SmartMetric Reviewing Legal Options to Enforce Patent Infringement
18 3월 2009 - 5:45AM
Marketwired
SmartMetric, Inc. (OTCBB: SMME) announced today it is reviewing its
legal options in enforcing patent infringement action for a patent
it holds the exclusive license for from SmartMetric's founder and
inventor Mr. Colin Hendrick. The claims in the issued patent in
question deal with using any kind of micro chip based card or
device to log on to any kind of internet or intranet network.
Mr. Hendrick, speaking from SmartMetric's R&D facility in
Bay Harbor, FL, said today that he and the company are holding
discussions with two groups of lawyers in California regarding
taking enforcement action to uphold all the rights granted in the
United States issued Patent. He said he finds it mystifying how
companies can blatantly infringe a legal patent without any concern
for the rights of its owners.
According to the company, some of the infringers of the Patent
in question are very large corporations who have been selling
devices and services that have generated multi millions of dollars
in revenues globally. These companies have in effect robbed the
economic interests of the patents inventor and its license holder
and both parties are now taking steps to enforce all rights under
United States and International Law.
One of a number of apparent and obvious infringers has built a
global business on offering a device that stores log on information
on a chip based device that is used around the world in
corporations for secure computer and network access. Given a
successful enforcement action, this company will owe SmartMetric
and its inventor many millions of dollars. And like BlackBerry
found, the patent infringers may very well see their core
businesses halted by the courts unless the Inventor and SmartMetric
agree to license its rights to such third parties.
SmartMetric is the manufacturer of the world's only "inside a
credit card" fingerprint scanner that enables biometric activation
of credit cards and employee ID and access control cards. Mr. Colin
Hendrick is the inventor and holder of a number of important
patents dealing with the processes of using chip based devices in
security and transaction situations.
Certain of the above statements contained in this press release
are forward-looking statements that involve a number of risks and
uncertainties. 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. Readers are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those indicated in the forward-looking statements as a result of
various factors.
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For more information, please contact: Mr. Colin Hendrick
President & CEO Office: 786.623.5690 Direct: 305.607.3910 Email
Contact
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