BIO-key International will be participating in a major investors conference next week, the company has announced. Its Vice President of Corporate Development, Jay Meier, will discuss BIO-key’s technology and business strategies at the LD Micro Invitational 2015 conference in Los Angeles on June 1st.
It’s a significant opportunity for the company to drum up investor excitement, as LD Micro is a boutique online investment advisory firm. Despite posting Q1 2015 losses, BIO-key says it’s in a strong position for the rest of the year; in a statement, the company says it “has developed a pipeline of sales opportunities for the next twelve months” that it values at $30 million, a substantial increase over the $12.7 million in prospects the company faced at the end of 2013. BIO-key therefore predicts “significant revenue growth” this year.
Indeed, the company has been very busy establishing partnerships with the potential for major payoffs going forward. In April, for example, BIO-key announced that it had acquired a new client in the financial services industry that would provide potential integrations of BIO-key’s fingerprint biometrics technology to authenticate employees in its many branches around the world. It also made a deal with global IT solutions provider Avnet in that same month that would see BIO-key tech integrated into IBM middleware. These developments bode well for Q2 at the very least, and if the company has even more partnerships to announce, it could get a lot of positive attention at the LD Micro conference.
May 29, 2015 – by Alex Perala