SmartMetric Patent Infringement Hearing of Its Case Against Visa Inc & MasterCard International Has Been Scheduled for Hearin...
27 6월 2014 - 10:05PM
Marketwired
SmartMetric Patent Infringement Hearing of Its Case Against Visa
Inc and MasterCard International Has Been Scheduled for Hearing in
the Federal Circuit Court on August 8th, 2014
NEW YORK, NY--(Marketwired - Jun 27, 2014) - SmartMetric, Inc.
(OTCQB: SMME) -- SmartMetric has received notice from the
Federal Circuit Court that its motion for a ruling of infringement
of its issued patent by Visa Inc. and MasterCard International will
be heard in Washington DC on August 8th, 2014 said the President
& CEO of SmartMetric, Chaya Hendrick.
SmartMetric in its pleadings before the court is also seeking a
ruling in respect of damages and a prepaid royalty based on
25% of the economic savings that flow from the use of the
SmartMetric patented technology by the payments cards
companies. In earlier court filings the sum calculated and
claimed by SmartMetric is $13.4 Billion.
At the center of the patent infringement litigation is the new
chip cards now being introduced into the United
States. According to the EMV Forum around 100 million EMV
chip cards will be in use in the U.S.A. by the end of 2014 while
the Aite Group has reported according to its research that by the
end of 2015, 70% of all payments cards will be EMV chip cards in
the United States.
SmartMetric is a publicly traded technology company that has
added a fingerprint scanner built inside EMV payment credit and
debit chip cards thereby creating a second layer biometric
authentication protection in defending against card fraud. The
company is now actively marketing its technology to card issuing
financial institutions around the World.
About SmartMetric, Inc. SmartMetric, Inc. is a technology
company that designs and engineers its own advanced products
utilizing the company's expertise in miniaturizing electronics. The
company has developed a miniature fingerprint self powered
fingerprint scanner and reader that fits inside credit and identity
cards that are at the center of SmartMetric Inc.'s advanced
biometric products. For more information please visit
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.
CONTACT INFORMATION: Investor Relations EraStar, Inc. (702)
480-9800 Company SmartMetric, Inc. Chaya Hendrick Office:
702-990-3687 Direct: 786.269.2238 Email: ceo@smartmetric.com
SmartMetric (PK) (USOTC:SMME)
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