Friday, January 18, 2019

Investorideas.com Newswire - The #AI Eye: Gopher (OTCQB: $GOPH) Implementing Distributed #AI Within #Avant! and Oracle (NYSE: $ORCL) Opening a New Data Centre in Toronto

The #AI Eye: Gopher (OTCQB: $GOPH) Implementing Distributed #AI Within #Avant! and Oracle (NYSE: $ORCL) Opening a New Data Centre in Toronto

Global AI-Powered Video Analytics Market to See CAGR of 42% from 2018-2022

Point Roberts, WA and Vancouver, BC - January 18, 2019 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI), in partnership with Gopher Protocol's (OTCQB: GOPH). Avant!, the latest innovation in machine learning, brings you today's edition of The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence.

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The #AI Eye: Gopher (OTCQB: $GOPH) Implementing Distributed #AI Within #Avant! and Oracle (NYSE: $ORCL) Opening a New Data Centre in Toronto

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Global AI-Powered Video Analytics Market to See CAGR of 42% from 2018-2022

A report from market research firm Technavio projects that the global AI-powered video analytics market will witness a compound annual growth rate (CAGR) of 42 percent in the forecast period 2018-2022. The research also found that incremental growth in the forecast period will reach $60.81 million. An excerpt from the report summary reads:

Analyzing factors that will have a significant impact on the growth of the AI powered video analytics market, our analysts have identified the growing demand for data integration and video analytics to be a major factor driving market growth. With the rising IT complexity, the process of deploying and maintaining reliable data interfaces became more difficult. AI-powered video analytics enable effective decision-making by offering on-demand accessibility for real-time integration of data and real-time analysis. Also, numerous companies are integrating data with AI-powered video analytics systems to analyze large data sets for quick and effective decision making.

Gopher Implementing Distributed AI Within Avant! and Oracle Opening a New Data Centre in Toronto

Stocks discussed: (OTCQB:GOPH) (NYSE:ORCL)

Gopher Protocol Inc. (OTCQB:GOPH) has announced that it is it is implementing distributed artificial intelligence (DAI) methodologies within its Avant! AI system. Implementation of DAI will also enable greater computation power and spatial distribution of Avant! computing resources, and will coordinate and synchronize between Avant! mobile app and its web application. Gopher CTO Dr. Danny Rittman explained:

"This type of technology is important in order to enable Avant!'s parallel processing when necessary. In multi-user environment, a large scale computation and resources distribution is needed in order to provide vast solutions and answers. Avant! DAI is a smart system and will be activated only when needed in certain situations. We completed Avant!'s DAI working model, which we believe to be robust and elastic. It is built to be adaptive to problems and information. Avant! DAI objectives are to enable vast computing power, when necessary, and to assist with reasoning, planning, learning and perception topics, particularly with very large data, by distributing the data to its autonomous processing agents. Another key advantage of Avant! DAI is to be able to provide information redundancy in case of system's nodes overload."

Oracle Corporation (NYSE:ORCL) is opening a new data centre in Toronto to accommodate demand for the company's public cloud, the Oracle Cloud Infrastructure. According to the press release: "With Oracle's modern cloud regions, only Oracle can deliver the industry's broadest, deepest, and fastest growing suite of cloud applications, Oracle Autonomous Database, and new services in security, Blockchain and Artificial Intelligence, all running on its enterprise-grade cloud infrastructure." Don Johnson, executive vice president of product development at Oracle Cloud Infrastructure, said:

"Enterprises in the region still have limited ability to run mission-critical applications in the cloud and are struggling to attain the level of performance they have on-premises without a major overhaul. With this new location Oracle is delivering on its promise to deliver even more customers with consistent high performance, low predictable pricing and the flexibility our cloud brings to the table."

Sam Mowers, Investorideas.com

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Gopher Protocol's (OTCQB: GOPH) Avant! is the latest innovations in machine learning and is targeted to empower Gopher Protocol's wide range of IoT and mobile technologies. Avant! can be integrated into wide range of applications in a variety of fields among these are business, medicine, engineering, analytics and more. Avant! learns and enhances its expertise based on wide range of data sources and on its own. www.avant-ai.com.

