SmartMetric Inc (SMME)

[Duke]

In our talks with Bank card issuers we have learned of two competitors who have seen the market that SmartMetric has created for biometric credit cards. Unfortunately for these competitors in their rush to come out with a card, they have released a product that does not have a rechargeable battery inside to power their cards. Unlike the SmartMetric biometric card that is powered by an internal miniature “rechargeable” battery.

The other cards require the card user to hold the sensor while the card is in the card reader in order for the card to draw power from the reader and consequently providing power to the cards internal processor. This of course does not allow this card to be used in such places as restaurants that take the card from the table for processing or most ATM’s. Banks recognize that this is inferior to the SmartMetric self-powered biometric card that allows the user to use their card at all card readers, ATM’s and in all situations the card user my wish to use their card.