BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider
of Identity and Access Management (IAM) and Identity-Bound
Biometric (IBB) solutions, today announced its PortalGuard®
Identity-as-a-Service (IDaaS) platform has been selected as the
winner of the “Access Management Solution of the Year” award in the
fifth annual, 2021 CyberSecurity Breakthrough Awards program
conducted by CyberSecurity Breakthrough, a leading independent
market intelligence organization that recognizes the top companies,
technologies and products in the global information security market
today.
Rigid security controls and passwords make it difficult for
today’s digitally transformed enterprise to prevent cyberattacks
while making sure that employees, customers, and suppliers can get
the resources they need. BIO-key PortalGuard IDaaS is a single,
unified IAM platform that customers select for its powerful
identity security with unmatched flexibility.
PortalGuard IDaaS offers an unmatched variety of choices for
multi-factor authentication (MFA), single sign-on (SSO), and
self-service password reset (SSPR), and is the only IAM platform on
the market offering Identity-Bound Biometrics as an authentication
method, that provides the highest level of integrity and is
well-suited for everyday use cases including remote workforces,
third-party access, Customer IAM (CIAM), and passwordless
workflows. For over 20 years, PortalGuard has been trusted by
customers across multiple industries, including education,
healthcare, manufacturing, finance, and government to reduce
password-related help desk calls by up to 95%, eliminate passwords,
secure remote access, prevent phishing attacks, and improve
productivity for the IT team.
With flexibility the focus of the platform, PortalGuard supports
over 16 authentication methods, major federation and SSO standards
as well as contextual authentication, empowering the IT
Administrator to decide which authentication methods work best to
support their security policies and access scenarios, and making it
easy to protect on-premises, legacy, thick client, and web
applications from a single comprehensive Identity Provider (IdP).
PortalGuard also provides the flexibility to allow organizations to
store identities where they want and have the flexibility to deploy
on-premises or in the cloud.
“To navigate this complex cybersecurity landscape, customers
need a solution that can adapt to their needs as attacks continue
to evolve, user expectations are raised, and IT resources remain
limited,” said Michael DePasquale, Chairman and CEO of BIO-key. “We
are so pleased to be recognized by CyberSecurity Breakthrough –
especially at a time when flexibility and ‘future proof’ solutions,
that include biometrics, are essential to protecting the
enterprise.”
The mission of the CyberSecurity Breakthrough Awards is to honor
excellence and recognize the innovation, hard work, and success in
a range of information security categories, including Cloud
Security, Threat Detection, Risk Management, Fraud Prevention,
Mobile Security, Email Security, and many more. This year’s program
attracted more than 4,000 nominations from over 20 different
countries throughout the world.
“Access management is all about flexibility and balancing both
security and convenience. A complete solution needs to not only
secure access but also ensure that it provides a streamlined and
usable access experience,” said James Johnson, Managing Director,
CyberSecurity Breakthrough. “To achieve the level of flexibility
that’s required in today’s digital world, a solution needs to have
enough options for all users and PortalGuard is a ‘breakthrough’
identity security platform that delivers on this need, working for
all scenarios users may find themselves in. We extend our sincere
congratulations to BIO-key for winning our 'Access Management
Solution of the Year' award.”
To learn more about BIO-key PortalGuard IDaaS please visit
BIO-key's website.
About BIO-key International, Inc.
(www.BIO-key.com)BIO-key
has over two decades of expertise in providing authentication
technology for thousands of organizations and millions of users and
is revolutionizing authentication with biometric-centric,
multifactor identity and access management (IAM) solutions,
including its PortalGuard IAM solution, that provides convenient
and secure access to devices, information, applications, and
high-value transactions. BIO-key's patented software and hardware
solutions, with industry-leading biometric capabilities, enable
large-scale on-premises and Identity-as-a-Service (IDaaS) solutions
as well as customized enterprise and cloud solutions.
About CyberSecurity BreakthroughPart of Tech
Breakthrough, a leading market intelligence and recognition
platform for global technology innovation and leadership, the
CyberSecurity Breakthrough Awards program is devoted to honoring
excellence in information security and cybersecurity technology
companies, products and people. The CyberSecurity Breakthrough
Awards provide a platform for public recognition around the
achievements of breakthrough information security companies and
products in categories including Cloud Security, Threat Detection,
Risk Management, Fraud Prevention, Mobile Security, Web and Email
Security, UTM, Firewall and more. For more information visit
CyberSecurityBreakthrough.com.
BIO-key Safe Harbor Statement All 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 raise additional capital; our ability to protect our
intellectual property; changes in business conditions; changes in
our sales strategy and product development plans; changes in the
marketplace; continued services of our executive management team;
security breaches; competition in the biometric technology
industry; market acceptance of biometric products generally and our
products under development; our ability to execute and deliver on
contracts in Africa; our ability to expand into Asia, Africa and
other foreign markets; the duration and severity of the current
coronavirus COVID-19 pandemic and its effect on our business
operations, sales cycles, personnel, and the geographic markets in
which we operate; delays in the development of products and
statements of assumption underlying any of the foregoing as well as
other factors set forth under the caption see "Risk Factors" in our
Annual Report on Form 10-K for the year ended December 31, 2020 and
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. Except as
required by law, the Company undertakes no obligation to disclose
any revision to these forward-looking statements whether as a
result of new information, future events, or otherwise.
Additionally, there may be other factors of which the Company is
not currently aware that may affect matters discussed in
forward-looking statements and may also cause actual results to
differ materially from those discussed. In particular, the
consequences of the coronavirus outbreak to economic conditions and
the industry in general and the financial position and operating
results of our Company, in particular, have been material, are
changing rapidly, and cannot be predicted.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/03727bff-14e8-47a7-a80e-be540f477ade
Engage with BIO-key: Facebook – Corporate:
https://www.facebook.com/BIOkeyInternational/LinkedIn – Corporate:
https://www.linkedin.com/company/bio-key-internationalTwitter –
Corporate: @BIOkeyIntl Twitter – Investors: @BIO_keyIR StockTwits:
BIO_keyIR BIO-key Media Contact: Erin Knapp Matter
Communications BIO-key@matternow.com
914-260-3158
Investor Contacts: William Jones, David Collins
Catalyst IR BKYI@catalyst-ir.com 212-924-9800
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