AI expert Dr. Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS: INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM). He has worked on many prestigious Integrated Circuits projects, among them the Intel's Pentium Pro, DEC's Alpha chip and others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo masks.

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Investorideas.com Newswire - Breaking #AI News: Gopher Protocol (OTCQB: $GOPH) Implements Distributed Artificial Intelligence (DAI) Within Avant! AI System

Breaking #AI News: Gopher Protocol (OTCQB: $GOPH) Implements Distributed Artificial Intelligence (DAI) Within Avant! AI System

Designed to Significantly Improve AI Processing Speeds and Capabilities

Investorideas Featured Company: Gopher Protocol, Inc. (OTC:GOPH)

San Diego, CA - January 18, 2019 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher"), a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, including a global mesh network technology platform for both mobile and fixed solutions, announced today it is implementing distributed artificial intelligence (DAI) methodologies within its Avant! AI system.

Gopher Protocol has completed its distributed artificial intelligence (DAI) working model for its Avant! AI system and is now in the implementation stage. The implementation of DAI will be a key block to enable dynamic learning, planning, and fast decision making. It will also enable greater computation power and spatial distribution of Avant! computing resources. This system is planned to coordinate and synchronize between Avant! mobile app and its web application. Distributed Artificial Intelligence (DAI) is a predecessor of the field of Multi-Agent Systems and is typically used for self-organized systems. Avant! DAI system is targeted to include interacting intelligent agents in order to solve problems that are highly difficult for an individual agent to solve. Gopher is scheduled to test its DAI system in mid-May 2019.

Danny Rittman, Ph.D., Gopher's Chief Technology Officer, stated, "This type of technology is important in order to enable Avant!'s parallel processing when necessary. In multi-user environment, a large scale computation and resources distribution is needed in order to provide vast solutions and answers. Avant! DAI is a smart system and will be activated only when needed in certain situations. We completed Avant!'s DAI working model, which we believe to be robust and elastic. It is built to be adaptive to problems and information. Avant! DAI objectives are to enable vast computing power, when necessary, and to assist with reasoning, planning, learning and perception topics, particularly with very large data, by distributing the data to its autonomous processing agents. Another key advantage of Avant! DAI is to be able to provide information redundancy in case of system's nodes overload."

The implementation of DAI is a key component to enable dynamic learning, planning, and fast decision making. It will also enable greater computation power by exploiting the spatial distribution of Avant! computing resources to solve problems over integrated communication among processing nodes. This infrastructure also enables synchronization between the Avant! mobile app and its web application. DAI is a predecessor of the field of Multi-Agent Systems and is typically used for self-organized systems. Avant!'s DAI system is targeted to include interacting intelligent agents in order to solve problems that are highly difficult for an individual agent to solve.

Dr. Rittman added, "This technology is important in order to enable Avant!'s parallel processing when necessary. In multi-user environment, a large-scale computation and resources distribution is needed in order to provide vast solutions and answers. Avant! DAI is a smart system and will be activated only when needed in certain situations. Avant! DAI system is a robust and elastic and built to be adaptive to problems or information. Avant! DAI objectives are to unlock the vast computing power of a collective network of processors and to assist with reasoning, planning, learning and perception topics, particularly with very large data sets. Another key advantage of Avant! DAI is to be able to provide information redundancy in case of system's nodes overload."

About Gopher Protocol Inc. (http://gopherprotocol.com)

Gopher Protocol Inc. (GOPH) ("Gopher") (http://gopherprotocol.com/) is a development-stage company which considers itself a native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence (AI) enabled mobile technology platforms. Gopher has a portfolio of Intellectual Property that, when commercialized, will include smart microchips, mobile and security applications and protocols, and supporting cloud software. Gopher's system envisions the creation of a global mesh network. The core of the system will be its advanced microchip technology that can be installed in any mobile or fixed device worldwide. Gopher envisions this system as a low-cost, secure, private mesh network between any enabled devices, providing shared processing, advanced mobile database management/sharing and enhanced mobile features as an alternative to traditional carrier services.

https://www.avant-ai.net

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company's ability to raise capital on acceptable terms, if at all, the Company's successful development of its products and the integration into its existing products and the commercial acceptance of the Company's products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

Contact:

Dr. Danny Rittman, CTO
Gopher Protocol Inc.
VM Only 888-685-7336
Media: press@gopherprotocol.com

SOURCE: Gopher Protocol Inc.

