SHELTON, Conn., September 2, 2014 /PRNewswire/ -- NXT-ID, Inc.
(OTCQB: NXTD), a biometric authentication company focused on the
growing mobile commerce market, announced today that it has
submitted a patent application for methods to integrate intelligent
systems into a wallet to form a smart wallet. This patent
primarily discusses mechanical methods and approaches to add
electronics to turn average wallets into smart wallets and follows
an earlier patent submission by the Company for a method to replace
traditional payment and identity management systems.
"This patent reinforces our intellectual property position in
the mobile and wearable markets, especially in the area of smart
wallets," states David Tunnell, CTO
of NXT-ID. "This invention details how various electronics,
such as touch screens, buttons, batteries and microphones with
voice recognition can be added to materials, providing tight
integration that enhances wallet functionality."
The patent also describes methods that achieve an accessorized
wallet where multiple styles of wallets can be interchangeable to
the base electronics.
"One of the key achievements of this invention is the ability to
accessorize the wallet with various accessory options including
methods to enhance the internal electronics as well as the outer
appearance," states David
Tunnell. "This feature enables users to customize
their wallet by simply replacing the accessory. Users can now have
a minimalistic wallet accessory to go out on a run, for instance,
and simply replace it with another accessory style for dinner later
that night. We believe this achieves the world's first
"accessorized wallet", and ushers in a new generation of
intelligent smart wallets that not only act as a vault to protect
personal information, but also act as a fashion statement for a
variety of venues."
Wocket™ is a smart wallet, the next evolution following the
smart phone and smart watch. NXT-ID is introducing its innovative,
patent-pending Wocket™ as the next natural step in the evolution of
smart devices. 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™.
Wocket™ is now available for advance ordering at
www.wocketwallet.com at a price of $149.99.
The full Wocket product FAQ is available to consumers and media
at
http://nxt-id.com/wocket-faq/
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:
Corporate info: info@nxt-id.com
Investor Inquiries:
Kirin Smith
ProActive Capital Group
Direct: +1-646-863-6519
ksmith@proactivecapital.com
Media: 800-665-0411
SOURCE NXT-ID, Inc.