CORAL SPRINGS, Florida, June 27, 2014 /PRNewswire/ --
Leading Tech and Biotech companies provide updates on latest smart technology developments, aim to compete for consumers' interests: NXT-ID Inc. (OTCBB: NXTD), Google Inc. (NASDAQ: GOOG), Apple Inc. (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT) and Symantec Corporation (NASDAQ: SYMC)
SoundView Technology Group releases the recent research update on NXT-ID Inc. (OTCQB:NXTD) and its smart wallet, Wocket™. Recent developments following the June 11th update include the Company has filed for a NASDAQ application and appointed a new independent Board member to satisfy that requirement for listing.
Wocket™ Launches into Waiting Market - Kris Tuttle & Stephen Waite - June 11, 2014 - As a prelude to what will be a more active marketing phase, the event included attendance by the media, investors, analysts, and Miss Universe 2012, which added a special level of energy and media attention. Online preorders are available with first units shipping to consumers in September at a price of $149.99, plus some optional services for customers that require additional protection.
To read the full NXTD press release, please click here: http://www.fnmprofiles.com/profiles-nxtd.html
Summary From SoundView Technology Group: The Wocket™ was officially launched on May 28th at the Plaza Hotel in NYC. All the feedback we received from attending suggests that consumers who get a chance to see and understand it, immediately want one. It's a viable way to deliver something consumers can use as a digital wallet that is secure, private, and able to handle all their payment, identification, and loyalty needs. The Wocket is really a wallet replacement, and the functional demonstration worked very well. We'll be monitoring the progress and consumer reaction very closely over the next few months with an eye to validating our IV model, which currently suggests a stock value of $11.70/share.
Sales Projections and Intrinsic Valuation for NXTD From SoundView Technology Report: Over the past year we've seen plenty of data showing that there is strong desire for a device like the Wocket. Consumers are still waiting for an actual product to buy and use. Initial sales volumes will depend on initial orders, and initially, on the ability of NXT-ID to ramp production and manage some longer lead time components. After a review of our current projections and intrinsic valuation (IV) model, we don't see anything that needs to be changed. However, extending the projections and model out an additional year allows us to publish a 2015 IV estimate of $20.55.
Our current estimate for sales in 2014 is 40K units, which grow fast in later years to reach nearly 1M units in 2018 and 1.5M units in 2019. These unit projections are still very low considering the small penetration rate needed to generate those numbers. If the Wocket is successful, unit growth can be much faster. Many investors were surprised by how quickly new categories like the iPad reached large numbers of units after consumer adoption. We won't have any real visibility on these longer term projections until 2015, but have a credible working forecast to start with. Read the FULL SoundView Technology Group Report at http://s3.amazonaws.com/Published_Research/NXT-ID_NXTD_Update_Note_Final_June_2014.pdf
On Wednesday, Google (NASDAQ: GOOG) launched a new Android platform for watches that it hopes will change history by skipping the part where Apple gets there first. As Apple (NASDAQ: AAPL) apparently worries over every exquisite detail of its entry into the smartwatch market, Android Wear represents Google's hope of commodifying the concept before its rival can make the idea of a wrist computer seem special. Android became more commonplace than iOS on phones because Google allowed other handset makers to use it, the same way Windows became ubiquitous while the Mac OS did not. To read the full story, please click here: http://www.wired.com/2014/06/google-smartwatch-os/
Microsoft (NASDAQ: MSFT) also continues to develop its footprint on the smart technology landscape, with reports of a smartwatch potentially being released this summer. The device will draw on optical engineering expertise from Microsoft's Xbox Kinect division to continuously measure heart rate through the day and night, according to multiple sources with knowledge of the company's plans, while the battery will last for two days, roughly on par with Samsung's Gear Fit. The timeline for the watch's release date is unclear but Microsoft could be gunning for as soon as this summer.
Symantec Corporation (NASDAQ: SYMC) recently announced the launch of a first-of-its-kind program, the Symantec Cyber Career Connection (SC3), to address the global workforce gap in cybersecurity and provide new career opportunities for young adults who may not be college-bound. The program was announced as a Commitment to Action today at the Clinton Global Initiative America meeting by Secretary Hillary Rodham Clinton and Symantec's executive director of the program, Aled Miles. A pilot of the program will start in August in New York City, Baltimore and San Francisco Bay Area, and will be implemented through a network of partners, including Year Up, NPower and LifeJourney, working in conjunction with Symantec's charitable foundation, the Symantec Foundation. The program will expand internationally in future years.
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