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Investorideas.com - #Payment News: Nxt-ID (NASDAQ: $NXTD) Subsidiary Fit Pay, Inc. Extends Payments to Another Iconic Brand

#Payment News: Nxt-ID (NASDAQ: $NXTD) Subsidiary Fit Pay, Inc. Extends Payments to Another Iconic Brand

European Launch of SwatchPAY! Brings contactless payments to four new watches

SEBASTIAN, Florida - January 18, 2019 (Investorideas.com Newswire) Fit Pay, Inc., a wholly owned subsidiary of Nxt-ID, Inc. (NASDAQ: NXTD), today announced that its Token Requester Management (TRM) platform is enabling SwatchPAY!, a new contactless payment feature on four new watches announced this week in Switzerland by the iconic watchmaker. Fit Pay is providing critical tokenization services for the new feature.

"The launch of SwatchPAY! represents a big step towards making contactless and wearable payments more mainstream. Having an iconic brand like Swatch add payments, signals that payment is becoming a must-have feature for most things you wear," said Michael Orlando, COO of Nxt-ID and president of Fit Pay, Inc. "From a company perspective, adding another top-tier brand to the Fit Pay platform is a very positive development and the culmination of significant effort by our team. It goes a long way toward solidifying our leadership position in this emerging market."

Fit Pay's platform enables manufacturers of IoT and wearable devices to add contactless payment capabilities to their products, making it possible for consumers to pay for goods and services at near field communication (NFC)-enabled point-of-sale terminals with a simple tap. The platform uses tokenization, a payment security technology that replaces cardholders' account information with a unique digital identifier ("payment token"), to transact secure contactless payments. The Fit Pay platform authenticates the accountholder, requests the payment token from the payment network and issuer, provisions the token to an embedded secure element chipset on the device, and manages the lifecycle of the token.

Nxt-ID previously announced that it intends to separate Fit Pay and its payments, authentication and credential management business into an independent company and distribute those shares to Nxt-ID shareholders through the execution of a spin-off, which it believes will qualify as a tax-free distribution. Immediately following the spin-off transaction, Nxt-ID shareholders, who own shares of Nxt-ID on the to-be-announced record date will own shares of both companies. Prior to the record date of the distribution, which will be established by the Board, NXTD shares continue to include shareholder rights to any pro-rata dividend that may result from the spin-off. The new company, PartX, Inc., will include the assets acquired in the May 2017 business combination with Fit Pay, Inc. as well as the payment, authentication and credential management assets previously by Nxt-ID. It is applying for listing on NASDAQ.

About NXT- ID, Inc. and Fit Pay, Inc.

NXT-ID, Inc. (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 three 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; 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, and 3D-ID LLC, which is engaged in biometric identification and authentication. Learn more about Nxt-ID at http://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:

Fit Pay, Inc.
Chris Orlando
chris@fit-pay.com
+1-760-468-7273

NXT-ID, Inc. (NASDAQ:NXTD)

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Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services 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 for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure: Nxt-ID, Inc. (NXTD) is a long term paid news publication and PR client of Investorideas.com. details at https://www.investorideas.com/About/News/Clientspecifics.asp

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Thursday, January 17, 2019

Investorideas.com Newswire - The #AI Eye: IBM ( $IBM) and Vodafone ( $VOD) Join in New Agreement to Drive Digital Innovation

The #AI Eye: IBM ( $IBM) and Vodafone ( $VOD) Join in New Agreement to Drive Digital Innovation

Global Data Classification Market to Reach $1.66 Billion by 2023 at a CAGR of 25.4%

Point Roberts, WA and Vancouver, BC - January 17, 2019 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI), in partnership with Gopher Protocol's (OTCQB: GOPH). Avant!, the latest innovation in machine learning, brings you today's edition of The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence.

