Followers | 1328 |
Posts | 18692 |
Boards Moderated | 0 |
Alias Born | 07/09/2008 |
Monday, September 22, 2014 8:53:25 AM
Marketwire "Press Releases"
TEL AVIV, ISRAEL -- (Marketwired) -- 09/22/14 --
SmartMetric, Inc. (OTCQB: SMME) -- Speaking today from SmartMetric's electronic engineering center in Tel Aviv, Israel the company President & CEO Chaya Hendrick said the company has achieved a sub one second fingerprint scan with its miniature fingerprint scanner embedded inside an EMV chip credit/debit card. This has been achieved using a Cortex processor that has reduced power consumption and therefore gives the cards battery an extended power charge life while providing a measurable increase in computational and scanning speed. Practically this means a card user standing on the street wanting to use his/her card at an ATM or inside a store at the checkout can touch the cards surface fingerprint sensor and in the time it takes to insert into the card reader the cards EMV chip is activated following a successful fingerprint match that takes place inside the card. Of course if the card doesn't belong to the user it won't work. "In our opinion this is the most secure credit card technology yet developed and a giant leap in card security and will provide potentially millions if not billions in card fraud protection," said the company President Chaya Hendrick .
SmartMetric uses silicon components that are re-engineered by its engineers to make them thinner than what is standard from silicon manufacturers. The company has had years in research and development to achieve a fully functional computer circuit board that is less than half the thickness of a credit card. The miniature computer has its own power management system developed by SmartMetric that allows for recharging the cards internal battery when the card is inserted into a card reader. To have a fully functional computer that uses the same processor used in today's smartphones and tablets with a thickness half the size of a credit card is an accomplishment that could be used to make future consumer electronic devices substantialy thinner than today's clumsily thick devices. Our know how and expertise used to develop our biometric card has the ability to revolutionise many consumer electronic devices said Chaya Hendrick at the company's offices in Israel .
Last week the company gave a presentation of its technology in New York at the National Investment Bankers Association (NIBA) conference. This was a follow up from a presentation at an earlier conference after which the Chairman of NIBA and partner of Hanoverelite Mr. Jim Hock was appointed as a consultant to the company in order to represent SmartMetric to Investment Bankers on Wall Street . SmartMetric has also appointed a specialist technology investment banking firm, Oberon Securities that is now presenting SmartMetric to investing institutions and funds in New York . SmartMetric is doing an institutional round of funding to fund mass production of its electronic biometric cards that will then be manufactured in large scale with a major contract manufacturer in Asia .
For information on SmartMetric and its technology please go to www.smartmetric.com
About SmartMetric, Inc. SmartMetric Inc. is a technology development company that designs, engineers its advanced products utilizing the company's expertize in miniaturizing electronics. The company has developed miniature fingerprint self powered fingerprint scanners and readers that are at the center of SmartMetric Inc's key ring and credit and identity card products. 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.
Investor Relations Jens Dalsgaard EraStar, Inc. (702) 480.9800 Capital Markets & Media Relations Hanover Elite (407) 585.1080 SmartMetric, Inc. Chaya Hendrick Head Office: (702) 990.3687 Direct: (786) 269.2238 Email: ceo@smartmetric.com
Source: SmartMetric, Inc.
Recent SMME News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/21/2024 06:41:03 PM
- Credit Card to Prevent Fraudulent Activities • AllPennyStocks.com • 12/21/2023 08:00:00 PM
- Credit Card to Prevent Fraudelent Activities • AllPennyStocks.com • 12/21/2023 08:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 08:30:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/07/2023 11:00:48 AM
- Form 253G1 - • Edgar (US Regulatory) • 11/06/2023 04:10:16 PM
- Form QUALIF - Notice of Qualification [Regulation A] • Edgar (US Regulatory) • 11/06/2023 05:15:06 AM
- Form 1-A POS - • Edgar (US Regulatory) • 10/20/2023 07:26:28 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 10/19/2023 08:20:09 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 10/18/2023 09:26:13 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 10/16/2023 10:00:11 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/13/2023 08:58:03 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/27/2023 07:27:47 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 09/26/2023 11:39:30 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM