WALL, NJ--(Marketwired - Aug 7, 2013) - BIO-key International, Inc. (
"Using Commercial-Off-The-Shelf (COTS) products, BIO-key is expanding the way a biometric search can be performed which dramatically improves speed over conventional approaches. This revolution comes from the use of a highly parallel search architecture, allowing our solutions to perform faster and look deeper while improving speed and accuracy," stated Renat Zhdanov, PhD, Vice President, Chief Scientist, BIO-key International.
Initial tests of the new accelerated architecture show speed results of several millions matches per second, on a typical PC. This provides biometric search acceleration of several orders of magnitude on that PC alone. "These performance gains mean the required hardware and support costs for larger systems, or those heavily used in the Cloud from mobile devices or other sources, can now be greatly reduced, providing for thousands of times more throughput per dollar spent," stated Mira LaCous, Senior VP of Technology and Development, BIO-key International.
"Stakeholders must consider many factors when deploying large-scale fingerprint identification systems. The system must be secure, extremely accurate, fast and reasonably priced to deploy and support. This is especially true in the emerging Cloud-based enterprise and consumer Mobile Authentication markets," stated Michael DePasquale, BIO-key CEO. "BIO-key's COTS-based, interoperable platforms already provide high accuracy rates, at high speeds, per unit of capital investment. Yet, with this new acceleration technology, BIO-key has taken 'matches per second per dollar' to an entirely new level, expanding the possibilities for the entire Industry."
BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions to commercial and government enterprises, integrators, and custom application developers. BIO-key's award winning, high performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise applications. Our solutions are used in local embedded OEM products as well as some of the world's largest identification deployments to improve security, guarantee identity, and help reduce identity theft. BIO-key's technology is offered directly or by market leading partners around the world. (http://www.bio-key.com)
BIO-key Safe Harbor Statement
Certain statements contained in this press release may be construed as "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue, our ability to develop new products and evolve existing ones, the impact on our business of the recent financial crisis in the global capital markets and negative global economic trends, our ability to attract and retain key personnel. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, Inc., see "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2012 and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.