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The #AI Eye: IBM ( $IBM) and Vodafone ( $VOD) Join in New Agreement to Drive Digital Innovation

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Global Data Classification Market to Reach $1.66 Billion by 2023 at a CAGR of 25.4%

New research from Research and Markets projects global data classification market growth from $536 million USD in 2018 to $1.66 billion USD in 2023 at a compound annual growth rate of 25.4 percent in that forecast period. The report cites regulatory compliance, growth in uncontrolled data volumes, and increased security risks as major growth factors for the market. An excerpt from a report description on PR Newswire reads:

"...the integration of Artificial Intelligence (AI) and Machine Learning (ML) into data classification solutions and growing demand for data-driven decision making are expected to be providing opportunities for the growth of organizations across industry verticals in the data classification market.

Moreover, companies are integrating technologies such as AI and ML to automatically analyze the behavior of sensitive data and enhance security measures to avoid data breach incidents. These technologies help enterprises to reduce error rates due to manual processes or user interference while classifying sensitive data and empowers the data classification solution to leverage continuous learning processes to automatically categorize data in a more precise and refined way, based on user-defined rules and policies."

IBM and Vodafone Join in New Agreement to Drive Digital Innovation and Datametrex AI Subsidiary Nexalogy Scores Vendor Status with US Federal Gov’t

Stocks discussed: (NYSE:IBM) (NasdaqGS:VOD) (TSXV:DM)

IBM (NYSE:IBM) and Vodafone (NasdaqGS:VOD) have announced a new venture to help drive digital innovation. The new strategic commercial agreement "will provide clients with the open, flexible technologies they need to integrate multiple clouds and prepare for the next wave of digital transformation enabled by AI, 5G, edge and Software Defined Networking (SDN)." IBM Chairman, President and CEO, Ginni Rometty commented:

"IBM has built industry-leading hybrid cloud, AI and security capabilities underpinned by deep industry expertise. Together, IBM and Vodafone will use the power of the hybrid cloud to securely integrate critical business applications, driving business innovation - from agriculture to next-generation retail."

Datametrex AI Limited (TSXV:DM) has announced that its wholly-owned subsidiary, Nexalogy Environics Inc., has obtained vendor status with the U.S. Federal government. Nexalogy is committed to the AI sector providing robust technology solutions to Government agencies, which includes the fake news filtration. Datametrex Chairman and CEO Andrew Ryu said:

"Nexalogy's expertise in the areas of social media monitoring and intelligence, fake news filtering and other machine learning applications are in great demand from government agencies and other organizations. Datametrex through its Nexalogy division is well positioned to capitalize on these accretive opportunities in Canada, U.S., and internationally."

Sam Mowers, Investorideas.com

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Wednesday, January 16, 2019

Investorideas.com Newswire - The #AI Eye: IBM ( $IBM) Launches New #AI Customer Experience Solutions at NRF 2019

The #AI Eye: IBM ( $IBM) Launches New #AI Customer Experience Solutions at NRF 2019

Global AI in Social Media Market to Hit $2.23 Billion by 2023

Point Roberts, WA and Vancouver, BC - January 16, 2019 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI), in partnership with Gopher Protocol's (OTCQB: GOPH). Avant!, the latest innovation in machine learning, brings you today's edition of The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence.

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The #AI Eye: IBM ( $IBM) Launches New #AI Customer Experience Solutions at NRF 2019

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Global AI in Social Media Market to Hit $2.23 Billion by 2023

A report from Research and Markets indicates that the Global AI in Social Media Market is projected to grow from $365.83 million in 2017 to $2.23 billion in 2023 at a compound annual growth rate (CAGR) of 28.6 percent in the forecast period 2018-2023. An excerpt from the report summary reads:

In social media, artificial intelligence is gaining prominence, as most modern-day consumers are active on social media. With the increasing volume of unstructured data, booming number of social media influencers, and rising number of requests for service via social channels, marketers from various end-user industries (such as BFSI, e-commerce, telecommunication, etc.,) are actively exploring AI-based tools, to leverage the power of social media.

