MELBOURNE, Florida,
November 7, 2016 /PRNewswire/ --
NXT-ID, Inc. (NASDAQ:NXTD) ("NXT-ID" or the "Company"), a
company focused on the growing mobile commerce announces that it
has joined the Cisco® Solution Partner Program as a Solution
Partner.
Gino Pereira, Chief Executive
Officer, said, "We are very excited about our collaboration with
Cisco as a Solution Partner and see it as a milestone for our
business strategy moving forward. Having access to the Cisco
Partner Ecosystem will play an important role in growing our
business. Through this program we intend to provide biometric and
encryption solutions involving facial recognition and later on,
voice recognition."
According to Transparency Research, a next generation provider
of syndicated research, the global video surveillance and video
surveillance as a service (VSaaS) market is expanding at a CAGR of
17.0% from 2016 to 2024. By the end of 2024 it is expected to rise
above US$88 bn, after being valued
around US$21 bn in 2015.
MobileBio® FaceMatch® is a modular facial recognition
technology that can be provisioned to compliment a variety of video
surveillance and VSaaS platforms including smartphones, tablets,
laptops and desktop computers. Depending on the number of cameras
available and level of security desired, FaceMatch® uses
advanced facial recognition algorithms to allow the user
access to their device, data, or door.
The technology can be hosted on the device or configured to
access cloud computing for remote authentication via NXT-ID's
BioCloud® Authentication and Identity Management Services. The
technology will also soon be available as an "app" on the iPhone
and Android platforms.
The Cisco Solution Partner Program, part of the Cisco Partner
Ecosystem, unites Cisco with third-party independent hardware and
software vendors to deliver integrated solutions to joint
customers. As a Solution Partner, NXT-ID, Inc. offers a
complementary product offering and has started to collaborate with
Cisco to meet the needs of joint customers.
For more information on NXT-ID, Inc go to:
http://www.nxt-id.com
About NXT- ID Inc. - Mobile Security for a Mobile
World
Nxt-ID, Inc. (NASDAQ: NXTD) is a security technology Company
providing security for finance, assets and healthcare. The
Company's innovative MobileBio® solution mitigates risks associated
with mobile computing, m-commerce and smart OS-enabled devices.
With extensive experience in biometric identity verification,
security and privacy, encryption and data protection, payments,
miniaturization and sensor technologies, the Company partners with
industry leading companies to provide solutions for modern payment
and the Internet of Things ("IoT") applications. The Company's
wholly owned subsidiary, LogicMark, LLC, manufactures and
distributes nonmonitored and monitored personal emergency response
systems ("PERS") sold through the United States Department of
Veterans Affairs ("VA"), healthcare durable medical equipment
dealers and distributors and monitored security dealers and
distributors. http://nxt-id.com/, http://wocketwallet.com/ ,
http://www.logicmark.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.
NXT- ID Inc Contact :
Corporate info: info@nxt-id.com
Media:
D. Van Zant
+1-800-665-0411
press@nxt-id.com
SOURCE NXT-ID, Inc.