SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

August 11, 2014 14:06 ET

SmartMetric Fingerprint Activated EMV Payments Cards to Be Mass Produced by a Contract Card Manufacturer With a 250,000 Card Production Capacity per Week

NEW YORK, NY--(Marketwired - Aug 11, 2014) - SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric is moving forward with its release of its fingerprint activated EMV payments cards using a major credit card manufacturer who has the capacity to produce 250,000 cards per week under contract for the company. The contract manufacturer selected by SmartMetric is also able to ramp up its production capacity to provide for a 1 million cards per week production capacity. This will be required to meet SmartMetric's target of 50 million fingerprint cards over the next 12 to 18 months.

On Friday the 8th of August a hearing in the Federal Circuit Court took place between SmartMetric as plaintiff and Visa and MasterCard as defendants in respect of a patent infringement claim against the card payments companies and a patent owned by SmartMetric. SmartMetric is pleased with the presentation of its case before the Court and is awaiting a ruling by the Court which could be anywhere from 2 weeks or two months.

About SmartMetric, Inc.
SmartMetric, Inc. is a technology company that designs and engineers its own advanced products utilizing the company's expertise in miniaturizing electronics. The company has developed a miniature fingerprint self powered fingerprint scanner and reader that fits inside credit and identity cards that are at the center of SmartMetric Inc.'s advanced biometric products. For more information please visit 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

  • CONTACT INFORMATION:
    SmartMetric, Inc.
    Chaya Hendrick
    Office: 702-990-3687
    Direct: 786.269.2238
    Email: ceo@smartmetric.com