SmartMetric Inc. (OTCQB: SMME), a developer of fingerprint-enabled payment card technology, has announced significant progress on manufacturing schedules after navigating prolonged sourcing challenges and production interruptions. The company’s biometric-secured credit card offering is positioned to commence factory output from its East Asian manufacturing hub.
Breaking Through Production Obstacles
For months, SmartMetric encountered substantial hurdles rooted in component shortages and regional manufacturing constraints. However, recent shifts in governmental regulations have alleviated prior factory closure mandates, substantially improving operational certainty. The company emphasized that these policy modifications enable a more predictable production roadmap moving forward.
Dual-Manufacturing Strategy
To mitigate future supply disruptions, SmartMetric has initiated domestic card production setup in the United States while maintaining its established high-capacity overseas manufacturing infrastructure. The firm’s East Asian facility maintains one million unit monthly production capacity. By establishing parallel manufacturing relationships across continents, SmartMetric aims to strengthen resilience against potential future bottlenecks while expanding total monthly output capabilities.
Distinctive Technology in Expanding Market
SmartMetric’s biometric credit card represents a differentiated solution in the payments security sector, culminating from years of focused development work prioritizing user experience and security integration.
“We recognize that introducing an entirely new credit card category—one satisfying stringent industry certification standards—represents a complex undertaking,” stated SmartMetric President and CEO Chaya Hendrick. “Yet we are optimistic regarding growth prospects as we deploy this next-generation card featuring integrated biometric fingerprint authentication.”
Addressing Massive Market Opportunity
The opportunity addresses an enormous existing infrastructure: EMVCo data documented 10.8 billion EMV chip cards in active global circulation by 2020’s conclusion—reflecting a substantial growth of approximately one billion units from the prior twelve-month period. SmartMetric’s biometric innovation directly targets this multi-billion-dollar chip-based credit and debit card segment, positioning the technology to capture meaningful adoption within established payment networks.
The company continues scaling toward commercial deployment as manufacturing uncertainties continue resolving.
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SmartMetric Advances Biometric Card Production Timeline Following Supply Chain Improvements
SmartMetric Inc. (OTCQB: SMME), a developer of fingerprint-enabled payment card technology, has announced significant progress on manufacturing schedules after navigating prolonged sourcing challenges and production interruptions. The company’s biometric-secured credit card offering is positioned to commence factory output from its East Asian manufacturing hub.
Breaking Through Production Obstacles
For months, SmartMetric encountered substantial hurdles rooted in component shortages and regional manufacturing constraints. However, recent shifts in governmental regulations have alleviated prior factory closure mandates, substantially improving operational certainty. The company emphasized that these policy modifications enable a more predictable production roadmap moving forward.
Dual-Manufacturing Strategy
To mitigate future supply disruptions, SmartMetric has initiated domestic card production setup in the United States while maintaining its established high-capacity overseas manufacturing infrastructure. The firm’s East Asian facility maintains one million unit monthly production capacity. By establishing parallel manufacturing relationships across continents, SmartMetric aims to strengthen resilience against potential future bottlenecks while expanding total monthly output capabilities.
Distinctive Technology in Expanding Market
SmartMetric’s biometric credit card represents a differentiated solution in the payments security sector, culminating from years of focused development work prioritizing user experience and security integration.
“We recognize that introducing an entirely new credit card category—one satisfying stringent industry certification standards—represents a complex undertaking,” stated SmartMetric President and CEO Chaya Hendrick. “Yet we are optimistic regarding growth prospects as we deploy this next-generation card featuring integrated biometric fingerprint authentication.”
Addressing Massive Market Opportunity
The opportunity addresses an enormous existing infrastructure: EMVCo data documented 10.8 billion EMV chip cards in active global circulation by 2020’s conclusion—reflecting a substantial growth of approximately one billion units from the prior twelve-month period. SmartMetric’s biometric innovation directly targets this multi-billion-dollar chip-based credit and debit card segment, positioning the technology to capture meaningful adoption within established payment networks.
The company continues scaling toward commercial deployment as manufacturing uncertainties continue resolving.