Dutch-Based Multinational Conglomerate Selects BIO-Key IAM Security product to Secure Data Access for Supply Chain Partners
September 14 2022 - 7:58AM
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 that Swivel Secure Europe today deployed AuthControl
Sentry to a Dutch-based multinational conglomerate ("Company") in
the furniture and home accessories market that will allow their
suppliers to have secure SSO access to legacy enterprise
applications. For the Company, its suppliers and service providers
are its most important partners for maintaining vital business
operations and supply chain logistics, so ensuring seamless, secure
access to key applications and data is mission critical for their
business.
The BIO-key solution assisted the Company with
implementing robust SSO capability combined with multifactor
authentication (MFA) security that allows the users to select from
up to 10 different authentication methods depending on the
risk-based authentication rules, ensuring that the proper
authentication is applied to each access request. Another important
project requirement was securing access to the Company's enterprise
SAP ERP environment, where access requests can be validated with
MFA using a unique combination of authenticator factors that we
call MFA+. The BIO-key security solution is currently in Phase 1 of
deployment, and the Company plans to roll it out to its other
locations worldwide and leverage it with other enterprise
applications.
"We are glad to be selected by the Company to
provide this innovative solution that will securely connect more of
its supply chain logistic partners, strengthen their business
processes, and improve overall partner efficiency. The Company has
millions of customer transactions daily, and we are providing the
access security to support that success." Alex Rocha, Managing
Director, BIO-key EMEA. “BIO-key excels at providing its customers
with fluid access to corporate systems and data without sacrificing
the company’s security.”
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. With industry-leading biometric capabilities,
BIO-key's patented software and hardware solutions enable
large-scale on-premises and cloud-based Identity-as-a-Service
(IDaaS) solutions and customized enterprise solutions. Swivel
Secure Europe, S.A, is a 100% owned BIO-key IAM solutions provider
based in Madrid, Spain, that serves the European, Middle East, and
African markets.
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
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; 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.
Engage with BIO-key: Facebook – Corporate:
https://www.facebook.com/BIOkeyInternational/ LinkedIn – Corporate:
https://www.linkedin.com/company/bio-key-international Twitter –
Corporate: @BIOkeyIntl
Twitter – Investors: @BIO_keyIRStockTwits:
BIO_keyIR
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
BIO key (NASDAQ:BKYI)
Historical Stock Chart
From Aug 2024 to Sep 2024
BIO key (NASDAQ:BKYI)
Historical Stock Chart
From Sep 2023 to Sep 2024