SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

February 25, 2016 10:57 ET

SmartMetric, the Leader in Card Based Fingerprint Biometrics Welcomes the BCC Research Report Showing an Annual Growth of 22.7% Reaching $41.5 Billion Market Size for Biometric Reading Devices Over the Next 4 Years

LAS VEGAS, NV--(Marketwired - February 25, 2016) - SmartMetric, Inc. (OTCQB: SMME) -- The global market for biometric technologies totaled $14.9 billion in 2015 and is expected to reach $41.5 billion by 2020 increasing at a compound annual growth rate (CAGR) of 22.7% from 2015 to 2020.

SmartMetric is the maker of leading biometric super thin and small biometric fingerprint readers that fit inside credit card sized cards and that conform to ISO standards for credit card thickness.

It has taken us years of product development to create the components thin enough along with an extraordinary thin circuit board in order for us to make a fully functional biometric fingerprint scanner that is 1/4 the thickness of a credit card. This has allowed us to manufacture what is believed to be the smallest fully operational fingerprint scanner in the world that is powered by an internal rechargeable battery, said SmartMetric's President & CEO, Chaya Hendrick

Our engineers in Israel along with our team in the United States, have created an ingenious product that can be now used across a whole range of products from fingerprint activated credit cards to access and network log on cards that replaces passwords and PIN numbers. We are pleased to see this report on the size of the market for biometric devices expected to reach $41.5 billion over the next 4 years said Chaya Hendrick.

SmartMetric's biometric payments card solution adds to EMV Chip cards a strong biometric layer of security and works with existing chip card readers in retail stores and ATMs without the need for additional hardware or systems at the bank. The SmartMetric Biometric EMV Card has an embedded inside the card fingerprint reader that is used to scan a person's fingerprint, authenticate the card user and then in turn activate the cards EMV chip prior to a transaction at an ATM or in store checkout. The SmartMetric biometric card solution increases the trust level while providing a frictionless and seamlessly enhanced security experience for the card user.

According to EMVco there are 3.4 billion EMV chip cards now issued around the world. The United States is now changing over in excess of 1 billion credit and debit cards to EMV chip cards nationally.

To view a video of the SmartMetric biometric chip card follow this link:

SmartMetric Biometric Payments Card -- https://youtu.be/zSX59uHoHqU

To view the company website: 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.

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