NXT-ID, a security technology company, announces that, in cooperation with Nordic Semiconductor, ASA, the Company demonstrated a miniature module within a wearable smart band to enable devices powering the IoT (Internet of Things). The "IoT Stamp" is an intelligently connected electronics module that is small enough and low power enough to fit within most devices, even a smart card or a watch band. Key functionality includes patent pending ultra-low power "buttonless" wake-up, motion activation, and personalized services including identification services, multi-factor biometric authentication, and payment technologies including Near-Field Communications(NFC) and wireless magnetic stripe (Wi-Mag).
Gino Pereira, Chief Executive Officer of NXT-ID stated, "The "IoT Stamp" enables a new class of "intelligently-connected" devices that only connect to the internet when required and utilizes our patented dynamic pairing technology to secure communications between devices. We believe this is the first-time Bluetooth Low Energy (BLE) and NFC technologies have been integrated on the same chip which was supplied by Nordic. This module, once fully developed, will be made available for sale to manufacturers of products that require highly capable, miniature, low power electronics for communication and payments.”