NEW YORK, Nov. 08, 2017 — SmartMetric, Inc. (OTCQB:SMME) – SmartMetric, the developer of the biometric fingerprint activated credit card, welcomes the growth of the “EMV” chip card adoption in the United States. According to figures released by EMVco, a card industry standards body, more than 675 million chip cards have been issued in the United States as of the last quarter of 2016.
The SmartMetric biometric fingerprint technology is used inside credit cards with the EMV* chip that are commonly referred to as “chip cards”. With a super miniature fingerprint scanner embedded inside the credit card, a person’s fingerprint is used to turn on their credit card as they reach across to insert their card into a standard ATM or Retail Card Reader called in the industry a Point Of Sale reader. Because the SmartMetric Biometric Card is designed to operate on existing credit card readers and ATM’s, no added equipment or systems changes are required within the credit card payment system for a Bank to commence biometric card issuance to its customers.Layering biometrics into existing chip based credit cards is a giant leap forward in credit card security for both card issuing banks and of course the consumer, who are both impacted by the ever-increasing incidence of credit card and identity fraud, said SmartMetric’s President and CEO Chaya Hendrick, today.SmartMetric presented its latest biometric card, that is as thin as a standard credit card, at the recent Money 20/20 conference in Las Vegas. The company has developed both a biometric fingerprint activated card as well as a multi-function physical, logical access and identity biometric activated card.“We are seeing a lot of interest from both the security sector as well as the banking sector. We have now turned a corner particularly in the Banking industry where it is being acknowledged that the SmartMetric biometric card technology pioneered by SmartMetric is the next logical step in providing stronger payments card security,” said Chaya Hendrick.SmartMetric has the capacity to build 1 million cards a month with the ability to scale this up quickly.To view the SmartMetric Biometric Card please follow this link – Video of the SmartMetric Biometric CardTo view the company website: www.smartmetric.com*EMV is a registered trade mark of EMVco. Source: https://www.emvco.com/about/deployment-statistics/Disclaimer: EMVco is not associated with SmartMetric,Inc.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.Important Additional InformationInvestors 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.Contact Information
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