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smartmetric inc (SMME) Snapshot

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02/18/14 - $0.25
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01/13/15 - $0.03
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smartmetric inc (SMME) Details

SmartMetric, Inc., a development stage company, engages in the technology industry. Its principal product includes the SmartMetric Biometric Datacard, a fingerprint sensor activated card with a finger sensor onboard the card and a built-in fingerprint reader with a rechargeable battery for portable biometric identification. The company offers its products for financial services sector, as well as for various security applications, such as employee identity, building access and security control, computer network access, driver’s licenses, passports, welfare payments, health insurance, portable electronic medical records, check cashing identity verification, etc. SmartMetric, Inc. was founded in 2002 and is based in Las Vegas, Nevada.

1 Employees
Last Reported Date: 10/14/14
Founded in 2002

smartmetric inc (SMME) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $190.0K
Compensation as of Fiscal Year 2014.

smartmetric inc (SMME) Key Developments

SmartMetric, Inc. Develops Biometric Fingerprint Reader

SmartMetric, Inc. developed a biometric fingerprint reader powered by a rechargeable battery so small that it sits inside a credit or debit card. Now a person's own fingerprint becomes the ultimate key in activating the user's card rather than relying on numbers and tokens that travel across networks that can be easily hacked or intercepted. The card security, using biometric electronics developed by SmartMetric, is based on the user validation taking place on the card with no biometric information leaving the card and travelling across networks. The company is preparing to commence mass production in the first quarter of 2015 with major financial institutions from around the world already expressing interest in using the company's biometric payments card security solution.

SmartMetric, Inc. Develops a Super Miniature Fingerprint Scanner to Chip and PIN EMV Credit Cards

SmartMetric, Inc. developed a super miniature fingerprint scanner that sits inside a credit card to act as the ultimate key to protect a person's credit card. Forget passwords and computer generated tokens, by using a person's fingerprint to activate a user's credit or debit card. The SmartMetric developed in card biometric identification and activation system uses a SmartMetric developed ultra-miniature fingerprint reader that stores and reads a person's fingerprint. The card user's fingerprint is stored inside the card and never travels across networks or is never stored on a central computer. And unlike a PIN or password it cannot be hacked by number and password generators commonly used by today's card fraudsters. The company is preparing to commence mass production in the first quarter of 2015 with major financial institutions from around the world already expressing interest in using the company's biometric security solution.

SmartMetric, Inc. Auditor Raises 'Going Concern' Doubt

SmartMetric, Inc. filed its 10-K on Oct 14, 2014 for the period ending Jun 30, 2014. In this report its auditor, Daszkal Bolton LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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