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SmartMetric Acquires Manufacturing Plant for Global Manufacturing in Buenos Aires, Argentina(January 03, 2012)
BUENOS AIRES, ARGENTINA -- (Marketwire) -- 01/03/12 -- SmartMetric, Inc. (OTCBB: SMME) President & CEO of SmartMetric, Inc., C. Hendrick said today that SmartMetric, Inc., is excited to announce the Company has acquired via lease its manufacturing plant in Buenos Aires. Situated in a secure zone of Buenos Aires, the plant will allow the company to proceed with its Latin American production of advanced electronic fingerprint activated Smart Cards for the Banking, Medical Insurance, Government Identity and many other markets and applications. Manufacturing in South America presents valuable benefits for the company while providing a favorable export base for Europe, Asia Pacific, Latin America and North America.
The Company President C. Hendrick said that the company is looking forward to moving from a long period of product research and development to product manufacturing and sales revenue in 2012.
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.
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