NEW YORK--(BUSINESS WIRE)--SmartMetric, Inc. (OTCQB: SMME) has spent more than a decade of research and development in creating a biometric fingerprint activated credit card. In order to have a biometric card that scans and authorizes the user's fingerprint, matches the user's fingerprint with their prestored fingerprint and then following the biometric match turns the card on all in less than a quarter of a second, required SmartMetric to create a super thin electronics mother board with extremely thin components that fit inside the credit card.
Creating the motherboard with specially engineered components such as the ARM processor used to process the user's fingerprint has taken many years of R&D. Inside the SmartMetric biometric credit card is not only a powerful processor but an advanced power management system that allows the card's internal battery to be recharged every time the card is inserted inside a card reader or ATM.
The SmartMetric biometric credit card as of today, stands as the most advanced biometric credit card of its kind in the World. From its standalone fingerprint scanning prior to being inserted into a card reader to its long-life rechargeable battery, to the card's split second fingerprint scan, match and card activation each time the user goes to use the card.
“In creating a biometric fingerprint activated credit/debit card, SmartMetric has in effect turned the ubiquitous credit card into an intelligent miniature computing device that is now able to do far more than a simple credit card transaction,” said today SmartMetric’s President & CEO, Chaya Hendrick.
The SmartMetric biometric credit card with its powerful internal computer processing, has now opened up a whole new world of advanced applications beyond the card payments transaction, allowing the card to become a multifunctional device inside a person's wallet.
SmartMetric is a USA-based company with sales and marketing partnerships in Latin America, Europe and the United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.
To view the SmartMetric Biometric Card please follow this link - Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com.
Source data: https://www.featurespace.com/newsroom/
Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also 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. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Investors and security holders are urged to carefully review and consider each of SmartMetric Inc. public filings with the SEC, including but not limited to, if applicable, Annual Reports on Form 10-K, proxy statements, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.
