BIO-key Receives 2022 Govies Government Security Award from Security Today Magazine
April 28 2022 - 7:58AM
BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider
of Identity and Access Management (IAM) and Identity-Bound
Biometric (IBB) solutions, today announced its BIO-key PortalGuard®
platform is a gold recipient of the 2022 Govies Government Security
Award in the User Authentication/Identification/Credentialing and
Management category.
The Govies Government Security Awards are awarded annually by
Security Today magazine, the top publication for integrated
products and technology for the security industry, to recognize
exceptional government security products.
The risk of cyber-attacks against state and local governments is
on the rise with threat actors looking not only for monetary
payouts but also to disrupt critical infrastructure and impact the
largest number of people possible. Cities and counties across the
country have paid huge ransoms to hackers after ransomware attacks
have denied access to files or hackers threatened to release
sensitive data. As these attacks become more prolific, all levels
of government are looking to strengthen their cyber defense models
and find tested and proven IAM services.
“This award recognizes the security and convenience offered by
our PortalGuard system and substantiates the hard work put in by
our team to provide federal, state and local governments with the
best-in-class authentication technology,” said Michael DePasquale,
BIO-key Chairman and CEO. “We are honored to be selected by
Security Today as a leader in providing IAM solutions to government
agencies across the country.”
The BIO-key PortalGuard® IAM platform was developed by BIO-key’s
security team as a flexible, cost effective and secure method for
providing IAM security to its customers. By supporting a range of
different methods for multi-factor authentication (MFA) including
Identity-Bound Biometrics to verify a user’s identity, BIO-key
PortalGuard® offers a unique set of options for organizations to
establish MFA security without having to rely on user’s access to
their smartphone. This gives government IT departments a greater
ability to adapt to the individual needs of each department and
user while retaining the highest possible level of security for the
sensitive data used in public offices and agencies.
“The pandemic has wreaked havoc worldwide, but security
manufacturers continued to work hard designing new security
solutions for the government sector,” said Ralph C. Jensen, editor
in chief, Security Today magazine and securitytoday.com. “This is
truly a testament of dedication and vision to ensure the best
products are available for government use. Manufacturers should be
proud of their employees for providing the best solutions in these
challenging times. We appreciate the opportunity to enhance the
marketplace by honoring these award winners.”
To learn more about BIO-key’s solutions, visit the company
website.
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 its PortalGuard IAM solution, 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 cloud-based
Identity-as-aService (IDaaS) solutions, as well as customized
enterprise solutions.
BIO-key Safe Harbor Statement All 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, 2021 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_keyIR StockTwits:
BIO_keyIR
BIO-key Media Contact: Erin Knapp Matter Communications
BIO-key@matternow.com 914-260-3158
Investor Contacts: William Jones, David Collins Catalyst IR
BKYI@catalyst-ir.com 212-924-9800
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