|By Marketwired .||
|December 2, 2013 11:16 AM EST||
NEW YORK, NY -- (Marketwired) -- 12/02/13 -- SmartMetric, Inc. (OTCQB: SMME) -- Speaking today from New York, SmartMetric Inc. President & CEO Chaya Hendrick said the SmartMetric biometric fingerprint activated payments card will be available for quantity sales in the first quarter of 2014. She said the company has had to overcome a number of production issues in order produce the card in high volumes. And high volume production is absolutely necessary in order for a financial institution to proceed with the SmartMetric Biometric Card deployment.
The SmartMetric biometric card is designed to work with EMV chips and uses a match of a person's fingerprint that is stored inside the memory of the card in order to activate the contact or contactless EMV chip. EMV chip cards are used in the banking industry around the World and are now being deployed by the card companies in the United States. According to industry reports there are more than 1.5 Billion EMV cards in use around the World.
For information on SmartMetric and its technology please go to www.smartmetric.com.
Safe Harbor Statement Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.
Chaya C. Hendrick
President & CEO