SEBASTIAN, Florida,
October 18, 2018 /PRNewswire/ --
NXT-ID, Inc. (NASDAQ: NXTD) a
provider of healthcare devices and services as well as payment,
credential management, and authentication platform services and
QubeChain LLC, a broad-based blockchain technology company focused
on delivering blockchain solutions to the healthcare and payments
markets, among others, today announced a Strategic Alliance
Agreement to collaborate in the development and marketing of a
blockchain-based technology solutions within the healthcare,
payments and other strategic markets. Under the Agreement, the
companies will jointly offer technology products and solutions from
both companies to their respective customer bases and collaborate
to pursue new market opportunities.
"As we became familiar with QubeChain, we found there was an
array of complementary skills and offerings that will add
significant value to the technical capabilities and relationships
of both companies," said Gino
Pereira, Chief Executive Officer of NXT-ID. "This Agreement
will increase the scope of each company's technology products and
solutions, and greatly expand our addressable market
potential."
"Nxt-ID and its subsidiaries have a demonstrated track record of
successfully commercializing technology solutions within very
complex ecosystems, such as healthcare and payments," said C.
Rees Morgan II, Founder, and CEO of
QubeChain. "We see tremendous value and market potential in the
combined technological offerings of both companies, and we are
looking forward to jointly pursuing key vertical markets."
QubeChain is expanding its partnerships in healthcare in a major
way with projects involving a major US health insurance provider.
The Company's offerings are tailored to provide patient record
transparency and mobility and to help manage and reduce healthcare
costs.
The Agreement includes a range of the sharing of information,
providing introductions and referrals, undertaking joint marketing
initiatives and other activities with the objective cooperating to
jointly identify, develop, pursue and secure new business
opportunities and expand the range of technology offerings to
existing clients and customers.
The Agreement covers potential collaborations between QubeChain,
Nxt-ID and its subsidiary companies LogicMark, LLC and Fit Pay,
Inc., as well as Nxt-ID's proposed spin-off of its payments,
credential management, and authentication business.
About NXT- ID, Inc.
NXT-ID, Inc. (NASDAQ: 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.
About QubeChain, LLC
QubeChain is a Blockchain Technology Company building
mission-critical compliant blockchains for regulated industries.
The Company leverages creative innovation and deep industry
expertise to produce applied uses of Blockchain Technology. The
Company's solutions include: Consulting Services, Customized mobile
token and coin wallet applications that integrate digital
currencies, Healthcare, Payment Processing, Silicon-2-Blockchain,
Digital Wallets and Security.
Media Contacts:
Nxt-ID
Chris Orlando
chris.orlando@nxt-id.com
+1-760-468-7273
D. Van Zant
+1-800-665-0411
press@nxt-id.com
QubeChain
Kimberly Cobb
kimberly@qubechain.com
SOURCE Nxt-ID, Inc.