BIO-key's Biometric Luggage Padlock – TouchLock™ TSA – Debuts this week at World’s Largest Duty Free and Travel Retai...
October 04 2017 - 3:00AM
BIO-key International, Inc. (Nasdaq:BKYI), an
innovative provider of biometric software and hardware solutions,
announced that its TouchLock™ TSA luggage padlock is being featured
at Tax Free World Association’s
TFWA World Exhibition and
Conference for the duty-free and travel retail industry,
this week in Cannes, France, by BIO-key’s trusted retail travel
partner, the Travel Retail Distribution Group.
About TouchLock
TSACombining BIO-key engineering and a biometric
fingerprint sensor from IDEX, TouchLock TSA is an easy to use,
heavy-duty travel lock that is approved by the U.S. Transportation
Security Administration for use at all airports and on cruises.
Instead of keeping track of keys or combinations for multiple bags,
users simply place their fingerprint on the fingerprint sensor to
open the lock. You can enroll up to 20 fingerprints to share access
with family members or colleagues travelling with you.
IDEX CEO, Dr. Hemant Mardia, commented, “We are
delighted to be partnered with BIO-key to bring the benefits of
biometric innovation to an expanding array of consumer products.
TouchLock TSA significantly enhances security in a user friendly
manner, while advancing the application of our fingerprint sensor
technology to everyday consumer products.”
Mike DePasquale, BIO-key CEO commented, "Now you
can secure your luggage and your valuable items inside with a
simple touch of your finger. TouchLock TSA improves the security of
your valuables with reliable access, by removing the vulnerability
of simple PINs, combinations or keys, which can be forgotten or
lost. We have had solid initial interest in our TouchLock TSA
solution and knew it was ready for its debut at the largest annual
event in the travel retail industry. Our partner the Travel Retail
Distribution Group, is doing a fabulous job positioning TouchLock
TSA in the global travel retail industry. We have had excellent
reports on retail and distribution interest so far at the TWFA
where the user friendly features and enhanced security of TouchLock
TSA is resonating with many buyers in attendance."
About BIO-key International, Inc.
(www.bio-key.com)BIO-key
is revolutionizing authentication with biometric solutions that
enable convenient and secure access to information and high-stakes
transactions. We offer alternatives to passwords, PINs,
tokens and cards to make it easy for enterprises and consumers to
secure their devices as well as information in the cloud. Our
premium finger scanning devices, including
SideSwipe, SideTouch,
EcoID and SidePass, offer
market-leading quality, performance and price. BIO-key is also
bringing the power and ease of use of biometric technology to its
recently launched TouchLock line of biometric and
Bluetooth enabled padlocks – providing even more ways to BIO-key
your world!
About IDEXIDEX is a leading
developer of advanced fingerprint sensor technology and products.
The company's technology is used in a range of biometrically
enabled applications within three core markets: smart cards,
mobile, and Internet of Things (IoT). IDEX's addressable market
represents a fast-growing multi-billion unit opportunity.
IDEX's technology includes both the conventional
silicon sensor and a unique off-chip technology, which means that
the company can offer its partners solutions which are flexible and
cost efficient.
IDEX ASA (symbol IDEX.OL) is a Norwegian
company, founded in 1996 and listed on the Oslo stock exchange in
2010. For more information, please visit
www.idex.no
BIO-key Safe Harbor
StatementCertain 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, market acceptance of biometric solutions generally
and our specific offerings, our ability to expand into the Asian
market, the impact on our business of the past financial crisis in
the global capital markets or 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, 2016 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
undertakes no obligation to disclose any revision to these
forward-looking statements to reflect events or circumstances after
the date made.
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Investor & Media
ContactsWilliam Jones, Tanya KamatuCatalyst
Global212-924-9800bkyi@catalyst-ir.com
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