Resgreen Group International Inc

Resgreen Group Announces LilBuddy Pilot Testing of Payload Capacity Exceed…

Resgreen Group International Inc

Resgreen Group International Inc

Shelby Township, Michigan, June 29, 2022 (GLOBE NEWSWIRE) — Resgreen Group International (OTC Pink: RGGI), a leading mobile robot company, announced today initial results of payload capacity during pilot testing underway for LilBuddy™ has exceeded RGGI’s original projections and expectations.

Initial test results for LilBuddy™ shows that the AMR (Autonomous Mobile Robot) easily surpassed the load capacity of 100kg and can readily navigate tight spaces in a corridor. These results demonstrate that LilBuddy™ is best suited to finish internal delivery of workpieces in compact, narrow, and maze-like environments often sustained in machining centers and micro-distribution staging stations.

https://youtube.com/shorts/HmNt_vTTpwU

LilBuddy™ travels at a speed of up to 8.64 km/h (2.4 m/s) while avoiding both static and dynamic obstacles. In comparison to the company’s other vehicles, LilBuddy™ is ultra compact (432 mm length x 432 mm width x 280 mm height). As a result, this AMR is able to effectively navigate in tight spaces. By way of example, LilBuddy™ has the ability to move through door openings with a width of only 800 mm (~2.63 ft).

LilBuddy™’s hybrid ability, the use of magnetic tape and natural guidance, allows for greater versatility within its working environment. The AMR’s features include front and rear solid state 2D/3D lidars that are used to map the areas traveled in and detect obstacles in its path. Once LilBuddy™ learns the map, it can be dispatched to any location with triggers and commands from BotWay™ and BotWay™ connected devices. Routes, a series of waypoints and commands, can also be set up with a companion app or BotWay™ to specify exact movements and commands in long distance travel or complex chains of events.

For a complete review of the company please visit https://resgreengroup.com

About Resgreen Group International (RGGI):
RGGI is a leading developer of Artificial Intelligence Robotics (AIRs), Autonomous Mobile Robots (AMRs), and Automatic Guided Vehicles (AGVs). RGGI’s highly skilled engineers have years of experience in the material handling and robotics industries, which has led to significant intellectual property for the company.

RGGI also provides consulting services including backend operational oversight, material handling assessment, work-flow analysis, and steady state yield management using artificial intelligence, technology, and management systems. For more information visit http://resgreengroup.com.

Media Contact:
Sarah Carlson
Email: sarah@resgreengroup.com

Business Contact:
Parsh Patel, RGGI President and CEO
Phone: 586.265.2376
Email: info@resgreengroup.com


Source link

556dcb6a073c0ac674f4d238a41ce609.png

Resgreen Group Announces Major Milestone with LilBuddy™ Pilot Testing

Resgreen Group International Inc

Resgreen Group International Inc

Resgreen Group Announces Major Milestone with LilBuddy™ Pilot Testing

$RGGI - RESGREEN GROUP INTERNATIONAL - LilBuddy™

$RGGI – RESGREEN GROUP INTERNATIONAL – LilBuddy™

Shelby Township, Michigan, June 23, 2022 (GLOBE NEWSWIRE) — Resgreen Group International (OTC PINK: RGGI), a leading mobile robot company, announced today a partial release of pilot testing underway for LilBuddy™.

Extensive testing of two important features has wielded positive results involving maneuverability with the use of four omnidirectional casters and travel over uneven surfaces both indoor and outdoor.

The omnidirectional casters utilize small, free-spinning roller wheels located on the outside diameter. This allows LilBuddy™ to change direction without the normal restrictions imposed by traditional casters. Traditionally, omniwheels have replaced the drive-wheels on robots that can strafe (move sideways). While strafing may provide some additional maneuverability, omniwheels tend to hamper the ability for the robot to travel and stop on any grade. For this reason, LilBuddy™ features two high-torque, brushless drive-wheels with powerful electronic braking. This configuration provides superior performance by allowing zero degree turning (without the loss of traction) and stable standing on graded inclines.

In addition, LilBuddy™ is equipped with an independent shock system for each drive-wheel permitting stable travel over uneven surfaces and thresholds. When paired with the mobility provided by the omnidirectional casters, LilBuddy™ can easily travel through a wide variety of environments. Extensive testing continues to demonstrate LilBuddy™ experiencing no issue with crossing doorway thresholds, well-worn factory floors, and loading docks.

