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NXT-ID, Inc. - (NASDAQ: NXTD) Alert - April 14, 2016

 

NXT-ID News:  SoundView Technology Group Issues NXT-ID Update; A Focused B2B2C Technology Play in Security


"Given the large and expanding market opportunity, existing alliances, additional agreements pending, a strong management team and the potential for M&A, the stock at $0.50 looks very attractive.We expect management will execute and later this year reach a "market value" for the company of $2.50 to $3.50/share."


Boston -- (PRNewswire) - April 14, 2016-  SoundView Technology Group (http://soundview.co) releases the following market and company update for NXT-ID, Inc. (NASDAQ: NXTD) A FOCUSED B2B2C TECHNOLOGY PLAY IN SECURITY

KRIS TUTTLE: APRIL, 2016

Excerpt:

Highlights

NXT-ID has brought the elements of their strategy together to provide technology to larger organizations needing strong solutions in security, privacy, authentication and payments.[1] Although the company has taken flack for not conquering the world with their Wocket digital wallet last year, these large deals and the strategy would not have been possible without the pioneering work that went into shipping a working if not perfect product.

Investors in NXT-ID should consider the following:

1.Security, privacy and convenience remain huge concerns for consumers and the companies serving them. Despite massive investments, progress has been lacking. New technologies like EMV and digital payments are promising but will take years if not decades to become universal.
2.The Wocket has proved the value of the digital wallet concept and led them to a landmark deal with WorldVentures to deliver a next-generation card in volume that will solidify NXT-ID technology as the key to
providing a smart, secure, private and convenient consumer "card."
3.As NXT-ID ramps revenue this year by delivering against the $15M WorldVentures purchase order they will finally be demonstrating robust revenue growth. Most importantly, it marks a shift from a "development stage" company to commercial success.
4.Up next are more alliances and deals that will extend the footprint of NXT-ID technology further into payments and also more broadly into consumer-focused products in the "internet of things" or IoT technology market. We've seen a huge increase in activity and investment from large companies and startups to leverage IoT into new markets in healthcare, smart homes, smart cars, etc. The upgraded card technology delivered this year is a strong platform for these types of applications.
5.NXT-ID is building a solid commercial technology franchise with what will become a range of partners. According to re/code, Samsung paid $250M for LoopPay and PayPal paid $280M for Paydiant. Both are comparable transactions for what might eventually occur at NXT-ID. The current market value of NXTD stock is about $30M based on the 61.5 shares outstanding post their most recent offering.
6.Management expects to file their 10-K within the allowed extension time and is just working through some of their transactional complexity with KPMG.


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1. Replay link: http://edge.media-server.com/m/p/c8nomvhy or see a full transcript (PDF): http://s3.amazonaws.com/PUBLISHED/NXT-ID_Investor_Update_Transcript_and_Slides_April_2016.pdf

Given the large and expanding market opportunity, existing alliances, additional agreements pending, a strong management team and the potential for M&A, the stock at $0.50 looks very attractive.We expect management will execute and later this year reach a "market value" for the company of $2.50 to $3.50/share.

Stock Conclusion

The WorldVentures deal for NXT-ID is a game changer. The stock ran up to $1 on the announcement and three months in the shares have retraced to $0.50 despite being much closer to realizing the benefits from the deal. At the same time, the company has been advancing their dialog with other companies for which the NXT-ID technology is an obvious fit.

The deal also de-risks the story by a fair amount. The product still has to be delivered in volume, but so far the progress has been good and is on schedule. We acknowledge that there is always a possibility that things will slip, but it's far from an "invention needed" type of situation.

At least one additional deal is highly probable in 2016, and two or more are possible. That would put NXT-ID in a very comparable position to LoopPay and other technology properties that have been acquired. Based on prior deals, that would suggest something on the order of $150 to $250M versus the current $50M market value.

Read the full report:http://s3.amazonaws.com/Published_Research/NXT-ID_SV_NOTE_APRIL_2016_Final.pdf

ABOUT SOUNDVIEW RESEARCH

SoundView conducts independent research - mostly on emerging technologies. We like thematic-driven companies where technology is involved and use analysis to identify the most promising investment opportunities.

Our business model is combination of subscription fees along with some direct investments and advisory fees. We measure our success by the quality of our analysis, accuracy of the conclusions and the size and influence of our audience. We apply our own proven approach to valuation that we call intrinsic value (IV) for informing investment decisions and optimizing portfolio management.

