SmartMetric to Benefit From the Global Adoption of Smart Cards by Banks
14 3월 2011 - 11:00PM
Marketwired
SmartMetric Inc. (OTCBB: SMME) CEO & President C. Hendrick,
speaking from Buenos Aires where the United States based company is
readying its mass production and global distribution center for its
Biometric activated Smart Cards, said the markets for its product
line including biometric cards for the banking industry is in the
multi hundreds of millions of cards globally.
From driver's licenses, identity cards, health insurance cards
to Bank and Credit Cards, SmartMetric projects the market size for
its cards to be in excess of 800 million
cards globally.
The European Payments Council (EPC) recently announced it's
considering a ban on magnetic stripe cards within the next couple
of years. This will force the last remaining standout amongst large
consumer markets, the United States, to adopt Smart Cards and
replace the insecure old mag-stripe cards. The EPC, established in
2002, is the governing body responsible for achieving a single
payments market throughout Europe. SmartMetric, Inc. President and
CEO C. Hendrick said it is now just a matter of time before United
States Banks are forced, by market realities to adopt, like the
rest of the world, Smart Card based Debit and Credit Cards. Even
without Smart Card adoption in the United States the existing
global market for Smart Cards is so large that with modest market
adoption of the SmartMetric, Inc. Biometric Card it would generate
more than $US500 million in Global Revenues
for the company within short order, said the company President
& CEO, C. Hendrick.
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
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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Company Contact: President & CEO C. Hendrick
SmartMetric, Inc. +1 (305) 607-3910 Investor Contact:
Constellation Asset Advisors, Inc. +1 (415) 524-8500
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