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BIO-key International, Inc. (BKYI)

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3.5000-0.0800 (-2.23%)
At close: 4:00PM EDT

3.4500 -0.05 (-1.43%)
After hours: 6:31PM EDT

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Previous Close3.5800
Open3.5700
Bid3.4000 x 900
Ask3.4500 x 800
Day's Range3.5000 - 3.5700
52 Week Range2.7500 - 13.6800
Volume122,582
Avg. Volume458,336
Market Cap27.361M
Beta (5Y Monthly)1.01
PE Ratio (TTM)N/A
EPS (TTM)-2.0820
Earnings DateJun 08, 2021 - Jun 18, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est6.00
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  • BIO-key Announces New Fingerprint Scanner Hardware Additions to Support Secure and Convenient Biometric Authentication
    GlobeNewswire

    BIO-key Announces New Fingerprint Scanner Hardware Additions to Support Secure and Convenient Biometric Authentication

    BIO-key extends leadership with comprehensive hardware options and fully integrated IAM platform BIO-key Pocket10 scanner BIO-key Pocket10 scanner BIO-key Pocket10 scanner BIO-key Pocket10 scanner BIO-key Pocket10 scanner BIO-key Pocket10 scanner BIO-key SidePass USB-C BIO-key SidePass USB-C BIO-key SidePass USB-C BIO-key SidePass USB-C BIO-key SideSwipe USB-C BIO-key SideSwipe USB-C BIO-key SideSwipe USB-C BIO-key SideSwipe USB-C WALL, N.J., April 12, 2021 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, today announced the immediate availability of several new additions to its lineup of fingerprint scanners to meet the growing demand from enterprises and government for new form factors and USB connection options. First, BIO-key introduced Pocket10™, its FBI FAP50, NIMC- and STQC-certified fingerprint scanner, which captures ten print enrollments in a compact, pocket-sized form factor, allowing highly mobile enrollment capability suitable for national IDs, background check submissions, and law enforcement use. Second, BIO-key unveiled USB-C versions of its popular SidePass® and SideSwipe® fingerprint scanners. With this next generation of affordable hardware options for its customers, BIO-key continues its leadership in developing hardware to support the most secure and convenient authentication method - biometrics. Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/3e05e6b3-f0da-4eb0-b4e5-618ab5d331a4https://www.globenewswire.com/NewsRoom/AttachmentNg/88769c7e-2fd7-4cf9-af35-be39e789a754https://www.globenewswire.com/NewsRoom/AttachmentNg/499fc15b-0268-419e-9310-49bbaca351cc BIO-key’s entire line of single-finger USB fingerprint scanners are all tested and qualified as Windows Hello accessories, allowing enterprises to deliver Windows Hello biometric experiences to users who lack a fingerprint scanner for secure access. Where higher levels of assurance are required, BIO-key’s award-winning PortalGuard® Identity-as-a-Service (IDaaS) platform, offers Multi-Factor Authentication (MFA), Single Sign On (SSO), and Self-Service Password Reset, which incorporates BIO-key’s server-secured biometric management for maximum flexibility and assurance when authenticating users. Additionally, BIO-key’s software is scanner independent, allowing customers to mix and match any of over 40 supported fingerprint scanners to deliver a secure biometric experience. With this unmatched combination of platform and hardware options, BIO-key customers and partners have access to flexible, cost-effective, and secure solutions to secure the way their employees, customers and partners access their systems, no matter where they work. Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/7f0f8bc9-cad4-45e1-b527-fbba9ac66542https://www.globenewswire.com/NewsRoom/AttachmentNg/54e4baad-a82e-487e-a621-4dc59de368ed The demand for biometric authentication solutions is increasing rapidly as companies seek to replace outdated security methods provided by password-based authentication. The global market for biometrics is expected to increase from $22 billion in revenue this year to $55 billion in 2027, according to Raconteur. In North America and Europe, respondents note that fingerprint biometrics are faster, more convenient and more secure than passwords or other security methods. Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/94b7e2f7-0e72-4c6d-ac9a-e8d986a1bf56https://www.globenewswire.com/NewsRoom/AttachmentNg/08aa155f-da31-480e-a88f-8f6d3643cffb “The release of these new low-cost, high-quality fingerprint scanners enable faster, more economical identity workflows for BIO-key customers,” said Kimberly Johnson, Vice President of Products, BIO-key. “Not only are these scanners secure and more convenient than passwords, tokens and phone factors for the end user, they are easily integrated into customers’ existing security solutions and align with our WEB-key and PortalGuard IDaaS platform. BIO-key continues to lead the industry by providing the most advanced and secure biometric product offerings to a broad range of customers and partners.” For more information about BIO-key’s Biometric Identity Solutions, visit www.bio-key.com About BIO-key International, Inc.BIO-key is revolutionizing authentication with biometric centric, multi-factor identity and accessmanagement (IAM) solutions, including its PortalGuard IAM solution, that provide convenient and secure access to devices, information, applications, and high-value transactions. BIO-key’s proprietary software and hardware solutions, with industry-leading biometric capabilities, enable large-scale on-premise and Identity-as-a-Service (IDaaS) solutions as well as customized enterprise and cloud solutions. BIO-key Safe Harbor StatementAll statements contained in this press release other than statements of historical facts are "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 not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements, as well as other factors set forth under the caption see "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2019, and other filings with the Securities and Exchange Commission. Engage with BIO-key:Facebook – Corporate: https://www.facebook.com/BIOkeyInternational/ LinkedIn – Corporate: https://www.linkedin.com/company/bio-key-international Twitter – Corporate: @BIOkeyIntlTwitter – Investors: @BIO_keyIRStockTwits: BIO_keyIR Media Contact:Erin KnappMatter CommunicationsBIO-key@matternow.com914-260-3158

