BIO-key has issued its Q3 update for 2019, with CEO Mike DePasquale detailing why the company is on solid footing for long-term success despite a dip in revenues. The company’s Q3 2019 revenue came in at $452,714, compared to revenues of $739,750 in the third quarter of 2018. The company attributed the drop to a…
The Technology Transfer Institute of Africa (TTI) is the latest addition to BIO-key International’s Channel Alliance Partner (CAP) program. First launched in September, the CAP program is geared towards resellers and security providers in an effort to build a distribution network for BIO-key’s entire portfolio of biometric security solutions. The partnership with TTI is specifically…
Biometrics News – Fingerprint Recognition The biometric authentication specialist BIO-key International has announced that it will be displaying its wares as an exhibiting partner at the upcoming Microsoft Ignite technology conference. The event will run from November 4-8 at the Orange County Convention Center in Orlando, Florida, where guests will be able to find BIO-key…
BIO-key has long been one of the most prominent providers of biometric authentication solutions for the enterprise. Specializing in compact fingerprint reader solutions that can be plugged into any computer or other device with a USB port, and offering sophisticated identity software to support large-scale deployments, BIO-key operates across a wide range of industries and…
“In this environment, any device could contain confidential information that might be considered harmful if it were to get into the wrong hands and potentially put our country at great risk.” – Mike DePasquale, CEO, BIO-key BIO-key‘s biometric authentication solutions are now helping to secure the digital assets of employees in the legislative branch of…
“Clearly, the most effective way for BIO-key to address the full range of enterprise cybersecurity challenges is by partnering with IT experts that regularly interface with customers and discuss their security issues.” – Mike DePasquale, CEO, BIO-key BIO-key has netted a new customer thanks to a reseller partnership with Applied Technologies. In announcing the deal,…
The FBI made headlines this week with a Private Industry Notice warning partners in the private sector about sophisticated hacks of MFA security systems, and BIO-key is celebrating the Bureau’s recommendations regarding biometric security. The FBI’s alarm over the issue appears to stem from hacking incidents cited in the FBI’s Internet Crime Complaint Center. These…
Biometrics News – Fingerprint Readers “It is vital for the country to maintain the integrity of our election process, which has become increasingly reliant on computers and the Internet, despite the inherent cyber risks.” – Mike DePasquale, CEO, BIO-key Two additional County Election Boards in Florida have opted to use BIO-key‘s biometric technology to help…
“The program will allow participants to offer BIO-key’s full range of biometric solutions to their customers.” BIO-key has launched a new Channel Alliance Partner (CAP) program, the company has announced. The program is aimed at creating a distribution network of security integrators, managed service providers, and VARs to promote BIO-key’s biometric security solutions. The program…
“The client is deploying hundreds of EcoID fingerprint readers across its organization, allowing staff to log into its internal network using BIO-key’s ID Director for Windows authentication software.” BIO-key continues to enjoy a rising profile in the law enforcement sector, with another national police force opting to use its biometric authentication technology to protect internal…
BIO-key has issued its results for the second quarter of 2019, ended June 30th. The results reflect, to some extent, the impact of ongoing trade tensions between the US and China, alongside ongoing progress in BIO-key’s other business activities. Revenues for the quarter came in at $728,383, a slight decline (2.7 percent) against Q2 revenues…
“The benefits of biometric security are becoming abundantly clear, as these latest BIO-key case studies show.” With the need for strong, post-password security now greater than ever, BIO-key is making the case for biometrics with a newly published pair of case studies. One of them concerns First National Bank of Long Island, which decided to…
BIO-key has sold a $3.06 million Senior Secured Convertible Note, the company has announced. The Note was sold to Lind Global Macro Fund, with $2.55 million in proceeds at closing. In a statement, BIO-key explained that the capital raised in the transaction will “be used for general working capital purposes, including repayment of outstanding indebtedness.”…
“We were delighted that such a capable and prestigious technology team determined that BIO-key met their security and scalability requirements and have now made follow-on investments to grow their user base. Defense Ministries are constant targets of cyber-attacks, and we are glad to help them step up authentication to the highest assurance with NIST-verified accuracy…
“Both financial services organizations have embraced BIO-key’s PIV Pro fingerprint readers and ID Director software for employee authentication, using the biometric technology to regulate access to sensitive IT assets.” BIO-key has two new clients in the financial services sector, and the company’s leadership believe it’s a sign of more good things to come. The company…
The escalating trade war between the US and China has made an impact on BIO-key‘s bottom line, the company’s CEO says. The comments came via the fingerprint sensor specialist’s Q1 update for 2019, in which the company saw a $289,832 year-over-year drop in revenues, which came in at $551,623, compared to $841,455 in revenues a…
“Importantly, 2018 marked a significant year of progress for BIO-key both in terms of new business productivity and developing predictable and recurring revenue opportunities for our core biometric software technology for 2019 and beyond.” – Mike DePasquale, CEO, BIO-key BIO-key has changed things up with its latest fiscal update, adopting a new GAAP approach to…
BIO-key has set a date for the publication of its Q4 and 2018 year-end results: They will be disclosed on Monday, April 1st, after market close. The report’s publication will be followed by a conference call the next day, at 10am ET. The company has announced at least a few major deals since its Q3…
“Our customers seek simplified, cost-effective central authentication services that accommodate both roving and single-device users without having to issue and manage tokens or pay personal data plan costs for users to use a personal device for work. The fact that SAML is ubiquitous makes getting more value from a BIO-key investment much more simple.” –…