BIO-key is aiming for a stronger presence in the APAC market with a new appointment to its Board of Directors: Investment and finance specialist Fabian Shin has joined the team.
In a statement announcing his appointment, BIO-key emphasized Shin’s extensive business connection in Asia, noting that he is an independent, non-executive director of Hong Kong-listed firms including China Shun Ke Long Holdings, Lisi Group, Newton Resources, and Pak Tak Int’l. BIO-key also pointed out that Shin has previously served as the head of an investment banking unit with the Industrial and Commercial Bank of China, and as Deputy CEO of CMB International Capital Corporation Limited, an arm of China Merchants Bank.
Commenting on the appointment, Tom Gilley, the BIO-key Board of Directors nomination committee chair, cited “Asia’s importance in BIO-key’s future revenue, partnering and product sourcing opportunities”; and indeed, the company already saw substantial sales from the region this year with respect to its new TouchLock biometric padlocks, which saw their first orders from clients in the APAC region. Gilley added that Shin’s “business and financial experience, network of relationships and record of accomplishment made him an ideal candidate” for the firm’s Board.
Elaborating further, BIO-key CEO Mike DePasquale highlighted that the company now has three Directors based in Asia, as well as one in Europe and five in the US, pointing to a growing global reach for the company.
November 20, 2017 – by Alex Perala