Contact Information: For more information, please contact: Mr. Colin Hendrick President & CEO Office: 786.623.5690 Direct: 305.607.3910
SmartMetric Reviewing Legal Options to Enforce Patent Infringement
| Source: SmartMetric, Inc.
BAY HARBOR, FL--(Marketwire - March 17, 2009) - SmartMetric, Inc. (OTCBB : SMME ) announced
today it is reviewing its legal options in enforcing patent infringement
action for a patent it holds the exclusive license for from SmartMetric's
founder and inventor Mr. Colin Hendrick. The claims in the issued patent
in question deal with using any kind of micro chip based card or device to
log on to any kind of internet or intranet network.
Mr. Hendrick, speaking from SmartMetric's R&D facility in Bay Harbor, FL,
said today that he and the company are holding discussions with two groups
of lawyers in California regarding taking enforcement action to uphold all
the rights granted in the United States issued Patent. He said he finds
it mystifying how companies can blatantly infringe a legal patent without
any concern for the rights of its owners.
According to the company, some of the infringers of the Patent in question
are very large corporations who have been selling devices and services that
have generated multi millions of dollars in revenues globally. These
companies have in effect robbed the economic interests of the patents
inventor and its license holder and both parties are now taking steps to
enforce all rights under United States and International Law.
One of a number of apparent and obvious infringers has built a global
business on offering a device that stores log on information on a chip
based device that is used around the world in corporations for secure
computer and network access. Given a successful enforcement action, this
company will owe SmartMetric and its inventor many millions of dollars.
And like BlackBerry found, the patent infringers may very well see their
core businesses halted by the courts unless the Inventor and SmartMetric
agree to license its rights to such third parties.
SmartMetric is the manufacturer of the world's only "inside a credit card"
fingerprint scanner that enables biometric activation of credit cards and
employee ID and access control cards. Mr. Colin Hendrick is the inventor
and holder of a number of important patents dealing with the processes of
using chip based devices in security and transaction situations.
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.