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tech stock news

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electric vehicle

Electric Vehicles Go To Two Wheels

What To Expect With A Zero Motorcycles’ Electric Vehicles, I mean, Motorcycles.

With growing popularity, electric vehicles have started taking over. Some of the most popular brands on American roads are: Bolt, Prius, Proterra, and Tesla. It is rare to see or hear of a fully electric or hybrid motorcycle. Harley and Honda are two of the more popular brands of motor bikes. Their customers have expressed interest in the greener approach to riding but not many startups have been successful. Zero Motorcycles, Lightning Motorcycle, and Alta Motors are some US Companies still in the game.

electric vehicles

Zero Motorcycles CTO, Abe Askenazi, has been in the motorcycle industry for almost twenty years. He said right now a lot of Zero Motorcycles’ customers buy the company’s EV bikes alongside market-leading V-twins and V-4s. To him, that indicates Zero’s bikes perform at the same or better levels as riders’ long-held favorites. He continued, electric bikes are quiet, so riders can hear what’s happening around them, and won’t disturb the peace, which their neighbors appreciate. That quietness is one reason police departments buy Zero Motorcycles for their fleets. They can ride at any hour, and approach suspects stealthily if they drive electric.

Zero’s products range from lightweight “hot rods” to off-road models that cost anywhere from about $8,500 to $16,000. Some of the new bikes are promising 200 miles per charge, which is a significant improvement from past models. The motorcycles’ easy to read instruments, speed control, and acceleration are some of Zero’s customers’ favorite qualities.

Askenazi stated, “Optimization of chemistry has gotten us here. The beautiful thing is that batteries are plug-and-play. When that battery comes that will give you 1,000 miles, we’ll be able to use it. Where the industry is going though is not so much a bigger battery to go further between charges, but faster charging so you can go grocery shopping, plug it in, come back and then you’re ready to go again.”

The CTO said that batteries will eventually weigh less and take up less space on the e-bikes. This will allow more space for cargo and other components. Askenazi stated, “You gain a lot of practicality with this bike.” He believes over time there will be many improvements with lighter weight and stronger materials.

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Forward-Looking Statements

This Current Report on Form 8-K and other written and oral statements made from time to time by us may contain so-called “forward-looking statements,” all of which are subject to risks and uncertainties. Forward-looking statements can be identified by the use of words such as “expects,” “plans,” “will,” “forecasts,” “projects,” “intends,” “estimates,” and other words of similar meaning. One can identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address our growth strategy, financial results and product and development programs. One must carefully consider any such statement and should understand that many factors could cause actual results to differ from our forward looking statements. These factors may include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward looking statement can be guaranteed and actual future results may vary materially.

Information regarding market and industry statistics contained in this Current Report on Form 8-K is included based on information available to us that we believe is accurate. It is generally based on industry and other publications that are not produced for purposes of securities offerings or economic analysis. We have not reviewed or included data from all sources, and cannot assure investors of the accuracy or completeness of the data included in this Current Report. Forecasts and other forward-looking information obtained from these sources are subject to the same qualifications and the additional uncertainties accompanying any estimates of future market size, revenue and market acceptance of products and services. We do not assume any obligation to update any forward-looking statement. As a result, investors should not place undue reliance on these forward-looking statements.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective October 13, 2016, the board of directors of the Company appointed Robert Finigan to serve as President of the Company. Mr. Finigan was granted 3,000,000 stock options on October 13, 2016 as compensation for his service as President, which shall vest as 500,000 shares at the end of the first three months, 500,000 shares at the end of the seventh month, 1,000,000 shares on the one year anniversary of the grant date, and 1,000,000 shares on the eighteen-month anniversary of the grant date.

Mr. Finigan has served in interim C-Level executive roles and board advisory positions for several start-up and technology companies as Founder of Black Labs Ventures LLC, a strategy consulting firm from 2015 through 2016, in addition to leading product and marketing efforts as Chief Marketing Officer and Chief Branding Officer for Modere LLC, a global health and wellness brand from October 2012 through 2016. Mr. Finigan served as Executive Vice President for Mood Media, a global media and entertainment company from 2002 through 2012, and served as Vice President of New Media at Bank of America from 1999-2002. Mr. Finigan obtained a BFA in Design and Photography from the Rochester Institute of technology, College of Imaging Arts and Sciences in 1997.

