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Biometric-Mobile Wallet Technology Takes Aims at a Target Market Of Nearly $1Billion Potential
Date:11/20/2013

CORAL SPRINGS, Florida, November 20, 2013 /PRNewswire/ --

Market news updates for advancing leaders in the Tech, Biometrics & Mobile App Industries:  NXT-ID, Inc. (OTCQB: NXTD), Apple Inc. (NASDAQ: AAPL), Brocade Communications Systems, Inc. (NASDAQ: BRCD). Cisco Systems, Inc. (NASDAQ: CSCO) and NQ Mobile Inc. (NYSE: NQ)

SoundView Research, a leading independent research firm, recently published a report on NXT-ID, Inc., (OTCQB: NXTD) featuring the market and opportunity for its leading product, The Wocket™.  SoundView Research states, "We estimate that NXT-ID can capture 6 million users in the U.S. for its Wocket product. Based on the estimated selling price of The Wocket at $99.99 per unit, and including the optional insurance program and other ancillary services we estimate the U.S. market opportunity for NXT-ID'S Wocket to be in the range of $780M to $930M."

To read the full press release, please click here:  http://www.fnmprofiles.com/profiles-nxtd.php

The Wocket™, anticipated to be coming to market in the first quarter of 2014, is a new biometrically secure device designed to replace the traditional wallet and the number of cards consumers carry. Its dynamically programmable magnetic stripe, NXTCard can replace up to 100 cards and can include medical records, ID, coupons etc. that are currently kept in a wallet, with one single secure card.  The Wocket™ has a target market of nearly $1B in the U.S. alone. 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.

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SOURCE FN Media Group, LLC
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