SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

February 23, 2016 12:21 ET

SmartMetric to Show Its Advanced Biometric Fingerprint Activated Credit Card at the Smart Card Alliance Payments Summit in Orlando Florida April 4th to 7th, 2016

NEW YORK, NY--(Marketwired - February 23, 2016) - SmartMetric, Inc. (OTCQB: SMME) SmartMetric is pleased to announce that it will be showing its first in the world biometric fingerprint activated EMV chip card that has a built in fingerprint scanner used to validate the card user and activate the card's EMV credit card chip.

The President & CEO of SmartMetric, Chaya Hendrick will also be speaking at the Payments Summit where she will be unveiling the SmartMetric card to the Smart Card Alliance conference and exhibition attendees.

We are very excited to be unveiling our amazing world first biometric card technology that takes the security of credit and debit cards to a whole new level. Other companies have tried to copy what we have created but all have failed in coming out with a functional credit card with a built in fingerprint reader that also has a functional built in rechargeable power source. Where other companies trying to copy us have met a brick wall amongst other things has been the lack of ability in reducing the size and in particular the thickness of the complex electronic components needed to be embedded inside the card, said SmartMetric's President today.

Apart from us being the world's first credit card thin biometric fingerprint card our card is on average 50% less than other companies stated release price. The average cost per card of powered electronic cards is between $90.00 to $120.00 a card. SmartMetric has been able to achieve efficiencies in its own component manufacturing along with overall manufacturing cost saving that allows the company to offer its card for $50.00

It has taken years of R&D to engineer our own components to create the super thin electronics such as our cortex processor, memory etc along with an incredibly thin tissue paper thin circuit board said Chaya Hendrick. Of course we could have released a much thicker card that wouldn't have conformed to ISO credit card size and thickness but from the outset we wanted our card to be able to work with existing payment card terminals and ATM's the company President said.

The SmartMetric biometric card uses a miniature super thin fingerprint reader made by SmartMetric that sits inside EMV chip cards. There are more than 3.4 billion EMV chip cards in use around the world. SmartMetric is looking at selling into this market at a price of $50.00 per card and thereby providing the consumer with a much safer credit card to protect against identity and data theft.

SmartMetric is now in talks with card issuing Banks in North America and Europe and will be soon introducing its card to Banks in South East Asia and Latin America.

About SmartMetric: SmartMetric has created a safer and better user validation and identification technology for payment and identity cards using a person's individual and unique biometrics to validate and identify the card user. The company has created a super miniature fully functional powerful fingerprint scanner that fits inside a payments card as well as identity and secure log on cards. Using an internal Cortex processor built in the card the SmartMetric biometric card scans, reads and matches a person's fingerprint in less than 0.25 seconds. The card's internal scanner is powered by a rechargeable battery developed by SmartMetric and also embedded inside the payments and identity card. SmartMetric is a publicly traded fully reporting company on the United States OTCQB exchange.

To view a video of the SmartMetric biometric chip card follow this link -- https://youtu.be/zSX59uHoHqU. To view the company website: www.smartmetric.com.

Safe Harbor Statement: This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events. 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

  • SmartMetric, Inc.
    Head Office:
    702.990.3687

    Media Enquiries Direct: 
    786.269.2238
    Email: info@smartmetric.com

    Investor Relations
    Everest Corporate Advisors, Inc. 
    702.334.7791 or 415.250.0105