SOURCE: SmartMetric, Inc.
NEW YORK, NY--(Marketwired - Jan 7, 2014) - SmartMetric, Inc. (OTCQB: SMME), a developer of patented biometric products, announced today that an expert witness has provided key evidence in support of the Company's patent infringement suit against Visa, Inc. and MasterCard International. The Company recently announced it has submitted a brief to the United States Federal Circuit Court for its $13.4 billion claim for damages and pre-paid royalties.
"Edward Gussin, an expert witness who specializes in electrical engineering, provided testimony that documents submitted to the court by Visa and MasterCard in their own defense, directly show they infringed. Mr. Gussin further shows that the defendants' EMVsystems technology contains all six elements of SmartMetric's independent claims in our patent," stated SmartMetric President and CEO Chaya Hendrick. "We look forward to further developments in this case, which are expected in the coming months."
Edward Gussin is an electrical engineer with 30-plus years of experience. He has extensive expert witness testimony experience in the fields of electronics, computer hardware and software, video game technology, and electrical engineering. His expertise includes in-court testimony, strategy development, brief preparation, research in patent infringement litigation and Markman hearings.
The following are excerpts pertaining to Mr. Gussin's expert findings submitted to the court in the court brief filed by SmartMetric, which can be found at: www.smartmetric.blogspot.com:
- "...Gussin identifies Defendants' own documents, produced by Defendants in this case, which show that Defendants' EMVsystems contain all 6 elements in SmartMetric's independent claims 1 and 14."
- "...Gussin's expert opinion that Defendants' EMVsystems include all six elements in the asserted claims, and therefore infringe, based on Defendants' own documents and deposition admissions."
- "...all evidence (A)-(C) was uncontroverted, because Defendants' witnesses did not claim to have reviewed Defendants' documents that Gussin's Declarations relied on as showing Defendants' infringement, did not contest what Gussin said, and did not file any Declarations, or any other evidence, rebutting Gussin's analysis."
SmartMetric, Inc. (OTCQB: SMME) develops patented biometric technologies used for security and identification, including the world's smallest fingerprint reader. The Company's proprietary advanced miniature electronics technology uses sub-micro computers to create fingerprint and security applications that were not previously possible. The world's smallest fingerprint reader is designed to fit inside standard payments cards as well as ID cards. Because of the miniature size of the electronics it is ideal for use in a broad array of products requiring an enhanced identification system. SmartMetric's products include biometric credit card and biometric debit card technologies, a medical emergency biometric card, and a MedicalKeyring™. For information on SmartMetric and its technology please go to 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.