SmartMetric Brings the Power of Biometric Security to the Credit Card With Its Nano Biometric Fingerprint Scanner Built Inside the Card

NEW YORK–(BUSINESS WIRE)–#ameritrade–SmartMetric, Inc. (OTCQB: SMME), after decades of research and development, the company has successfully achieved amazing electronic miniaturization to have a fully functional, self-powered fingerprint reader inside a credit card.

To fit a fingerprint scanner inside a credit card, SmartMetric has had to reduce the thickness of components including the circuit board to less than a third of the height of a credit card. This includes a sophisticated power management system that allows the card to scan a user’s fingerprint while they are for instance standing in front of an ATM prior to the card being inserted into the machine. Included on the SmartMetric fingerprint scanner motherboard is an ARM Cortex processor that provides independent powerful computer processing along with additional security of the user’s fingerprint biometrics.

The scan and match of the card holder’s fingerprint takes less than a quarter of a second so in the time that it takes to reach across and insert the card into a card reader, the card has read the card user’s fingerprint, matched their fingerprint with their fingerprint that is pre-stored inside the card and then after a match turns on the card so it can be read by the card reader. All this takes place in what amounts to as a blink of an eye.

In order to shrink the electronics of a fingerprint scanner that sits inside the credit card the SmartMetric engineers have had to push the edge of electronic component thickness along with making a paper-thin multi-layer printed circuit board for mounting the electronics on. This has also led the SmartMetric engineering team to make breakthroughs in electronic assembly processes in order to mass produce on a large scale. Current production capacity for the SmartMetric fingerprint scanner is 1 million electronic mother boards a month. Given the projected demand for a biometric secured credit and debit card amongst banks we are planning for a substantial increase in this capacity to at least 5 million cards a month.

SmartMetric holds issued patents on its technology. Years of research and development have now culminated in a world class leading product in the biometric IOT space.

“What SmartMetric has achieved in the electronics field has in fact turned the humble and ubiquitous credit card into a powerful electronic device,” said today SmartMetric’s President and CEO, Chaya Hendrick.

“SmartMetric is currently working on expanding the card’s internal memory from Megabytes to Gigabytes allowing for exciting new multi-functional applications for the new intelligent credit card device that we have created,” said Chaya Hendrick.

Embedding the card holder’s fingerprint into their biometric credit card is as easy as storing your fingerprint on your mobile phone. When the card user receives their card from their Bank, they simply touch the square sensor on the card’s surface four times and thereafter the user’s fingerprint is permanently stored inside the card. From now on the card will only work in conjunction with the card holder touching the card’s little square sensor on the top of the card.

SmartMetric has incorporated the ADVANTIS payments chip and operating system into its Biometric Card. This allows ADVANTIS to now offer arguably the best and most advanced biometric credit and debit card solution to it’s more than 500 Banking organizations around the world.

According to industry data there are now more than 7 Billion chip-based credit and debit cards issued globally.

SmartMetric is a USA based company with sales and marketing partnerships in Latin America, Europe the United Stated. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company. SmartMetric has various patents pending and has five significant issued patents.

To view the SmartMetric Biometric Card please follow this link – Video of the SmartMetric Biometric Card To view the company website: www.smartmetric.com

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.

Contacts

SmartMetric, Inc.
Chaya Hendrick

President & CEO

3960 Howard Hughes Parkway, Suite 500

Las Vegas, Nevada. 89169 USA

Tel: +1.702.990.3687

ceo@smartmetric.com
www.smartmetric.com

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