Montenegro Ministry of Defense Selects BIO-key for Secure Data Access for All Ministry Employees With Multi-factor Authentication and Single Sign-On
October 30 2023 - 8:50AM
BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider
of workforce and customer identity and access management (IAM)
featuring passwordless, phoneless and token-less Identity-Bound
Biometric (IBB) authentication solutions, today announced that the
Ministry of Defense of Montenegro has deployed AuthControl Sentry
for secure IAM for all of the Ministry’s government employees
through BIO-key EMEA (Europe, Middle East, Africa).
The Defense Ministry’s obligation is to ensure
the security and defense of Montenegro and the objective of the
project was to require MFA for login and to simplify the user
experience through SSO integration with web and legacy
applications. This project was managed by REAL security d.o.o, one
of BIO-key EMEA’s trusted partners with several years of experience
implementing complex cybersecurity solutions in the region.
"Adding another defense ministry client only
further validates the strength of BIO-key’s multi-factor
authentication solutions, not only in the defense industry but in
any environment where strong security is a requirement. Our team
continuously strives to improve our products and stay ahead of
increasing threats in today’s global environment. We have earned
trust working closely with various government-related customers,
international partners, and enterprise customers, many in
highly-regulated industries, where robust security is paramount,"
said Alex Rocha, Managing Director, BIO-key EMEA.
About BIO-key International, Inc.
(www.bio-key.com)BIO-key
is revolutionizing authentication and cybersecurity with
biometric-centric, multi-factor identity and access management
(IAM) software managing millions of users. Its cloud-based
PortalGuard IAM solution provides cost-effective, easy-to-deploy,
convenient, and secure access to devices, information,
applications, and high-value transactions. With industry-leading
Identity-Bound Biometric (IBB) capabilities, BIO-key's patented
software and hardware solutions enable large-scale
Identity-as-a-Service (IDaaS) solutions and customized on-premises
solutions. BIO-key EMEA (formerly Swivel Secure Europe, S.A.) is an
IAM solutions provider based in Madrid, Spain, that serves the
European, Middle East, and African markets.
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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 to satisfy debt repayment obligations and
working capital needs; our ability to continue as a going concern;
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 convert sales opportunities to customer contracts; our ability
to expand into Asia, Africa and other foreign markets; our ability
to integrate the operations and personnel of Swivel Secure into our
business; fluctuations in foreign currency exchange
rates; 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 "Risk Factors" in our Annual Report on
Form 10-K for the year ended December 31, 2022 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, we
undertake no obligation to disclose any revision to these
forward-looking statements whether as a result of new information,
future events, or otherwise.
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