CORAL SPRINGS, Florida, August 12, 2014 /PRNewswire/ --
Tech Advancements & Smart technology news and notes: tech giants perfecting large scale battery developments while biometric companies are forging ahead with digital wallets aimed to pave the way for increased mainstream usage among consumers: NXT-ID, Inc. (OTCBB: NXTD), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), Visa Inc. (NYSE: V) and Tesla Motors Inc. (NASDAQ: TSLA).
NXT-ID, Inc. (OTCQB:NXTD), a biometric authentication company focused on the growing mobile commerce market, announced today that its Wocket™ Smart Wallet will now contain a rechargeable battery with the calculated time between charges for the average user at over a year. "We wanted to achieve something truly unique for our customers; something never achieved before," states David Tunnell, CTO of NXT-ID, Inc. "We developed Wocket™ with extremely efficient power management so that users never have to worry about being without their wallet. Since Wocket™ does not depend on any other device such as a cell phone; users can be assured they have a smart wallet that always works."
To read the full NXTD press release issued todoay, please click here: http://financialnewsmedia.com/profiles/nxtd.html
Responding to customer feedback, NXT-ID announced that it will include a rechargeable battery in its innovative Wocket™ Smart Wallet. Assuming 5 payments a day, Wocket™ will not require a recharge for over a year. The low-power performance of Wocket™ not only achieves a battery life 100x greater than that of other mobile devices, but also moves NXT-ID one step closer to achieving its ultimate goal of battery-less wearables. "We listened to our customers' desire for a rechargeable battery and responded with a solution that does not require a recharge for more than a year for average use," says Gino Pereira, CEO of NXT-ID, Inc. "Unlike any other mobile or wearable device, users will have literally months of advance warning to charge their Wocket™. For a feature rich wearable, with a touch screen, gesture control, multifactor authentication including biometrics, Bluetooth Low Energy, and inductive and magnetic features, this is quite an achievement."
In other news in the digital wallet space, rumors of Apple Inc.'s (NASDAQ: AAPL) iPhone 6 containing smart wallet technology fuels the belief that digital currency and wallets will continue to become more popular among the public. It's also been speculated Apple could be teaming up with Visa Inc. (NYSE: V) in order to create a secure payment platform.
Meanwhile, Google Inc. (NASDAQ: GOOG) already offers its version of a digital wallet, the Google Wallet, on Android smartphones. To read more about these developments in the digital wallet space, please click here: http://wallstcheatsheet.com/technology/will-apples-iphone-6-finally-make-digital-wallets-popular.html/?a=viewall
Also in Large Scale Industrial, Nanotechnology & lithium battery news, Stanford researchers have taken a big step in developing a pure lithium battery. The new battery, which may not reach the market for three to five years, would allow an electric car to have a 300-mile range and would triple the time a cell phone's battery would last before needing to be recharged. Read more about the research at http://www.stanforddaily.com/2014/08/09/researchers-take-major-step-towards-longer-battery-life/ Additionally, Panasonic Corporation and Tesla Motors, Inc. (NASDAQ: TSLA) have signed an agreement that lays out their cooperation on the construction of a large-scale battery manufacturing plant in the United States, known as the Gigafactory. According to the agreement, Tesla will prepare, provide and manage the land, buildings and utilities. Panasonic will manufacture and supply cylindrical lithium-ion cells and invest in the associated equipment, machinery, and other manufacturing tools based on their mutual approval. To read more about the TSLA & Panasonic Gigafactory arrangement go to http://finance.yahoo.com/news/panasonic-tesla-sign-agreement-gigafactory-073000084.html
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