(Released 7 November 2016) Melbourne, FL - 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.
For more information on NXT-ID, Inc go to: www.nxt-id.com
About Nxt-ID, Inc.
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/, www.logicmark.com.
NXT- ID Inc Corporate Info Contact:
D. Van Zant