America's Auto Auction Selects BIO-key's PortalGuard Identity-as-a-Service (IDaaS) Identity and Access Platform
November 03 2021 - 7:57AM
BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider
of workforce and customer identity and access management (IAM)
solutions featuring Identity-Bound Biometrics (IBB), today
announced America's Auto Auction (AAA) www.americasautoauction.com
a full spectrum dealer services company headquartered in Dallas,
Texas, has selected BIO-key's PortalGuard® Identity-as-a-Service
(IDaaS) platform. With 23 locations nationwide, America's Auto
Auction is one of the fastest-growing auctions in the US and has
chosen to partner with BIO-key to enhance access security and
support delivery of cloud desktops, applications, and workstations
from the public cloud.
America's Auto Auction required a centralized security solution
to manage access controls across multiple business locations
seamlessly. With PortalGuard IDaaS, the AAA IT team can strengthen
access security without making the multi-factor authentication
process difficult for end-users to use. PortalGuard IDaaS met
important project goals that included enhanced cybersecurity,
reduced IT resource costs, and the flexibility to secure various
remote access scenarios.
"Our company is partnering with BIO-key to address our key
corporate security initiatives," states Victor Demaria, MIS/IT
Director, America's Auto Auction. "BIO-key provides a proven suite
of IAM solutions and we use their biometric authentication
solutions including MobileAuth™ with PalmPositive™ to positively
prove the user's identity, not just the hardware device, when
accessing our critical systems and data. BIO-key offers us
significant security advantages over traditional device-based
authentication approaches offered by other vendors."
"We are thrilled to have AAA join our growing list of
customers," said Mark Cochran, President of BIO-key - PortalGuard.
"Centralization is one of the most critical areas on which security
teams should focus to address cyber threats and limit the
challenges of fragmented security access. Devising a compensative
cloud security strategy starts with ensuring that the enterprise
has a robust IAM program to guide cloud-related security decisions,
and then deploying the right solutions, like PortalGuard IDaaS, to
assert the appropriate levels of controls."
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,
multi-factor identity and access management (IAM) solutions,
including PortalGuard 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 America’s Auto Auction
(www.americasautoauction.com
)America's Auto Auction offers a full spectrum of
Dealers Services necessary to successfully complete the remarketing
needs for both Buyers and Sellers. We understand the value of a
customer and know that every dealership is different and has
different needs.
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"estimate," "project," "intends," "expects," "anticipates,"
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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.
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BIO-key Media Contact:Erin Knapp Matter
Communications BIO-key@matternow.com 914-260-3158
Investor Contacts:William Jones, David
CollinsCatalyst IRBKYI@catalyst-ir.com212-924-9800
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