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THORNTON, CO–(Marketwired – Oct 24, 2016) – Ascent Solar Technologies, Inc. ( OTCQB : ASTI ), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company’s EnerPlex™ series of consumer products, announced today that EnerPlex™ has been awarded one Platinum and two Gold MARCOM Awards by the Association of Marketing & Communication Professionals (AMCP).

EnerPlex was presented the Platinum MARCOM Award in the Catalog category and two Gold MARCOM Awards in the Trade Show Exhibit and Video Categories. The respective pieces of work can be found via the links below:

MARCOM Award Winners
EnerPlex 2016 Fall Product Catalog- Platinum
EnerPlex Spring 2016 Tradeshow Booth- Gold
EnerPlex Jumpr Pro Product Video- Gold

Brad Brochocki, Senior Manager of Marketing and Corporate Communications for Ascent Solar, said, “We are extremely excited to receive another set of accolades recognizing the high quality of our work in sharing the story of EnerPlex’s line of products. It’s highly rewarding to be able to showcase our differentiating features through creative mediums that will continue to support our brand’s growth in the consumer marketplace.”

About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine’s 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com and www.enerplex.com.

Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company’s actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as “believes,” “belief,” “expects,” “expect,” “intends,” “intend,” “anticipate,” “anticipates,” “plans,” “plan,” to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s filings with the Securities and Exchange Commission.

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You read that correctly. After 14 years of making smartphones in-house, the once ultra prevalent phone company has opted to revitalize its business model by not only outsourcing its phone production but also focus on the software side of the business. Comparatively speaking, the sales figures of smartphones in the second quarter are dismal to say the least. The company states that it only sold roughly 400,000 smartphones during the quarter. This is not only low for smartphone sales in general but it’s also a lesser number than it had recorded in the quarter previous.

In May, the company’s management told Bloomberg that it would know by September whether it would be profitable in its smartphone business. And now we’re seeing things like this new direction come about. Believe it or not, in a world of hundreds of different kinds of touchscreen devices, Blackberry actually produced it’s first touchscreen-only Android device in July of…2016! It’s called Dtek50 and to reduce costs the handset was based on a phone manufactured by TCL.

“Blackberry had made no secret of the fact that it might shut down its own phone-making business. Pushing it out to a third party is a sensible solution – but any manufacturer making Blackberry branded devices will ultimately face the same challenges.”

-Ben Wood of CCS Insight Consultancy to BBC News

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SACRAMENTO, CA – September 26, 2016 – IDdriven, Inc. (OTCQB: IDDR), developer of the new breed of Identity and Access Management solutions, today announced it has hired Neil Kleinman as the North American Sales Manager.

With a background of finance and IT sales, Neil`s consultative experiences, combined with exposure to strategic relationships and businesses in many disciplines during his career in Information Technology, Securities and Hedge Funds has given him a sense of best in breed solutions for Cloud Enterprise and SMB customers.

Mr. Kleinman was most recently engaged with Webair, a Cloud Service Provider where he consistently exceeded sales quotas and secured the firms largest enterprise customer. He has extensive experience in marketing and developing various Cloud solutions and Software as Service (SaaS) products. His clients were both large Enterprises as well as SMB’s.

Companies are flocking to hybrid cloud adoption, which means IT resources on corporate premises and also off premises. “It’s a wave like few others in history and the topic of conversation always comes back to Security at all levels, especially for the off premise resources.  “It seems as if every company that uses an Active Directory should have this IDaaS & Access Management solution ” states Mr. Kleinman, “for a low monthly service fee, why wouldn’t management have this tool in place and the ability to control who has access to what?” Studies show many hacks and thefts have inside assistance. “Think of a vertical that isn’t vulnerable, that doesn’t have a safety concerns whether government departments and public services, energy utilities, law firms, healthcare especially hospitals, banks, private equity, money management and other financial services firms, infrastructure & construction, technology providers and much more, they all want to lock down their own employee’s access, and have an audit trail of use.