  • BIO-key Expands Channel Alliance Partner Program in Africa, Adding Kenya-Based Cyber Security Provider Kristel Communication to Sell its Biometric and Identity and Access Management Solutions in High-Growth East African Markets
    GlobeNewswire

    BIO-key Expands Channel Alliance Partner Program in Africa, Adding Kenya-Based Cyber Security Provider Kristel Communication to Sell its Biometric and Identity and Access Management Solutions in High-Growth East African Markets

    NAIROBI, Kenya and WALL, N.J., April 07, 2021 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, today announced it has added Nairobi, Kenya-based Kristel Communication Ltd., a leading provider of cyber security solutions in Africa, to its BIO-key Channel Alliance Partner Program. Kristel Communication will sell BIO-key’s PortalGuard cloud based Identity as a Service (IDaaS) solution and its biometric hardware and software solutions to commercial and government accounts through its reseller network in Kenya and other East African countries. Kristel Communication is a leading cyber security solutions provider in Kenya and Eastern Africa with a broad reseller network and diverse array of cutting-edge network solutions that complement PortalGuard IDaaS and BIO-key’s biometric offerings. Kristel is the country partner for Bitdefender, which runs on over 500M systems worldwide, and is a distribution partner for Endpoint Protector, a data loss prevention solution for personal information and intellectual property recognized as a premier solution in Gartner's latest Enterprise DLP Magic Quadrant. “We are anxious to begin selling BIO-key’s PortalGuard IDaaS solution through our reseller network,” affirmed Ben Obinju, CEO of Kristel Communication. “Our experience with selling cloud-delivered security solutions will be critical as we introduce the PortalGuard platform to our customers. Our customers expect a reduced total cost of ownership by moving to a SaaS model of delivery since the overhead burden of hosting and maintaining the solution is no longer necessary. Many of our customers, such as those in financial services will also take advantage of the integrated biometric solutions that BIO-key offers.” “We are excited to welcome Kristel Communication to our Channel Alliance Partner Program and expand our footprint in Africa,” said Michael DePasquale, Chairman and CEO of BIO-key International. “Kristel has a demonstrated track record of exceptional customer service, a critical factor for us as we expand into new markets. Our IDaaS solution is a great fit for Kristel and their customers. IAM technology needs to be flexible, available everywhere, and highly reliable, allowing customers to focus on their mission. Integrated biometrics is also extremely important for many of Kristel’s target markets. Kristel has outstanding experience selling cybersecurity solutions in Kenya and other countries in East Africa. They have developed a strong reseller network throughout the region and provide excellent support, ensuring high levels of customer satisfaction.” PortalGuard IDaaS’s unmatched security, flexibility, ease of deployment and support for fifteen different authentication factors allows customers across myriad industries to become secure “cloud first” businesses, while maintaining the highest levels of security. PortalGuard IDaaS includes BIO-key’s NIST-certified device-or-server biometric authentication factors, along with fourteen other factor options for flexible authentication. As the demand for always-on cloud computing rises to all-time highs with the global shift to work-from-anywhere, PortalGuard IDaaS lets customers leverage existing authentication