Leading Tech Brief: Revenue News, Product Announcements & Mobile Apps Making Big Strides in Biometrics Industry
CORAL SPRINGS, Florida, November 5, 2013 /PRNewswire/ --
Market News updates for sophisticated biometrics and technology solution providers in today's marketplace: NXT-ID (OTCQB: NXTD), Extreme Networks, Inc. (NASDAQ: EXTR), Dell Inc.'s (NASDAQ: DELL), 3D Systems (NYSE: DDD) and Alcatel-Lucent (NYSE: ALU).
NXT-ID, Inc., (OTCQB: NXTD) Announces Release of Biometric Mobile App Ahead of Schedule - Revenues for Voicematch(TM) Anticipated First Quarter of 2014; Voicematch(TM) to Be Available for Smartphones, Tablets, Laptops and Desktops - NXT-ID, Inc, a biometrics company focused on the growing m-commerce market and its wholly owned subsidiary, 3D-ID, LLC, announced today that it has successfully developed its Voicematch(TM) algorithm for mobile platforms. Originally scheduled for full release in Q3 2014, progress on the development of Voicematch(TM) Mobile App technology has exceeded original expectations, prompting NXT-ID to release the product earlier than anticipated.
Voicematch(TM) is a new method of recognizing both speakers and specific words providing innovative multi-factor recognition that is efficient enough to run on low-power devices..
Read the entire press release at http://www.fnmprofiles.com/profiles-nxtd.php
"We are extremely excited to enable speaker recognition as a multi-factor authentication method for mobile and wearable devices, as speaking is a very natural way to be authenticated," says Gino Pereira, CEO of NXT-ID. "Apple has validated the use of biometrics on mobile platforms by the use of fingerprint scanners on its latest products. Voice authentication is the next step forward."
Extreme Networks, Inc. (NASDAQ: EXTR) announced revenue of $75.9 million for its first quarter of fiscal 2014 ending September 30, 2013. This represents a 0.3% decrease compared to revenue of $76.1 million reported for the first quarter of fiscal 2013 and a 4.5% decrease compared to the fourth quarter of fiscal 2013. GAAP net income / loss for the first quarter was approximately breakeven, which includes $3.7 million expense related to Enterasys Networks acquisition, and is a decrease year-over-year compared to GAAP net income of $12.9 million, or $0.14 per diluted share, for the first quarter of fiscal 2013. The prior year included a $11.5 million one-time gain on the sale of facilities. On a non-GAAP basis, net income for the first quarter of fiscal 2014 was $5.3 million, or $0.06 per diluted share, compared to non-GAAP net income for the first quarter of fiscal 2013 of $3.5 million, or $0.04 per diluted share.
Dell Inc.'s (NASDAQ: DELL) directors and top executives received a combined $59.1 million as part of the $24.9 billion leveraged buyout by Michael Dell and Silver Lake Management LLC. The payout included partial compensation for options that couldn't be exercised because their conversion prices were more than the purchase offer of $13.75 a share, according to filings with the U.S. Securities and Exchange Commission that were made public Oct. 31.
3D Systems (NYSE: DDD) announced that consistent with its decision to further extend its first mover advantage in key verticals, it plans to commercialize a number of significant new products, including several breakthrough advanced manufacturing printers and professional scanners, at EuroMold 2013 in Frankfurt, Germany, December 3 -- 6, 2013, at the Frankfurt Messe. 3DS will exhibit its complete lineup of professional products at stand E68 and its extensive consumer products at stand B79 both located in hall 11. "We encourage everyone to join us for the largest and most exciting EuroMold exhibit in our history," said Cathy Lewis, 3D Systems' Chief Marketing Officer.
Alcatel-Lucent (NYSE: ALU) and Dr. Patrick Soon-Shiong's convergence-focused NantWorks, LLC, recently announced a definitive agreement by which NantWorks will acquire Alcatel-Lucent's Digital Multimedia Solutions product business unit. The financial terms of the deal have not been disclosed. The Digital Multimedia Solutions (DMS) unit's telco-proven portfolio, which is based on its complementary discovery, interactive media and monetization platforms, along with its long international reach, experienced team and spirit, is currently accelerating into spaces as diverse as advance television, new media, digital advertising, retailing services, and health. It will serve as a springboard to launch all NantWorks mobile-based health and image recognition mobile solutions further and faster.
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