WALL, NJ--(Marketwired - Mar 14, 2016) - BIO-key International, Inc. (OTCQB: BKYI), an innovative provider of strong and interoperable biometric authentication solutions, announced that the company is a Silver Sponsor at the upcoming connect:ID 2016, March 14-16 in Washington, D.C. Visit Booth #210. The event is focused on security, mobility and biometric technology.
Jim Sullivan, BIO-key's SVP Global Sales, will be representing the IBIA on a panel session entitled Biometric Authentication: Changing the face of mobile security, presented in association with the FIDO Alliance. The panel will discuss the future of mobile authentication -- specifically, how the integration of biometrics into traditional two-factor authentication tasks is transforming mobile security for simpler and strong authentication for end users. BIO-key's roadmap to provide a root of trusted identity with a biometrically-enabled FICAM CSP as part of the enrollment process, then binding that enrollment with FIDO authentication thereafter, allows both FIDO online authentications and in-person identity verifications and fraud elimination through a common user experience.
Through our partnership with 2FA, Inc., BIO-key has developed an enterprise biometric authentication solution that extends device authentication available in Windows Hello to traditional Active Directory (AD) joined systems. In keeping pace with the trend to migrate infrastructure to the cloud through Microsoft Azure, BIO-key has recently added support for Azure AD. Both traditional AD and Azure AD integration enhances biometric logon to standalone windows systems by supporting roaming of credentials and settings, as well as providing the ability to restrict access to devices that comply with organizational Group Policy Settings.
BIO-key will also be highlighting the recently announced SideTouch, our latest in a series of affordable compact fingerprint readers. SideTouch, was developed to address the growing market of enterprise and consumer users wanting to replace passwords with biometric authentication solutions such as Windows Hello, on existing devices.
With the introduction of SideTouch, millions of device owners now have a biometric logon option that is affordable (MSRP $39.99), simple to install and use. Additionally, enterprise customers can use BIO-key's ID Director for Active Directory and WEB-key Biometric Asset Management software along with SideTouch to biometrically secure their Active Directory authentication workflows for accessing protected company files and applications. Better still, enterprises can mix and match SideTouch with any other from among over forty BIO-key-supported fingerprint scanners across their enterprise. BIO-key's unique scanner-interoperable capability makes this possible.
"BIO-key is delighted to be both a sponsor and invited presenter at this prestigious conference," said Jim Sullivan, BIO-key SVP Global Sales. "The FIDO panel on the future of mobile authentication is a gathering of thought leaders on this important topic, and intends to demystify the interrelation of several foundational concepts on how biometrics can be used in simplifying authentication, as well as combatting fraud. Hackers were recently successful in stealing $80M of a $1B attempted bank heist from Bangladesh's central bank using stolen SWIFT credentials, captured using on-device malware. The time is now for a comprehensively better way to authenticate."
BIO-key is Revolutionizing Authentication, as our easy-to-use biometric solutions enable convenient and secure information access and transactions, whether in-person or online. We eliminate the need for passwords, PINs, tokens and cards, and make it easy for enterprises and consumers to secure their devices, as well as information in the cloud. Our premium finger scanning devices SideTouch, SideSwipe and EcoID offer market leading quality, performance and price. Now anyone can BIO-key their world!
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, 2014 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.