SOURCE: SmartMetric, Inc.
NEW YORK, NY--(Marketwired - Dec 9, 2013) - SmartMetric, Inc. (OTCQB: SMME) - Speaking today, SmartMetric™ Inc. President & CEO Chaya Hendrick said that the company has been able to achieve significant cost reductions in its material and assembly costs of its world first and smallest complete in-card fingerprint reader as well as its ground breaking MedicalKeyring used for biometric safe storage of a person's medical records.
The company has vigorously pursued advances in its electronics, which has resulted in a much reduced component count along with an even greater reduction in component physical size. This has resulted in significant cost savings for both raw components along with the cost of manufacturing. A faster CPU has also been added ensuring a fingerprint read of less than 1 second.
The SmartMetric fingerprint activated complete card solution is a quantum leap in card authentication in the payments industry along with superior identification verification for identity cards.
A person's fingerprint is stored inside the card and then the cards surface contact and or internal RFID/NFC chip is activated following a fingerprint scan and match of the card users fingerprint. A fingerprint sensor that is connected to the advanced nano in card circuit board operates the SmartMetric miniature in-card fingerprint reader.
For further information please go to www.smartmetric.com also www.medicalkeyring.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.