SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

March 08, 2017 12:58 ET

Fingerprint Biometrics Dominate the $US4.45 Billion Biometrics Market -- SmartMetric Welcomes Report Showing 91% of the $4.45 Billion Biometric Market Is Based on Fingerprint Biometrics

NEW YORK, NY--(Marketwired - March 08, 2017) - SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric the maker of inside the card biometric fingerprint scanning technology, as reported by Yale Development of France, says the market sales value of the biometric market in 2016 was $4.45 Billion. The same report states that "fingerprint" based biometrics dominate the biometrics hardware market with an estimated 91% market share. This gives a value of 2016 of $4.1 Billion for fingerprint based biometrics. All other biometric hardware solutions, it is estimated only have a $250 million market share as presented in the report.

SmartMetric believes that while the $4.1 billion market value for 2016 of fingerprint biometric hardware is significant it is only the start of what will become a much bigger market. "As fingerprint sensor based user validation solutions proliferate into more and more industries and are used more as a leading security solution, we will see market value figures going forward that will overshadow these 2016 figures. After all we are only at the beginning of the mass adoption of biometric fingerprint technology," said SmartMetric's President & CEO, Chaya Hendrick.

The company President also stated, "We are at the beginning of the mass adoption of fingerprint biometric technology and you will see a huge increase in fingerprint sensor based tech. As we move to roll out our biometric fingerprint sensor technology for instance into credit cards you will see that fingerprint technology will become a more and more ubiquitous feature of modern life."

The SmartMetric biometric card scans and matches a persons fingerprint in less than 0.25 seconds allowing for instant card user validation. The biometric card also does all of its scanning and matching inside the card without the need for a central online depository of fingerprints. This provides the card user with a significantly safer protection of their fingerprint information while also protecting the card user's privacy.

SmartMetric is in commercial talks with various global card issuers in both the banking and security industries. The SmartMetric solution overlays biometric protection on top of the new Chip Card technology now being adopted and used across the United States.

Follow this link to view the SmartMetric biometric card:

Demonstration of the SmartMetric Biometric Payments Card -- https://youtu.be/zSX59uHoHqU

To view the company website: www.smartmetric.com

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.

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