Breaking News Coverage
for NXT-ID, Inc., (NXTD: OTCQB) - October 16, 2013 |
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| Company Snapshot |
NXT-ID, Inc.
One Reservoir Corporate Centre
4 Research Drive
Suite 402
Shelton, CT 06484
www.nxt-id.com
Officers:
Gino Pereira CEO, CFO
David Tunnell CTO
Tel: (203)242-3076
Sector: Services
Ticker Symbol: NXTD
Exchange: OTCQB
Shares Outstanding: 21,440,600
Float: APX 1,380,600 +/-
52 Week Low: $1.10
52 Week High: $4.46
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NXT-ID (NXTD)
- Mobile-Bio Technology Holds the Key to Mobile
Commerce
"...a conservative
intrinsic valuation (IV) model show a fair value
of $10.90 per share..."
BOSTON,
MA--(Oct 15, 2013) - SoundView Technology Group:
New report highlights an emerging technology
company, NXT-ID (OTCQB: NXTD), as a provider of
"Mobile-Bio"
technology to enable mobile commerce
industry-wide.
The lack of robust security is one of the chief
obstacles holding this market back. Technology
leaders like Apple have been making acquisitions
(like AuthenTec for $350M in July of 2012) and
filing patents to attempt to provide some of
these features on the iPhone.
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 Passwords
have become the joke of the information security
industry since they offer no real protection in
most cases.
Biometric techniques must
incorporate multiple factors to be secure and
easy to use. Combinations of fingerprint, facial
recognition, voice and big data analysis will be
the essence of future secure consumer systems,
for mobile in particular.
NXT-ID (NXTD) had developed a platform of
"Mobile-Bio" technologies the address the needs
of this market which include:
1. Mobile-Bio FaceMatchTM - 2D, 3D and pseudo-3D
methods to perform facial recognition.
2. The WocketTM - a new class of biometrically
secure mobile devices designed to replace the
traditional wallet.
3. Mobile-Bio SensorTM - a simple, web-enabled,
biometric-enabled external device that is used
for local authentication and remote
authentication with the BioCloud and/or remote
servers.
4. VoiceMatchTM - a unique biometric-enabled
method to add multi-factor biometric identifiers
(both speech and speaker recognition) to Dynamic
Pairing Codes using a simple low-power embedded
processor on an external device.
5. Mobile BioCloudTM - a cloud-based end-point
(authentication service) to authenticate any
"end-point" along a communication path,
including external biosensors.
According to the authors of this report, Stephen
Waite and Kris Tuttle, "NXT-ID biometric
security products target a broad market
opportunity space that includes m-commerce,
enterprise, law enforcement, defense and
Homeland Security."
NXT-ID is an early stage technology company
going after a large market. Based on initial
traction and a conservative intrinsic valuation
(IV) model show a fair value of $10.90/share we
see the company continuing to benefit from
intensive investor attention to this space.
Our full report is available here:
http://s3.amazonaws.com/Published_Research/NXT-ID_NXTD_Report_Oct_15_2013.pdf
About SoundView Technology Group
We are an independent advisory and research firm
specializing in emerging technologies as they
reach commercialization. Our proprietary
research and modeling work provides valuable
information for company management teams and
investors in these emerging opportunities. We
regularly publish our findings across a variety
of channels including all the major retail and
institutional information outlets. SoundView is
based in Boston, Massachusetts with locations in
New York and Connecticut.
Disclosures
SoundView analysts do not receive compensation
for their research opinions, any specific views
or conclusions. They are tasked to provide
fact-based research with sound analysis.
SoundView does not provide investment advice or
make "buy/sell/hold" recommendations. Nor do we
provide investment banking or brokerage
services. We act as a publisher of our own
research work and are responsible for all
content. From January 2013 to July 2013
SoundView provided paid advisory services NXT-ID
on their business plans, company description and
investor positioning.
About NXT-ID, Inc., (NXTD: OTCQB) |
The
founders of NXT-ID were an integral part of the
senior management teams at Technest Holdings,
Inc., and its subsidiary Genex Technologies.
Genex Technologies was founded in 1995 to
develop and commercialize the unique Rainbow®
method of capturing 3D data. Since its founding
Genex has developed into one of the market
leaders in advanced imaging, including 3D and
360-degree technologies.
Genex has developed innovative technologies and
products for all aspects of imaging, including
capture, processing, display, and
 enhancement.
Genex’s products range from 3D cameras to
surveillance algorithms to integrated facial
recognition systems. Genex and
Technest have won awards from the Department of
Defense, NIH, NIST and NSF amounting to over $30
million in support of this technology.
NXT-ID
has licensed all the Technest /Genex technology
(exclusively in many markets) to provide a
product portfolio and a strong technical
foundation for its further development efforts.
