Government Defense Ministry Implements BIO-key Fingerprint Biometric Identity Access Management Solutions for Microsoft Activ...
January 16 2018 - 8:01AM
BIO-key International, Inc. (NASDAQ:BKYI), an
innovative provider of biometric software and hardware solutions
for strong and convenient user authentication, today announced that
the cybersecurity group of one of the world’s most respected
government defense ministries has purchased and implemented
BIO-key’s software and hardware to secure access to their internal
Microsoft Windows infrastructure.
The initial purchase order, valued at approximately $257K, will
enable convenient, yet strong, authentication for the users of
defense ministry IT systems and is expected to lead to additional
opportunities as the solution is deployed more broadly. Revenue
from the contract is expected to be recognized in the Company’s
fiscal 2018 first quarter.
After extensive security testing and evaluation, the ministry
selected and deployed BIO-key’s WEB-key server-based biometric
management platform, as well as BIO-key fingerprint scanners, to
protect its existing federated Microsoft Active Directory
environment.
BIO-key’s secure authentication platform has been integrated
with the ministry’s Microsoft Windows Active Directory
Federation Services (ADFS) used to control access to
shared files, Microsoft Office applications and Outlook secure
email with a seamless biometric authentication experience. BIO-key
worked closely with the ministry’s cybersecurity team to integrate
its state-of-the-art, cloud-enabled biometric authentication with
their ADFS to deliver more a secure biometric single
sign-on access to systems and applications located
across organizational boundaries.
BIO-key’s SVP Strategy and Business Development, Jim Sullivan
commented, “This project and its successful deployment are a
testament to the vision and value of our server-based biometric
solutions. This customer is world-renowned for its cybersecurity
expertise and standards. We are honored that they chose to use our
software after finding it satisfied their standards for security,
accuracy, and user experience."
Mike DePasquale, Chairman & CEO, BIO-key commented, “This
contract confirms the security, workflow and return on investment
benefits of our solutions in enabling customers to meet rigorous
requirements for strong multi-factor authentication. Defense
ministries must be at the cutting edge of highly secure and
cost-effective solutions to protect sensitive infrastructure from
security threats. We are proud to have been selected by this highly
sophisticated customer as their trusted biometric security
provider.”
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 that make it easy for
enterprises and consumers to secure their devices as well as
information in the cloud. BIO-key provides NIST
approved biometric algorithms and software solutions, complemented
with a line of finger scanning devices offering market-leading
quality and performance. BIO-key has also launched a line of
TouchLock biometric and Bluetooth enabled
padlocks, including travel and bicycle locks, bringing the security
and ease-of-use of biometric technology to a wide variety of
applications.
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, , 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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InternationalTwitter – Corporate:
@BIOkeyIntlTwitter – Investors:
@BIO_keyIR
Investor & Media ContactsWilliam Jones,
Tanya KamatuCatalyst Global212-924-9800bkyi@catalyst-ir.com
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