SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

September 22, 2014 08:30 ET

SmartMetric Inside Credit Card Fingerprint Reader Has Achieved Sub 1 Second Fingerprint Match and Verification That Is Used to Validate the Identity of the Card User and Subsequently Activate Credit Cards EMV Chip

TEL AVIV, ISRAEL--(Marketwired - Sep 22, 2014) - SmartMetric, Inc. (OTCQB: SMME) -- Speaking today from SmartMetric's electronic engineering center in Tel Aviv, Israel the company President & CEO Chaya Hendrick said the company has achieved a sub one second fingerprint scan with its miniature fingerprint scanner embedded inside an EMV chip credit/debit card. This has been achieved using a Cortex processor that has reduced power consumption and therefore gives the cards battery an extended power charge life while providing a measurable increase in computational and scanning speed. Practically this means a card user standing on the street wanting to use his/her card at an ATM or inside a store at the checkout can touch the cards surface fingerprint sensor and in the time it takes to insert into the card reader the cards EMV chip is activated following a successful fingerprint match that takes place inside the card. Of course if the card doesn't belong to the user it won't work. "In our opinion this is the most secure credit card technology yet developed and a giant leap in card security and will provide potentially millions if not billions in card fraud protection," said the company President Chaya Hendrick.

SmartMetric uses silicon components that are re-engineered by its engineers to make them thinner than what is standard from silicon manufacturers. The company has had years in research and development to achieve a fully functional computer circuit board that is less than half the thickness of a credit card. The miniature computer has its own power management system developed by SmartMetric that allows for recharging the cards internal battery when the card is inserted into a card reader. To have a fully functional computer that uses the same processor used in today's smartphones and tablets with a thickness half the size of a credit card is an accomplishment that could be used to make future consumer electronic devices substantialy thinner than today's clumsily thick devices. Our know how and expertise used to develop our biometric card has the ability to revolutionise many consumer electronic devices said Chaya Hendrick at the company's offices in Israel.

Last week the company gave a presentation of its technology in New York at the National Investment Bankers Association (NIBA) conference. This was a follow up from a presentation at an earlier conference after which the Chairman of NIBA and partner of Hanoverelite Mr. Jim Hock was appointed as a consultant to the company in order to represent SmartMetric to Investment Bankers on Wall Street. SmartMetric has also appointed a specialist technology investment banking firm, Oberon Securities that is now presenting SmartMetric to investing institutions and funds in New York. SmartMetric is doing an institutional round of funding to fund mass production of its electronic biometric cards that will then be manufactured in large scale with a major contract manufacturer in Asia.

For information on SmartMetric and its technology please go to www.smartmetric.com.

About SmartMetric, Inc. SmartMetric Inc. is a technology development company that designs, engineers its advanced products utilizing the company's expertize in miniaturizing electronics. The company has developed miniature fingerprint self powered fingerprint scanners and readers 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.

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 Dalsgaard
    EraStar, Inc.
    (702) 480.9800

    Capital Markets & Media Relations
    Hanover Elite
    (407) 585.1080

    SmartMetric, Inc.
    Chaya Hendrick
    Head Office: (702) 990.3687
    Direct: (786) 269.2238
    Email: ceo@smartmetric.com