NEW YORK, NY — (Marketwired) — 05/20/15 — SmartMetric, Inc. (OTCQB: SMME) SmartMetric announced today that it is on track with its time frame for manufacturing release of its fingerprint activated and user verified biometric payments card. It is now expected that the first product release will be within the next 60 days.
The company is already receiving approaches from Financial Institutions from around the world who are interested in the technology as a means to mitigate card fraud while at the same time providing their banking customers with a greater protection against identity theft.
Research and development of the revolutionary new payments card has taken a number of years, with the largest obstacle being the physical size of components needed. “What we have done is scale down components such as our Cortex processor and memory along with the power management system to a thickness less than 1/3 the height of a standard credit card. This in itself is a phenomenal achievement in the field of electronics,” said SmartMetric–s President & CEO, Chaya Hendrick.
The SmartMetric biometric payments card is self-powered with a rechargeable battery and uses the person–s fingerprint verification to activate the cards EMV chip. There are now more than 3.5 billion EMV chip cards in use globally.
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.
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