Published on March 10, 2014
NXT-ID Mobile Security for a Mobile World ® Investor Presentation March 2014
Certain of the matters discussed in this presentation contain forward-looking statements that involve material risks to and uncertainties in the Company's business that may cause actual results to differ materially from those anticipated by the statements made herein. 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. This is not a solicitation to buy or sell securities and does not purport to be an analysis of the Company's financial position. Forward Looking Statements
29% Social Engineering 76% Insecure Passwords Biometrics are replacing passwords which opens up a significant opportunity with consumers who are acutely concerned about security, privacy and their money. 2013 held the highest number of data breaches of any year to date. The methods the hackers used to gain access would be rendered useless with the introduction of biometrics. 2011 2012 2013 Investment Highlights Highest data breaches ever in 2013 1,911,938 Adobe users set 123456 as their password. 345,834 used the word password.
NXT-ID has developed new mobile security technologies for point of sale and online payments and a wide variety of other applications Voicematch ® Facematch ® Wocket™ Investment Highlights Voicematch ® Facematch ® Wocket™
Significant Market Opportunity Passwords have been proven ineffective A massive proliferation of mobile devices and digital wireless communications means that online payments are possible nearly everywhere but can be made secure and simple with technologies like biometrics. 1,000 wallets get stolen every 2 minutes in the U.S. and every 5 minutes 30 people get mugged. Beyond payments nearly all aspects of modern business and living depend on reliable authentication and access control which are natural applications for biometric and physical methods.
Significant Market Opportunity These large markets already exist: Over 260 billion non-cash payments processed in 2009 and that figure is growing at 2-3x the rate of GDP, electronic and mobile already comprise 10% of the total • There were 176.8 million credit cardholders in the United States alone in 2008. The average credit cardholder has 3.5 credit cards. A modest success in capturing credit card users translates into a $800 to $900M market opportunity for the Wocket by itself over the next few years
• Developers with over 15 years experience in cutting edge biometric development in companies that have received approximately $30 million from the US Government. • Proprietary IP for both the Wocket™ and the company’s unique dynamic pairing technology for the protection of transmitted data • Operating management has successfully managed public companies and operating start-ups. Competitive Advantage
Multiple Technologies FaceMatch™ Faces are unique and reliable identifiers but need a 3D representation. FaceMatch builds it to provide strong authentication from identification and access control to protection of mobile apps Wocket™ It’s time to replace all the cards in your wallet with a single multi- use card. Fear of fraud, privacy concerns, complexity and simple loss of battery makes the smartphone an incomplete solution. VoiceMatch ® Secure as you speak solution for access control and authentication with any device and in the cloud. Innovative multi-factor recognition that is efficient enough to run on low- power devices.
Too many cards in your wallet? Put a Wocket in your Pocket! Many credit card holders either do not possess a smartphone or will be reluctant to use their smartphone for mobile payments The Wocket™ is a separate physical electronic smart wallet that will configure a single programmable card for credit cards, store cards, ID cards etc. Wocket™ Smart Wallet
Access protected by secure biometrics Can be used at any magnetic stripe payment terminals as opposed to touchless smartphone payments Barcodes can be read and scanned by traditional laser barcode scanners Wocket™ Smart Wallet
45% 25% 15% Why Wocket™? 14 Loyalty Programs The average household in the U.S. is signed up for 14 loyalty programs, ranging from grocery stores and gas stations to airlines and hotels, in addition to multiple credit and debit cards. 20% People’s ID Stolen 20% of people who have had their identity stolen believe it came from a wayward wallet or checkbook 1,000 Wallets Stolen 1,000 wallets get stolen every 2 minutes in the U.S. and every 5 minutes 30 people get mugged .
Stolen Wallet The process of dealing with a lost or stolen wallet is complex and onerous but not with Wocket™ Wallet Bulk Wocket™ helps reduce the bulk of present wallets while keeping your personal details more secure. 20,000 Records Credit cards, loyalty cards, health records. Keep the data you want in your Wocket™. Wocket™ Advantages
Wocket Launch Plan Colleges NXT-ID will initially launch the Wocket™ to colleges. A proven market for technology product adoption. Colleges also have a need for this product with the many cards that are in use on campuses. Banks NXT-ID will also seek to partner with smaller banks and established organizations in consumer transactions, identity protection and fraud prevention. Endorsement NXT-ID will also sponsor testing by electronic consumer groups to seek their endorsement as well as engage in an active public relations program for both traditional and social media. Commercial Wocket™ will be commercialized in Q2 2014.
