BIO-key CEO Michael DePasquale was recently interviewed by Mike Elliott on CEOLIVE’s Investor Update. Answering questions from investors, DePasquale spoke about his company’s impressive partner relationships and its opportunities in healthcare and financial verticals. In recent months BIO-key has been making headlines suggesting that 2016 will be a big year for the company. A major investment and…
BIO-key has issued a preliminary update on its 2015 results via a letter to shareholders from CEO Michael DePasquale in which he called 2015 “a period of unprecedented growth and transformation” for the company. In large part DePasquale’s enthusiasm revolved around the company’s revenues, with its Q4 results appearing to have exceeded the minimum $1.4 million…
BIO-key has entered into a major new partnership that will help extend the reach in the ePrescription market. The company is now working with HealthIDx, a federal Credential Services Provider (CSP). Essentially, the aim is to bring together BIO-key’s biometric identification technologies and HealthIDx’s authentication services as a standards-compliant CSP, helping client healthcare organizations to comply with DEA…
Fingerprint biometrics specialist BIO-key has appointed two new members to its board of directors. Both new directors, Wong Kwok Fong and Yao Jianhui, hold senior positions at China Goldjoy Group, formerly known as World Wide Touch Technology Holdings Limited. The appointments are the product of some recent major dealings between BIO-key and CGG. At the…
Fingerprint biometrics specialist BIO-key has secured a major opportunity to raise its profile—and that of the wider field—among the investment world. The company’s CEO, Mike DePasquale, has been invited to present at the 12th Annual Imperial Capital Security Investor Conference. Imperial Capital is an investment bank offering trading and advisory services, and its annual Security…
Last week at FindBiometrics, Financial Biometrics Month continued in the featured articles section while major news about the FIDO Alliance, Apple Pay and upgraded products made up the top stories. Here is a look back on the week that was: Financial Biometrics Month As Financial Biometrics Month continued through week three of November, we took…
Growth consultancy Frost & Sullivan has recognized BIO-key with its 2015 Global Frost & Sullivan Award for Product Line Strategy Leadership. The award recognizes companies for particularly comprehensive product lines, given their intended markets. BIO-key earned the recognition for its versatile product suite, which is aimed at both government and commercial clients. In a statement, Frost &…
BIO-key International has released its third quarter fiscal results for 2015. The company’s revenues came in slightly under the low end of its revenue guidance for the quarter, at $670,000, versus $1,283,847 in Q3 of 2014. The company has also posted a net loss of $1,079,584 for the quarter, against a net loss of $51,526 in…
This past week at FindBiometrics: Financial Biometrics Month continued as we examined the benefits of biometric banking and released new videos from the recent Money20/20 conference. In the news we saw novelty, innovation and diversity when reporting on new products and integrations, while Q3 2015 reports kept trickling in. Here is a look back on…
Enterprise staff health specialist Caradigm has added electronic prescribing of controlled substances (EPCS) to its Identity and Access Management (IAM) portfolio, the company has announced. Caradigm EPCS is designed with the aim of ensuring that that all federal and state EPCS requirements are met, ensuring healthcare practitioners can electronically prescribe medication with confidence that they…
BIO-key International has completed a major new investment and licensing deal, the company has announced. The agreement was made between the company and parties affiliated with the China Goldjoy Group, formerly known as World Wide Touch Technology (Holdings) Ltd (WWTT), as well as a CGG subsidiary and another investor. The major component is BIO-key’s purchase, at…
“There is some reason for optimism about the company’s results. In Q2, BIO-key saw revenues of almost $2.3 million, a huge increase above Q2 2014’s $402,879.” Fingerprint biometrics technology developer BIO-key will issue its third quarter fiscal results on November 16th, the company has announced. The company will also host a conference call that same…
Microsoft is launching a 12-city event series promoting its new Windows 10 operating system and Office 2016 software, and BIO-key will be joining it as the company’s exclusive biometric solutions partner. BIO-key’s main role will be to showcase the biometric capabilities of Windows 10’s Windows Hello security platform, and it’s going to do so via…
Fingerprint biometrics technology company BIO-key has raised $8.4 million through a major new investment deal, the company has announced. The deal entails the issuance of Series A-1 Convertible Preferred Stock to a Hong Kong investor specializing in security technologies. As part of the deal, the investor will appoint one member to the company’s board of directors,…
Last week at FindBiometrics we continued our featured focus on biometrics in education while the industry news was filled with fingerprints, voter ID, access control and impressive Q2 financial updates. Here is a look back on the week in identity management: Education As students in North America prepare to head back to school, we at…
BIO-key has scheduled a conference call for the announcement of its Q2 results. The call will be broadcast live online at 10am on Friday, August 14th. In announcing the call, BIO-key made no comment on what the second quarter results are going to look like. But the company has previously indicated it has high expectations…
Though biometrics serve to bring an incredible amount of benefits to the healthcare industry, the gigantic risk associated with health data has served as a barrier preventing the kind of explosive traction we’ve seen in say, the payment solutions market. That having been said, biometric healthcare solutions are being used every day to shorten diagnosis…
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…
BIO-key International has announced its quarter one results, painting a picture of a company positioning itself for the year. While BIO-key has been keen to build its business relationships, it posted losses exceeding those of a year ago. More specifically, the company posted a net loss of $924,000, a substantial increase over its losses of…