“LilBuddy™’s unique drive system of four omnidirectional casters and dual high-torque differential drive-wheels makes this one of the most stable, sturdy, and nimble AMRs on the market. This AMR, along with BotWay™ traffic management software, and an on-board safety management system, provides an excellent value for product movement,” says Parsh Patel, CEO of RGGI. “LilBuddy™ and BotWay™ are truly state-of-the-art with growing possibilities within the Industry 4.0 atmosphere. We are proud to bring this innovative product to market.”

For a complete review of the company please visit https://resgreengroup.com

About Resgreen Group International (RGGI):
RGGI is a leading developer of Artificial Intelligence Robotics (AIRs), Autonomous Mobile Robots (AMRs), and Automatic Guided Vehicles (AGVs). RGGI’s highly skilled engineers have years of experience in the material handling and robotics industries, which has led to significant intellectual property for the company.

RGGI also provides consulting services including backend operational oversight, material handling assessment, work-flow analysis, and steady state yield management using artificial intelligence, technology, and management systems. For more information visit http://resgreengroup.com.

Media Contact:
Sarah Carlson
Email: scarlson@companystorytellers.com

Business Contact:
Parsh Patel, RGGI President and CEO
Phone: 586.265.2376
Email: info@resgreengroup.com

Attachment


Source link

5150f7d8d14569b70458e11c076925ff.png

Resgreen Group Announces Release of Significant Update to BotWay Fleet and…

Resgreen Group International Inc

Resgreen Group International Inc

Resgreen Group Announces Release of Significant Update to BotWay ™ Fleet and Management System

$RGGI - BotWay ™ Fleet and Management System

$RGGI – BotWay ™ Fleet and Management System

Shelby Township, Michigan, June 16, 2022 (GLOBE NEWSWIRE) — Resgreen Group International (OTC PINK: RGGI), a leading mobile robot company, announced today the release of a notable update to its state-of-the-art traffic control and monitoring software.

BotWay™ initiates and controls jobs, redirects traffic, interfaces with 4.0 sensors, generates real time view of the traffic scene, and provides operators useful operational controls. Upgrades made to the system include interface to opportunity charging, charge monitoring, and a feedback mechanism to report missed charge cycles. This type of reporting leads to significantly improved power management on AGV/AMRs and adds a high degree of reliability to production.

Additionally, the enhancements include process triggers based on external location events, docking status, charge level, and many other robot metrics that can trigger events such as adding jobs to an automated queuing system. All these powerful features increase the level of automation and generate detailed metrics on the material handling process giving the user an accurate and timely view of the current snapshot of operations.

“The addition and combination of these new powerful features allows for the management of the fleet with greater reliability promoting more robust operations”, says Parsh Patel CEO of RGGI. “BotWay™ is truly a state-of-the-art application with growing possibilities within the Industry 4.0 atmosphere. We are proud to bring this innovative product to market.”

For a complete review of the company, please visit https://resgreengroup.com

About Resgreen Group International (RGGI):
RGGI is a leading developer of Artificial Intelligence Robotics (AIRs), Autonomous Mobile Robots (AMRs), and Automatic Guided Vehicles (AGVs). RGGI’s highly skilled engineers have years of experience in the material handling and robotics industries, which has led to significant intellectual property for the company.

RGGI also provides consulting services including backend operational oversight, material handling assessment, work-flow analysis, and steady state yield management using artificial intelligence, technology, and management systems. For more information visit http://resgreengroup.com.

Media Contact:
Sarah Carlson
Email: scarlson@companystorytellers.com

Business Contact:
Parsh Patel, RGGI President and CEO
Phone: 586.265.2376
Email: info@resgreengroup.com

Attachment


Source link

6bca031a5ca31875aaf91609540dd782.png

Resgreen Group Announces Fleet of PullBuddy™ AGVs Ready for Production

Resgreen Group International Inc

Resgreen Group International Inc

$RGGI – Resgreen Group Announces Fleet of PullBuddy™ AGVs Ready for Production

PullBuddy™ AGV

PullBuddy™ AGV

Shelby Township, Michigan, June 14, 2022 (GLOBE NEWSWIRE) — Resgreen Group International (OTC PINK: RGGI), a leading mobile robot company, announced today the arrival of various long lead materials allowing for the initiation of elevated production of the PullBuddy™ AGV fleet.

