SOURCE: SmartMetric, Inc.
BAY HARBOR, FL--(Marketwire - Jan 9, 2013) - SmartMetric, Inc. (OTCQB: SMME) -- Speaking today, The President and CEO of SmartMetric, Inc., Ms. Chaya C. Hendrick, said, "SmartMetric, Inc. is looking forward to its trial by jury against Visa and MasterCard for what SmartMetric alleges as serious infringement of its '464' Patent."
The "464" Patent, issued by the United States Patent Office and owned in full by SmartMetric, Inc., deals with data cards such as smartcards that are inserted into readers and that are used to establish a connection with a network. Visa has announced that it has started issuing in the USA, such cards that are referred to in the industry as EMV Cards.
SmartMetric has argued in its motions before the Federal Court that Visa and MasterCard should be found guilty of infringing the SmartMetric Patent. The company, SmartMetric, Inc. is in the discovery phase of the Court proceedings and is waiting for the card companies to produce papers that so far they have sought to withhold from disclosure to the Company and its CEO, C. Hendrick. In what appears very strange indeed both Visa and MasterCard have claimed allowing SmartMetric and especially its CEO access to all of its information under discovery would be harmful to their interests. SmartMetric has objected to this withholding of information and only allowing the so called confidential information to be seen by SmartMetric's Patent litigation lawyers. The first motion by Visa and MasterCard to exclude information under discovery was thrown out by the Court in a ruling by the Judge on December 3rd 2012. The card companies have refiled almost an identical motion that was rejected last December and SmartMetric has filed its objections to this new motion. We are now awaiting another ruling of the Court regarding this matter.
About SmartMetric, Inc.
SmartMetric, Inc. has developed a portable biometric identity and transaction card capable of storing a wide variety of personal information while protecting you against identity theft and fraud. It is one of the most advanced portable identity authentication solutions in the world today. The card contains a biometric fingerprint scanner and reader which only you can unlock and is smaller and thinner than a credit card. The SmartMetric card is ideal for a wide range of consumers, including Personal, Government and Corporate.
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.