factors, accelerate deployments, cut costs and simplify operations instead of managing a mission-critical IAM solution on premise. IDaaS is expected to experience strong growth. Gartner anticipates a 35 percent global increase in midsize and larger organizations using identity and access management capabilities delivered via SaaS to fulfill most of their identity needs, a prediction made prior to the COVID-19 driven shift to work-from-anywhere. Gartner also predicts growth for biometric authentication given its lower deployment costs, better phishing resistance and superior user experience. BIO-key’s PortalGuard IDaaS and biometric solutions are an efficient and proven means for customers to be ready for whatever challenges the future brings. About BIO-key International, Inc. (www.bio-key.com)BIO-key is revolutionizing authentication with biometric centric, multi-factor identity and access management (IAM) solutions, including its PortalGuard IAM solution, that provide convenient and secure access to devices, information, applications, and high-value transactions. BIO-key's proprietary software and hardware solutions, with industry-leading biometric capabilities, enable large-scale on-premise and Identity-as-a-Service (IDaaS) solutions, including customized enterprise and cloud solutions. About Kristel Communications, Limited (KLC) (www.kristel.co.ke)Kristel Communication is a leading cyber security solutions provider in Kenya and has been in the ICT industry offering diverse and leading network solutions. KCL focuses on offering our clients the best and leading solution products, that are current and relevant in managing any network. BIO-key Safe Harbor StatementAll statements contained in this press release other than statements of historical facts are "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 not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue; our ability to raise additional capital; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; our ability to execute and deliver on contracts in Africa; our ability to expand into Asia, Africa and other foreign markets; the duration and severity of the current coronavirus COVID-19 pandemic and its effect on our business operations, sales cycles, personnel, and the geographic markets in which we operate; delays in the development of products and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption see "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2020 and 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. Except as required by law, the Company undertakes no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise. Additionally, there may be other factors of which the Company is not currently aware that may affect matters discussed in forward-looking statements and may also cause actual results to differ materially from those discussed. In particular, the consequences of the coronavirus outbreak to economic conditions and the industry in general and the financial position and operating results of our company in particular have been material, are changing rapidly, and cannot be predicted. Engage with BIO-key:Facebook – Corporate: https://www.facebook.com/BIOkeyInternational/LinkedIn – Corporate: https://www.linkedin.com/company/bio-key-internationalTwitter – Corporate: @BIOkeyIntlTwitter – Investors: @BIO_keyIRStockTwits: BIO_keyIR Media ContactErin KnappMatter CommunicationsBIO-key@matternow.com914-260-3158Investor ContactWilliam Jones, David CollinsCatalyst IRBKYI@catalyst-ir.com212-924-9800

  • BIO-key Secures $1.2M, Three-Year Contract Extension for Fingerprint Biometric Security Support Services from a Fortune 500 Telecommunications Customer
    GlobeNewswire

