and iris scanners, voice and facial recognition, as well as further
enabling existing solutions and communications standards, such as Trusted
Platform Modules (TPM), USB Security Tokens, embedded Secure Elements (eSE),
Smart Cards, Bluetooth Low Energy (BLE), and Near Field Communication (NFC).
The open specifications are being designed to be extensible and to accommodate
future innovation, as well as protect existing investments. FIDO specifications
allow the interaction of technologies within an interoperable infrastructure,
enabling authentication choice to meet the distinct needs of users and
organizations.
"Nxt-ID is very enthusiastic about
joining FIDO Alliance and contributing to the future of online authentication
with our core competencies in biometrics and encryption," said Gino
Pereira, CEO of Nxt-ID, Inc. "Security does not have to be inconvenient,
and this is the cornerstone upon which NXT-ID and Wocket™ are founded."
Wocket™ is a smart wallet, the next
evolution in smart devices, following the smart phone and smart watch. 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. can also be stored on Wocket.
Read this release
in full at http://www.investorideas.com/CO/NXT/news/2014/11051.asp
About The FIDO Alliance
The FIDO (Fast IDentity Online) Alliance, www.fidoalliance.org, was formed in July 2012 to address the
lack of interoperability among strong authentication technologies, and remedy
the problems users face with creating and remembering multiple usernames and
passwords. The Alliance plans to change the nature of authentication by
developing standards-based specifications for simpler, stronger authentication
that define an open, scalable, interoperable set of mechanisms that reduce
reliance on passwords. FIDO authentication is stronger, private, and easier to
use when authenticating to online services.
The FIDO Alliance Board of Directors
includes leading global organizations: Alibaba Holdings (NYSE: BABA); ARM
Holdings plc (LSE: ARM) (NASDAQ: ARMH); Bank of America Corporation (NYSE:
BAC); BlackBerry®; CrucialTec (KRX:114120); Discover Financial Services (NYSE:
DFS); Google; IdentityX; Lenovo; MasterCard (NYSE: MA); Microsoft (NASDAQ:
MSFT); Nok Nok Labs, Inc.; NXP Semiconductors N.V. (NASDAQ: NXPI); Oberthur
Technologies OT; PayPal (NASDAQ: EBAY); Qualcomm, Inc. (NASDAQ: QCOM); RSA®;
Samsung Electronics, Ltd (KOSCOM:SECL); Synaptics (NASDAQ: SYNA); Visa Inc.
(NYSE: V); Yubico.
About NXT- ID Inc. - Mobile Security for a Mobile World
NXT-ID, Inc.'s 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. 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
ksmith@proactivecapital.com
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
ksmith@proactivecapital.com
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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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