SmartMetric's Patent Infringement Lawsuit Against Visa and Mastercard
Set by the Court for a Hearing by Jury in September 2013
BAY HARBOR, FL -- (Marketwire) -- 01/09/13 -- SmartMetric, Inc.
(OTCQB: SMME) -- Speaking today, The President and CEO of
SmartMetric, Inc., Ms. Chaya C. Hendrick, said, "SmartMetric, Inc. is
looking forward to its trial by jury against Visa and MasterCard for
what SmartMetric alleges as serious infringement of its '464'
The "464" Patent, issued by the United States Patent Office and owned
in full by SmartMetric, Inc., deals with data cards such as
smartcards that are inserted into readers and that are used to
establish a connection with a network. Visa has announced that it has
started issuing in the USA, such cards that are referred to in the
industry as EMV Cards.
SmartMetric has argued in its motions before the Federal Court that
Visa and MasterCard should be found guilty of infringing the
SmartMetric Patent. The company, SmartMetric, Inc. is in the
discovery phase of the Court proceedings and is waiting for the card
companies to produce papers that so far they have sought to withhold
from disclosure to the Company and its CEO, C. Hendrick. In what
appears very strange indeed both Visa and MasterCard have claimed
allowing SmartMetric and especially its CEO access to all of its
information under discovery would be harmful to their interests.
SmartMetric has objected to this withholding of information and only
allowing the so called confidential information to be seen by
SmartMetric's Patent litigation lawyers. The first motion by Visa and
MasterCard to exclude information under discovery was thrown out by
the Court in a ruling by the Judge on December 3rd 2012. The card
companies have refiled almost an identical motion that was rejected
last December and SmartMetric has filed its objections to this new
motion. We are now awaiting another ruling of the Court regarding
About SmartMetric, Inc.
SmartMetric, Inc. has developed a portable
biometric identity and transaction card capable of storing a wide
variety of personal information while protecting you against identity
theft and fraud. It is one of the most advanced portable identity
authentication solutions in the world today. The card contains a
biometric fingerprint scanner and reader which only you can unlock
and is smaller and thinner than a credit card. The SmartMetric card
is ideal for a wide range of consumers, including Personal,
Government and Corporate.
For more information please visit us at
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
Ms. Chaya C. Hendrick
President & CEO
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