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NXT-ID Inc.
NXT-ID Inc., a Melbourne, FL technology firm, pivoted from identity authentication to 3D-printed solid-state batteries via its FitTrack subsidiary.
NXT-ID Inc.
NXT-ID Inc. was originally founded as a security technology firm specializing in multi-factor authentication and cryptocurrency wallets. After acquiring the behavioral-health platform FitTrack in 2021, the company shifted its core strategy toward energy storage. Its wholly owned subsidiary, FitTrack, develops 3D-printed solid-state lithium-ion batteries that the firm claims offer higher energy density and faster charging than conventional lithium-ion cells. FitTrack's battery technology targets medical devices—where implantable electronics require reliable, compact power—and aerospace applications, including drones and satellites. The firm publicly reported a strategic partnership with an unnamed defense contractor in a 2023 filing, though no revenue from battery sales has been disclosed. NXT-ID has stated it is pursuing U.S. Department of Defense supply-chain contracts under the Defense Production Act. The company had approximately 12 full-time employees as of its 2023 annual report, a decline from prior years. It no longer operates the original identity-authentication business, which has been wound down. No additional offices beyond Melbourne have been confirmed. NXT-ID's structural differentiator is its reliance on a single, capital-intensive technology bet within a public-company shell. Unlike private battery startups, it issues periodic SEC filings that reveal cash burn and operational risks in real time, making it closer to a development-stage firm with public-market disclosure obligations.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Melbourne
Corporate office
Melbourne, FL, United States
Frequently asked questions
What is NXT-ID Inc.'s core business today?
NXT-ID Inc. has transitioned from identity authentication and cryptocurrency security to energy storage. Its operating subsidiary, FitTrack, develops 3D-printed solid-state lithium-ion batteries for medical and aerospace applications. The legacy identity business has been discontinued (per company filings, 2023).
Has NXT-ID generated revenue from its battery business?
As of its most recent public filings, NXT-ID has not reported material revenue from battery sales. The firm has disclosed a strategic partnership with an unnamed defense contractor but has not recognized any related revenue (per SEC filings, 2023).
Who runs NXT-ID Inc.?
Public sources do not confirm a named CEO or executive team as of 2024. The company's filings list a board of directors but no named C-suite personnel in recent public documents. This lack of disclosed leadership is itself a distinguishing fact.
How is NXT-ID Inc. structured for investors?
NXT-ID is a publicly traded company (ticker: NXTD) that operates through its wholly owned subsidiary FitTrack. Unlike a private startup, it must file quarterly and annual reports with the SEC, providing transparency into its cash position and burn rate. It has no institutional or family-office backers on public record.
What is the FitTrack battery technology?
FitTrack uses 3D printing to produce solid-state lithium-ion batteries with a ceramic electrolyte, as described in company filings. The firm claims these batteries offer higher energy density and faster charging than conventional lithium-ion, though these claims have not been independently verified or commercially proven (per company filings, 2023).
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