SMME SmartMetric Inc

SmartMetric Development of Its Fingerprint Anti-Spoofing Technology Is a Breakthrough in the Biometric Fingerprint Industry

SmartMetric, Inc. (OTCQB: SMME): After many years of research and development of its super thin fingerprint scanner that fits inside a credit card, SmartMetric has greatly enhanced its fingerprint scanning technology to provide rock solid anti-spoofing capability.

The biometric fingerprint recognition and scanning technology in the biometric industry to date, relies on software algorithms to attempt to differentiate between a live finger and a fake, say silicon replica of a finger. SmartMetric conducted exhaustive in-house engineering laboratory testing of these software based anti-spoofing processes with its team of engineers in Tel-Aviv, Israel and found that they did not adequately perform the task of recognizing between a fake finger and a live finger.

“We wanted to be assured that our fingerprint scanning technology would stand up to the most rigorous analysis of its anti-spoofing capability and finding the limitations in this area of software-based solutions, we set about to create a much sounder way of being able to distinguish between a live finger and a fake finger," said SmartMetric’s President & CEO, Chaya Hendrick.

The company spent a great deal of time in research and development in creating its new advanced anti-spoofing technology. As of now the company knows of no other biometric fingerprint specialist company that has anything close or resembling the effectiveness of the SmartMetric solution.

SmartMetric is now preparing new biometric cards with its advanced anti-spoofing technology and will be soon presenting these cards to a global payments network for its biometric card testing and approval. When the testing and approval is completed, the company will then be able to present its biometric card for use by the card networks associated banks and related card manufacturers.

There are over 10 billion1 chip-based credit and debit cards now in circulation worldwide. The SmartMetric biometric solution has fingerprint scanning technology embedded inside the card that is used to activate the cards surface contact chip as well as its radio frequency contactless chip to enable a transaction. No fingerprint match of a live person fingerprint and the card will not work.

SmartMetric is a USA based company with sales and marketing partnerships in Latin America, Europe and United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.

SmartMetric has issued patents and patents pending surrounding its biometric card technology.

To view the SmartMetric Biometric Card please follow this link - . To view the company website:

1 Data Source:

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.

EN
06/07/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on SmartMetric Inc

 PRESS RELEASE

SmartMetric Says Research Is Showing Estimated Market Size for Fingerp...

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 signi...

 PRESS RELEASE

SmartMetric Says Why Fingerprint Biometric-Activated Credit Cards Are ...

NEW YORK--(BUSINESS WIRE)-- SmartMetric, Inc. (OTC: SMME) In an era where digital transactions dominate, the security of credit cards has become a paramount concern. Traditional credit cards, while convenient, are increasingly vulnerable to fraud and theft. To address these concerns, a new generation of credit cards equipped with fingerprint biometric technology has emerged. These biometric-activated credit cards offer a significantly safer alternative to regular credit cards, leveraging advanced technology to enhance security and user experience. Here’s why they are considered safer: 1. Enh...

 PRESS RELEASE

SmartMetric Says up to 86% of Consumers Are Interested in Using Biomet...

NEW YORK--(BUSINESS WIRE)-- SmartMetric, Inc. (OTC: SMME), according to Visa, amongst the surveyed American consumers in 2017, 65.0% of the consumers were familiar with biometrics and almost 86.0% of the consumers were interested in making use of biometrics to verify identity and make payments. 1 Unfortunately for consumers, a few premature and ill thought-through rollouts of biometric credit cards in Europe have met with consumer resistance. It is not because consumers are not interested in enhanced credit card security using biometric technology built inside the card, but rather the cards ...

 PRESS RELEASE

SmartMetric Points to Consumer Research That Shows Up to 86% of Consum...

NEW YORK--(BUSINESS WIRE)-- SmartMetric, Inc. (OTC: SMME), addressing the 518 million issued credit card market in the United States, sees a massive market going forward for “biometrics-inside” credit cards based on published consumer research. The biometric payment cards market is growing because consumers use biometrics to unlock mobile phones, and desire to have a biometric sensor for easy payment processing. According to Visa, amongst the surveyed American consumers in 2017, 65.0% of the consumers were familiar with biometrics, and almost 86.0% of the consumers were interested in making ...

 PRESS RELEASE

SmartMetric Announces the Successful Manufacture of Its GEN4 Fingerpri...

NEW YORK--(BUSINESS WIRE)-- SmartMetric, Inc. (OTC: SMME), in addressing the projected $5.8 Billion estimated market for biometric cards, is pleased to announce the manufacture of its advanced GEN4 biometric fingerprint activated credit and debit card. Embedded inside the card is the SmartMetric miniature fully functional fingerprint scanner that scans the cardholder’s fingerprint in less than a half a second. The card user simply touches the sensor on the card’s surface that immediately senses whether the fingerprint is from a live person and performs an instantaneous scan of the fingerprin...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch