NEW YORK, NY -- (Marketwired) -- 08/11/14 -- SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric is moving forward with its release of its fingerprint activated EMV payments cards using a major credit card manufacturer who has the capacity to produce 250,000 cards per week under contract for the company. The contract manufacturer selected by SmartMetric is also able to ramp up its production capacity to provide for a 1 million cards per week production capacity. This will be required to meet SmartMetric's target of 50 million fingerprint cards over the next 12 to 18 months.
On Friday the 8th of August a hearing in the Federal Circuit Court took place between SmartMetric as plaintiff and Visa and MasterCard as defendants in respect of a patent infringement claim against the card payments companies and a patent owned by SmartMetric. SmartMetric is pleased with the presentation of its case before the Court and is awaiting a ruling by the Court which could be anywhere from 2 weeks or two months.
About SmartMetric, Inc.
SmartMetric, Inc. is a technology company that designs and engineers its own advanced products utilizing the company's expertise in miniaturizing electronics. The company has developed a miniature fingerprint self powered fingerprint scanner and reader that fits inside credit and identity cards that are at the center of SmartMetric Inc.'s advanced biometric products. For more information please visit www.smartmetric.com.
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