SmartMetric Introduces NFC Biometrics
April 22 2013 - 11:31AM
Marketwired
SmartMetric, Inc. (OTCQB: SMME) -- The President and CEO of
SmartMetric, Inc., Ms. Chaya Hendrick, said this morning that
"SmartMetric wishes to inform shareholders and the general public
that the company has successfully incorporated NFC (Near Field
Communication) into its fingerprint activated Biometric Chip card
for use by financial institutions around the World. This will
enable institutions to offer a safer NFC solution than that which
is currently available since the NFC Biometric Card will only be
turned on allowing NFC communication to be inactive until the user
touches the cards fingerprint sensor. All other NFC technologies
are inherently unsafe in that the device is always on providing
hackers the ability to capture the NFC information even while the
NFC product is not being used. Smartphones are a good example of
'unsafe' NFC systems," she said. Because a smartphone is always
network connected, even when the phone is off, it is open to
"hacker attack." Even if a smartphone company added a fingerprint
sensor to its phone it would not overcome the built in weakness of
the phone being always network connected and thereby being
susceptible to hacker attack. Chaya Hendrick went on to say that
the most safe platform and system for protection against "hacker
attack" is a device that is only turned on at the very point of the
consumer actually initiating a transaction. Any other system is
highly vulnerable and unsafe.
By way of clarification Ms. Chaya Hendrick said that some
misinformation and incorrect statements have been published by
others concerning SmartMetric. In order to clarify she said the
following.
1. SmartMetric's litigation against Visa and MasterCard started
over 3 years ago and will conclude in a trial by jury this August
2013 as scheduled by the Court.
2. SmartMetric's patent infringement case against Visa and
MasterCard is in respect of contact chip
cards called also smart cards. The industry standard reference name
is EMV cards. SmartMetric contends that the use of EMV or chip
cards in the United States is in direct violation of its issued
patent. EMV Cards have commenced role out in the United States with
the objective of the card companies to replace all USA credit cards
and ATM cards with EMV chip cards to conform to most of the rest of
the world.
3. The uniqueness of the SmartMetric Biometric Card is in its
size. The company has spent years of R&D to reduce the size of
the components of a fingerprint biometric reader to fit "inside" a
card the size of a credit card. Having a card the thickness and XY
dimensions of a credit or ATM card makes it the only fingerprint
activated card that can be used across the Banking sector for use
with ATM and Point Of Sale machines. This is light years ahead of
other card products that are much thicker because they have not
been able to reduce the electronics to the size that SmartMetric
has. This makes the SmartMetric Biometric Card unique and the
world's first and only of its kind.
4. The size of the market for Banking Cards that conform to ISO
standard size for credit cards with a chip and built in fingerprint
reader is NOT 1.5 million as has been wrongly reported but IS more
than 1.5 Billion. There are more than 1.5
Billion Chip and Pin Banking Cards used around the World. The
SmartMetric biometric Chip & Pin card replaces the vulnerable
PIN with a person's fingerprint to activate the card and thereby
allowing a biometric identified and verified transaction to take
place.
For further information on SmartMetric and its technology please
go to its website, www.smartmetric.com
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.
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Contact: Investor Relations: Jens Dalsgaard
ConstellationAA.com 415.524.8500 SmartMetric, Inc. Ms. Chaya C.
Hendrick President & CEO 786.269.2238 www.smartmetric.com
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