NEW YORK–(BUSINESS WIRE)–
SmartMetric, Inc. (SMME) presented its fingerprint activated biometric credit/debit card at a major banking conference in Madrid, Spain on June 19th. The conference was attended by the leading banks of Europe including some of Europe’s largest Global Banks.
A significant level of interest was shown by conference attendees who heard how the SmartMetric/ADVANTIS biometric credit and debit card product can significantly benefit credit card issuers and their customers.
SmartMetric has added the ADVANTIS payments EMV chip onto its biometric credit/debit card giving the more than 500 card issuing banks around the world the ability to deploy seamlessly a biometric fingerprint secured and activated credit/debit card. The SmartMetric biometric card with the ADVANTIS payments chip and payments operating system embedded in the card allows existing banks to issue a biometric card product without having to change existing card reader, ATM and backend banking credit/debit card systems.
Over five hundred credit/debit card issuing bank organizations around the world currently use the ADVANTIS chip and operating system on their chip-based credit and debit cards. More than 1.4 Billion payments cards have been issued with the ADVANTIS card payments chip for credit and debit card transactions.
“We are excited about our adoption of the ADVANTIS chip and operating system into our advanced biometric secured credit and debit card which is allowing our biometric card solution to be issued by some of the World’s largest banking groups throughout the world,” said today SmartMetric’s President and CEO, Chaya Hendrick.
ADVANTIS is operating in 3 Continents and 40 Countries. SmartMetric is headquartered in the United Sates with engineering and manufacturing in Tel Aviv, Israel and East Asia. All product design and development is done by SmartMetric’s engineering team and is owned by SmartMetric.
SmartMetric has created a fingerprint scanner that fits inside a credit and debit card and is used to provide biometric protection for these cards. The card user simply touches a square sensor on the card’s surface and in less than 0.25 seconds the card’s internal fingerprint scanner reads the card user’s fingerprint and if the fingerprint matches the card is immediately turned on.
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.