Modular A modular facial recognition system for security checkpoints, smartphones, tablets, laptop and desktop computers. Access Control Improved access control applications for government, industry & commercial consumers, i.e. DHS, ATM machines. Law Enforcement Existing sales and developed product deployed in law enforcement. Active installations and customers. Mobile A more robust security solution for NFC enabled smart phones. Will be available as an “app” on the iPhone and Android platforms. MobileBio FaceMatch ®
Natural A more natural biometric method of authentication than fingerprint that allows an individual access to multiple devices. Innovative A new method of recognizing both speakers and specific words providing innovative multi- factor recognition that is efficient enough to run on low-power devices Mobile Will run on mobile platforms such as Android and iOS, as well as laptops and desktops. Address growing BYOD problem by positively identifying the individual using the mobile device OEM Potential OEM product for smartphone manufacturers, OS developers, video game consoles, and in- car infotainment. MobileBio VoiceMatch ®
3D FaceCam™ 3D SketchArtist™ 3D Enroll™3D FaceMap™ Key 3D Biometric Products
Gino M. Pereira, Chief Executive Officer Mr. Pereira has over 30 years of executive, operational and financial experience with technology companies in the United States, Europe and the Far East. Earlier in his career, he served as a divisional Chief Financial Officer for Williams Holdings, plc., a large multi-national company. From 2004 to 2011 Mr. Pereira was Chief Financial Officer and later Chief Executive Officer of Technest Holdings Inc., a publicly quoted defense contractor. Prior to that, Mr. Pereira helped to develop several technology start ups and has over 10 years experience in the financial and operational management of small cap public companies. He is a fellow of the Chartered Association of Certified Accountants in the UK and has an MBA from the Manchester Business School (UK) with a specialty in finance. Management Team David Tunnell, Chief Technology Officer Mr. Tunnell is an expert in biometrics and cryptology and is the inventor of a variety of miniature technologies for remote distributed sensors. David has over 23 years of experience in developing high-technology solutions for the US Government. He was the divisional director of 3D identification products at Technest Holdings Inc., from 2003 to 2011. Prior to Technest, he served as an adjunct faculty teaching various advanced technology courses at the National Cryptologic School while working with various intelligence agencies and later at L3 Communications where he served as Director of Engineering. Mr. Tunnell earned a Masters in Technical Management (MSTM) from Johns Hopkins University and a BSEE from the University of Tennessee.
Major General David R. Gust, USA, Ret. General Gust presently does consulting work for his own company, David R. Gust & Associates, LLC. Between April 2007 and May 2009, General Gust was the President of USfalcon, a privately-held company working with the U.S. Defense sector, primarily in information technology. Previously, General Gust had served as the Manager for Federal Telecommunications for Bechtel National, Inc. from November 2004 to March 2007. Prior to that, he was the President and Chief Executive Officer of Technical and Management Services Corporation from 2000 to 2004. General Gust retired from the United States Army in 2000 after completing a career of 34 years of service. General Officer assignments included the Program Executive Officer, Communications Systems (PEO-Comm Systems), Program Executive Officer, Intelligence, Electronic Warfare and Sensors (PEO-IEW&S) and at Army Materiel Command, as Deputy Chief of Staff for Research, Development and Acquisition (DCSRDA). Independent Board Members Michael J. D’Almada-Remedios, PhD Between January 2011 and September 2013 Dr. Remedios was Chief Information Officer for Arbonne International, a billion dollar global cosmetics company. From February 2009 to December 2010 he was a Vice-President at Expedia, Inc. and was responsible for all technologies, product development and technical operations for hotels.com. Prior to February 2009 Dr. Remedios was Chief Technology Officer for Realtor.com and Shopping.com, a subsidiary of eBay, Inc. At eBay he was a member of the eBay Inc. Technology Board for eBay, PayPal and Skype. Dr. Remedios recently joined software company, Swarm-Mobile. He has a PhD. In Computer Control and Fluid Dynamics from the University of Nottingham in England and a B.Sc. In Physics and Computer Science from Kings College, University of London in England.
Lawrence Flanagan Mr. Lawrence Flanagan is President and Founder of New Tech Haven since January 2013 and was formerly the Executive Dean at the University of New Haven College of Business. Flanagan is regarded as one of the most accomplished global marketing leaders in the country. Prior to his career in academia, he spent nearly three decades in corporate America as an executive at MasterCard Worldwide, the Procter & Gamble Company and L’Oreal USA. As the global chief marketing officer at MasterCard, he managed a $1.5 billion budget, directed marketing strategies in more than 50 countries and helped launch the company’s hugely successful, “Priceless” advertising campaign. He also established strategic partnerships with Major League Baseball, the PGA Tour and Champions League soccer in Europe and was part of the executive team that spearheaded MasterCard’s highly successful initial public offering in 2006. Ken Moy Mr. Ken Moy, was formerly senior vice president and Group Head of US Emerging Payments at MasterCard Worldwide. Moy has extensive experience in large-scale rollouts, partnerships, corporate development, strategic planning, business administration and product management. He launched MasterPass, the firm’s digital wallet solution and important pillar to overall strategy, achieving over 25,000 online merchants, and wallet distribution with over 20 financial institutions. He led an exclusive agreement with Google, Citibank and First Data to launch Google Wallet, the first commercially available mobile payment solutions. He also led an exclusive agreement with Intel for access to embedded technology in Intel PCs to deliver enhanced security and user experience for electronic ecommerce. Presently, Moy is Founder and President of Harvest Advisors LLC. Advisory Board Members
+1 203-242-3076 www.nxt-id.com Shelton, CT 06484 firstname.lastname@example.org CONTACT US
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