|By Marketwired .||
|July 14, 2014 12:28 PM EDT||
NEW YORK, NY -- (Marketwired) -- 07/14/14 -- SmartMetric, Inc. (OTCQB: SMME) is looking forward to its patent infringement case it has brought against both Visa Inc and MasterCard International being heard on August 8th, in the Federal Circuit Court in Washington DC, said the company President & CEO, Chaya Hendrick today.
SmartMetric is suing the payments card companies for the use of data cards called EMV cards or smart cards used by them and now being distributed throughout the United States. SmartMetric is claiming 13.4 Billion in a prepaid royalty based on a percentage of the economic value flowing to the payment card companies from the alleged use of the SmartMetric patented technology.
SmartMetric is a publicly traded technology company that has added a fingerprint scanner built inside EMV payment credit and debit chip cards thereby creating a second layer biometric authentication protection in defending against card fraud. The company is now actively marketing its technology to card issuing financial institutions around the World.
About SmartMetric, Inc.
SmartMetric, Inc. is a technology company that designs and engineers its own advanced products utilizing the company's expertise in miniaturizing electronics. The company has developed a miniature fingerprint self powered fingerprint scanner and reader that fits inside credit and identity cards that are at the center of SmartMetric Inc.'s advanced biometric products. For more information please visit 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.
Company President & CEO
Email: [email protected]