In addition, NXT-ID has also licensed patents
and know-how from the shareholders of Geometrix,
Inc., a leading 3D imaging company using a
different technical approach to Technest. This
technology performed very favorably at the Face
Recognition Vendor Test conducted by the
National Institute of Science and Technology (NIST).
NXT-ID also has key scientific and engineering
personnel that have had key roles in the
development of these technologies and have an
important intellectual knowledge base that the
Company intends to leverage.
Adding to this large IP portfolio, NXT-ID is
vigorously pursuing new patents in its new
MobileBio™ technologies.
---
MobileBio™ facematch™ is a modular facial
recognition platform technology that can be
applied to a variety of platforms including
smartphones, tablets, laptops and desktop
computers. Depending on the number of cameras
available and level of security desired,
facematch™ will use 2D, pseudo 3D or 3D facial
recognition algorithms to allow the user access
to their device, data, or door.
facematch™ supports both 3D and 2D camera
devices, supporting various applications such as
adding access control to a door or prison to
adding superior authentication and/or encryption
to a mobile device. 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.
One of the major areas of concern with facial
recognition is user privacy with most companies
utilizing private data for other marketing
purposes. A facematch™ based facial recognition
system can be customized to retain no personal
information on the user as required to address
any privacy issues.
Now banks, consumers, prisons, enterprises and
virtually any computing platform can be secured
passively, without obtrusive biometric devices
such as fingerprint readers using innovative
facematch™ from NXT-ID. Contact us to learn more
how facematch™ can be customized to meet your
security needs.
---
MobileBio™ voicematch™ is a modular voice
recognition platform technology that can be
applied to a variety of platforms including
smartphones, tablets, laptops and desktop
computers. voicematch™ can be added to virtually
any device to embed superior security via voice
recognition biometrics that ensure the identify
of the user prior to allowing access.
For individuals that use a variety of secure
devices where the identification of the specific
individual is important, the MobileBio™
voicematch™ biosensor can communicate with the
intended device directly or remotely. The
voicematch™ biosensor is the world’s first “web
enabled” biometric device that can connect
physically or wirelessly. Verification can be
performed locally or through cloud based
identity management and information biocloud™
assurance services. This device will also help
to secure one aspect of “BYOD” (Bring your own
device) computing, which is a growing concern
among corporations where individuals are using
their personal smartphones, tablets and
computers to connect to their company’s IT
servers. Connection to devices using this
web-ready biosensor may be made through USB or
by wireless interface.
voicematch™ can also be customized for a number
of other applications including remote
collection and transmission of biometric data by
the Department of Justice and the Department of
Defense. Other applications include simple,
passive authentication local to devices so users
may add security to various mobile platforms
such as smarphones, laptops and digital wallets.
----
MobileBio™ biocloud™ is a cloud-based identity
authentication solution for consumer
applications and corporate security. MobileBio™
biocloud™ Authentication and Identity Management
Services
provide biometric authentication,
identity management, and secure remote
access to a number of standard operations such
as online banking and mobile payments. This
secure service alleviates financial institutions
and corporations from billions invested in
enterprise security management by providing
essential end-to-end security to
sensitive
consumer information that is more easily
accessible now, due to the increased use of
mobile devices to remotely access corporate data
and perform financial transactions from mobile
devices.
With NXT-ID’s biocloud™, users and corporations
can now be assured secure access to their
sensitive data through simple, effective
identity authentication and secure encryption.
----
The world of wallets is about to change. New
exciting technologies are making payments easier
than ever. However, many credit card holders
either do not possess a smartphone or will be
reluctant to use their smartphone for mobile
payments due to a variety of reasons including:
Limited battery life
Dependency on wireless network coverage
Well publicized security threats
Rather than depend on a potentially unreliable
cell phone, NXT-ID introduces a truly next
generation digital wallet: the wocket™. This
unique technology takes a very different
approach: Instead of replacing the wallet, we
are improving it! Our innovative wocket™ reduces
the number of cards in your wallet while
supporting virtually every payment method
currently available at Point-of-Sale (POS) at
retailers around the world including magnetic
stripe, EMV/NFC and barcode…all within a secure
vault within your wallet.
.
Recent NXT-ID, Inc., (NXTD: OTCQB) News Releases |
NXT-ID Inc. Provides Update on the Wocket(TM)
and 3D FaceMatch(TM) Systems
Biometric Mobile Commerce Company NXT-ID, Inc.
Appoints New Director With CTO, CIO and COO
Experience at Major E-Commerce and Social
Consumer Brands
Information to Be Available Through S&P Capital
IQ Corporation Records Program for Biometric
Company NXT-ID, Inc.
Biometric Company NXT-ID, Inc. Launches Pilot
Program for Palm Bay, FL Police Department
Biometric Mobile Commerce Company NXT-ID, Inc.
Commences Trading on OTCQB
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