As most company’s hybrid cloud footprint expands, IDaaS should continue to come into focus as a necessary tool. “Growing frequency & fear of hacking and corporate thefts occurring requires control of employee access within their organizations” states Mr. Kleinman, “IDaaS as a cloud niche is expanding rapidly and my experience in the SaaS market enables me to make a very quick market entry.

Arend Verweij, CEO of IDdriven, Inc. states, “Mr. Kleinman is a warm welcomed addition to our team and we fully expect that his efforts will help spearhead our sales strategy in North America. His previous experience dealing directly with this marketplace

CEO, Arend Verweij commented “With Neil`s track record of working at firms such as Webair, Bloomberg, and several hedge funds make him an ideal candidate to grow our footprint with these new and valuable innovative services.”

About IDdriven, Inc.

IDdriven is at the forefront of the new breed of Identity Management and Access Governance solutions. Taking the complexity and upfront costs out of implementation, IDdriven is trusted to protect a company’s most vulnerable assets. Founded in 2013, IDdriven is headquartered in Sacramento, California. To learn more, visit: www.IDdriven.com.

Forward-Looking Statement Disclosure

This news release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words.  Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond IDdriven’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our software programs, (ii) development and protection of our intellectual property, (iii) industry competition, (iv) we may need to raise capital to meet business requirements.  More detailed information about IDdriven and the risk factors that may affect the realization of forward looking statements is contained in our filings with the Securities and Exchange Commission which are available on our website and at www.sec.gov. IDdriven assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Company Contact
E: [email protected]
T: 415.226.7773

MIDAM VENTURES, LLC owner and operator of TechStockInsider.com was paid an advertising fee of $125,000 cash & ZERO Restricted Common shares by IDDRiven Inc. (IDDR) for visual sponsorship of TechStockInsider.com and for visual placement IDDRiven Inc. (IDDR) within written materials. FOR A DURATION Beginning 6/8/2016. & ending 11/8/2016 .



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Integrated Microwave Technologies (IMT) Showcases microLite Technology to Worship Market at the WFX Expo 2016

SARASOTA, Fla., Sept. 20, 2016 /PRNewswire/ — Integrated Microwave Technologies (“IMT”), an xG Technology business unit and the leader in advanced digital microwave systems serving the broadcast, sports, entertainment and law enforcement markets, announces it is showcasing the microLite family of products, including the RF Central 58microLite HD System to the house of worship (“HOW”) market at the WFX Expo 2016 (Booth 945).

“Our microLite technology presents an affordable, reliable method of wireless camera transmission without breakup or pixilation to the worship market,” says John Payne IV, president, Integrated Microwave Technologies. “We are excited to showcase our 58microLite Mini Kit, our most affordable iteration of our microLite technology, at WFX this year and invite all attendees to experience this technology for themselves.”

George Schmitt, CEO and Chairman of the Board of xG Technology, said, “The growing interest in IMT’s microLite technology by the house of worship sector underscores the broad number of applications and markets that can be positively impacted by its real-time, high quality video links.”

The 58microLite HD Mini Kit is ideal for any house of worship application that requires wireless transmission, providing the ability to capture images not only within the HOW’s walls, but also throughout the grounds as well. For those facilities that provide broadcasts or online streaming capabilities, the microLite allows a facility to provide its viewers with a greater sense that they are present. In addition, the microLite is also extremely easy to use, which is important since many HOW camera operators are volunteers, not industry professionals.

The 58microLite HD Mini Kit is a highly portable professional-grade MPEG-4 COFDM HD wireless camera transmission link capable of providing high-quality video at distances over two miles, line-of-sight (LOS). Developed for the next generation of HD capable compact cameras, the 58microLite system is available in either licensed or unlicensed bands. It provides customers with the highest quality video without breakup or pixilation. Its size, weight and performance makes it ideal for point-of-view and any type of live event coverage, including services, sermons or readings.

