NEW YORK--(BUSINESS WIRE)--SmartMetric, Inc. (OTCQB: SMME) announces that its biometric credit and debit card has now a battery shelf life of over 9 years. The card's biometric fingerprint sensor and internal processor powers on automatically as soon as the card holder touches the card's fingerprint sensor on the card's surface.
“This means the card can stay unused by a user for a long time and when they go to use the card it will power up immediately; the user simply touches the card's sensor,” said today SmartMetric’s President and CEO, Chaya Hendrick.
SmartMetric has also made advances in its contactless NFC technology that is activated for contactless transactions following the users instant fingerprint scan and match when the touch the card's biometric sensor on the card's surface.
The card's internal biometric scanner is powered by a rechargeable very thin battery. This SmartMetric battery is recharged every time the card holder uses the card at either a regular contact card reader or ATM as well as contactless readers used to read contactless credit and debit cards.
SmartMetric turns the card user's biometrics into the key that unlocks the card. Using the power of biometric security technology SmartMetric brings the ultimate in card user authentication to the credit card.
The SmartMetric biometric credit card is planned for release early in 2020. The biometric card is incorporating the operating system and payments chip of a major global payments card chip supplier. The new biometric credit and debit card solution will be offered to the more than 500 Credit Card issuing Banks who are already using the chip supplier's chip in their credit and debit cards globally. This credit card solution provider has more than 1.4 billion issued credit and debit cards using their chip.
SmartMetric is a USA based company with sales and marketing partnerships in Latin America, Europe the United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.
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.