Nxt-ID, Inc. (NASDAQ:NXTD) Files An 8-K Other EventsItem 8.01 Other Events
On November 22, 2017, Nxt-Id, Inc. (the “Company”) issued a press release (the “Press Release”) responding to shareholder inquiries concerning the recent downward volatility of the Company’s stock. The Press Release is furnished herewith as Exhibit99.1.
The information set forth in Item 8.01 of this Form 8-K (including Exhibit 99.1) is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Forward-Looking Statements
Exhibit 99.1 contains forward-looking statements regarding the Company, and includes cautionary statements identifying important factors that could cause actual results to differ materially from those anticipated.
Please refer to the cautionary notes in the Press Release regarding these forward-looking statements.
Item 8.01 Financial Statements and Exhibits.
(d)Exhibits.
| Exhibit No. | Description |
| Exhibit 99.1 | Press Release Dated November 22, 2017 |
Nxt-ID, Inc. ExhibitEX-99.1 2 f8k112217ex99-1_nxtidinc.htm PRESS RELEASE DATED NOVEMBER 22,…To view the full exhibit click here
About Nxt-ID, Inc. (NASDAQ:NXTD)
Nxt-ID, Inc. is a technology company. The Company is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. It has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting. It intends to use its core biometric facial and voice recognition algorithms to develop security applications (both cloud based and locally hosted) that can be used for companies, as well as individuals, law enforcement, the defense industry, and the United States Department of Defense. Its offerings include Wocket, a physical electronic smart wallet; the NXT Smartcard, a standalone smartcard; Wi-Mag, an antenna and payment technology, and 3D FaceMatch and 3D SketchArtist facial recognition products.
