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CORAL SPRINGS, Florida, January 29, 2014 /PRNewswire/ --
Morning Technology Briefing: Tech advancers develop cyber security platform; market updates for leaders in the biometrics sector: NXT-ID (OTCQB: NXTD), Facebook, Inc. (NASDAQ: FB), Yahoo! Inc. (NASDAQ: YHOO), Lantronix, Inc. (NASDAQ: LTRX) and Sanmina Corporation (NASDAQ: SANM)
SoundView Technology Group continues coverage for NXT-ID, Inc. (OTC: NXTD) - NXTD has effectively raised an additional round of capital that will come in two tranches -- $1.35M less expenses up front and another $4.4M from likely warrant exercises. The proceeds will aid the company in further development and the commercial launch of their innovative digital wallet (The Wocket). In an unusually shareholder-friendly move founding members of the management team elected to surrender shares to offset the additional shares need for new investment capital. Few, if any, company managements go to such lengths to put shareholders first.
Thanks to this decision an adjustment to SoundView's intrinsic valuation (IV) model results in an increase from $10.93 (published in December 2013) and its new IV estimate of $11.51.
To read the full press release, please click here:http://www.fnmprofiles.com/profiles-nxtd.html
Market forces continue to favor adoption of digital wallet technologies and NXT-ID is certainly one of the leading contenders for what will be a commercial market in 2014. The full SoundView note is available for download at the following link: http://s3.amazonaws.com/Published_Research/NXT-ID_NXTD_NOTE_JAN_2014.pdf
Facebook, Inc. (NASDAQ: FB) has announced that the company's fourth quarter and full year 2013 financial results will be released after market close on Wednesday, January 29, 2014. Facebook will host a conference call to discuss the results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the call can be accessed at the Facebook Investor Relations website at investor.fb.com, along with the company's earnings press release, financial tables and slide presentation. Facebook uses the investor.fb.com website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
Yahoo! Inc. (NASDAQ: YHOO) recently unveiled new products and media sites across smartphones, tablets and the web, as well as a new suite of advertising technology to help advertisers, publishers and partners get more return from their online advertising campaigns. In a keynote address, Yahoo CEO Marissa Mayer discussed the company's vision to make the world's daily habits inspiring and entertaining. Yahoo executives were joined onstage by Yahoo's new Global Anchor Katie Couric; Yahoo Tech vice president of editorial David Pogue; celebrity talent including SNL's Cecily Strong and Keenan Thompson; as well as John Legend, Grammy-Award-winning artist and a member of Yahoo's 2013 On the Road tour.
Lantronix, Inc. (NASDAQ: LTRX), a global provider of smart networking and communications solutions for machine-to-machine (M2M) applications, recently announced that the Company will report its financial results for its fiscal 2014 second quarter ended December 31, 2013 on Thursday, January 30, 2014 after market close. The Company's management will host an investor conference call with a simultaneous audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Thursday, January 30, 2014. To access the live conference call, investors should dial 866-318-8616 (US) or 617-399-5135 (international) and provide passcode 14576908. The webcast will be available simultaneously via the investor relations section of the Company's website at http://www.lantronix.com.
Sanmina Corporation (NASDAQ: SANM) a leading integrated manufacturing solutions company making some of the world's most complex and innovative optical, electronic and mechanical products, announced that Ciena® Corporation, the network specialist, recently honored Sanmina's Optical, RF and Microelectronics division with their prestigious Product Innovation Award. This Product Innovation Award was the result of Sanmina's advanced RF, microelectronics and optical design, new product introduction and manufacturing capabilities. These capabilities enabled Sanmina and Ciena to jointly develop a unique RF microelectronic product solution to bring 100G optical communication systems to market in record time.
Additional Mobile/Biometrics News: Paydiant, provider of a white-label mobile payments, offer redemption, loyalty and cardless cash access platform for banks and retailers, today announced the grant of a new patent from the U.S Patent and Trademark Office (USPTO). U.S. Patent No. 8,632,000, granted on January 21, 2014, describes approaches for using a mobile device to conduct transactions at automated teller machines (ATMs). The solution enables consumers to use their smartphones, instead of their debit or credit cards, to withdraw cash from ATMs, enhancing the consumer mobile banking experience while also supporting financial institution loyalty. And because it is software-only, it can be deployed without installing additional hardware on ATMs.
Paydiant's white label platform works with existing smartphones, POS systems, and payment terminals, including entry-level countertop devices. In addition, the solution enables banks, credit unions and retailers to avoid sharing sensitive customer information with intermediaries, and enables them to leverage new revenue streams from highly targeted mobile ads and offers. The technology also works with numerous ATM to phone interface technologies, including QR codes and Bluetooth Low Energy (BLE). The newly patented cardless cash access solution has already been deployed by Wintrust Financial Corporation and City National Bank in partnership with FIS (NYSE: FIS) and Diebold (NYSE: DBD). Both Wintrust and City National are customers of FIS.
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