Research Reveals Electronic Wallet Technology Primed to Take Digital Currency Market by Storm
CORAL SPRINGS, Florida, December 12, 2013 /PRNewswire/ --
Electronic wallet technology and biometric platforms brings the future to today; market updates for leaders in the technology sector: NXT-ID, Inc. (OTCQB: NXTD), Rambus, Inc. (NASDAQ: RMBS), Twitter, Inc. (NYSE: TWTR), Cisco Systems, Inc. (NASDAQ: CSCO) and Nuance Communications, Inc. (NASDAQ: NUAN)
SoundView Technology Group: New research note points to recent industry developments as important drivers to adoption of the upcoming NXT-ID, Inc. (OTCQB: NXTD) Wocket™. Over 7 million consumers have watched a marketing video for a new digital wallet with a very limited feature set. Consumer interest in this product area is high and accelerating. The commercial development of new digital currencies like Bitcoin has continued despite extreme price volatility. Industry leaders from companies like PayPal have acknowledged the value and viability of the new currency. At the same time mainstream venture capital firms like Andreesen Horowitz have stepped up their efforts to find "major bets" to make in this new market.
To read the full press release, click here: http://www.fnmprofiles.com/profiles-nxtd.php
These industry developments increase our confidence and enthusiasm for the NXT-ID (NXTD) Wocket™ both as a digital wallet and a potential secure storage option for Bitcoins. As we outline in our note, the Wocket has a much more robust design in terms of security and usability. NXT-ID is an early stage technology company going after a large market. SoundView Technology Group points out that based on initial traction and a conservative intrinsic valuation (IV) model show a fair value of $11/share we see NXT-ID continuing to benefit from intensive investor attention to this space. Read their full report http://s3.amazonaws.com/Published_Research/NXT-ID_NXTD_NOTE_DEC_2013.pdf
Rambus, Inc. (NASDAQ: RMBS) news: With wearable technology moving beyond product concepts to actual consumer products, companies are faced with a new set of challenges to maintain a competitive edge. Wearable Wednesday is a global, open community forum focused on the blend of technology, art and humanity in the wearable technology and Internet of Things ecosystem. In this panel with Microsoft Ventures and Movidius, Rambus' Chief Marketing Officer Jerome Nadel will share his thoughts on the product opportunities brought on by the innovation in wearable technology. Together, the panel will discuss challenges companies face today, success stories, funding triggers, and lessons learned when launching the next big thing in wearable technology.
Twitter, Inc. (NYSE: TWTR) is a global platform for public self-expression and conversation in real time. It provides various products for users, including Twitter that allows users to express themselves and create, distribute, and discover content; Vine, a mobile application available on the iOS and Android operating systems that enable users to create and distribute short looping videos; and #Music, a mobile application that helps users discover new music and artists based on Tweets. The company also provides a set of development tools, public application programming interfaces, and embeddable widgets that developers can use to contribute their content to its platform; distribute Twitter content across their properties; and enhance their Websites and applications with Twitter content. In addition, Twitter, Inc. offers promoted products comprising promoted Tweets, promoted accounts, and promoted trends for advertisers; and provides subscription access to its data feed for data partners. On Wednesday, TWTR closed up .67% on over 26 million shares traded.
Cisco Systems, Inc. (NASDAQ: CSCO) Archipelago International, one of Indonesia's leading hospitality management companies, has implemented Cisco (NASDAQ: CSCO) cloud networking solutions for wireless and wired network access for their guests as well as a scalable and effective dashboard to manage their rapidly expanding network. Archipelago International operates more than 70 hotels and hospitality brands, such as Aston Hotels, Alana Hotels, Harper Hotels, Quest Hotels, Neo Hotels, Favehotel, and Kamuela Villas across Indonesia, the Philippines, and Malaysia.
Nuance Communications, Inc. (NASDAQ: NUAN) recently announced significant speech recognition accuracy and workflow enhancements to the PowerScribe 360 platform that will enable a quality, data-driven approach to radiology reporting for radiology groups, hospitals and healthcare systems. The latest version of the PowerScribe 360 platform allows radiologists to more easily navigate changing reimbursement models by driving efficiencies in the creation of actionable, structured reports that directly improve patient care.
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