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NXT-ID, Inc Announces Participation as Member of T

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Post# of 89335
Posted On: 05/20/2015 8:42:04 AM
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Posted By: Roger Wilco
Re: Thatstockguy #43631
NXT-ID, Inc Announces Participation as Member of Team Battelle for TIES Contract Award

May 20, 2015 /PRNewswire

NXT-ID, Inc. (NASDAQ:NXTD, NXTDW) announces that its wholly owned subsidiary, 3D-ID LLC, a company engaged in biometric identification is an official contractor under Team Battelle for the biometrics technology portion of the recently awarded TIES (Technical Information Engineering Services) Unrestricted Suite Contract from the Department of the Army.

3D-ID LLC has a suite of 3D facial recognition products developed for government, law enforcement and security agencies.

Gino Pereira, Chief Executive Officer said, "We are very proud to be part of Team Battelle and contributing our expertise in biometric technologies. This award is the culmination of 2 years hard work by many parties involved. Although the Company's primary focus has been on our biometric smart wallet, the Wocket®, currently being shipped to our pre-order customers, we have continued to develop opportunities for our core biometric products. We look forward to supporting Battelle on future task orders. "

The contracts were awarded on 08 May 2015, and include nine total awardees. The estimated total contract value of the entire TIES program is $994M. This IDIQ contract will be Task Order driven and Task Orders under the Unrestricted Suite will be issued on a Full and Open Competition Basis among all nine Awardees.

The work conducted under TIES will span multiple areas of interest supporting the Information and Intelligence (I2WD) mission including Biometric Enabled Intelligence (BEI). I2WD is the Intelligence and Information Warfare Directorate which is part of the US Army's Communication's-Electronics Research, Development and Engineering Center (CERDEC).

About Battelle

Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.

See more at: http://www.battelle.org

About NXT- ID Inc. - Mobile Security for a Mobile World: (NXTD)

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 biometric 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. Wocket was recognized as one of the top technology products at CES 2015 by multiple media outlets including Wired.com. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. 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/


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