In addition, the increasing adoption of AI technologies for numerous applications in social media and rising use of AI-enabled smartphones are anticipated to fuel the growth of the AI in social media market. However, the presence of a limited number of AI experts and sluggish adoption of AI in developing economies are projected to hamper the growth of the market studied, over the forecast period.

IBM Launches New AI Customer Experience Solutions at NRF 2019, NICE Actimize Announces Financial Crime Enterprise Consulting & Advisory Practice and FICO Partners with Conductor to Tackle Payment Fraud with Falcon Platform

Stocks discussed: (NYSE:IBM) (NasdaqGS:NICE) (NYSE:FICO)

IBM (NYSE:IBM) launched new AI-powered innovations aimed at customer experience in the retail sector at the National Retail Federation's 2019 Big Show and Expo. Enabling a culture of digital operations and customer experience innovations is IBM Order Management with Watson Order Optimizer, and IBM MetroPulse, which help retailers improve omni-channel profitability and customer satisfaction. Luq Niazi, Global Managing Director, IBM Consumer Industries said:

"The changing landscape across today's retail and consumer industries has resulted in a rapid rise of emerging technologies, especially when it comes to Automation and Artificial Intelligence. Retail is one of the sectors to already implement and invest in cognitive and AI technologies, resulting in new and unexpected offerings for consumers and shoppers around the world."

NICE Ltd.'s (NasdaqGS:NICE) NICE Actimize business, a leader in Autonomous Financial Crime Management, has announced the launch of a world-class Financial Crime Enterprise Consulting & Advisory Practice (eCAP). NICE Actimize CEO Craig Costigan explained the new practice:

"Our powerful new service and consulting model was designed to further establish us as trusted advisors in financial crime and compliance related issues and implementations, and it allows us to enable our customers to stay on top of developing technologies such as artificial intelligence and robotic process automation, as well as create best practices for operational excellence and utilization of cost effective techniques. Our vision of Autonomous Financial Crime management meshes perfectly with this approach to provide these benefits and more as we attack all aspects of financial crime."

Fair Isaac Corporation (FICO) (NYSE:FICO) has partnered with Brazilian electronic payments company Conductor to protect Brazilian payment cards from fraud. This will be achieved with the FICO Falcon platform, which uses Cognitive Fraud Analytics and artificial intelligence technology, detects fraud in real time and can adapt to changes in fraud trends. Alexandre Graff, vice president of FICO in Latin America explained the platform:

"Falcon is an artificial intelligence solution based on dozens of machine learning patents that excel at detecting transactional fraud. Falcon models are based on the largest data fraud consortium in the world, the Falcon Intelligence Network. Conductor will also offer omnichannel communication based on FICO Customer Communication Services, which further reduces false positives and takes user experience to a higher level. For example, when the system identifies abnormal behavior, it communicates directly with the user's preferred communication channel to confirm whether it is fraud or not."

Sam Mowers, Investorideas.com

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Investorideas.com - NXT-ID (NASDAQ: $NXTD): Garmin PayTM Ecosystem Expands With the Launch of the vívoactive® 3 Music With LTE From Garmin®

NXT-ID (NASDAQ: $NXTD): Garmin PayTM Ecosystem Expands With the Launch of the vívoactive® 3 Music With LTE From Garmin®

Contactless payment feature now included on 11 devices and supported globally by a network of more than 260 banks in 30 countries

SEBASTIAN, Florida - January 16, 2019 (Investorideas.com Newswire) Fit Pay, Inc., a wholly owned subsidiary of Nxt-ID, Inc. (NASDAQ: NXTD), today announced the expansion of Garmin PayTM, a contactless payment solution, to the 11th smartwatch from Garmin International, Inc. The new smartwatch, the vívoactive 3 Music with LTE connectivity, launched in conjunction with the Consumer Electronics Show in Las Vegas, Nevada on January 7, 2019. The Garmin Pay contactless payment feature and digital wallet, which is powered by FitPay, enables consumers to make highly secure contactless payments at millions of near field communication enabled (NFC) point-of-sale (POS) terminals worldwide.