“Our manufacturing area has experienced a large influx of material this week that is necessary to begin production of our signature AGV, PullBuddy™. We are excited to be able to offer the opportunity to fill orders of a time sensitive nature” says Parsh Patel, CEO of RGGI. “Supply chain issues continue to affect everyone within the industry. The RGGI team has been working diligently to mitigate these issues. Our efforts are showing with the arrival of materials necessary for us to begin production.”

The delivery of these systems has opened up valuable new opportunities for the company to identify additional cost-effective and economical practices to be employed on the manufacturing floor utilizing AGV/AMR products. As challenges persist in the material handling industry, RGGI continues to develop and implement new innovative and cost-effective solutions.

For a complete review of the company please visit https://resgreengroup.com

About Resgreen Group International (RGGI):
RGGI is a leading developer of Artificial Intelligence Robotics (AIRs), Autonomous Mobile Robots (AMRs), and Automatic Guided Vehicles (AGVs). RGGI’s highly skilled engineers have years of experience in the material handling and robotics industries, which has led to significant intellectual property for the company.

RGGI also provides consulting services including backend operational oversight, material handling assessment, work-flow analysis, and steady state yield management using artificial intelligence, technology, and management systems. For more information visit http://resgreengroup.com.

Media Contact:
Sarah Carlson
Email: scarlson@companystorytellers.com

Business Contact:
Parsh Patel, RGGI President and CEO
Phone: 586.265.2376
Email: info@resgreengroup.com

Attachment


Source link

69ce4b817628cfd3591e044d6cb7a3ac.png

Resgreen Group Announces Commencement of Floor Testing for Pre-Production L…

Resgreen Group International Inc

Resgreen Group International Inc

Resgreen Group Announces Commencement of Floor Testing for Pre-Production LilBuddy™ AMR

LilBuddy™ AMR

LilBuddy™ AMR

Shelby Township, Michigan, June 10, 2022 (GLOBE NEWSWIRE) — Resgreen Group International (OTC PINK: RGGI), a leading mobile robot company, announced today the pre-production LilBuddy™ AMR heading to the floor for testing.

Following several months of development, LilBuddy™ AMR (Autonomous Mobile Robot) is commencing the validation and floor testing process with a full suite of RGGI products. These products, all Industry 4.0 compliant, include PullBuddy™, BotWay™, and RGGI’s wireless safety suite (wireless stack lights, wireless push buttons, and smart load handling frames). LilBuddy™ is designed for loads up to 100Kg and is ROS (Robot Operating System) based. The ROS general framework is a standard operating system in robotics.

As a hybrid AMR, LilBuddy™ is able to travel long distances using natural guidance. For precision docking, the vehicle relies on QR codes/fiducials or magnetic tape. LilBuddy™’s hybrid ability allows for greater versatility within its working environment.

LilBuddy™ features front and rear solid state 2D/3D lidars that are used to map the areas traveled in and detect obstacles in its path. Once LilBuddy™ learns the map, it can be dispatched to any location with triggers and commands from BotWay™ and BotWay™ connected devices. Routes, a series of waypoints and commands, can also be set up with a companion app or BotWay™ to specify exact movements and commands in long distance travel or complex chains of events.

LilBuddy™ is controlled by distinct command sets for motion, security, and load engagement. In RGGI’s validation test, LilBuddy™ will  be given virtual waypoints and commands via triggers from wireless buttons, 2 smart LHFs (Load Handling Frame) and a PullBuddy™ AGV, all coordinated by BotWay™ in an interoperable mode with “Cobots” (Collaborative Robots).

For a complete review of the company please visit https://resgreengroup.com

About Resgreen Group International (RGGI):
RGGI is a leading developer of Artificial Intelligence Robotics (AIRs), Autonomous Mobile Robots (AMRs), and Automatic Guided Vehicles (AGVs). RGGI’s highly skilled engineers have years of experience in the material handling and robotics industries, which has led to significant intellectual property for the company.

RGGI also provides consulting services including backend operational oversight, material handling assessment, work-flow analysis, and steady state yield management using artificial intelligence, technology, and management systems. For more information visit http://resgreengroup.com.

