SmartMetric Enters The Estimated $14.82 Billion Security Card Market With A World First Credit Card Thin Biometric Multi-Function Cyber Access & ID Card
Tuesday, 10 April 2018 NEW YORK, April 10, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) – SmartMetric has created an advanced biometric card that combines cyber security for network log on along with building and doorway access and security desk identification in a credit card sized, including thickness, card. This multifunction cyber, access and identity card is a revolutionary new product for the security world built on the in-the-card biometric validation and card activation technology developed by SmartMetric.The SmartMetric biometric multi-function security card uses a FIPS approved contact smart card chip along with MiFare secure RFID transmission in the single biometric card by SmartMetric. Both the smartcard FIPS contact chip and the MiFare RFID are turned on following a match of the card user's fingerprint by the card's internal fingerprint scanner.
“Touch the surface and your card knows it is you and then is able to be used to access secure networks as well as giving you access to your secure office floor," said today SmartMetric’s President & CEO, Chaya Hendrick.
“This fills a glaring security gap in the security card market. At the moment Government and Business issued computer access or doorway entry cards, if lost or stolen can be used by anyone. Now only the person whose fingerprint is stored inside the card is able to use the card. This is a giant leap forward in both physical and cyber security. It also is far more convenient for the card user to have both doorway and network access combined into one card with the shape and thickness of a credit card. No more very thick single function security cards that anyone else can use if lost or stolen," said Chaya Hendrick.
Cybersecurity and identity validation for network access control, physical building entry and secure on-the-spot identity security is now handled by the revolutionary biometric activated cyber and ID multi-function security card which has been developed by SmartMetric after over a decade of R&D.
From Governments to the workplace, everyone is wanting better, stronger security across the enterprise. Our new biometric multifunction security card provides a revolutionary biometric based solution that is portable, easily integrated and backward compatible to existing backend security infrastructure.
The new multifunction biometric security card by SmartMetric is a revolutionary leap forward in the Cyber and Access Security world according to SmartMetric.
Access management market is estimated to grow from USD 8.09 billion in 2016 to USD 14.82 billion by 2021, at a CAGR of 12.9% between 2016 and 2021 according to a recent research report by KBV Research.
The company also makes a biometric fingerprint activated credit card. This allows banks to issue a biometric card that satisfies the growing demand by card customers for a stronger more secure credit card. The SmartMetric biometric credit card works with chip cards. There are more than 6 billion chip cards now issued by banks around the world.
To view the SmartMetric Biometric Card please follow this link - Video of the SmartMetric Biometric Card To view the company website: www.smartmetric.com
* publication titled Identity & Access Management Market – Global Forecast by Marqual IT Solutions Pvt. Ltd (KBV Research) November 2016 KBV Research is a name owned by IT Solutions Pvt. Ltd.
*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.
Protec Secure Card, LLC
80 Corbett Way
Eatontown, NJ 07724, USA
Sales: Tracey Breckenridge
President & CEO
3960 Howard Hughes Parkway, Suite 500
Las Vegas, Nevada. 89169 USA
+1.702.990.3687 (West Coast Time)
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