SmartMetric Inc (SMME)

[StockMedic1]

Card_Lab is company that has BEEN in the card business for a number of years. I don't know them, but I know some of the engineering team members working on the biometrics from a past life. (A while ago). Good engineers. They already have millions of basic and mid-level security cards in the global markets and are a real company. They also seem to be well funded from several mid-tier funds financially supporting them, and have enough money for longevity and development.

Other than that, these biometric cards are still a mystery to me - more on the side of power management than anything else. Thats always been an impediment t having a biometrical secured card. Card issuers ave operational standards, and that means that card MUST WORK every single time a user puts it into the machine. This is why all of the technology used so far has been passive. Biometrics, in order to do it correctly, means the card has to be active (to process matching on the card) and that means power. IMHO, unless a card is always charged, and does not have the ability to fail because its not sufficiently charged, it will never get to market, as novel as it may be. As good as the biometric security sounds. That may be one reason why cards like these haven't been adopted yet. You don't think MC, VISA or AMEX have the engineering resources or relationships to do it themselves? Of course they do. Next question is, why not.