Tag: 3d facematch

October 29, 2013, Shelton, CT- NXT-ID, Inc, (NXTD: OTCQB) a biometrics company focused on the growing m-commerce market and its wholly owned subsidiary, 3D-ID, LLC, today announced an agreement with Indian/U.S.technology company, Voice of Big data (VOBD), to distribute its patented 3DFaceMatch™ biometric facial recognition identification systems in India.

3D FaceMatch™ will be added to Voice of Big data’s current Facial Signature product line as part of its security and intelligence division. The technology will be targeted to retail markets, law enforcement, airports, government agencies, public and private organizations, product development centers and offshore development centers. 

Voice of Big data reported to fytimes.com in August that it will be the first company in India to launch 3D facial recognition technology in India. 

It was recently chosen as one of the top 10 promising technology startups in India by Nasscom’s Emerge; (ET Times October 25th). The fast growing company has 65 employees comprising 20 data scientists and anticipates hiring 80 more by the end of the year. 

Mr. Gino Pereira, Chief Executive Officer of NXT-ID, Inc said, “Clearly, this is another milestone in our history as we continue to make solid progress as we implement our growth strategy. We are delighted to be partnering with VOBD in such an exciting developing market. India is at the forefront of the biometric revolution and with our combined expertise in 3D facial recognition and the ability to analyze large amounts of data very quickly I believe we can contribute substantially to biometric adoption here.”  

“Srinivas Kishan Anapu, CEO of VOBD, reiterated that the partnership with NXT-ID is a major strategic milestone for Voice of Big Data in the R&D space and for implementation of facial recognition solutions across industries globally. Additionally we see a huge value addition to our customers especially in India.” 

3D FaceMatch™ facial imaging solutions provide government, law enforcement and security agencies with fast, precise, automated and low-cost solutions for biometrically-accurate imaging of human faces in three dimensions. By acquiring the shape of a subject’s face, together with a perfectly registered image, FaceMatch technology enables dramatic performance enhancements in human identification systems ranging from manual photo ID verification to automated facial recognition.

The global facial recognition market is estimated to grow from $1.92 billion in 2013 to $6.5 billion in 2018 according to a report earlier this year from http://www.marketsandmarkets.com/. Analysts forecast the biometrics market in India to cross USD 2 Billion revenues by 2018. 

About Voice of Big data (VOBD)

Voice of Big data (VOBD) has its offices spread across US, UK, Australia and India. The company is incorporated with focus to provide sustainable BI solutions to clients. We have a highly dedicated team that constantly researches the trends in Bigdata, providing the most optimized solutions to the clients in BI space. At VOBD, Over 70% of Analytics is performed against Structured & Unstructured data. VOBD has invested in focused groups around tools & frameworks to provide client value-adds. This experience has helped VOBD build robust CoEs and reusable Frameworks for its customers. VOBD currently comprises of a Full time team of professionals from all domains and technologies related to Big data, BI and Analytics. VOBD has expertise across BFS, Insurance, Media, Manufacturing, Retail, Technology, Healthcare, Life Sciences and Utilities domains. http://voiceofbigdata.com 

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

NXT-ID, Inc.’s (OTCQB: NXTD) 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. NXT-ID’ wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

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. 

Contact: 

Corporate info: [email protected] 

Investor Inquiries:

Kirin Smith

ProActive Capital Group

Direct: 646 863 6519

[email protected]

Electronic Wallet, the Wocket, To Use Voice Biometrics

Shelton, CT- NXT-ID Inc. (OTCQB: NXTD), a biometrics company focused on the growing mobile commerce market, today announced that it has issued the following product update for the  Wocket™ and 3D FaceMatch™ Systems.

Mr. Gino M. Pereira, CEO of NXT-ID, Inc. notes, “ NXT-ID is building an innovative, next -generation information security platform using advanced biometric technology to enable secure transactions, identity management, and access control via mobile and other devices in an intuitive, cost-effective and easy-to-use manner. NXT-ID is creating a new paradigm in information security.”

