MELBOURNE, Florida,
January 9, 2017 /PRNewswire/ --
NXT-ID, Inc. (NASDAQ:NXTD) ("NXT-ID" or
the "Company"), a security technology company, announces that, in
cooperation with Nordic Semiconductor, ASA. (OSE:NOD), the Company
demonstrated a miniature module within a wearable smart band to
enable devices powering the IoT (Internet of Things). The "IoT
Stamp" is an intelligently connected electronics
module that is small enough and low power enough to fit within
most devices, even a smart card or a watch band. Key
functionality includes patent pending ultra-low
power "buttonless" wake-up, motion activation,
and personalized services including identification
services, multi-factor biometric authentication, and payment
technologies including Near-Field Communications(NFC) and wireless
magnetic stripe (Wi-Mag).
Gino Pereira, Chief Executive
Officer of NXT-ID stated, "The "IoT Stamp" enables a new class of
"intelligently-connected" devices that only connect to the internet
when required and utilizes our patented dynamic pairing technology
to secure communications between devices. We believe this is the
first time Bluetooth Low Energy (BLE) and NFC technologies have
been integrated on the same chip which was supplied by Nordic. This
module, once fully developed, will be made available for sale to
manufacturers of products that require highly capable,
miniature, low power electronics for communication and payments.
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://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.
Corporate info: info@nxt-id.com
Media: D. Van Zant
Tel: +1-800-665-0411
press@nxt-id.com
SOURCE NXT-ID, Inc.