SmartMetric Opens Office in Buenos Aires to Facilitate Global Mass Production Manufacturing Plant
24 1월 2011 - 11:45PM
Marketwired
SmartMetric, Inc. (OTCBB: SMME) announced today that it has opened
offices in Buenos Aires, Argentina.
C. Hendrick, SmartMetric President & CEO, said today that
the opening of offices in Buenos Aires is the first step in
establishing the company's Global Manufacturing and Distribution
Center for its advanced in-card biometric fingerprint scanning
Smart Cards.
Manufacturing the cards in Argentina will provide SmartMetric,
Inc. with the capacity to cost effectively enter Latin American
emerging markets with its advanced fingerprint-activated Smart
Card, so said the company's President & CEO, C. Hendrick,
today. It was further stated that the fast developing countries
such as Brazil are far more advanced than the United States in
adopting advanced technology to safeguard credit and banking card
users from fraud. Brazilian banks for instance have issued over 100
million smart cards to their banking customers.
The entrance of SmartMetric into markets such as Brazil will be
enhanced by the trade treaty arrangements that Argentina enjoys
with most of Latin America and major markets within Europe. For
example, SmartMetric will be able to ship to Brazil from Argentina
without any import taxation; if it shipped its product from the
United States to Brazil, it would be charged by the Brazilian
Government a 100% import tax according to the company's President,
C. Hendrick.
Argentina has a low cost workforce that is highly skilled and
well educated. Although it is at the other end of the world, and
some would say it would be counter intuitive to use Argentina as a
high tech manufacturing base, SmartMetric will be able to enjoy low
cost manufacturing in a safe environment and with access to highly
skilled and educated workers, while also enjoying world class, low
cost of exportation into some of the largest markets for its
technology around the World.
SmartMetric, Inc.'s President said that the opening of offices
in Buenos Aires is an exciting step in bringing online the
company's mass production manufacturing plant that is being
designed to produce a minimum of 4 million of its fingerprint
Biometric Cards a week.
About SmartMetric, Inc.
SmartMetric, Inc. has developed a portable biometric identity
and transaction card capable of storing a wide variety of personal
information while protecting you against identity theft and fraud.
It is one of the most advanced portable identity authentication
solutions in the world today. The card contains a biometric
fingerprint scanner and reader which only you can unlock and is
smaller and thinner than a credit card. The SmartMetric card is
ideal for a wide range of consumers, including Personal, Government
and Corporate.
For more information please visit us at www.smartmetric.com or
contact the company President at, email: ceo@smartmetric.com
Safe Harbor Statement: 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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Investor Contact: Redwood Consultants, LLC 415.524.8500
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