"We introduced Garmin Pay in 2017 with the launch of the vívoactive 3, and we are pleased with how this feature has expanded to encompass additional product lines, including smartwatches built for athletes, adventure seekers, pilots and more," said Dan Bartel, Garmin vice president of global consumer sales. "Garmin Pay provides our customers with the flexibility to pay with their wrist, and as we move forward, we know that even more Garmin customers will have the opportunity to experience this great feature."

"Garmin is again breaking new ground in the smartwatch category with a triple-threat device that offers LTE, music and payment capabilities," said Michael Orlando, NXT-ID COO and Fit Pay president. "We are proud to collaborate with a company that has shown such a commitment to enhancing their users' payment experience across such a wide variety of device offerings."

Garmin Pay allows Garmin users to make contactless payments free from having their phone or wallet present. The payment feature includes a digital wallet, which is integrated into the Garmin Connect™ user application. In addition to the vívoactive 3 Music with LTE connectivity, Garmin Pay is also available on other smartwatches by Garmin including the D2™ Delta S, D2 Delta, D2 Delta PX, fēnix® 5S Plus, fēnix 5 Plus, fēnix 5X Plus, Forerunner® 645, Forerunner 645 Music, vívoactive 3 and vívoactive 3 Music.

"In addition to the extension of Garmin Pay to a diverse portfolio of devices, we have also seen tremendous adoption globally among bank and credit account issuers," said Orlando. "The worldwide network of banks and issuers supporting Garmin Pay continually expands, driving new digital wallet activations by Garmin users."

Since the Garmin Pay feature was launched in November 2017, the card network and issuing bank support for the service has grown to include the major card networks and more than 260 banks in 30 countries on four continents worldwide. Garmin Pay was the first device-based contactless payment service to enter the German market and was recently added by banks in the United Arab Emirates and Mexico.

Garmin Pay is powered by the FitPay Token Requester Management Platform, which enables cardholders to securely add their payment credentials to devices that are integrated with FitPay's token management solution. The platform uses tokenization, a payment security technology that replaces cardholders' account information with a unique digital identifier (a "token"), to transact highly secure contactless payments.

View the complete list of issuing banks, payment networks and countries supporting Garmin Pay at Garmin.com/garminpay/banks.

About Garmin International Inc.

For decades, Garmin has pioneered new GPS navigation and wireless devices and applications that are designed for people who live an active lifestyle. Garmin serves five primary business markets, including automotive, aviation, fitness, marine, and outdoor recreation. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, twitter.com/garmin, instagram.com/garmin, or youtube.com/garmin.

Garmin International, Inc., is a subsidiary of Garmin Ltd. (GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan, and the United Kingdom. Garmin, fēnix, Forerunner and vívoactive are registered trademarks and Garmin Pay, Garmin Connect and D2 are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

Notice on Forward-Looking Statements for Garmin:

This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 30, 2017, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

About NXT- ID, Inc. and Fit Pay, Inc.

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; 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 http://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:

Garmin International Inc.
Stephanie Schultz
+1-913-397-8200
media.relations@garmin.com

Fit Pay, Inc.
Chris Orlando
chris@fit-pay.com
+1-760-468-7273

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Investorideas.com - NXT-ID (NASDAQ: $NXTD): Garmin PayTM Ecosystem Expands With the Launch of the vívoactive® 3 Music With LTE From Garmin®

NXT-ID (NASDAQ: $NXTD): Garmin PayTM Ecosystem Expands With the Launch of the vívoactive® 3 Music With LTE From Garmin®

Contactless payment feature now included on 11 devices and supported globally by a network of more than 260 banks in 30 countries

NXT-ID, Inc. (NASDAQ:NXTD)