NEW YORK--(BUSINESS WIRE)--
SmartMetric, Inc. (OTC: SMME) The market for fingerprint biometric credit cards is experiencing rapid growth. Here are some key estimates:
Projected Market Size by 2030: It is expected to reach around $5.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 62.3% from 2022 to 20301.
Broader Biometric Card Market: The overall biometric card market, which includes various applications beyond payments, is projected to grow from $0.37 billion in 2024 to $18.4 billion by 2029, with a CAGR of 117.76% during this period2.
These figures highlight the significant potential and increasing adoption of biometric technology in the financial sector.
SmartMetric is one of the leading companies in the development of battery-powered biometric fingerprint credit cards. Here are some reasons why SmartMetric biometric cards are considered advanced:
Key Features of SmartMetric’s Biometric Cards
Internal Rechargeable Battery: SmartMetric’s cards come with an internal rechargeable battery, allowing the card to perform fingerprint scans independently of the card reader1. This feature ensures that the card can be used in various situations, including ATMs and gas pumps, where the card is fully inserted into the reader.
Advanced Security: The card includes a sophisticated fingerprint sensor and an ARM Cortex processor, providing high-speed and accurate fingerprint authentication2. This enhances security by ensuring that only the authorized user can activate the card.
User-Friendly Enrollment: Unlike some other biometric cards, SmartMetric’s cards allow users to enroll their fingerprints at home without needing to visit a bank branch. This is particularly convenient for users who receive their cards via mail.
Compatibility: The card is designed to work with both contact and contactless payment systems, making it versatile and compatible with a wide range of card readers.
Anti-Tampering Features: SmartMetric’s cards are equipped with advanced anti-tampering features that can deactivate the card or alert the issuer if tampering is detected.
SmartMetric’s battery-powered biometric fingerprint credit cards stand out due to their advanced technology, user-friendly features, and robust security measures. These attributes make them a strong contender in the market for biometric credit cards.
SmartMetric is protected by issued patents protecting its lead in the field of fingerprint sensor based biometric activated cards.
For more information on the SmartMetric biometric fingerprint secured credit card please go to the company website at .
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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.
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