Media Contact:
Sarah Carlson
Email: scarlson@companystorytellers.com

Business Contact:
Parsh Patel, RGGI President and CEO
Phone: 586.265.2376
Email: info@resgreengroup.com

Attachment


Source link

7f041028d05863e1c43d0bced06f845b.jpeg

Resgreen Group Announces Completion of Phase I with Commencement of Second …

Resgreen Group International Inc

Resgreen Group International Inc

RGGI – Resgreen Group announced today the completion of Phase I of the automated material handling system at Atlantic Precision Products (APP)

Phase I of the automated material handling system at Atlantic Precision Products (APP)

Phase I of the automated material handling system at Atlantic Precision Products (APP)

Shelby Township, Michigan, June 08, 2022 (GLOBE NEWSWIRE) — Resgreen Group International (OTC PINK: RGGI), a leading mobile robot company, announced today the completion of Phase I of the automated material handling system at Atlantic Precision Products (APP). A second Phase has been quoted serving as an extension of the automated call system on a broader scale.

With the extension of the automated call system, RGGI is assisting Atlantic Precision Products (APP) with the resolution of continual supply chain issues. Automation allows for reduction in operating costs, and improves productivity, efficiency and quality of product. Benefits to automation include high scalability in meeting the evolving needs of companies.

“We are pleased to be able to offer added materials and services to the Atlantic Precision Products system in order to assist with productivity and efficiency.” said Parsh Patel, CEO of Resgreen Group International.

In Phase I, activation of transport is initiated via wireless button press by the operator at an injection molding machine. PullBuddy™ retrieves the full load handling frame and delivers it to the staging area. The staging area is monitored by a visual ASRS (Automatic Storage and Retrieval System) that communicates with BotWay™. PullBuddy™ then retrieves an empty load handling frame and returns it to the operator’s station.

Continuing Phase II, RGGI will be servicing additional machines on the factory floor. To further streamline the automation process, weight-sensing, load handling frames will trigger BotWay™’s traffic control and monitoring software when they are full. Target weight can be set per machine via BotWay™. Consistent with Phase I, full load handling frames are delivered to a staging area. An empty load handling frame is then returned to the original machine.

For a complete review of the company please visit https://resgreengroup.com

About Atlantic Precision Products (APP):

Atlantic Precision Products’ injection molding capabilities offer clamping forces ranging from 35 tons to 528 tons over the span of 44 injection molding machines – set up to handle both low-volume production and high-volume production injection molding needs.

Whether you have a completely new idea for a product, or you have an existing design you would like to improve, we can offer the engineering services you need. Atlantic Precision Products also offers a full range of metrology and mold flow analysis services – guaranteeing optimal operational performance and capability on every project.

Our engineers are highly experienced in Rapid Prototyping. We can help you select the most appropriate rapid process for your unique plastic product needs – ensuring you meet even the most stringent time demands, while guaranteeing production of the highest quality plastic products.

About Resgreen Group International (RGGI):

RGGI is a leading developer of Artificial Intelligence Robotics (AIRs), Autonomous Mobile Robots (AMRs), and Automatic Guided Vehicles (AGVs). RGGI’s highly skilled engineers have years of experience in the material handling and robotics industries, which has led to significant intellectual property for the company.

RGGI also provides consulting services including backend operational oversight, material handling assessment, work-flow analysis, and steady state yield management using artificial intelligence, technology, and management systems. For more information visit http://resgreengroup.com.

Media Contact:
Sarah Carlson
Email: scarlson@companystorytellers.com

Business Contact:
Parsh Patel, RGGI President and CEO
Phone: 586.265.2376
Email: info@resgreengroup.com

Attachment


Source link

588299cf79cc09eb98ad4031cc801133.jpeg

The SmartMetric Biometric Credit Card Provides 100% Validation of the Card …

NEW YORK, May 20, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Unlike standard credit and debit cards that rely on the questionable safety of PIN numbers and CVV codes for user validation, the SmartMetric biometric credit card solution provides 100% card user validation immediately before the card is inserted into a credit card retail reader or ATM.

In other words, the credit or debit card chip and/or the card’s internal RFID used for NFC contactless payments will not work without first the card user’s fingerprint being successfully matched against their fingerprint that is already stored inside the card.