Disclosures

SoundView serves as a strategic advisor to NXT-ID and provides advisory and other services to the company including strategy advice, company positioning, investor communication methods and ongoing technology and market research. SoundView employees do not have positions or other vested interest in NXT-ID stock. Additional disclosures at: http://s3.amazonaws.com/Published_Research/NXT-ID_SV_NOTE_APRIL_2016_Final.pdf .

Contact:
Kris Tuttle
SoundView Technology Group
kris@soundview.co
+1-617-828-6462


SOURCE SoundView Technology Group

 

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Recent NXTD News:
 

NXT-ID Receives Notice of Allowance on the Unpassword Encryption Patent


MELBOURNE, FL -- (PRNewswire) --  NXT-ID, Inc. (NASDAQ: NXTD) ("NXT-ID" or the "Company"), a company focused on the growing mobile commerce market, announces the receipt of a notice of allowance from the US Patent Office on its "Unpassword" encryption patent. The invention relates generally to authenticating and encrypting information exchanged between two devices. A first device needs to authenticate a second device, before the first device will exchange information with the second device. "We want to be sure that the second device is not a bad guy or a hacker before actually sending sensitive information." David Tunnell, Chief Technology Officer of NXT-ID.

Generally, this data will be gathered during several different information exchanges. A combined authentication score will be generated by the first device based on these exchanges. Then an encryption key is generated by the first device and it is used to encrypt that combined authentication score. The dynamic pairing code is then that encrypted combined authentication score. Both the first and second devices can decrypt the dynamic pairing code. The dynamic pairing code is modified based on subsequent information exchanges between the first and second devices.

Location data, user behavior, transactions, biometrics and the like are examples of identifiers that may be used to authenticate devices. Rather than blindly trusting a certificate from a third party certificate authority, as is commonly done today, trust is instead earned by the number of successful authentications achieved over time.

"These dynamic pairing codes are a cornerstone of our MobileBio® encryption technology and we are pleased that this patent is about to be awarded" said Gino Pereira, CEO of NXT-ID. "This technology allows a much higher level of security for transactions than is currently employed and the licensing of this technology is a potential path to generating recurring revenue on financial transactions and the reduction of fraud losses by financial institutions.

NXT-ID, Inc.'s innovative MobileBio® solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio® suite of solutions that secure consumers' mobile platforms. For more information, please visit http://www.nxt-id.com

NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and has 22 licensed patents in the field of 3D facial recognition http://3d-id.net/

Product images are available for media at: http://press.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.

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.

 

 

NXT-ID Announces New WorldVentures DreamTrips SmartCards to Be Delivered in 2016; Purchase Order Valued up to $15 Million


MELBOURNE, FL -- (Marketwired) --  NXT-ID, Inc. (NASDAQ: NXTD) ("NXT-ID" or the "Company"), a company focused on the growing mobile commerce market, announces the first purchase order for a new SmartCard being developed for WorldVentures vacation club Members. On February 9, 2016, the Company announced that both companies signed off on the hardware specifications for the new product and that it was entering the manufacturing phase.

The DreamTrips™ card is a totally new product for NXT-ID and WorldVentures and will make travel, vacationing and even daily purchases simpler and more secure with a number of new and unique features to be announced prior to launch.

It is a next generation SmartCard that does not require a Wocket® and can operate as a stand-alone device. It can also sync to the DreamTrips Smartphone app for a connected user experience.

WorldVentures currently has approximately 500,000 DreamTrips Members, with as many as 80,000 new Members joining every month. The vision of WorldVentures's executive team is to make the SmartCard available to every
existing member and eventually, a general global consumer market.

The purchase order is for up to $15 million and is subject to WorldVentures acceptance of the prototype card now being manufactured. The purchase order calls for equal monthly deliveries with a value of $2.5 million a month from July to December 2016. With the exception of the order for the first $2.5 million, WorldVentures has the option to cancel, defer or increase monthly shipments with 90 days written notice on subsequent orders.

About WorldVentures WorldVentures Marketing, LLC is the leading international direct seller of vacation club memberships and helps people achieve more fun, freedom and fulfillment through their DreamTrips memberships which offer highly curated vacation, local entertainment, dining and event experiences enjoyed with the member community or individually. WorldVentures is a privately held company based in Plano, Texas, with active Representatives and Members in 28 countries. For more information, please visit www.worldventures.com.

About NXT-ID Inc. - Mobile Security for a Mobile World NXT-ID, Inc.'s innovative MobileBio® solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio® suite of solutions that secure consumers' mobile platforms. For more information, please visit www.nxt-id.com

NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and has 22 licensed patents in the field of 3D facial recognition http://3d-id.net/

Product images are available for media at: http://press.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.