WFX—the Worship Facilities Conference and Expo—is the nation’s largest conference focused on the house of worship market. The two and half day event provides the ministry teams (including worship, tech, facilities and administration) from churches of all sizes and traditions hands-on education and training in new tools and technologies

About xG Technology, Inc.

Founded in 2002, xG Technology has created a broad portfolio of intellectual property that enables always-available, always-connected and always-secure voice, broadband data and video communications. The company is the developer of xMax, a patented all-IP software-defined cognitive radio network that delivers mission-assured wireless connectivity in any RF environment. xMax provides a solution to the challenges of interoperability, survivability and flexibility in expeditionary and critical communications networks. xMax can be deployed as fixed or mobile infrastructure to enhance and integrate seamlessly with legacy communications systems, both private and commercial. Access and priority can be controlled, and in the event of congestion, failure or denial of access to commercial networks, xMax provides a fully secure, scalable, private and highly resilient network for essential communications – all at zero bandwidth cost.

xMax incorporates advanced optimizing technologies that include spectrum sharing, interference mitigation, multiple-input multiple-output (MIMO) and software defined radio (SDR). These and other technologies make xMax ideal for wide area, as well as rapid emergency communication deployment in unpredictable environments and during fluid situations. xG offers solutions for numerous industries worldwide, including military, emergency response and public safety, telemedicine, urban and rural wireless broadband, utilities, and critical infrastructure.

xG’s Integrated Microwave Technologies (IMT) business unit further supports xG’s military and public safety customers with its mission-critical wireless video solutions. IMT is a leader in advanced digital microwave systems and a provider of engineering, integration, installation and commissioning services serving the MAG (Military, Aerospace & Government), broadcast, and sports & entertainment markets. IMT’s product lines include digital broadcast microwave video systems and compact microwave video equipment for licensed and license-free applications. More information on IMT can be found at www.imt-solutions.com.

Based in Sarasota, Florida, xG has over 100 patents and pending patent applications. xG is a publicly traded company listed on the NASDAQ Capital Market (XGTI) For more information, please visit www.xgtechnology.com

Cautionary Statement Regarding Forward Looking Statements

Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company’s expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words “anticipate,” “believe,” “estimate,” “upcoming,” “plan,” “target”, “intend” and “expect” and similar expressions, as they relate to xG Technology, Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company’s actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.

For More Information:
Media Relations
Daniel Carpini
xG Technology
[email protected]
(941) 953-9035

Investor and Analyst Relations
James Woodyatt
xG Technology
[email protected]
(954) 572-0395

0 20

Rubicon Announces Malaysia Facility Closure

Rubicon Technology, Inc. (RBCN), today announced plans to cease all production activities and shut down its Penang, Malaysia facility. Production activities at the Penang facility are expected to cease by November 30, 2016, with the shutdown of the facility to be completed by the end of the year. The Company’s Malaysia facility has been primarily engaged in producing polished and patterned substrates for the LED market and the decision was made in order for the Company to focus on the optical and industrial sapphire market for the foreseeable future.

Bill Weissman, the Company’s CEO, said, “The sapphire industry continues to be very challenging with pricing for LED sapphire products continuing to decline throughout this year. Given the market conditions, our strategy has been to build a business more focused on the optical and industrial sapphire market, where we have greater differentiation from our competitors and have interesting new technologies in development. We had also been trying to stay in the LED substrate market by limiting our product offering to six-inch diameter wafers where there is less competition and working hard to reduce cost to make that product profitable. While we made significant progress on that front, the continual decline of prices has made the prospects of becoming profitable in the LED substrate market unlikely for the foreseeable future. As a result, we have decided to focus on the optical and industrial sapphire market at this time.”

The Company cites its high quality crystal, strong and developing U.S. customer base, and optical finishing capability as strong differentiators in the optical and industrial sapphire market and believes there are emerging applications in that market which will drive revenue and margin growth in coming years.

About Rubicon Technology, Inc.

