NXT-ID Announces Issuance of US Patent for IoT Device Collaboration

New technology improves the security and operation of multiple IoT devices

NXT-ID, Inc. (NASDAQ: NXTD) today announced that the United States Patent and Trademark Office has issued US Patent Number 9,979,724, entitled "Distributed Method and System to Improve Collaboration Services Across Multiple Devices." The patent introduces the concept of collaborative services across multiple devices that may be used to utilize a common data or algorithms to recognize and authenticate a user for purposes of performing a variety of actions across many devices. It enables devices without specific authentication hardware or software components the ability to leverage the capabilities of nearby devices or contribute by sending data to an authentication service.

"This technology improves the security and operation of the IoT by enabling multiple devices to work together to improve accuracy and convenience," David Tunnell, CTO of NXT-ID. "Now, instead of simply authenticating with a single device, multiple devices may work together to identify and authenticate users. This introduces numerous possibilities for collaborative services in the future as the IoT grows. Beyond authentication, these collaborative services can include jointly performing tasks or jointly providing services to the user."

"Expanding our patent portfolio in the areas of credential management, authentication and payments is a key component of our strategy to be at the center of the ever-growing Internet of Things," said Gino Pereira, Chief Executive Officer of NXT-ID. "The technology behind this patent creates a range of potential use cases - everything from securing payments to personalizing room environments - that will make IoT devices more secure, more personalized, more efficient and, ultimately, even more powerful."
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