NXT-ID Joins FIDO Alliance As a Sponsor Member
Shelton, CT - November 05, 2014 - InvestorsHub NewsWire -
NXT-ID, Inc. (NASDAQ:NXTD
and NXTDW)
("NXT-ID" or the "Company"), 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.
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: (NXTD)
(NXTDW):
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. 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: 646 863 6519
ksmith@proactivecapital.com
Media: 800 665-0411
dvanzant@investorideas.com