Finally, our plan requires a collection of high stage safeguard merchandise and facial cognizance purposes that can beutilized by law enforcement, case look at solution protection industry, and Homeland Security. Using our biometrics orientedtechnologies, we plan to target case study solution transforming into m trade market with our innovativeMobileBioÔ suite of biometric answers that may offer secure cellular telephone platformsfor clients of such structures as well as those offering merchandise and/or services through such cellular telephone structures. Our MobileBioÔsuite of functions is intended to offer diverse merits within these markets by filling an interoperability gap left bytraditional biometric answers that both are physically built-in and thus, not flexible or versatile, or offer poor interoperabilityand insecure far off facilities. The Company also plans to serve case look at solution access manage and law enforcement facial recognition markets. Effective June 25, 2012, case study answer Company acquired 100% of case look at answer membership pursuits in 3D ID, LLC “3D ID”,a limited legal responsibility company formed in Florida in February 2011 and owned by case study answer Company’s founders. Since this was a transactionbetween entities below common manage in accordance with Accounting Standards Codification “ASC” 805, “BusinessCombinations”, Nxt ID identified case examine solution net assets of 3D ID at their sporting quantities in case examine answer bills of Nxt ID on case study answer datethat 3D ID was arranged, February 14, 2011.
Finally, our plan requires a collection of high stage safeguard merchandise and facial cognizance purposes that can beutilized by law enforcement, case look at solution protection industry, and Homeland Security. Using our biometrics orientedtechnologies, we plan to target case study solution transforming into m trade market with our innovativeMobileBioÔ suite of biometric answers that may offer secure cellular telephone platformsfor clients of such structures as well as those offering merchandise and/or services through such cellular telephone structures. Our MobileBioÔsuite of functions is intended to offer diverse merits within these markets by filling an interoperability gap left bytraditional biometric answers that both are physically built-in and thus, not flexible or versatile, or offer poor interoperabilityand insecure far off facilities. The Company also plans to serve case look at solution access manage and law enforcement facial recognition markets. Effective June 25, 2012, case study answer Company acquired 100% of case look at answer membership pursuits in 3D ID, LLC “3D ID”,a limited legal responsibility company formed in Florida in February 2011 and owned by case study answer Company’s founders. Since this was a transactionbetween entities below common manage in accordance with Accounting Standards Codification “ASC” 805, “BusinessCombinations”, Nxt ID identified case examine solution net assets of 3D ID at their sporting quantities in case examine answer bills of Nxt ID on case study answer datethat 3D ID was arranged, February 14, 2011.