iWallet Aligns with NEXT Biometrics to Integrate Next Generation Touch Sensor Modules into Product Portfolio of Secure Luxury Techcessories

iWallet’s Patented BIO-BLU™ Biometric Bluetooth® Smart Locking Technologies to Utilize NEXT Biometric Touch Sensors to Enable Secure Communication

SAN DIEGO--()--iWallet Corporation (OTCQB: IWAL), the secure luxury techcessories developer, today announced a strategic alliance with NEXT Biometrics Group ASA (OAX: NEXT) to incorporate NEXT Biometrics’ next generation, high-quality fingerprint imaging sensor modules into iWallet’s portfolio of products, which feature its patented BIO-BLU™ Biometric Bluetooth® smart locking technology.

NEXT’s fingerprint sensors will be incorporated into iWallet’s biometric products, designed to protect credit cards, jewelry, prescription medications and other valuables, which are available through its retail division and strategic licensing agreements.

“NEXT Biometrics is leading the market with the preeminent and most cost-effective global fingerprint sensors available today. This alliance presents a unique opportunity to combine NEXT’s fingerprint sensor with our retail and licensing expertise, leveraging our robust and exclusive portfolio of design and utility patents,” said Jack Chadsey, CEO of iWallet Corporation. “We have committed to purchase a minimum of 10,000 NEXT NB-2020S sensors over the next twelve months, though based upon the early interest from major manufacturers in licensing iWallet's patented BIO-BLU technology, we wouldn’t be surprised to see that number increase 5-10 times.”

iWallet’s BIO-BLU is redefining the user authentication experience, enabling the next generation of biometric product integrations by combining simplicity and efficiency to create a product accessible without a PIN or password. This would allow customers to access any of their devices that are Bluetooth® connected via a secure biometric fingerprint sensor. BIO-BLU uses an encrypted data connection to any Bluetooth® host including smart phones, tablets and computers dependent on Bluetooth® 4.0, the most recent widespread deployment of the popular short-distance wireless communication protocol, which includes Bluetooth® Low Energy (BLE).

“BIO-BLU’s combination of secure pairing technology, local biometric verification and compatibility with personal devices, lends itself to vast implementations and is fueling alliances with major luggage and bag manufacturers, as well as other joint venture licensing collaborations, to fast track our technologies,” added Chadsey.

About iWallet

Headquartered in San Diego, California, iWallet (www.iwalletusa.com) is a secure, luxury techcessories company, focused on its robust patent and trademark portfolio in the growing biometric market and combining the latest security features with luxury appointments.

About NEXT Biometrics

NEXT BIOMETRICS GROUP ASA is a publicly listed company headquartered in Oslo, Norway, with sales, support and development subsidiaries in Seattle, Taipei and Shanghai. Enabled by its patented Active Thermal Principle, NEXT (www.nextbiometrics.com) offers high quality area fingerprint sensor at a fraction of the prices of comparable competitors. A wide range of product formats including Smartphones, Tablets, PC's, Doors, Time registration systems, Wearables, Payment terminals, Flashdrives, Usb-tokens, Key fobs and many more are targeted. Charles Ng, member of the Board of Directors at iWallet, also serves as VP of Sales at NEXT Biometrics.

Forward-Looking Statements

This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information contained in this press release including such forward-looking statements.

Contacts

for iWallet
Megan Decker, 201-465-8019
mdecker@antennagroup.com

Release Summary

iWallet Corporation, the secure luxury techcessories developer, today announced a strategic alliance with NEXT Biometrics Group ASA.

Contacts

for iWallet
Megan Decker, 201-465-8019
mdecker@antennagroup.com