BIO-key Names Veteran Technology Sales Executive Frederick Corsentino Chief Revenue Officer to Drive Sales and Business Devel...
September 21 2018 - 8:00AM
BIO-key International, Inc. (NASDAQ: BKYI) an innovative provider
of biometric software and hardware enterprise solutions and
consumer products, announced today the appointment of Frederick
“Fred” Corsentino, a talented and proven technology sales
executive, as Chief Revenue Officer, a new position at the Company.
Mr. Corsentino will be responsible for refining and focusing
BIO-key's business development, sales and integrated marketing
functions in order to optimize revenue growth from its strong base
of biometric software and hardware solutions. He has decades of
sales leadership experience and a strong track record of revenue
growth accomplishment, with a particular emphasis on emerging
technologies including security.
Mr. Corsentino launched a consulting practice that advises
security and information research and technology companies on go-to
market strategies to increase sales prospects and drive revenue
growth. He also recently served as Chief Revenue Officer at Comodo,
a cyber security provider, where he managed the sales team and
successfully launched a new line of end point protection and cloud
computing security products.
From 2005 to 2007 he led sales at Meru Networks, a Wi-Fi
networking company, growing worldwide revenues from $1M to $40M in
two years. This sales trajectory helped pave the way to the
Company’s IPO and the Company was acquired by Fortinet in 2015.
Previously, Fred led the worldwide sales strategy for Proxim
Wireless, a Western Multiplex broadband telecommunication provider.
Under his leadership, Western Multiplex revenues grew from $35M to
$105M during its first year and the company went public in 2000. He
also led the turnaround of a communications networking Products
Company, growing sales by 250% to $32M over three years.
Mr. Corsentino commented, "Digital and device security has never
been more urgent than it is now and as organizations and consumers
turn to biometric technology, I look forward to playing a role in
driving broad scale adoption of BIO-key's secure and convenient
biometric solutions. I'm excited to leverage my decades of
experience in building out new business development strategies and
contributing to BIO-key's goal of achieving consistent long-term
revenue growth."
BIO-key's Chairman & CEO Michael DePasquale commented, “On
behalf of the entire BIO-key team, I wanted to express our sincere
gratitude for the contributions of Barbara Rivera who recently
resigned as COO, and we wish her all the best in her future
endeavors. The progress she made in shaping our direction and
operational processes the past two years, has played a significant
role in getting us to point where we could fully transition to the
top-line focus Fred now brings to the Company.
"He brings deep expertise in managing sales processes to advance
revenue opportunities and an impressive track record as a change
agent for emerging technology companies like BIO-key. We believe
that BIO-key’s product offerings and our reference account base are
at the point where we can now fully benefit from his experience and
strong skillset to rapidly scale our business.”
Mr. Corsentino earned his B.S. degree in Economics – cum laude
from the New York Institute of Technology and an MBA from Columbia
University, where he was a member of Beta Gamma Sigma Honor Society
for Business School graduates.
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
software-based 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 more ways to BIO-key your world!
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 recent financial crisis
in the global capital markets, negative global economic trends 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, 2017 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.
Facebook –
Corporate: |
|
BIO-key
International |
|
|
|
Twitter –
Corporate: |
|
@BIOkeyIntl |
|
|
|
Twitter –
Investors: |
|
@BIO_keyIR |
|
|
|
Investor & Media
Contacts:
William Jones; Tanya Kamatu
Catalyst Global 212-924- 9800
bkyi@catalyst-ir.com
BIO key (NASDAQ:BKYI)
Historical Stock Chart
From Mar 2024 to Apr 2024
BIO key (NASDAQ:BKYI)
Historical Stock Chart
From Apr 2023 to Apr 2024