U.S. General Services Administration (GSA) Deploys BIO-key’s PortalGuard Identity and Access Management (IAM) Solution for ...
October 08 2020 - 10:30AM
BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider
of identity and access management (IAM) solutions powered by
biometrics, today announced that the U.S. General Services Agency
(GSA), which provides centralized procurement for the federal
government, selected BIO-key’s PortalGuard IAM solution to deliver
flexible, secure and compliant two-factor authentication for a
public facing central communication application.
The Office of GSA Information Technology (OGIT)
administers a publicly accessible electronic mailing list
environment and has a security requirement to enforce two-factor
authentication for users who log in to the Listserv web interface.
By leveraging the PortalGuard IAM platform and its extensive
experience working with legacy software applications, the BIO-key
team provided a more efficient enrollment and credential management
process for the Listserv environment. Listserv users will be
prompted to enroll a second form of authentication using one of
fifteen authentication options supported by PortalGuard, including
finger and voice biometrics, SMS PINs, tokens, mobile
authenticators, push authentication and smart cards.
“We are honored to partner with the GSA to
support their security initiative for this important public facing
communication application,” stated Mike DePasquale, Chairman and
CEO, BIO-key. “Stringent security compliance requirements are
mandatory for all government agencies because of the nature of the
information and data that is entrusted to them. In this case, we
enhanced their legacy Listserv application to provide secure,
frictionless two-factor authentication with self-service
capabilities for all end-users.”
About BIO-key International,
Inc.
(www.bio-key.com)BIO-key
is revolutionizing authentication with biometric solutions that
enable convenient and secure access to devices, information,
applications, and high-value transactions. BIO-key’s software and
hardware finger scanning solutions offer secure, user-friendly, and
attractively- priced alternatives to passwords, PINs, tokens, and
security cards, enabling enterprises and consumers to secure their
networks and devices as well as their information in the cloud.
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; our ability to execute and deliver on contracts in
Africa; our ability to expand into Asia, Africa and other foreign
markets; our ability to integrate the operations and personnel of
PistolStar into our business; 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, 2019 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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Investor & Media
ContactsWilliam Jones, David CollinsCatalyst
IR212-924-9800bkyi@catalyst-ir.com
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