SmartMetric Adopts A “Green” Rechargeable Battery For Its Biometric Self Powered Biometric Credit Cards

Rhea-AI Summary

SmartMetric has developed a unique biometric credit card featuring a rechargeable battery, which is environmentally safe and can be safely cut without leakage. This card is the first of its kind to offer fingerprint security usable in all transaction scenarios, including ATMs and restaurants. Its technology allows compatibility with existing credit card readers, enhancing the security of over 11 billion chip-based cards worldwide. SmartMetric holds issued patents and has pending patents for its biometric technology, reinforcing its position in the market.

Positive

• Introduction of a rechargeable biometric credit card with eco-friendly features.
• First of its kind technology supporting fingerprint activation in all transaction contexts.
• Compatibility with existing credit card readers enhances market potential.
• Strong patent protection for its biometric card technology.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- SmartMetric, Inc. (OTCQB: SMME): The SmartMetric biometric credit card that has an inbuilt rechargeable battery to power the cards fingerprint recognition processor is powered by a green, environmentally safe miniature internal battery.

“The battery we are using is what we call a non-volatile miniature battery that can even be cut with scissors without causing an issue or leakage, making it very environmentally safe for use in our biometric credit cards," said SmartMetric’s President and CEO, Chaya Hendrick.

“SmartMetric is the only known fingerprint biometric activated card in the credit card industry with a rechargeable battery that allows the card to be used in all card transaction situations. Such as ATMs and restaurants that process the card transaction away from the table," said SmartMetric’s Chaya Hendrick.

The rechargeable biometric card technology developed by SmartMetric is significant in that it allows credit card issuers to provide their customers with a biometric card solution that is usable and compatible with all existing credit card readers, something that non-self powered biometric cards are not able to do.

Embedding a powerful nanotechnology fingerprint scanner inside a standard credit and debit card, which is used to validate the card user before it can be used in a reader or ATM, takes security for the multi-trillion-dollar card industry to the next level.

The card holder simply touches a discrete sensor on the card's surface and in less than a second their fingerprint is scanned and matched with their pre-stored fingerprint in the card. Enhancing the security of the card user's biometrics, at no point does the user's fingerprint leave the secure memory inside the card.

The SmartMetric biometric card in ultra-small electronics technology has been developed in-house by SmartMetric with its team of high-level electronics engineers. SmartMetric is the only United States based company manufacturing advanced biometric cards.

There are now over 11 billion¹ chip-based cards issued worldwide for which the SmartMetric biometric inside the chip card is able to bring the next level of biometric security.

SmartMetric technology is protected by issued patents and patents pending along with trade secrets surrounding its biometric card technology.

To view the SmartMetric Biometric Card please follow this link - Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

¹ Data Source: 10 Billion and Counting: What the Latest EMV^® Chip Data Means for Global Payments - EMVCo

EMV is a registered trademark of EMVCo

Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Investors and security holders are urged to carefully review and consider each of SmartMetric Inc. public filings with the SEC, including but not limited to, if applicable, Annual Reports on Form 10-K, proxy statements, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220309005759/en/

SmartMetric, Inc.

Chaya Hendrick

Tel: (702) 990-3687 or (305) 607-3910

ceo@smartmetric.com

www.smartmetric.com

Source: SmartMetric, Inc.

FAQ

What is SmartMetric's biometric credit card technology?

SmartMetric's biometric credit card technology includes a rechargeable battery and a fingerprint recognition processor that enhances card security.

When was the SmartMetric biometric credit card announced?

The announcement regarding SmartMetric's biometric credit card was made recently via a press release.

What advantages does SmartMetric's biometric credit card offer?

It allows for fingerprint activation in any transaction setting and is compatible with existing credit card readers.

How many chip-based cards are issued worldwide that SmartMetric can enhance?

SmartMetric's biometric technology targets an estimated 11 billion chip-based cards issued globally.

What environmental benefits does the SmartMetric card offer?

The card features a recyclable battery that is deemed safe even if cut, reducing environmental impact.