Rubicon Technology, Inc. is an advanced materials provider specializing in monocrystalline sapphire products for optical systems and specialty electronic devices. Rubicon has a proprietary technology platform and expertise extending from the preparation of raw aluminum oxide through sapphire crystal growth and fabrication, enabling Rubicon to supply custom sapphire products with superior quality and precision. Rubicon is ISO 9001 certified and ITAR registered.

Further information is available at http://www.rubicontechnology.com.

Forward-Looking Statements

Certain of the statements in this release, particularly those preceded by, followed by or including the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “should,” “estimates,” or similar expressions, or those relating to or anticipating the timing of the closure of the Malaysia facility or the Company’s business operations and financial results for periods beyond the end of the second quarter of 2016, constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For those statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by the Company and its management. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, the statements. These risks and uncertainties include the Company’s ability to shut down the Malaysia facility without significant delays or obstacles, the Company’s ability to sell the assets in Malaysia and the price received therefor, the outcome of alternatives pursued by the Company to provide greater value to its stockholders, changes in the demand or the average selling prices of sapphire products, the Company’s successful development and market acceptance of new products, dependence on key customers, potential disruptions in the Company’s supply of electricity, changes in the Company’s product mix, the Company’s ability to protect its intellectual property rights, the competitive environment, the availability and cost of raw materials, the cost of compliance with environmental standards, and other risks and uncertainties described in the Company’s Form 10-K, as amended, for the year ended December 31, 2015, Form 10-Q for the quarter ended March 31, 2016, Form 10-Q for the quarter ended June 30, 2016 and other filings with the Securities and Exchange Commission. For these reasons, readers are cautioned not to place undue reliance on the Company’s forward-looking statements. Any forward-looking statement that the Company makes speaks only as of the date of such statement, and the Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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Net Element’s PayOnline Payments Module Is Now Available for Most Popular E-Commerce and CMS Platforms

MIAMI, FL–(Marketwired – Sep 12, 2016) – Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a provider of global mobile payment technology solutions and value-added transactional services, today announced that its wholly-owned subsidiary PayOnline has expanded its payments module for electronic commerce and Content Management System (“CMS”) to 19 of the most popular platforms including WordPress, Joomla and 1C-Bitrix.

The recently implemented free payment module is now available and can be downloaded from PayOnline’s website “Developers” section without registration or additional charges.

Modules for WordPress were created due to the overwhelming number of requests from clients working on this popular CMS and who are seeking to simplify payment acceptance. Free payment modules were developed for the specialized WordPress plugins that are often chosen by the creators of the online shops and online services. These plugins include WordPress eCommerce, QuickShop and WooCommerce.

According to Ruward Research Laboratory’s Ruward:Track report, WordPress has been the leading CMS platform in Russian online commerce among both free and paid platforms for four consecutive years. According to a recent survey conducted in June 2016 among 4,901,485 Russian domains, about 23.7% of the sites are run on WordPress, while the share of paid services is approximately 13.2%.

“Each solution contains a simple copy and paste module file and detailed installation instructions, which can be implemented by people not familiar with programming or electronic commerce,” commented Maria Goryachev, Director of PayOnline products. “This simple to use integration is especially useful for entrepreneurs who do not have dedicated IT resources to enable monetization of their applications. We strive to make the process of enabling payment acceptance and global commerce as simple as possible. To that effect we believe the introduction of this free payment module has helped us to another step in this direction.”

About PayOnline

PayOnline provides flexible high-tech payment solutions to companies doing business on the Internet. They have wide experience in integration and customization of payment solutions for websites and mobile apps. They are able to arrange payments on the website of any commercial organization that increases convenience with highest possible level of successful transactions. Thousands of companies in CIS, Europe and Asia use PayOnline to accept payments online. PayOnline offices are located in Russia and in the Republic of Cyprus. For more information, please visit: www.payonline.ru/en or www.payonline.ru.

