Biometric-Mobile Wallet Technology Takes Aims at a Target Market Of Nearly $1Billion Potential
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.
Apple Inc. (NASDAQ: AAPL) has reportedly closed a deal to acquire PrimeSense, the 3D-sensor company behind Microsoft's Kinect sensor. Apple paid $345 million for the Israel-based company, according to a Calcalist financial newspaper report on Sunday that didn't cite sources. Perhaps best known for powering the gesture control used by Microsoft's Xbox 360 game console, the company's technology is also used in 3D scanners, iRobot's Ava, and the Asus Xtion.
Brocade Communications Systems, Inc. (NASDAQ: BRCD) recently announced an addition to the company's campus networking family with the new Brocade® ICX® 7750 Switch, which delivers the simplification and automation provided by the Brocade HyperEdge™ Architecture. The Brocade ICX 7750 is the first high-density 10/40 Gigabit Ethernet (GbE) fixed-port solution purposely designed to enable scale-out solutions for campus aggregation. The switch enables the scale-out of campus aggregation networks, helping organizations seamlessly add network capacity in an agile, cost-efficient manner. The Brocade ICX 7750 will be shown for the first time at SuperComputing 2013 this week in Denver, Colorado.
Cisco Systems, Inc. (NASDAQ: CSCO) and the New York Academy of Sciences (the Academy) recently announced two new partners, the City of Buenos Aires, Argentina and the State University of New York (SUNY), will join The Global STEM Alliance. Cisco and the New York Academy of Sciences have established The Global STEM Alliance to bring curriculum resources, inter-generational mentorship and access to cutting-edge science and technology research to students around the world. The country of Malaysia and The City of Barcelona were the first to join the Alliance in October at the Internet of Things (IoT) World Forum in Barcelona on October 29, 2013.
NQ Mobile™ Inc. (NYSE: NQ) a leading global provider of mobile Internet services, today announced that NQ Mobile Security™, NQ Mobile's flagship security app, has been named winner of the "Consumer Trust" category at the 2013 Mobile Entertainment Awards (the "MEFFYS"). Celebrating its 10th year, the MEFFYS are one of the mobile industry's most coveted awards, honoring achievements across mobile content and commerce and recognizing innovation from around the globe.
Yahoo Inc. (NASDAQ: YHOO) ups buyback authority by $5B; to offer senior notes Yahoo (YHOO) adds $5B to its share buyback authorization. The news came as the company says it will offer a private placement of $1B in convertible senior notes, due in 2018.
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