At no time does the user’s fingerprint leave the safety of the card. The SmartMetric biometric card does not store the user’s fingerprint on a centralized computer. Rather, the user’s fingerprint is safely stored inside the SmartMetric card protected behind a highly encrypted firewall.

When a card holder first receives their card it is a simple process for them to store their fingerprint inside the card. Much the same as when a person receives a smartphone and they touch the screen of the phone 3 or 4 times to have their fingerprint registered and stored inside the phone, so too with the SmartMetric biometric card. All the card holder needs to do is touch the card’s fingerprint sensor 3 to 4 times and the user’s fingerprint will be permanently stored inside the credit or debit card.

The ease of use and in particular the ease of storing a first time card user’s fingerprint is highly important in credit card markets such as the United States. The largest credit card issuing Banks in the USA distribute their credit cards to new card holders via the mail. One method of inserting the card user’s fingerprint into a card is to have them come into a bank branch and use a specialized fingerprint reader that copies the person’s fingerprint and then stores it inside the new card. For most large scale credit card issuers this is not efficient and in the case of some not even possible given their limited branch footprint.

“Having a simple and yet highly secure method for a card user to first install their fingerprint inside of the card, that would also work with existing large scale credit card issuers, was of the utmost importance to the electronic design team at SmartMetric,” said SmartMetric President and CEO, Chaya Hendrick.

Simple and frictionless

After the card holder’s fingerprint is stored inside the card, all the card user needs to do is touch the fingerprint sensor on the surface. In less time than it takes to reach across to insert the card into a credit or debit card reader, the card has scanned the user’s fingerprint and matched it with the pre-stored fingerprint inside the card. On a successful fingerprint match, the cards is turned on so that it can perform a card transaction.

The ease of use of the SmartMetric biometric card, along with the fact that it is powered by the SmartMetric internal green battery prior to the card being inserted into a reader to power the internal processor doing the fingerprint scan, means the SmartMetric biometric card is the only card that can work across all card reader types and situations. Biometric cards that do not have an internal independent power supply are very limited on where such cards can be used.

A big advantage for both credit card users as well as banks in fighting card fraud is the fact that the SmartMetric biometric card can not be activated if someone else is trying to use the card.

“Chip and RFID/NFC are activated for use only after a fingerprint match on the card bringing very strong biometric security for the next generation of credit cards,” said SmartMetric’s President and CEO, Chaya Hendrick.

SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. Figures published by EMVCo1 reveal that by year end of 2020, 10.8 billion EMV® chip cards have been issued by financial institutions and were in global circulation – a massive increase of nearly 1 billion credit and debit EMV® cards compared to the previous twelve months.

To view the SmartMetric Biometric Card please follow this link – Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com.

1 Data Source: 10 Billion and Counting: What the Latest EMV® Chip Data Means for Global Payments – EMVCo

EMV is a registered trademark of EMVCo.

Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also 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. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Investors and security holders are urged to carefully review and consider each of SmartMetric Inc. public filings with the SEC, including but not limited to, if applicable, Annual Reports on Form 10-K, proxy statements, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220520005354/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687 or (305) 607-3910
ceo@smartmetric.com
www.smartmetric.com


Source link

1ed752adf269918641efd35f97e280e6.jpeg

SmartMetric Announces the Development of a Combined Multi Function Contact …

NEW YORK, May 10, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME) has developed a biometric activated credit/debit card that uses the card holders’ fingerprint to turn on the card prior to insertion of the card into a card reader or ATM.

The cards payment chip will not function in a standard contact or contactless credit card reader or ATM without the cardholder’s fingerprint first being scanned and matched. The user’s fingerprint is prestored inside the card and the cards internal fingerprint scanner is used to scan and match the user’s fingerprint in order to activate the credit or debit card.

The scan and match of the card users fingerprint takes less than a quarter of a second. The biometric scan is frictionless as it takes less time than it takes to reach across to insert the card into a reader.

Credit and debit cards that are used in the standard credit card reader where the user puts the credit card into a physical slot on the card reader is called a contact card. A credit and debit card that isn’t inserted into a card reader but rather is held over the top of the reader is called a contactless card. This operates on an RFID emission from the reader that reads an internal RFID chip sitting inside the card. Cards that have both contact function as well as the non-contact function are called dual interface cards.

