NEW YORK, May 25, 2018 (GLOBE NEWSWIRE) — SmartMetric, Inc. (OTCQB:SMME), SmartMetric is pleased to announce that through its newly appointed security card distributor, Groupo Datco it has secured a sale for the SmartMetric multi-function biometric security and identity card. A large University has provided an order for the SmartMetric biometric card and it will be used to secure cyber and physical access on campus.
“We are delighted to see that our newly formed sales and marketing relationship with Groupo Datco is now delivering results. The exciting thing about this new strategic sale is the University has agreed to have its campus used as a demonstration installation allowing Datco to show others including businesses and Government the working biometric card said SmartMetric’s President & CEO, Chaya Hendrick”.
Following attendance at the Connect ID conference in Washington DC this month, SmartMetric is now moving forward with representation of its product for sale to US Federal Government Departments such as the Department of Defense and Homeland Security. A great deal of interest is now being shown in the SmartMetric security multifunction cyber, access control and identity all in one biometric card product.
SmartMetric is the maker of biometric activated and protected multifunction cyber access, building access and identity security card, entered into a sales and marketing agreement with one of the largest companies in the security infrastructure industry in South America, Grupo Datco, at the beginning of the month.
SmartMetric is a leader in biometric card based products. The company has developed an industry first in combining a cyber-access card that can be used with standard desktop smart card readers that also has inbuilt RFID MiFare allowing the same card to be used for doorway and building access. The card stores the card holder’s fingerprint inside the card and will only grant cyber access and or building/doorway access upon a positive fingerprint match with the card holder when they are attempting to use the card.
The RFID MiFare and smart card chip are FIPS approved. The card has a super thin finger print scanner built inside allowing the card to be as thin as a credit card. This thinness allows the card to be used with standard smart card readers that are used for cyber network access as well as physical doorway and building access. Something that existing physical access cards cannot do due to their size and thickness.
In addition to logical and physical access control, the SmartMetric biometric activated security card acts as an identity card that can be used to validate a card holder without being inserted into a reader. Two bright LED lights indicate green or red when the card holder touches the cards surface. If the person is the legitimate card holder than following a 0.25 second scan by the card of their fingerprint the LED illuminates Green. Of course, if the card holder is not the legitimate person then it will illuminate Red. Having an internal rechargeable battery allows this instant ID verification to take place anywhere on a Business or Government grounds or building/s.
“We are excited about our new relationship with a major company in the security integration industry in South America and are confident that sales will follow as they present our unique leading edge biometric card product throughout the South American region,” said SmartMetric’s President and CEO, Chaya Hendrick, today.
ABOUT GRUPO DATCO
Datco was founded in 1981 and is headquartered in Buenos Aires, Argentina.
Argentine telecoms and IT holding company Datco provides IT infrastructure, communication services and hardware, as well as professional services and consulting in Argentina, Chile, Mexico, Peru, Puerto Rico and Spain.
Grupo Datco ended 2017 with revenues of $US110 million dollars. Revenue came from items, such as consulting, infrastructure and communications services.
Datco has built more than 13,500 kilometers of fiber optics in Argentina and Chile. In addition to fiber optic infrastructure in Brazil and other countries in South America. The company through its security division is the market leader in secure access control for both Government and Business in the region.
The company started its international expansion in 1999, when it launched offices in Chile, followed by openings in Peru and Spain, and then Mexico and Puerto Rico in 2011. Also in 2011, the company acquired Oracle platinum partner Interservices Consulting and SAP consulting services company Baitcon to increase its professional and consulting services offering.
SmartMetric is a United States company with its head office in Las Vegas, Nevada. The company was founded in 2002 and became a publicly traded company on the OTCQB in 2004 trading under the symbol OTCQB: SMME.
The company has a team of electronics engineers in Tel Aviv, Israel and has mass manufacturing capacity in various parts of the world. The company can now manufacture 1 million cards a month and has the capacity to increase this significantly based on product demand.
The SmartMetric biometric card is protected by five (5) recently “issued” patents. Additional patents are pending.
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.
San Martin 1004
Buenos Aires, Argentina
Adrian Carnevante – Director