About Net Element
Net Element, Inc. ( NASDAQ : NETE ) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the US and selected emerging markets. In the US it aims to grow transactional revenue by innovating SME productivity services such as its cloud based, restaurant point-of-sale solution Aptito. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions such as UAE, Kazakhstan, Kyrgyzstan and Azerbaijan where initiatives have been recently launched. Further information is available at www.netelement.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, whether the newly expanded payments module will be widely adopted or result in additional business for the Company, whether Net Element can secure any additional financing and if such additional financing will be adequate to meet the Company’s objectives. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to: (i) Net Element’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element’s ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element’s ability to successfully expand in existing markets and enter new markets; (iv) Net Element’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Net Element’s business; (viii) changes in government licensing and regulation that may adversely affect Net Element’s business; (ix) the risk that changes in consumer behavior could adversely affect Net Element’s business; (x) Net Element’s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions; (xii) adverse effects of potentially deteriorating U.S.-Russia relations, including, without limitation, over a conflict related to Ukraine, including a risk of further U.S. government sanctions or other legal restrictions on U.S. businesses doing business in Russia. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K and the subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Net Element assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

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Reminder to Register for NXT-ID Investor Webcast

MELBOURNE, Florida, September 7, 2016 /PRNewswire/ —

NXT-ID, Inc. (NXTD) (“NXT-ID” or the “Company”), a company focused on the growing mobile commerce market reminds shareholders to register for today’s webcast taking place at 4:15 EDT.

The webcast will be moderated by SoundView Technology Group analyst, Steve Waite. Gino Pereira, CEO of NXT-ID, will be joined by Kevin O’Connor, President of LogicMark and Dr. Mike Remedios, Chief Technology Officer at WorldVentures, LLC. and Director of NXT-ID.

Webcast details to participate:

Date: Sept 7th 2016

Starting time: 4:15 EDT

Registration link:http://edge.media-server.com/m/p/4we43g7d

The webcast call will be recorded and available for playback at NXT-ID’s website: http://www.nxt-id.com

About LogicMark

Founded in 2006, LogicMark has revolutionized the personal emergency response system (PERS) industry by incorporating patented two-way voice communication technology directly in the medical alert pendant. With a focus on innovation, LogicMark provides a unique offering of medical alert systems that contribute to improving the quality of life for those choosing to continue to live independently. https://www.logicmark.com/

About WorldVentures

WorldVentures Marketing, LLC, a privately held company based in Plano, Tex., is a global travel club that sells memberships providing a diverse set of lifestyle products and experiences. The company uses the direct sales model to go to market with active Representatives and Members in 29 countries. http://worldventures.com

About NXT- ID Inc. – Mobile Security for a Mobile World

NXT-ID is an emerging growth technology company that is focused on products, solutions, and services for security on mobile devices. Our core technologies consist of those that support digital payments, biometric identification, encryption, sensors, and miniaturization. We have three distinct lines of business that we are currently pursuing: mobile commerce, primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting. http://www.nxt-id.com

Forward-Looking Statements for NXT-ID: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company’s business strategy. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. 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.

NXT- ID Inc Contact:
Corporate info: [email protected]

D. Van Zant
800 665-0411
[email protected]

0 17

Though Elon Musk isn’t building a Hyperloop transportation system physically, SpaceX is currently in the process of building a test track for Hyperloop pods. SpaceX is hosting a Hyperloop Pod Design Competition for engineering teams and students, and 23 winners were chosen earlier in 2016 to help build their pod prototypes. They also will race them on the test track, which consists of a 1-mile tube with the ability of achieving 99.8% vacuum.

Pod testing would be a major milestone for Hypeloop technology. The two main companies battling to build the first operational Hyperloop systems, Hyperloop One, and Hyperloop Transportation Technologies, currently have not initiated any pod tests. HyperloopOne has begun construction on its own test track in Nevada, but the SpaceX project seems a lot further along.

Previously when SpaceX first released the competition, the timing of the final round, which entailed the actual test of final prototype pods, was set for summer of this year. Though, in July, SpaceX announced that would be pushed back till January 2017. It’s still not clear if the setback SpaceX recently experienced via the loss of Falcon 9 rocket along with Facebook’s Internet.org satellite this past week will affect those timelines.

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