SmartMetric has created a dual interface biometric fingerprint activated “dual interface” card that can be easily use across all credit and debit card reader types. Further the SmartMetric dual interface biometric card allows for multi sourced power and power recharging. When being used contactless by bringing the card into the proximity of a contactless card reader then the SmartMetric card harvests power from the RFID electronic field being emitted from the card reader. This energy is used to power the cards internal processor used to perform the rapid sub one second biometric fingerprint match. Importantly not only is the card powered through this wireless energy emission but excess power is harvested wirelessly to recharge the cards internal battery.

In the case of the card being inserted into a standard credit/debit card reader or ATM the SmartMetric card is able to draw power directly from the card reader providing a rapid recharge of the cards internal battery. The cards internal battery is used to power a fingerprint scan by the card prior to its insertion into the card reader or ATM.

A dual interface card with both contact and contactless energy acquisition is something that makes the SmartMetric biometric card a truly all situations and all card reading types solution for card issuing banks said today SmartMetric’s President and CEO, Chaya Hendrick.

This takes the credit card security to the next level beyond the less secure PIN number that is used today on credit and debit cards. Using biometric technology built into the card is a giant leap forward for credit and debit card security.

Because the SmartMetric biometric card allows the card to be used in all real-life situations and isn’t bound to being held by the user while a transaction is taking place, SmartMetric confidently believes that its biometric card solution is truly the most advanced and leading biometric card product in the world and the only truly practical biometric card solution for consumers and Banks alike.

SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. Figures published by EMVCo 1 reveal that by year end of 2020, 10.8 billion EMV® chip cards have been issued by financial institutions and were in global circulation – a massive increase of nearly 1 billion credit and debit EMV® cards compared to the previous twelve months.

SmartMetric is a USA based company with sales and marketing partnerships in Latin America, Europe and United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.

To view the SmartMetric Biometric Card please follow this link – Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

1 Data Source: 10 Billion and Counting: What the Latest EMV® Chip Data Means for Global Payments – EMVCo

EMV is a registered trademark of EMVCo

Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also 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. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Investors and security holders are urged to carefully review and consider each of SmartMetric Inc. public filings with the SEC, including but not limited to, if applicable, Annual Reports on Form 10-K, proxy statements, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220510006184/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687 or (305) 607-3910
ceo@smartmetric.com
www.smartmetric.com


Source link

SmartMetric Says Its Biometric User Fingerprint Credit Card Technology Stan…

NEW YORK, May 04, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME) has made substantial improvements in its biometric card that include a state of the art miniature solid state rechargeable battery. Also a sophisticated hardware solution that distinguishes a live fingerprint from a fake one.

The more advanced SmartMetric biometric credit card is being readied for submission to one of the world’s largest credit card networks for operating approval on its network.

The soon to be released new biometric fingerprint activated credit card is coming to market in the light of alarming figures showing that businesses are suffering monumental losses due to online and at check out fraud. What is so alarming is that the rate of growth in online fraud for merchants is in triple figures with loses for chargebacks alone has been estimated to reach $30 Billion in the United States.

Charge backs are where the credit card user amongst other things, denies making the card purchase or says they never received the goods. It is estimated that 86% of this $30 billion in “chargebacks” or to be more precise, transaction reversals, are based on fraudulent misrepresentations by the card user.

One area beleaguering online merchants and the credit card industry as a whole, is the area commonly referred to as “friendly fraud.” Friendly fraud is far from friendly. It is a euphemism used in the credit card industry for what is essentially “customer fraud.” In the day and age when people would need to walk into a physical business to make a purchase with a credit card, any resulting fraud was termed “friendly fraud” since the person committing the fraud and the merchant would have been in face to face contact with each other. Now that the world has moved to billions of dollars being transacted online there is no human interaction for today’s credit card fraudster. So, it is a misnomer to call online based fraud by customers “friendly fraud.” The fraud in fact is out and out customer fraud. When 86% of reported fraud resulting in the transaction being reversed and money is returned to the fraudsters account, then this is most definitely not friendly fraud.

An additional cost to businesses and card companies online is the number of dollars lost in “card abandonment” at the online site checkout. In order to combat online fraud credit card, processors have now ramped up automatic fraud prevention tools that are in turn causing false rejections of credit cards being used by good paying customers with good money in their accounts.

