BIO-key Debuts Robust Biometric/Bluetooth Carabiner Locks for Bikes, Scooters & Motorcycles and Smart Commercial Biometric Lo...
January 03 2019 - 8:01AM
CES -- BIO-key International, Inc. (NASDAQ: BKYI), an
innovative provider of biometric authentication and security
solutions, today announced it will introduce a new line of robust
biometric and Bluetooth enabled carabiner locks for bicycles,
scooters and motorcycles at CES 2019 January 8th – 11th in BOOTH
#36934 at the Westgate Convention Center in Las Vegas, Nevada.
BIO-key will also be unveiling its new Smart Commercial Lock
solution (SCL) which adds innovative cloud and wireless carrier
connectivity to BIO-key’s existing biometric and Bluetooth
TouchLock™ solutions.
Robust Biometric Carabiner Locks for
Bicycles, Scooters and MotorcyclesBIO-key will introduce
three new Carabiner locks, designed to provide strong security that
prevents theft of bicycles, scooters and motorcycles. The new
TouchLock Carabiner line is designed for urban cities and other
areas where a stronger, more robust security solution is
required.
Smart Commercial Lock SolutionA
practical use case example of the SCL System is to monitor and
trace the identity of the person who opens or closes the lock used
to secure a container or a truck with inventory in transit at any
time.
The SLC System provides an easy to manage
physical security solution running on the Azure IoT Cloud platform
that allows customers to monitor the movement, access and security
of their products, thereby delivering a higher level of centralized
security, management and peace of mind. SCL is an extension of
BIO-key’s TouchLock biometric - Bluetooth enabled padlocks and
bicycle locks as well as its line of Compact Fingerprint
Scanners.
Compact Fingerprint
ScannersBIO-key will also be demonstrating its compact
fingerprint scanner line, which is time-tested and qualified to
operate with Windows Hello, Microsoft’s consumer biometric sign-in
platform.
BIO-key’s fingerprint sensor technology and
associated products are designed to enhance security and
convenience by leveraging the company’s proprietary biometric
innovations. BIO-key is committed to designing and developing new
products that support IoT and provide the security necessary to
protect our connected world.
“CES’s 160,000 visitors come to see the very
latest in technology-based innovations – providing an outstanding
forum to introduce our new Carabiner Locks and Smart Commercial
Lock solution,” stated Kelvin Wong, Managing Director, BIO-key Hong
Kong. “Our SCL solution substantially expands the security,
capabilities and value of physical locks by adding wireless remote
tracking to our unique biometric and Bluetooth access control. Now
consumers and enterprises can not only secure valuable goods, but
also remotely monitor their location and access via the lock.
Additionally, we have designed our SCL solution to be easily
incorporated into other OEM solutions to expand the market
potential of this innovative technology. This new technology
reflects our R&D team’s commitment to leveraging our
world-class biometric technologies to create new use cases and
revenue opportunities that deliver value-added, user-friendly
solutions,” added Mr. Wong.
BIO-key's CEO Michael DePasquale commented, “We
are excited to kick off 2019 showcasing our latest biometric
technology solutions that bring enhanced security and ease of use
to pervasive consumer and commercial Internet of Things (IOT)
functions. We made solid progress in 2018 advancing our products
and growing revenues across an increasingly diversified base of
business, closing out the year with over $10M in orders for our
biometric software solutions. With a solid base of revenue already
booked for 2019 and an active business development effort kicking
off at CES next week, we are very confident in our ability to drive
continued growth in 2019.”
About BIO-key International, Inc.
(www.bio-key.com)About BIO-key
International, Inc. BIO-key is revolutionizing authentication with
biometric solutions that enable convenient and secure access to
devices, information, applications and high-value transactions.
BIO-key’s software and hardware finger scanning solutions offer
secure, user-friendly and attractively priced alternatives to
passwords, PINs, tokens and security cards, enabling enterprises
and consumers to secure their networks and devices as well as their
information in the cloud.
BIO-key’s TouchLock line of fingerprint and
Bluetooth-enabled padlocks brings the security and ease of use of
biometric technology to your home, office, school, gym or pastimes.
Available at a growing base of retail and e-tail outlets and via
www.shopbio-key.com, these innovative padlocks
provide 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, 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.
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Investor & Media
ContactsWilliam Jones, Tanya KamatuCatalyst
Global212-924-9800bkyi@catalyst-ir.com
Photos accompanying this announcement are available
at:http://www.globenewswire.com/NewsRoom/AttachmentNg/e2e625f5-66f5-4fc7-8422-3a87bd18f1b8and
http://www.globenewswire.com/NewsRoom/AttachmentNg/44585102-8c58-4d4b-87a6-36f8ecb03084
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