Biometric-Mobile Wallet Technology Takes Aims at a Target Market Of Nearly $1Billion Potential
CORAL SPRINGS, Florida, November 20, 2013 /PRNewswire/
Market news updates for advancing leaders in the Tech, Biometrics & Mobile App Industries: NXT-ID, Inc. (OTCQB: NXTD), Apple Inc. (AAPL), Brocade Communications Systems, Inc. (BRCD). Cisco Systems, Inc. (CSCO) and NQ Mobile Inc. (NYSE: NQ)
SoundView Research, a leading independent research firm, recently published a report on NXT-ID, Inc., (OTCQB: NXTD) featuring the market and opportunity for its leading product, The Wocket. SoundView Research states, “We estimate that NXT-ID can capture 6 million users in the U.S. for its Wocket product. Based on the estimated selling price of The Wocket at $99.99 per unit, and including the optional insurance program and other ancillary services we estimate the U.S. market opportunity for NXT-ID’S Wocket to be in the range of $780M to $930M.”
To read the full press: http://www.fnmprofiles.com/profiles-nxtd.php
The Wocket, anticipated to be coming to market in the first quarter of 2014, is a new biometrically secure device designed to replace the traditional wallet and the number of cards consumers carry. Its dynamically programmable magnetic stripe, NXTCard can replace up to 100 cards and can include medical records, ID, coupons etc. that are currently kept in a wallet, with one single secure card. The Wocket has a target market of nearly $1B in the U.S. alone. The opportunity will expand across multiple segments, given that the company’s products target consumers, enterprise and government agencies in the U.S. and overseas.
For more information: broadwayworld.com/Biometric-Mobile-Wallet-Technology-Takes-Aims-at-a-Target-Market
Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.