BAY HARBOR, FL, Sep 06, 2011 (MARKETWIRE via COMTEX) -- SmartMetric, Inc. SMME -5.00% today announced that the Company has filed a patent infringement lawsuit against smart card issuers Visa and MasterCard in California Federal Court. SmartMetric filed the lawsuit in defense of its U.S. Patent 6,792,464 ('464 Patent) which provides patent protection concerning both 'contact' and 'contactless' smart card technology specifically when used to automatically access a credit card company network via such contact points as ATM machines or Point of Sale (POS) machines.
SmartMetric is seeking preliminary and permanent injunction against both Visa and MasterCard to prohibit them from further infringements along with a cash award for damages and a royalty payment.
More information on the company's lawsuit against Visa and MasterCard can be found on Form 8-K filed by the Company today with the Securities and Exchange Commission. The filing can be found http://www.sec.gov/Archives/edgar/data/1301991/000101376211002424/form8k.htm
About the SmartMetric:
The SmartMetric, Biometric Card Computer provides powerful computing with large memory capacity in a revolutionary size that has taken more than 10 years of research and development. Using the latest in sub micro technology electronics, the company has achieved a level of miniaturization that allows it to release a solution of portable computing power that combined with SmartMetric's biometric fingerprint in-card scanning technology, is so revolutionary it will change the way business is done and information is handled across a broad range of industries. For further information please go to the company website: www.smartmetric.com
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.