He also added, “At the heart of NXT-ID’s new paradigm is real-time, dynamic, multi-factor biometric authorization that is user friendly and extremely difficult to hack, thus providing greater security beyond conventional security systems. This system combines multiple attributes that are unique to each user such as face, voice, fingerprint, and retina with multiple attributes that are unique to other identifiable features, such as devices and accounts, to form an impenetrable security solution. By introducing this new paradigm, NXT-ID hopes to shatter the conventional User/Password structure that currently exists. “

“The market opportunity for NXT-ID’s biometric security products is significant. The Wocket™ alone has a target market of nearly $1B in the U.S. The opportunity will expand across multiple segments, given that the company’s products target consumers, enterprise and government agencies in the U.S. and overseas.”

NXT-ID’s expertise in biometrics, along with its growing patent portfolio of cutting edge technology, gives the company a solid foundation upon which to make the new security paradigm a reality in the marketplace. The product roadmap is ambitious with several new security products scheduled for release in the months ahead, all of which are based off of the company’s Mobile-Bio™ platform. NXT-ID is using its Mobile-Bio™ platform to commercialize a range of next generation security products targeted at a range of applications that extends across multiple segments. These products include:

1. The Wocket^TM – a new class of biometrically secure mobile devices designed to bring the traditional wallet into the 21st century by providing the functionality of a wallet and incorporating a touch screen and a single dynamically programmable card to use for credit, debit and any other magnetic stripe functions.

2. Mobile-Bio FaceMatch^TM – 2D, 3D and pseudo 3D methods to perform facial recognition.  Additionally, NXT-ID is seeking to incorporate its patent pending “FacePassword” as a method to add multi-factor face and face movement to Dynamic Pairing Codes using simple low-power embedded processor on an external device (biosensor), such as a Wocket™, that then connects to other end-points using Dynamic Pairing Codes.

3. Mobile-Bio Sensor^TM – 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. VoiceMatch^TM – a unique biometric-enabled method to add multi-factor biometric identifiers (both speech and speaker recognition) to Dynamic Pairing Codes using simple low-power embedded processor on an external device (e.g., BioSensor), such as the Wocket™, that then connects to other end-points using NXT-ID’s Dynamic Pairing Codes.

5. Mobile BioCloud^TM – a cloud-based end-point (authentication service) to authenticate any “end-point” along a communication path, such as external biosensors such as the Wocket™ and/or other PCs or servers along the path.  A dynamic pairing code is sent to the BioCloud™ where it is combined with other “identifiers” (such as device serial number, master key, wallet key, dynamic pairing keys, Firmware key) dynamically (per NXT-ID’s proprietary algorithm that selects which identifiers are used when) to issue a response, which is the compared by each end-point.

NXT-ID’s Mobile-Bio™ platform is diverse and contains a host of proprietary, next generation security technologies. The diversity of the platform is a key asset. It reflects the experience and depth of the company’s management and software developers in biometric technology. The platform enables NXT-ID to produce a range of innovative products incorporating proprietary methods targeted at different applications and market segments that includes m-commerce, enterprise, law enforcement, defense and Homeland Security.

NXT-ID plans to develop and foster market niches targeted at consumers and small business while continuing to serve the law enforcement and defense markets.

The Company is currently testing its 3D FaceMatch system for law enforcement with Palm Bay Police in Florida and is ruggedizing the system for real world conditions. This work is expected to be completed by the end of November 2013 and the 3D facial recognition system is anticipated to be launched for sale to law enforcement and corporations desiring secure access control in December 2013. The Company has hired an in-house sales representative to facilitate demonstrations and sales.

The Wocket development is proceeding well and several key modules have been completed. A manufacturing prototype is anticipated to be completed by December 2013 and sales of this product are expected to commence in the first quarter of 2014. The Company is taking a segmented approach to this very large consumer market and targeting 3 niche markets initially;

a) Students at colleges and universities

b) Organizations that offer members identity protection services, and

c) Banks that wish to offer premier customers a novel, advanced, secure method of payment 

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

NXT-ID, Inc.’s (OTCQB: NXTD) 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. NXT-ID’ wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/ , http://3d-id.net/

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.

Contact:

Corporate info: [email protected]

Investor Relations

Kirin Smith

ProActive Capital Group

Direct: 646 863 6519

[email protected]