NXT-ID,
Inc. (Nasdaq: $NXTD) Joins Cisco (Nasdaq: $CSCO) Solution Partner Program to
Capture 2D and 3D Biometric Expressions
MELBOURNE, FL, November
7, 2016 – (Investorideas.com
Newsiwre) 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.
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 :
Media:
D. Van Zant
800
665-0411
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