SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

March 11, 2014 14:09 ET

Patent Litigation Defendants, MasterCard and Visa, Have Filed Their Joint Brief in the United States Federal Circuit Court in Reply to SmartMetrics' Motion Before the Court Seeking a Judgment of Infringement and a Ruling on SmartMetrics' Claim of 25% of Financial Benefits That Accrue From Infringement of the SmartMetric-Issued Patent

NEW YORK, NY--(Marketwired - Mar 11, 2014) -  SmartMetric, Inc. (OTCQB: SMME) is the owner of an issued United States Patent & Trademark Office patent referred to as the "464" patent in the SmartMetric infringement law suit brought by SmartMetric, Inc. against defendants Visa Inc. and MasterCard International covering the use of cards (EMV Cards) that are used to make connections to a network after insertion into a card reader.

Some millions of EMV cards have already been issued in the United States as part of the ongoing EMV adoption and rollout throughout the USA, directed by the payment card organizations. In representations to the District Court, Visa Inc. and MasterCard International have denied control of the claimed EMV card technology and therefore are not infringing parties of the SmartMetric patent. This is even in the light of representations under oath by both card companies' expert witnesses during deposition that the card companies do exercise control. The question of control by the defendants is now before the Federal Circuit Court with SmartMetric filing its motions including a motion to make a finding of infringement against both Visa Inc. and MasterCard International. SmartMetric has also asked the Federal Circuit Court to rule on SmartMetric's claim of 25% of the economic benefit flowing from the claimed infringing use of EMV cards in the United States, today said SmartMetric, Inc. President & CEO Chaya Hendrick.

SmartMetric is not a patent assertion entity. The company is a technology company and developer of an in-card biometric fingerprint reader that is used to activate the card's EMV chip and is pressing its patent infringement case against the defendants in order to protect its rights under its issued patent. "This is an important case of a small inventor and patent holder protecting its intellectual property rights against global corporate giants," stated Chaya Hendrick. SmartMetric in earlier court filings is seeking $13.4 Billion against the defendants.

About SmartMetric
SmartMetric, Inc. (OTCQB: SMME) is the owner of a USPTO issued patent covering the use of smart cards (EMV cards are smart cards) that connect to networks. The company develops biometric smart cards including EMV and access control cards used for payments, security and identification. 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.

Contact Information

  • SmartMetric, Inc.
    Chaya C. Hendrick
    President & CEO
    Tel: 305.503.8157
    Direct: 786.269.2238
    ceo@smartmetric.com

    Investor Relations
    Jens Dalsgard
    ConstellationAA.com
    Tel: 775.771.5808