    BIO-key Secures $1.2M, Three-Year Contract Extension for Fingerprint Biometric Security Support Services from a Fortune 500 Telecommunications Customer

    WALL, N.J., April 05, 2021 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (Nasdaq: BKYI), an innovative provider of biometric and multi-factor identity and access management (IAM) solutions for strong, convenient user authentication and large-scale identity applications, announced today that it has secured a $1.2M, three-year follow-on order from an existing Fortune 500 telecommunications industry customer for support services for its enterprise fingerprint biometric authentication platform. The extension will provide ongoing support for the BIO-key biometric authentication system securing access to enterprise resources and confidential customer data by several hundred thousand of the customer’s global personnel and supply chain partners. Unlike arms-length consumer relationships, enterprises have a higher-trust relationship with their employees and supply chain and must affirmatively secure systems against account delegation and handover, not just takeover. Many multi-factor solutions offer only on-device biometric authentication such as TouchID or FaceID, which is problematic because it allows end-users to delegate or share access by enrolling others into their phones or associating other phones with their account. In the workplace, this approach requires smartphones to be used in sensitive areas such as call centers, interrupts customer interactions in retail, and opens the door to labor law actions or compensation of workers for personal phone use. BIO-key’s authentication platform is more flexible and secure than traditional MFA solutions, in that BIO-key customers can choose between managing and matching biometric credentials on secured servers, in the cloud or on-device, enabling a portable biometric user experience that requires no per-user tokens or smartphone use in the workplace. Additionally, BIO-key includes privacy and compliance by design, with integrated consent management, privacy disclosures and retention management built into all workflows. Jim Sullivan, BIO-key SVP Strategy, Compliance, and Chief Legal Officer stated, “We are delighted by this high-profile customer’s renewed commitment to our biometric solutions, demonstrated by their support services contract extension. It confirms the competitive benefits, scalability and value of our biometric solutions for large enterprise customers, where a one-size-fits-all token or phone solution does not provide sufficient security to meet many customers’ needs. BIO-key’s server-secured biometrics provide the ultimate authentication tool for enterprises that have come to the realization that they must be absolutely certain who is accessing their systems on premises or remotely.” About BIO-key International, Inc. (www.bio-key.com)BIO-key streamlines secure connections between people and the applications they use to get things done. BIO-key has over two decades of expertise in providing authentication technology for thousands of organizations and millions of users and is revolutionizing authentication with biometric-centric, multi-factor identity and access management (IAM) solutions. Its PortalGuard IAM solution provides convenient and secure access to devices, information, applications, and authorization for high-value transactions. BIO-key's patented software and hardware solutions, with industry-leading biometric capabilities, enable large-scale on-premise and Identity-as-a-Service (IDaaS) solutions as well as customized enterprise and cloud solutions. BIO-key Safe Harbor Statement All statements contained in this press release other than statements of historical facts are "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 not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; delays in the development of products and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption see "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2020 and 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. Except as required by law, the Company undertakes no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise. Additionally, there may be other factors of which the Company is not currently aware that may affect matters discussed in forward-looking statements and may also cause actual results to differ materially from those discussed. In particular, the consequences of the coronavirus outbreak to economic conditions and the industry in general and the financial position and operating results of our Company, in particular, have been material, are changing rapidly, and cannot be predicted. Engage with BIO-key: Facebook – Corporate: https://www.facebook.com/BIOkeyInternational/ LinkedIn – Corporate: https://www.linkedin.com/company/bio-key-international Twitter – Corporate: @BIOkeyIntl Twitter – Investors: @BIO_keyIR StockTwits: BIO_keyIR Media ContactInvestor Contact Erin KnappWilliam Jones, David CollinsMatter CommunicationsCatalyst IRBIO-key@matternow.comBKYI@catalyst-ir.com914-260-3158212-924-9800