Haver & Boecker Implements Single Sign-On (SSO) with Multifactor Authentication via P&W Netzwerk and BIO-key Europe to Secure and Streamline User Access
January 17 2024 - 4:59AM
BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider
of workforce and customer Identity and Access Management (IAM)
solutions featuring Identity-Bound Biometric (IBB) authentication
solutions, today announced that Haver & Boecker, a global
leader in processing and packaging technology for bulk materials,
has implemented Multifactor Authentication (MFA) and Single Sign-On
(SSO) technology for its digital platforms via P&W Netzwerk
GmbH & Co. KG, utilizing BIO-key Europe‘s AuthControl Sentry
solution. The SSO integration is part of a strategic initiative to
enhance efficiency and user experience for the Company’s employees.
Single Sign-on will allow access to multiple
applications and services that, together with multifactor
authentication, eliminate the complexity and lost time inherent in
managing numerous passwords. This modernization reflects the
customer’s commitment to identifying and adopting innovative
technologies that improve workplace productivity.
Alex Rocha, Managing Director of BIO-key Europe,
added, “Haver & Boecker’s decision to integrate an MFA and SSO
solution that leverages the capabilities of AuthControl Sentry and
the expertise of P&W Network, shows their forward-thinking
approach to digital transformation. Such collaborations are crucial
in an era where security and efficiency are paramount. BIO-key is
proud to team with P&W Network to support innovative solutions
that deliver operational and security improvements for
forward-thinking industry leaders like Haver & Boecker.”
About P&W Network (www.puw-netzwerk.de)
For more than 20 years, P&W Network has been
a reliable partner for complex IT infrastructures, network analysis
and security. Their goal is to always offer the best solution to
keep the end customer’s IT infrastructure secure and stable.
Whether you need support with troubleshooting or simply want expert
advice in the area of IT infrastructure – P&W Network is always
a reliable and trusted IT partner.
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 securing
access for over thirty-five million users. BIO-key allows customers
to choose the right authentication factors for diverse use cases,
including phoneless, tokenless, and passwordless biometric options.
Its hosted or on-premise PortalGuard IAM solution provides
cost-effective, easy-to-deploy, convenient, and secure access to
computers, information, applications, and high-value
transactions.
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 to satisfy working capital needs; our ability to
continue as a going concern; our ability to regain compliance with
the Nasdaq continued listing standards, market conditions and the
impact of the reverse stock split on the trading price of our
common stock; 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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Investor ContactsWilliam Jones, David
CollinsCatalyst IRBKYI@catalyst-ir.com or 212-924-9800
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