|By Marketwired .||
|August 13, 2014 01:13 PM EDT||
NEW YORK, NY -- (Marketwired) -- 08/13/14 -- SmartMetric, Inc. (OTCQB: SMME) SmartMetric, while disappointed with the ruling of the Federal Circuit Court in denying its motions in a ruling handed down today, is focused on moving forward into production of its world's first fingerprint activated EMV credit and debit cards targeted at the current 1.65 billion issued chip payments card market.
"The opportunity the company's biometric payments card technology represents to SmartMetric is enormous and in a short period of time can even be greater for the company than the one off value of its patent infringement lawsuit," said the company President, Chaya Hendrick.
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 of 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]
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