SOURCE: SmartMetric, Inc.
NEW YORK, NY--(Marketwired - May 21, 2014) - SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric is now in production discussions with major contract manufacturers concerning the mass production of the SmartMetric Fingerprint activated credit and debit cards. The company is also moving forward with pre production development of its fingerprint card platform for various identity and access control markets for particular use in the Government sector. According to the company President & CEO, Ms. Chaya Hendrick, early indications from prospective financial institutional customers for our biometric credit and debit cards in various parts of the world is leading the company to look at card production manufacturers that have capacity of between 10 million to 50 million cards per year.
SmartMetric has added a fingerprint scanner built inside EMV chip cards that is used as a second layer biometric authentication protection. The person becomes the key in securely activating their card. The SmartMetric card technology is interoperable and compatible with existing EMV banking card systems and readers.
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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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.