Robot purchases will finalize SmartMetric's full-scale manufacturing capabilities of its enhanced fingerprint activated EMV Cards
By Casey Nobile
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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