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SmartMetric Secures $1M For Assembly Robots
Robot purchases will finalize SmartMetric's full-scale manufacturing capabilities of its enhanced fingerprint activated EMV Cards
By Casey Nobile
0 

June 06, 2012

SmartMetric, Inc.developer of secured by Biometrics Credit and Identity Cards, announced today that it has secured another $1million in funding from private strategic investors which will go primarily towards purchasing robots for assembly purposes at its global manufacturing plant in Buenos Aries, Argentina.

The company, in the midst of litigation with both Visa and Mastercard over patent infringement of its biometrics technology, needs the robots to install the SmartMetric “chips” that recognize consumers’ fingerprints for security. The investment will finalize SmartMetric’s full-scale manufacturing capabilities of its enhanced fingerprint activated EMV Cards.

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About the author

Casey Nobile is the lead editor for Robotics Business Review’s RBR50 news, editorial and business segment. She is also contributing writer and editor for the publication’s News & Technology columns with special emphasis on breaking news coverage for science, technology and financial transactions. Casey is also editor and contributor for other in-house publications: Robotics Trends; RoboBusiness and RoboBusiness exhibit services.

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