Shelton, CT - August 23, 2013 (Investorideas.com mobile payment stocks newswire) NXT-ID, Inc. (
OTCQB:NXTD),
a biometrics company focused on the growing m-commerce market announces
that its wholly owned subsidiary, 3D-ID, LLC commenced a pilot program
with the Palm Bay, FL Police Department to evaluate its 3D FaceMatch™
biometric facial recognition identification systems.
The identification management systems leverage unique and patented
FaceMatch™ 3D technology that precisely senses shape at up to a million
points on a face without using lasers or projected patterns. This
individually unique shape information is compressed into a small 3D
biometric template containing a complete 3D shape signature of that
individual face. This shape signature is rapidly compared to other
templates in a database. Unlike 2D recognition methods where performance
is highly variable depending on scene lighting, head pose, facial
expression, eyewear, facial hair and cosmetics, FaceMatch™ templates and
performance remains invariant over an extremely wide range of imaging
variables. This enables reliable, scalable, and convenient face
recognition solutions.
The system is being used at Palm Bay to enroll inmates into local
detention centers, creating a 3- dimensional database that can be used
in the future to potentially identify persons of interest. Inmates that
are released will also have their identities verified through 3D facial
recognition to prevent the inadvertent release of the wrong individual.
The pilot program is expected to expand to include more law
enforcement agencies connected to 3D-ID's BioCloud™ to improve
identification of previously enrolled (booked) individuals from multiple
law enforcement agencies searching from a common 3D database. Further
expansion is expected to include capture of faces from surveillance
cameras, video, and from mobile devices using 3D-ID's MobileBio™
technologies under development.
John Blackledge, Deputy Chief of the Palm Bay Police Department,
said, "3D facial recognition is an important technology innovation that
will give law enforcement the upper hand in accurately and rapidly
identify criminals. 3D-ID provides a new technology platform that allows
law enforcement to make positive identification without the
intrusiveness of conventional police methods."
Doug Muldoon, Palm Bay Police Chief, FBI-NA President, noted, "Our
partnership with NXT-ID in 3D facial recognition is yet another
opportunity to become more efficient and effective in fighting crime."
NXT-ID is a leader in biometric-based identity management and
access control systems. Its product line offers cost-effective solutions
for facilities access and control, inmate population management,
identity management and border control. NXT-ID advanced biometric tools
achieve excellent facial recognition performance using 3D camera
technology, along with advanced 2D-to-3D conversion algorithms, and
sketching systems that significantly simplify composite sketching with
powerful 3D morphing technology.
About NXT- ID Inc. - Mobile Security for a Mobile World
NXT-ID, Inc.'s (OTCQB: NXTD) innovative MobileBio™ solution
mitigates consumer risks associated with mobile computing, m-commerce
and smart OS-enabled devices. The company is focused on the growing
m-commerce market, launching its innovative MobileBio™ suite of
biometric solutions that secure consumers' mobile platforms. NXT-ID’
wholly owned subsidiary, 3D-ID LLC, is engaged in biometric
identification has 22 licensed patents in the field of 3D facial
recognition
http://www.nxt-id.com/,
http://3d-id.net/
Forward-Looking Statements for NXT-ID
This press release contains forward-looking statements as defined
within Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements reflect management's current expectations, as
of the date of this press release, and involve certain risks and
uncertainties. Forward-looking statements include statements herein with
respect to the successful execution of the Company's business strategy.
The Company's actual results could differ materially from those
anticipated in these forward- looking statements as a result of various
factors. Such risks and uncertainties include, among other things, our
ability to establish and maintain the proprietary nature of our
technology through the patent process, as well as our ability to
possibly license from others patents and patent applications necessary
to develop products; the availability of financing; the Company's
ability to implement its long range business plan for various
applications of its technology; the Company's ability to enter into
agreements with any necessary marketing and/or distribution partners;
the impact of competition, the obtaining and maintenance of any
necessary regulatory clearances applicable to applications of the
Company's technology; and management of growth and other risks and
uncertainties that may be detailed from time to time in the Company's
reports filed with the Securities and Exchange Commission.
Contact:
Corporate info:
info@nxt-id.com
Investor Relations
Jared Mitchell
Managing Director
ProActive Capital
www.ProActiveCapital.com
Direct: 646.863.6274
Cell: 917.453.0637
jmitchell@proactivecapital.com
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