NEW YORK, June 20, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) – The SmartMetric biometric credit card leads the biometric card industry in having a biometric card the size and thickness of a credit card that is powered by an internal battery allowing the card to do a fingerprint scan prior to its insertion into a card reader.
Other company’s have tried to copy our technology but have failed to overcome to address the ability of the card to be self powered with a power source inside the card. This means cards that have been offered of recent by one of the largest credit card makers require the card to be inserted into a card reader in order to do a fingerprint scan. Resulting in the card not working independent of the card reader and making it unusable in 99% of ATM’s. This also makes the card unusable in the majority of restaurants who take the credit card from the table to be processed at the restaurants cash register.
We have spent years in developing the power management system used in our card. Our card has an internal super thin rechargeable battery along with our SmartMetric BMS “Battery Management System” that allows the card to be used independently of an external card reader. The fingerprint scan is done using the cards internal biometric fingerprint scanner powered by the SmartMetric power system. The user simply touches the card sensor and the internal fingerprint scanner completes a fingerprint scan and match in less than half a second. Allowing the card holders fingerprint to be used to unlock the card as it is being inserted into a card reader or ATM, said SmartMetric’s President & CEO, Chaya Hendrick.
The SmartMetric biometric internal fingerprint scanner is made to work with credit and debit chip cards. The card holders fingerprint is used to turn on the chip cards surface chip thereby providing much greater protection than PIN’s or passwords.
According to industry published figures, there are now 7.186 billion chip cards issued by banks globally. This figure is based on reported figures for 2017. Figures reported in Q4 of 2017 and represent the latest statistics for from American Express, Discover, JCB, Mastercard, Union Pay, and Visa, as reported by their member institutions globally.*
The SmartMetric biometric credit/debit card is designed specifically for use with Chip Cards. Inside the SmartMetric biometric card is a fully functional fingerprint scanner that uses the card holders pre-stored fingerprint inside the card to match and then activate the card based on the cardholder’s fingerprint biometrics.
The SmartMetric miniaturized biometric fingerprint scanning technology has been engineered and developed by SmartMetric.
SmartMetric is a United States company with its head office in Las Vegas, Nevada. It has a team of advanced engineers in Tel Aviv, Israel and has mass manufacturing capacity in various parts of the world. The company can now manufacture 1 million cards a month and has the capacity to increase this capacity significantly based on product demand.
The SmartMetric biometric card is protected by five (5) recently “issued” patents. Additional patents are pending.
To view a video of the SmartMetric card follow this link SmartMetric Biometric Card Video (older card type)
To contact the representative for the SmartMetric biometric credit/security card within the USA please contact PROTEC Secure Card, Tracey Breckenridge at traceyb@protecsecurecard.com To view their website, www.protecsecurecard.com
For more information concerning the new biometric secured credit and security card for South America please contact HOGIER GARTNER CIA S.A., Alvaro Gartner Valencia at alvaro.gartner@hogier.com To view their website, www.hogier.com
*figures source: https://www.emvco.com/wp-content/uploads/2018...180327.pdf
Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also 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. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
Contact Information
USA REPRESENTATIVE Protec Secure Card, LLC 80 Corbett Way Eatontown, NJ 07724, USA +1-732-542-0700 Sales: Tracey Breckenridge www.protecsecurecard.com
SOUTH AMERICA REPRESENTATIVE HOGIER GARTNER & CIA. S.A. Alvaro Gartner Valencia Gerente Comercial & Financiero Carrera 65, No. 80-16 Bogota D.C. 11121, Colombia Tel: +57. (1) 4378484 alvaro.gartner@hogier.com www.hogier.com
SmartMetric, Inc. Head Office +1.702.990.3687 (West Coast Time) chaya@smartmetric.com www.smartmetric.com
