Biometric Fingerprint Activated Credit and Debit Cards Using Breakthrough Super Thin Electronics Developed by SmartMetric

SmartMetric, Inc. (OTCQB: SMME) in creating arguably the world’s most advanced biometric fingerprint validated and activated credit/debit cards, has developed super thin electronic components along with extremely thin circuit board technology, in order to turn the credit/debit card into an advanced powerful electronic device with built-in biometrics, powerful processing and gigabytes of memory.

In order to build a fully functional fingerprint reader that fits inside a standard thickness credit/debit card, SmartMetric has had to design and develop extremely thin electronics mounted on cutting edge super thin multi-layer circuit board not much thicker than a sheet of paper.

"Both the extreme thinness of our components along with the extreme thinness of our circuit board has led SmartMetric to become a leader in cutting edge super thin electronics design and manufacture,” said today SmartMetric’s President and CEO, Chaya Hendrick.

The SmartMetric fingerprint biometric scanner sits inside the credit/debit card and is powered by a Cortex processor mounted on the internal circuit board. The card’s internal electronics also have a sophisticated power management system that allows for a rapid charge of the card’s internal battery every time the card is inserted into a card reader or ATM.

SmartMetric has designed its card to operated the fingerprint scan, validation and activation totally independently of card readers. This allows the SmartMetric card to be used in all types of both contact and contactless card readers including ATMs. Since the card’s fingerprint scanner is a self-contained electronic device built inside the card itself, the card user’s fingerprint is stored inside the card. This adds protection to the card user’s fingerprint biometrics.

"What we have done is in fact turned the ubiquitous credit/debit card into an advanced electronic device that is now capable of doing far more than the standard piece of plastic. With the card now having its own powerful internal computing power it is now possible to think of the credit/debit card as the next generation connected device,” said Chaya Hendrick.

SmartMetric is now actively working with RedSys ADVANTIS in introducing the SmartMetric advanced biometric credit/debit card to the more than five hundred banking organizations around the world who are using the ADVANTIS card chip and operating system in their credit/debit cards. ADVANTIS chips with the ADVANTIS payments operating system is now on more than 1.4 billion issued credit/debit cards globally.

The SmartMetric biometric card solution for Banks provides a huge leap forward in credit card security moving security away from PINs and signatures to the vastly stronger biometric validation technology inside the card.

To view the SmartMetric Biometric Card please follow this link - Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also 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. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Investors and security holders are urged to carefully review and consider each of SmartMetric Inc. public filings with the SEC, including but not limited to, if applicable, Annual Reports on Form 10-K, proxy statements, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190722005660/en/