SmartMetric's Patent Infringement Lawsuit Against Visa and Mastercard Set by the Court for a Hearing by Jury in September 2013
09 1월 2013 - 11:45PM
Marketwired
SmartMetric, Inc. (OTCQB: SMME) -- Speaking today, The President
and CEO of SmartMetric, Inc., Ms. Chaya C. Hendrick, said,
"SmartMetric, Inc. is looking forward to its trial by jury against
Visa and MasterCard for what SmartMetric alleges as serious
infringement of its '464' Patent."
The "464" Patent, issued by the United States Patent Office and
owned in full by SmartMetric, Inc., deals with data cards such as
smartcards that are inserted into readers and that are used to
establish a connection with a network. Visa has announced that it
has started issuing in the USA, such cards that are referred to in
the industry as EMV Cards.
SmartMetric has argued in its motions before the Federal Court
that Visa and MasterCard should be found guilty of infringing the
SmartMetric Patent. The company, SmartMetric, Inc. is in the
discovery phase of the Court proceedings and is waiting for the
card companies to produce papers that so far they have sought to
withhold from disclosure to the Company and its CEO, C. Hendrick.
In what appears very strange indeed both Visa and MasterCard have
claimed allowing SmartMetric and especially its CEO access to all
of its information under discovery would be harmful to their
interests. SmartMetric has objected to this withholding of
information and only allowing the so called confidential
information to be seen by SmartMetric's Patent litigation lawyers.
The first motion by Visa and MasterCard to exclude information
under discovery was thrown out by the Court in a ruling by the
Judge on December 3rd 2012. The card companies have refiled almost
an identical motion that was rejected last December and SmartMetric
has filed its objections to this new motion. We are now awaiting
another ruling of the Court regarding this matter.
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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Contact: Investor Relations: Jens Dalsgaard
ConstellationAA.com 415.524.8500 SmartMetric, Inc. Ms. Chaya
C. Hendrick President & CEO 786.269.2238
SmartMetric (PK) (USOTC:SMME)
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