NXT- ID Inc Contact:
Corporate info: Email Contact

Media:
D. Van Zant
800 665-0411
Email Contact

Source: NXT-ID, Inc.

 

 

Commentary found on Investopedia.com:

Best Stocks to Buy for Around $1 (NXTD, MBII)
By John Burke | February 12, 2016


"NXT-ID has a market capitalization of $31.95 million. Mike Latimore of Northland Capital Markets gives this stock a rating of outperform, with a price target of $5.75."


 

For investors prone to fantasizing about making a tremendous windfall on a longshot trade, the scenario usually involves buying a couple thousand shares of an undervalued stock, trading in the $1 range and selling those shares when the price hits $20. Attempts to make such dreams come true usually have unhappy endings. When the market beats a share price down to the penny stock range, it typically does so because most of the shareholders are running for the exits in fear of losing significant amounts of money.

However, there are many cases where a stock becomes wildly oversold due to an unfortunate news event or random circumstance. In some of those cases, buy-and-hold investors reap generous rewards for their patience after the share price makes a strong rebound. When searching for a lotto-ticket stock in the $1 range, focus on fundamental and technical indicators offering the possibility for a potential comeback.

NXT-ID
Keep an eye on
NXT-ID Inc. (NASDAQ: NXTD), a mobile commerce and biometric security technology company. Its stock price experiences frequent surges, climbing into the overbought range when its relative strength indicator (RSI) rises above 70. Investors respond well to the company's news, such as the Jan. 25, 2016, news release about the rollout of Wocket, causing a 29.11% price jump to $1.02 per share during that day's trading session.

The company touts its Wocket as the world’s first smart wallet. Wocket stores information from credit cards, debit cards and other data. Wocket includes near-field communication (NFC) technology, allowing customers to use this device instead of a card. Use of a smartphone or Internet connection becomes unnecessary because the customer conducts the transaction via NFC. The included WocketCard works anywhere credit cards are accepted and requires the customer's biometric (voice) stamp of approval to complete a transaction.

NXT-ID also produces FaceMatch, a modular facial recognition system for smartphones, tablets, laptops and desktop computers. VoiceMatch offers secure access to smartphones, laptops and other devices. MobileCloud and BioCloud provide remote access with identity authentication.

The stock price performance chart for NXT-ID shows the stock spending the second half of January 2016 above its 50-day moving average, after experiencing a bearish death cross on July 14, 2015. Its moving average convergence divergence (MACD) is soaring above the signal line, as both are well above the zero line. NXT-ID has a market capitalization of $31.95 million. Mike Latimore of Northland Capital Markets gives this stock a rating of outperform, with a price target of $5.75.

Read the full article at http://www.investopedia.com/articles/markets/021216/best-stocks-buy-around-1-nxtd-mbii.asp?partner=YahooSAs 

SOURCE: Investopedia.com

 

NXT-ID Announces Update on New DreamTrips Smart Card Developed by NXT-ID


BMELBOURNE, Florida, February 9, 2016 /PRNewswire/ -- NXT-ID, Inc. (NASDAQ:NXTD) ("NXT-ID" or the "Company"), a company focused on the growing mobile commerce market, updates progress on the new smart card being developed for WorldVentures vacation club members.

On Jan. 4, WorldVentures and NXT-ID, Inc. announced a strategic alliance to develop a proprietary new wireless smart card for its members, based on NXT-ID's Wocket® smart wallet technology. Yesterday, both companies signed off on the hardware specifications for the card which will now enter the manufacturing and testing phase. NXT-ID anticipates on time completion of the development schedule with initial deliveries of the card by the end of June 2016.

WorldVentures currently has approximately 500,000 DreamTrips Members, with as many as 80,000 new Members joining every month. The vision of WorldVentures's executive team is to make the smart card available to every existing member, and include the smart card, purchased from NXT-ID, in the member kit proved to every new member.

The new DreamTrips card will make travel and vacationing simpler and more secure with a number of new and unique features to be announced prior to launch.


About WorldVentures

WorldVentures Marketing, LLC is the leading international direct seller of vacation club memberships and helps people achieve more fun, freedom and fulfillment by offering DreamTrips™ memberships, which include premium vacations at reduced prices. WorldVentures is a privately held company based in Plano, Texas, with active Representatives and members in 28 countries. For more information, please visit http://www.worldventures.com.

