SOURCE: SmartMetric, Inc.
NEW YORK, NY--(Marketwired - May 16, 2014) - SmartMetric, Inc. (OTCQB: SMME) -- The Federal Circuit Court has received all briefs and motions from both SmartMetric and the Defendants, Visa Inc. and MasterCard International. With the matter officially before the court and all filings now completed and accepted by the Court, we are now just waiting for a hearing scheduling date from the Court, said the President and CEO of SmartMetric, Ms. Chaya Hendrick. SmartMetric is claiming $13.4 billion in damages and a pre-paid patent license fee from the card companies. Ms. Hendrick said it has been indicated that we can expect advisement from the Court on the scheduled hearing date by the end of May, which would most likely see our case against Visa and MasterCard being heard in either late July or early August. This is an indication only and the company is awaiting the calendar scheduling by the Court. Upon the Court advising the company of the scheduled hearing date the company will immediately advise the market and shareholders, many of whom are eagerly following the case of patent infringement SmartMetric has brought against both Visa and MasterCard. It has been a long journey spanning a number of years but we are pleased to see matters coming to a head in the Court and are excited concerning the prospective outcome, said SmartMetric President, Ms. Hendrick.
About SmartMetric, Inc.
SmartMetric Inc. is a technology development company that designs and engineers its advanced products utilizing the company's expertise in miniaturizing electronics. The company has developed miniature fingerprint self powered fingerprint scanners and readers that fit inside credit and identity cards that are at the center of SmartMetric Inc.'s key ring and credit and identity card products. For more information please visit us at www.smartmetric.com.
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