SmartMetric is Now Manufacturing Its Biometric Credit Card with the Advantis Chip and Operating System

SmartMetric, Inc. (OTCQB: SMME) entered into a manufacturing agreement with ServiRed to incorporate the Advantis EMV Chip and Chip Card Operating System into the SmartMetric biometric fingerprint activated credit cards. Following the signing of the agreement with ServiRed, Redsys with the Advantis chip and operating system technology and business unit was acquired from ServiRed through company succession.

ServiRed and Redsys with its now Advantis business unit, while being separate legal business entities, have many of the same shareholders. Some of the largest Global Banks are shareholders of Redsys and use the Advantis Chip and Operating system on their credit and debit cards. The original license agreement between SmartMetric and ServiRed for SmartMetric to make a joint biometric credit card using the Advantis Chip and Operating System has been assigned to Redsys who is now the legal entity that owns the Advantis business unit.

Advantis Chip and operating system is now on more than 1.3 Billion cards throughout the World.

The SmartMetric new biometric secured credit card with the Advantis Chip and Credit Card Operating System is now under production. It is anticipated that the new card will be completed within the next few weeks.

"The new biometric credit card will be made available to existing Banks around the World who already are using the Advantis Chip and Operating System, while it will also be offered to new Banks who would like to introduce the next big thing in the credit card industry, the biometric secured credit card,” said SmartMetric’s President & CEO, Chaya Hendrick today.

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