Biometric Solutions Provider BIO-key Expands Asia Presence, Adding Hong Kong Based Financial Executive Fabian Shin to its Boa...
November 20 2017 - 8:03AM
BIO-key International, Inc. (NASDAQ:BKYI),
an innovative provider of biometric software and hardware systems
and consumer products offering strong, convenient security and user
access, today announced the appointment of Hong Kong-based Mr.
Fabian Shin to BIO-key’s Board of Directors. Mr. Shin’s appointment
expands the global presence of BIO-key’s board to four
internationally-based directors, while increasing the board to nine
members.
Mr. Shin has over 25 years of experience in advising companies
as an investment banker, financial consultant and independent
director. He is currently an independent non-executive director of
several Hong Kong-listed companies including: iron ore mining
company Newton Resources Ltd. (1231.HK), apparel company Pak Tak
Int’l Ltd. (2668.HK), computer peripheral manufacturer and
financial services provider Huabang Financial Holdings Ltd.
(3638.HK), supermarket operator China Shun Ke Long Holdings Ltd
(947.HK) and plastic and metal household product designer and
manufacturer Lisi Group (Holdings) (526.HK). During his investment
banking career, Mr. Shin was Deputy Chief Executive Officer at CMB
International Capital Limited and head of investment banking at a
unit of the Industrial and Commercial Bank of China.
Tom Gilley, BIO-key Director and Chair of the Board’s nomination
committee, commented, “Given Asia’s importance in BIO-key’s future
revenue, partnering and product sourcing opportunities, the Board
saw the need to expand our presence, experience and base of
relationships in the region by adding another accomplished
executive based in Hong Kong. Fabian’s business and financial
experience, network of relationships and record of accomplishment
made him an ideal candidate to join our Board.
“We now have three Directors in Asia, one in Europe and five in
the U.S. We are confident Fabian’s experience, network of
relationships and skill set will immediately add value to BIO-key
and enhance our Asia Pacific visibility and presence,” stated Mike
DePasquale BIO-key Chairman and CEO.
Mr. Shin said, “I am honored to join BIO-key's Board at this
exciting point in its transformation and growth. I already see a
range of potential opportunities to pursue on BIO-key’s behalf in
Asia and look forward to working with the Board and management to
advance its business in the region.”
Mr. Shin started his career in the audit department of Deloitte
Touche Tohmatsu, later joining Victory City International Holding
Ltd. (539.HK) as a group financial controller and company
secretary. Mr. Shin is a graduate of the University of Birmingham
in England. He is a member of the Hong Kong Institute of Certified
Public Accountants, Association of Chartered Certified Accountants,
Institute of Chartered Secretaries and Administrators and the Hong
Kong Institute of Company Secretaries.
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 now bringing the power
and ease of use of biometric technology to its just-launched
TouchLock line of biometric and Bluetooth enabled
padlocks – thereby providing, even more, ways to BIO-key your
world.
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 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, and 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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