About NXT- ID Inc. - Mobile Security for a Mobile World

NXT-ID, Inc.'s innovative MobileBio® solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio® suite of solutions that secure consumers' mobile platforms led by Wocket®; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. http://www.wocketwallet.com/

NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

Product images are available for media at: http://press.nxt-id.com

Wocket® is the smartest wallet you'll ever own. Designed to protect your identity and replace your old wallet, simply save your cards into Wocket once and they are immediately secured. You can choose a card from the touch screen and Wocket programs its single, smart card (Wocket Card) or uses its NFC touch to pay technology to match your selection. Your Wocket can be used virtually anywhere that credit cards are accepted today. Wocket can also display a variety of barcodes.

All your credit, debit, loyalty, gift, ID, membership, insurance, medical information, passwords, and virtually any other information can be protected on Wocket®.

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.
 

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About NXT-ID, Inc.

The founders of Nxt-ID have been involved in advanced biometric and security technology development for leading organizations within government and the corporate sector. The company, which was founded in 2011, has established an impressive portfolio of technology patents and biometric security solutions for corporations, government agencies and consumers.

With extensive experience in identity verification and encryption, Nxt-ID has developed advanced technologies for the capture, analysis and authentication of individual’s identities. With a particular focus on the growing mobile space, Nxt-ID offers innovative verification solutions with its MobileBio™ products.

In 2013, Nxt-ID launched Wocket®, its next generation smart wallet. Designed to protect the identity of users, it eliminates nearly all the physical cards in a wallet without needing a smart phone or internet connection. In addition to passwords and private notes, virtually any credit, debit, membership gift or loyalty card in a wallet today can be loaded and protected on Wocket. The included WocketCard works virtually anywhere magnetic stripe cards are accepted today and can only be used with the owner’s biometric (voice) stamp of approval or with a PIN. The Wocket can be stylishly accessorized to meet the taste and lifestyle of users, making it a true replacement for the conventional wallet.

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Corporate Profile

NXT-ID Inc is a United States-based company that provides security solutions to mobile devices. Our innovative MobileBio® solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio® suite of biometric solutions that secure consumers' mobile platforms led by the Wocket™ ; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/

 

PRODUCTS

Wocket®, by NXT-ID, is a next generation smart wallet. Designed to protect your identity and replace all the cards in your wallet without needing a smart phone or internet connection, Wocket can be stylishly accessorized to meet your taste and lifestyle. The included WocketCard works virtually anywhere credit cards are accepted and can only be used with your biometric (voice) stamp of approval. Virtually any card in your wallet today can be protected with Wocket.

Learn more about Wocket®
www.wocketwallet.com

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3D-ID provides visual solutions to effectively solve issues that cannot be addressed in a conventional two-dimensional format.

The need for domestic and commercial security has increased dramatically over the last decade. Offices, hospitals, prisons and other areas receive thousands of visitors each day. 3D-ID provides access control through biometric facial analysis and provides confidence that only authorized personnel are admitted.

The modern warfighter needs tools that give tactical superiority in order to carry out difficult missions unharmed. Any piece of equipment that can give better awareness and vision of their surroundings is extremely valuable. In the urban battlefield where threats are closer and more unpredictable, 3D-ID peripheral and rear vision solutions are especially valuable.

The members of 3D-ID and their partners have spent many years developing three-dimensional solutions.

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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® 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.

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.

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MobileBio™ VoiceMatch™ is a modular voice recognition technology that can be applied to a variety of platforms including smartphones, tablets, laptops and desktop computers. VoiceMatch™ can be embedded into virtually any device, providing superior security via voice biometrics that ensures the identify of the user prior to allowing access.

For individuals who use a variety of devices where the identification of the specific individual is important, the MobileBio™ VoiceMatch™ biosensor can communicate with the intended device directly or remotely. Verification can be performed locally or through the BioCloud™ identity management and information assurance platform.

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. Passive authentication on local devices such as smartphones, laptops and digital wallets allows for convenient and non-intrusive access.

NOTE: All biosensor based products follow National Institute of Standards and Technology’s (NIST) Special Publication 500-288 Specification for Web Service-Biometric Devices (WS-BD).

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MobileBio™ BioCloud™ is a cloud-based identity authentication solution for consumer applications and enterprise security.

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

MobileBio™ BioCloud™ authentication and identity management services provide biometric authentication, identity management, and secure remote access to a number of security critical operations such as online banking and mobile payments. This secure service supports financial institutions and corporations by minimizing capital expenditure on enterprise management security, and by providing essential end-to-end encryption of sensitive information. With the increased demand and use of mobile devices, MobileBio™ BioCloud™ provides advanced biometric authentication for users accessing corporate data and performing financial transactions from mobile devices.


 




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