SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

February 28, 2014 11:59 ET

SmartMetric, Developer of Fingerprint Biometric Cards, Expects to See Significant Growth in the Biometrics Industry

A Recent Report States the Global Biometrics Market Is Anticipated to Reach $16.7 Billion by 2019

NEW YORK, NY--(Marketwired - Feb 28, 2014) - SmartMetric, Inc. (OTCQB: SMME), a holder of a USAPTO issued patent covering the use of SmartCards (EMV Cards) that are used to make connections to a network and the developer of an in-card biometric fingerprint reader that is used to activate the cards surface mounted EMV chip, welcomes the growth forecasts as presented in a recent published report for the global biometrics industry, stated SmartMetric CEO Chaya Hendrick.

The 563-page report by Wintergreen Research, Inc. says, "The global biometrics market is at $5.2 billion in 2012 anticipated to reach $16.7 billion by 2019. Market growth is a result of demand for protection of individual information and for the needs of organizations to control access to documents and to areas."

SmartMetric, Inc. has developed a new method for protecting its electronics that are embedded inside its biometric cards in a way that thwarts reverse engineering. As a consequence the company is now able to contract out its mass production of cards to outside credit card and i.d. card manufacturers. The company is in discussion with such companies that have production capacity in excess of 100 million cards annually and is expected to conclude mass production agreements shortly. 

The company is preparing for further submissions by it to the US Federal Circuit Court in its Patent Infringement lawsuit brought by it against both Visa Inc. and MasterCard International. SmartMetric is claiming that Visa and MasterCard EMV (smart card) cards infringe its "494" patent and is seeking $13.4 billion as a prepaid royalty. The defendants are to provide the Federal Circuit Court with their reply brief by March 10th, 2014 and SmartMetric will be providing its reply to their brief by the end of March 2014. A copy of the SmartMetric brief to the Court can be seen on its website at

About SmartMetric
SmartMetric, Inc. (OTCQB: SMME) is the owner of a USAPTO issued patent covering the use of smartcards (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, using its in-house developed world's smallest in-card fingerprint reader. The Company's proprietary advanced miniature electronics technology uses sub-micro computers to create state of the art fingerprint and security applications. For information on SmartMetric and its technology please go to

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

    Investor Relations:
    Jens Dalsgard
    Tel: 775.771.5808

    SmartMetric, Inc.
    Chaya C. Hendrick
    President & CEO
    Tel: 305.503.8157
    Direct: 786.269.2238