New Hampshire Retirement Systems Selects BIO-key to Secure Member Data with Strong Biometric Multifactor Authentication Inte...
September 16 2019 - 7:56AM
BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider
of biometric authentication and security solutions, today announced
that New Hampshire Retirement Systems (NHRS), a retirement system
provider for the state’s public employees, teachers, police
officers, and firefighters, has selected BIO-key to enhance online
security of member data by adding a layer of biometric
authentication.
NHRS will use BIO-key’s ID Director for Windows
software solution to seamlessly leverage the advanced biometric
sign-in capabilities of Windows 10. To support the solution, NHRS
is deploying two BIO-key finger scanners: its EcoID scanner for PCs
and laptops that operates on any flat surface and its SideSwipe
compact scanner that plugs directly into the USB port of a laptop
or tablet.
NHRS is instituting biometric multifactor
authentication to secure member financial and investment
information. NHRS is upgrading its data security given concerns
that passwords, PIN numbers and One Time Passwords (OTP) did
not provide reliable, efficient and secure multifactor
authentication.
Mike DePasquale, Chairman & CEO of BIO-key,
commented, “Organizations are becoming increasingly sensitive about
the business, legal and reputational need to secure online data,
and this trend is driving growing interest in biometric multifactor
solutions. In response to these concerns, we are able to
demonstrate that our biometric technology delivers the strongest
form of authentication and reporting capabilities, without creating
workflow friction.
“Importantly, we are also able to demonstrate
that the cost and complexity of biometric authentication
deployments are far less than most customers expect while
delivering substantial IT administration benefits, including
plug-and-play integration with Windows 10. Further, by offering our
software on a subscription basis and providing enterprise level
fingerprint scanners starting at just $39 per device, we can
deliver a monthly user cost that is about the same as a cup of
coffee.”
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 offer market-leading quality, performance and
price. BIO-key also brings the power and ease of use of biometric
technology to its TouchLock line of biometric and Bluetooth enabled
padlocks – 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
ability to develop new products and evolve existing ones, customer
and market acceptance of biometric solutions generally and our
specific offerings, our ability to expand sales within existing
customer relationships, our ability to raise additional capital,
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, 2018 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, David CollinsCatalyst
Global212-924-9800bkyi@catalyst-ir.com
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