NXT-ID, Inc. - (NASDAQ: NXTD) -
January 6, 2016
NXT-ID, Inc News - SoundView Technology Group Issues NXT-ID
(NXTD) Update; New Growth via Partnerships
"Our IV changes are detailed below but our new IV of $6.13
suggests large reward versus the risk reflected in the current share price."
January 5, 2016 /PRNewswire/ - SoundView Technology Group (http://soundview.co)
releases the following market and company update for
NXT-ID, Inc. (NASDAQ:
Market & Company Update - New Growth via Partnerships
In the course of selling Wockets directly to consumers via the their website (wocketwallet.com)
and using specialized channels it's become clear that achieving large volumes
and scale will come much faster using a B2B
approach. Our first example is a new development and distribution agreement with
a travel-focused company called WorldVentures.1 (Read the full
This has major advantages for NXTD investors. The company can focus on what they
do best which is technology and product development and leverage large
value-added industry channels like WorldVentures for customization and
The impact on numbers is dramatic - although the company will fall well short of
our 40K unit estimate for 2015 they will greatly exceed our current 120K
estimate for 2016. If all goes as planned NXT-ID will "pull forward" our volume
forecast by about two years. Additional partnerships like the one with
WorldVenturs are targeted for other consumer-oriented markets.
The "shift" to EMV or "chip cards" has muddied the waters in the payment space
and made it more difficult for early Wocket customers to enjoy a high level of
acceptance. Nearly every major retailer has adopted a slightly different method
of dealing with the situation - some have turned off EMV, others support both
EMV and traditional swipe, others see the mess as a good excuse to go "all the
way" with NFC and mobile payments.
For NXT-ID that means rolling out an NFC-based version of the Wocket which will
allow consumers to enjoy broad acceptance of their Wocket card and simpler use
at the point of sale. The testing and acceptance process with the major issuers
takes time so we're not expecting a new version on the market until 1H2016 but
we fully expect the card payment space to remain in a state of flux through that
time period. Meanwhile NXT-ID will have plenty to focus on in terms of
delivering against their new deal with WorldVentures.
Our IV changes are detailed below but our new IV of $6.13 suggests large
reward versus the risk reflected in the current share price. If NXT-ID were a
private company doing a venture round the valuation would be at least 10x the
current share price.
Link to the full report:
Past reports and related research can be found on our website at http://soundview.co/infosec.
Editor's Note: This article covers one or more stocks trading at less than $1
per share and/or with less than a $100 million market cap. Please be aware of
the risks associated with these stocks.
SoundView serves as a strategic advisor to NXT-ID and provides this research
note for informational purposes only. SoundView does not have "ratings" and is
not an investment bank, broker/dealer or registered investment advisor. We've
undertaken to research all facts presented here but can make no promises that
they are correct or that our reasoning and supporting intrinsic valuation model
is an accurate depiction of the future. SoundView employees may have positions
in stocks they work on however at the time of this writing we are not aware of
any outstanding positions in the shares of NXT-ID.
About NXT- ID Inc. - Mobile Security for a Mobile World: (NXTD)
SoundView Technology Group
SOURCE SoundView Technology Group
WorldVentures and Nxt-ID Form Strategic Alliance to Create
Next Generation Smart Card
- New innovation will allow WorldVentures DreamTrips™
Members to earn restaurant
points towards free vacations.
- WorldVentures users to experience more convenient, more secure way to travel
with one smart card.
- First iteration of concept to be introduced at the WorldVentures UNITED annual
conference in Orlando, Jan. 15-17.
/PRNewswire/ -- NXT-ID, Inc. (NASDAQ:
(WorldVentures®, a privately held leading direct
seller of vacation and entertainment club memberships and Inc. 5000
fastest-growing company, today announced that it has reached a definitive
agreement with Connecticut-based Nxt-ID, Inc. (NASDAQ: NXTD), a company focused
on the growing m-commerce market.
The agreement calls for WorldVentures to make a strategic investment of
$2 million in Nxt-ID to develop a proprietary new wireless smart card for its
members-numbering in the several hundreds of thousands worldwide-based on
Nxt-ID's Wocket®, a unique smart wallet that serves to securely store all credit
cards. The smart card will be customized with
additional technologies and wireless features, such as the ability to seamlessly
integrate with WorldVentures's DreamTrips App to wirelessly check in and earn
loyalty points towards free DreamTrips vacations at select restaurants.
DreamTrips is a travel club and entertainment community where Members enjoy
exciting excursions year-round to extraordinary destinations.
The agreement also provides that upon completion of development, the card will
be sold exclusively to WorldVentures to be distributed and made available to its
In addition, the agreement provides for ongoing enhancement of the smart card
with new product innovations already in development. Enhanced Next-ID technology
is intended to:
- Replace all cards in the user's wallet
- Store hundreds of credit cards, loyalty cards, records and other data, and be
used virtually anywhere payment can be made with a credit card
- Offers added identity protection for increased peace of mind while traveling
- Allow Members to earn points at select restaurants worldwide that can be used
towards DreamTrips vacations
- Foster social interactive engagement with DreamTrips Members worldwide through
its wireless App and card communication features
The strategic alliance supports WorldVentures's mission to help its Independent
Representatives and DreamTrips Members get more fun, freedom and fulfillment in
their lives. "In this high-tech, hyper-connected world, we are enabling people
to use technology in a more powerful and compelling way," said Wayne Nugent,
World Ventures Co-founder and Chief Visionary Officer. "And our Independent
Representatives will be able to bring this exciting new innovation to travelers
all over the world, making their experiences richer, safer, and more engaging
WorldVentures fosters an environment where independent-minded entrepreneurs can
build their own businesses, set their own direction and make a living…living!®
The customized smart card is the first of many innovations that will help them
do that. "This is only the beginning," said Dan Stammen, WorldVentures Chief
Executive Officer. "Our collaboration with the Nxt-ID executive and technology
teams not only sets WorldVentures apart in the direct selling industry, but will
allow us to develop the most technologically advanced human networking
interactions through new products while continuously enhancing our current
Nxt-ID President and Chief Executive Officer Gino Pereira says, "We are
tremendously excited about our strategic partnership with WorldVentures. This is
a great example of the type of partnership that we are seeking in order to
leverage our unique technologies. WorldVentures has an extraordinarily
successful distribution model and a very talented and inspirational management
WorldVentures will introduce the concept at its UNITED annual conference Jan.
15-17, 2016 in Orlando, Fla. "This year marks our company's 10th anniversary,"
muses Nugent, "and as we enter into the next decade it is no longer as a direct
marketing organization, but as a technology company that uses direct marketing
to bring exciting innovations, business opportunities and one-of-a-kind
experiences to our members worldwide."
WorldVentures 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 unique vacations at reduced
prices. WorldVentures is a privately held company based in Plano, Texas, with
active Representatives and Members in 28 countries. http://worldventures.com
About Nxt-ID, Inc.
Nxt-ID, Inc. is focused on the growing m-commerce market, launching its
innovative MobileBio suite of biometric solutions that secure consumers' mobile
platforms led by Wocket, a next generation smart wallet designed to replace all
the cards in your wallet.
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.
Media Contact, WorldVentures:
Manager, Public Relations
World Ventures Holdings, LLC
Media Contact, Nxt-ID, Inc.:
D. Van Zant
SOURCE NXT-ID, Inc.
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.
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.
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®
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
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.
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
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
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).
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
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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