$SMME Monday's OTC Breakout Watchlist (EPAZ, GSAC, TPTW, SMME)
SmartMetric, Inc. (OTC: SMME)
SMME has utilized its issued design patents to protect its invention of a biometric fingerprint activated credit card. The company has dedicated over a decade to research and development in creating a credit card with an embedded fingerprint scanner for enhanced security. Recognizing the significance of this invention, SmartMetric applied for patents early on to safeguard its position as the original and first developer of biometric activated credit cards.
The issued design patents, which cover various shapes of fingerprint sensors placed on the surface of the card, provide SmartMetric with a strong patent protection that prevents other companies from selling smart cards or credit cards with a chip and fingerprint sensor in the United States. These patents give SmartMetric an exclusive product monopoly in the largest credit card market in the world.
Design patents are relatively easier to enforce compared to other types of patents, as they do not require lengthy litigation in federal courts. By presenting the issued design patents to the relevant government department, SmartMetric can have competitor copycat cards seized at ports of entry or within the USA.
Currently, SmartMetric is in the final stages of quality control testing for its biometric card hardware, internal software, and embedded operating system. The company is preparing to present its product to one of the world's largest credit card brands and card networks, after which it plans to offer the biometric card to major card issuing banks worldwide. The rigorous testing process aims to ensure a fail-safe product before its release.
Market research indicates a strong willingness among existing credit card holders, with almost 70% of them willing to pay $70 for a biometric secured credit card to protect themselves from fraud. The credit card market continues to grow, with a significant number of new card accounts being opened in recent years.
With its issued design patents and advanced biometric card technology, SmartMetric is poised to establish itself as a leader in the biometric credit card industry, capitalizing on the increasing demand for enhanced security in credit card transactions.
https://www.marketscreener.com/quote/stock/EP...-44186544/
SmartMetric, Inc. (OTC: SMME)
SMME has utilized its issued design patents to protect its invention of a biometric fingerprint activated credit card. The company has dedicated over a decade to research and development in creating a credit card with an embedded fingerprint scanner for enhanced security. Recognizing the significance of this invention, SmartMetric applied for patents early on to safeguard its position as the original and first developer of biometric activated credit cards.
The issued design patents, which cover various shapes of fingerprint sensors placed on the surface of the card, provide SmartMetric with a strong patent protection that prevents other companies from selling smart cards or credit cards with a chip and fingerprint sensor in the United States. These patents give SmartMetric an exclusive product monopoly in the largest credit card market in the world.
Design patents are relatively easier to enforce compared to other types of patents, as they do not require lengthy litigation in federal courts. By presenting the issued design patents to the relevant government department, SmartMetric can have competitor copycat cards seized at ports of entry or within the USA.
Currently, SmartMetric is in the final stages of quality control testing for its biometric card hardware, internal software, and embedded operating system. The company is preparing to present its product to one of the world's largest credit card brands and card networks, after which it plans to offer the biometric card to major card issuing banks worldwide. The rigorous testing process aims to ensure a fail-safe product before its release.
Market research indicates a strong willingness among existing credit card holders, with almost 70% of them willing to pay $70 for a biometric secured credit card to protect themselves from fraud. The credit card market continues to grow, with a significant number of new card accounts being opened in recent years.
With its issued design patents and advanced biometric card technology, SmartMetric is poised to establish itself as a leader in the biometric credit card industry, capitalizing on the increasing demand for enhanced security in credit card transactions.
https://www.marketscreener.com/quote/stock/EP...-44186544/