It is estimated that 25% of what is called false positive transaction rejections result in the customer abandoning the transaction completely. Imagine owning a large department store and finding out that 1 in 4 of your customers turnaround and walk out without buying anything because their card is erroneously rejected by the card processor. A quick way to go bankrupt for any business. This doesn’t happen in physical retail stores anywhere near like it happens online, simply because the anti-fraud tools online are so more restrictive of transactions then what happens at a merchant’s terminal in the physical store.

“In a nut shell the explosion in online fraud and in addition the unimaginable loss of business from good paying customers abandoning online shopping carts because of false card rejections, is causing multi-billions of dollars a year being lost by merchants and credit card issuers in lost sales and outright fraud,” said the President and CEO of SmartMetric, Chaya Hendrick.

Without going into too much detail, the SmartMetric biometric activated credit card allows online merchants to fight back against customers who say it wasn’t them who made the transaction (customer fraud) and at the same time validate the legitimacy of the card user thereby allowing for greater acceptance of transactions which will reduce substantially the losses from checkout cart abandonment that is plaguing the online world.

The SmartMetric biometric credit and debit card uses the cardholder’s fingerprint which is read by a nano fingerprint scanner inside the card, to turn on the card prior to insertion into the card reader or ATM. The cardholder’s biometrics are protected since their fingerprint is stored inside their card and never leaves the card at any time. Only the authorized holder of the SmartMetric biometric credit and debit card can use the card.

“Using the SmartMetric biometric credit card that only allows the legal card holder to use the card, protects card users, merchants, card processors and banks with state-of-the-art biometric technology built inside the card,said Chaya Hendrick.

Further information on the SmartMetric biometric credit card is available on the company website at www.smartmetric.com

Figures used are from: https://chargebacks911.com/scary-chargeback-facts/

Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also 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. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Investors and security holders are urged to carefully review and consider each of SmartMetric Inc. public filings with the SEC, including but not limited to, if applicable, Annual Reports on Form 10-K, proxy statements, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220504005927/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
President & CEO
3960 Howard Hughes Parkway, Suite 500
Las Vegas, Nevada. 89169 USA
Tel: +1.702.990.3687 or +1.305.607.3910
ceo@smartmetric.com
www.smartmetric.com


Source link

The SmartMetric Biometric Credit Card Brings Safe 100% User Validation Beyo…

NEW YORK, April 12, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Unlike standard credit and debit cards that rely on the questionable safety of PIN numbers and CVV codes for user validation, the SmartMetric biometric credit card solution provides 100% card user validation at the time the card is being used for a purchase.

Simple and frictionless, all the card user needs to do is touch the fingerprint sensor on the surface. In less time than it takes to reach across to insert the card into a credit or debit card reader, the card has scanned the users fingerprint and matched it with the pre-stored fingerprint inside the card. On a successful fingerprint match, the card is turned on so that it can perform a card transaction.

The ease of use of the SmartMetric biometric card along with the fact that it is powered by the SmartMetric internal green battery prior to the card being inserted into a reader to power the internal processor doing the fingerprint scan, means the SmartMetric biometric card is the only card that can work across all card reader types and situations. Biometric cards that do not have an internal independent power supply are very limited on where such cards can be used.

A big advantage for both credit card users as well as banks in fighting card fraud is the fact that the SmartMetric biometric card can not be activated if someone else is trying to use the card.

“Chip and RFID/NFC are activated for use only after a fingerprint match on the card bringing very strong biometric security for the next generation of credit cards,” said SmartMetric’s President and CEO, Chaya Hendrick.

SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. Figures published by EMVCo 1 reveal that by year end of 2020, 10.8 billion EMV® chip cards have been issued by financial institutions and were in global circulation – a massive increase of nearly 1 billion credit and debit EMV® cards compared to the previous twelve months.

To view the SmartMetric Biometric Card please follow this link – Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

1 Data Source: 10 Billion and Counting: What the Latest EMV<sup>®</sup> Chip Data Means for Global Payments – EMVCo
EMV is a registered trademark of EMVCo

Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also 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. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Investors and security holders are urged to carefully review and consider each of SmartMetric Inc. public filings with the SEC, including but not limited to, if applicable, Annual Reports on Form 10-K, proxy statements, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220412006054/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687 or (305) 607-3910
ceo@smartmetric.com
www.smartmetric.com


Source link