SmartMetric Inc (SMME)

[SecurityScientist]

No tax debt and facts about another sensor company.

Let's clear up some facts. First SmartMetric had an historical tax liability. The key word is historical since the company paid a few years ago this liability in full. And has no tax owing as someone is trying to suggest.

Second a sensor company who has been working on trying to make a flexible sensor has been mentioned. This company does not have a mass production ready flexible sensor now. In their own media release they say they are "going" to ship a rigid sensor this year and they then go on to say they will ship once they have their manufacturer up, their flexible sensor in 2017.

It sounds very misleading to be talking about their mystery flexible sensor while at the same time further down in their release they admit it isn't ready for release toll 2017.

So they supposedly are going to try to make their rigid sensor first. And then sell the "sensor" to hardware companies. Guess what. SmartMetric is a hardware manufacturer.

Too bad for them SmartMetric is already in the market with an ISO conforming complete product and not just a sensor that may be coming.

Here is part of their release.


"The initial order has a value of NOK 12 million and shipments are scheduled to start in Q3 2016. The first shipments will consist of rigid sensors. 

Volumes to our undisclosed customer are expected to increase to a total of 650 000 units in 2017. 

The on-going development with our customer is aiming to ship a mass-produced, fully flexible and ISO-compliant biometric smartcard that will meet all requirements in this segment during 2017."