SmartMetric Inc (SMME)

[optimisticbutpatient]

I work with electronic access.

What you are proposing would cost significantly more than utilising the SMME card.

We will assume that you are dealing with a building that is moderately secure to highly secure and with 1,000 access points. Each of these access points already has a card reader in place as well as the Maglock to secure the Point. Yes, the card works to an industry standard where holding the card in proximity to the lock activates the RFID loop in the card to trigger the lock, but the loop only works once you have activated the fingerprint sensor in the card.

To change the card reader to a fingerprint scanner would cost about $900.00 a point for the hardware as well as the labour costs.

The cost of the SMME card is limited to its initial cost, and for the sake of the exercise we will put that at $50.00. This is the total outlay to upgrade the system to SMME fingerprint verification as the card will work with existing RF card readers. But now we can get into value adding.

Alongside opening the door to get you into your office you now want to sign on to your PC which is secured to a higher standard than your home PC. You have previously had to have a dongle to allow you to have access for an additional layer of security (it defeats those people who leave passwords laying around or have had someone find it some other way).

Finally no company installs finger print readers on car-park or external doors as they are too easy to vandalise and difficult to access from a vehicle or while wearing gloves. For this you still need an old fashioned pass which you also wear inside the building to show that you really belong there.

Now here is the value adding..... Instead of the pass to get you in and show that you are in fact a pass-holder, as well as the dongle to get you onto your secure PC you can use the SMME card for both. As the card is able to be made to suit various frequencies it can be sold to suit the readers in your building. All this for the one of cost of $50.00(?) without the need or expense of fitting fingerprint readers to the existing points. And while I have only put down an estimate of $50.00 for the SMME card (that figure is more than your current access card in common usage) I believe that the SMME card alone will be cost neutral compared to the cost of a traditional access card plus a dongle, without the need to upgrade infrastructure at a significant cost by installing fingerprint scanners to each access point.

The above is in reference to a secure building (Government or Corporate) but the points apply to other areas as well. From the obvious such as access to banks electronic cash transfer or cash storage can be strictly controlled; to the more mundane such as limiting access to 24 hour gyms to the person who has actually paid for the membership rather than whoever he gives the access fob to.

The other upside to the SMME card is that your fingerprint is stored solely on the card and not on the network which removes any possibility of hacking and the theft of your fingerprint details.

OBP.