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Friday, 10/27/2023 9:04:42 AM

Friday, October 27, 2023 9:04:42 AM

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"Our main engineering team is based in Tel Aviv, Israel, and we chose not to have our operating system and key functional software for our card transferred to the electronics assembler in China but rather retain control and security over our software by having it kept in the hands of our Israel-based engineering team. The current situation in Israel has been very difficult for our engineers who some have been called up while others having to deal with family members who have been called up and sent away from their homes. This has caused a disruption to our final process of installing our system software into our product. Nonetheless under extreme circumstances we are moving forward and expect to have our most advanced biometric credit card completed for presentation to the credit card issuing industry in short order," said the President and CEO of SmartMetric.

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