NEW YORK, NY--(Marketwired - Nov 6, 2013) - SmartMetric, Inc. (
The report states that "the global biometrics market is at $5.2 billion in 2012 anticipated to reach $16.7 billion by 2019. Market growth is a result of demand for protection of individual information and for the needs of organizations to control access to documents and to areas."
It also stated, "Worldwide markets are poised to achieve significant growth. As people use electronics in their personal life more, protection of individual information becomes a more compelling problem. Biometrics devices protect individual information. Biometric identity units provide security protection. Units are comprised of integrated biometric capture devices. Biometrics is used to identify anyone in an accurate, repeatable manner. "
SmartMetric has developed a fingerprint reader that sits inside a person's ATM/ Credit Card, ID or Access Control Card, Drivers License etc. It is self powered allowing it to perform a fingerprint match while a person is standing at a retail checkout, on the street at an ATM, at a security desk or any other point needing enhanced identity verification. A person simply swipes their finger across the SmartMetric sensor on the surface of the card and the card's internal computer processor performs a match with the person's fingerprint that is pre-stored in the memory of the card itself. For added security a person's fingerprint is allways stored and encrypted inside the card and IS NOT stored on a remote computer.
The Biometric activated card provides absolute user identity verification and is a paradigm shift away from traditional, outdated and ever increasingly vulnerable methods.
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.