SmartMetric Inc (SMME)

[Duke]

In response to recent announcement of a competitors card.

https://globenewswire.com/news-release/2018/01/16/1290052/0/en/SmartMetric-Sees-2018-as-the-Year-of-the-Biometric-Credit-Card.html

Chaya Hendrick added, unlike the credit card announced the other day, our card has a built in rechargeable battery that allows the card to scan and match the card holders fingerprint instantly “prior” the cards insertion into a card reader. We decided a long time ago that the card had to operate prior to insertion into a reader so as to work with not only all Point Of Sale retail card readers but importantly, ATM’s as well. A card without a stand alone power source that operates before the card is inserted into a reader will of course not work in ATM’s since the vast majority of ATM’s swallow cards inside the machine and thereby does not allow the card to draw power from the machine to perform a fingerprint scan. From our dealings with Banks around the World we know of no serious large card issuer that is willing to issue a card that does not work in all card readers including ATM’s.”