SOURCE: SmartMetric, Inc.
NEW YORK, NY--(Marketwired - May 12, 2014) - SmartMetric, Inc. (OTCQB: SMME) -- Speaking today, SmartMetric™ Inc. President & CEO Chaya Hendrick said the company is awaiting notice from the Federal Circuit Court of the scheduled hearing date for the hearing of its case dealing with alleged patent infringement by both Visa Inc. and MasterCard International. Both the Company and the Defendants have filed their briefs in the case. SmartMetric is asking the court to make a ruling of infringement based on a finding of control of the accused technology by the defendants. SmartMetric in earlier court filings has claimed $13.4 billion against the payment card companies.
It has been indicated that the Circuit Court hearing could be set for either July or August with a decision normally taking up to two months from the date of hearing. These final dates on scheduling are yet to be advised by the Court.
SmartMetric is a biometric technology company having created a super small fingerprint scanner that fits inside credit, debit and identity cards. A person's fingerprint is used to activate the card adding an extraordinary level of security to today's EMV chip based banking cards and security and identity cards.
Further information on SmartMetric can be found on the company website 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.