BIO-key has officially sent its first shipment of biometric hardware and software products to Nigeria. The technologies will be used to support various identity and financial inclusion initiatives, and encourage the e-commerce activity in the country.
The shipments represent BIO-key’s efforts to fulfill a pair of lucrative contracts that were signed in March of 2020. The company reached a $45 million agreement with the Nigerian Ministry of Labour to use biometric technology to help create jobs, and also has a $30 million arrangement with the Technology Transfer Institute of Africa (TTI). In the latter instance, BIO-key has been asked to deliver a biometric authentication platform for a telecommunications company.
According to BIO-key, both projects were delayed due to the impact of COVID-19, and because of civil unrest and protests in Nigeria. The first shipment is expected to be worth roughly $500,000, and will be completed before the end of the month now that things are underway. BIO-key indicated that fingerprint scanners will make up the bulk of the initial order.
“Last quarter we secured initial purchase orders and now payments to begin the first phase of technology deployments,” said BIO-key Chairman and CEO Michael DePasquale. “We expect deliveries to increase each quarter and are working to firm up deployment plans and product delivery schedules for the remainder of 2021 and beyond.”
“We welcome [the Nigerian Federal Government’s] great support of programs to bring much-needed economic empowerment to the country’s youth,” added BIO-key Africa Managing Director Akintunde Carlton Jeje. “Opportunities for economic development and financial inclusion could not be more welcome at this time.”
BIO-key Africa is based in Nigeria, and was established in November of 2019 in an effort to raise the company’s profile on the continent. TTI also joined BIO-key’s Channel Alliance Partner Program earlier in that same month.
March 24, 2021 – by Eric Weiss