“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.” –…
![MWC 2019: BIO-key’s Jim Sullivan on the Rise of Passwordless Authentication [Audio]](https://16sp2o45qs973i2kpolavg37-wpengine.netdna-ssl.com/assets/MWC19-BIO-key-1-e1551379364470-620x350.png)
FindBiometrics is reporting live from Barcelona this week, bringing you the most important biometrics and identity news straight out of Mobile World Congress 2019. This year, thanks to the high profile launch of Samsung’s in-display fingerprint biometrics on its new Galaxy S10 flagship smartphone, fingerprint recognition is enjoying the spotlight at this year’s show, and…
“While Asia is an important source of growth – we are really seeing our business expand on a global basis.” – Mike DePasquale, CEO, BIO-key Biometrics specialist BIO-key has won a big new contract in the Asia market, with CEO Mike DePasquale discussing the deal on the Uptick Newswire Stock Day Podcast. Speaking to host…
Biometric technology offers a wide range of applications, and has helped to fuel huge technological innovations in areas like mobile devices and financial services. Now, it’s starting to make a big impact in the world of healthcare, with a burgeoning market expected to grow considerably in the coming years. One forecast from last year, for…
“The technology is expected to ultimately be used by the full 38,500-member roster of the Singapore Police Force, the company indicated.” BIO-key has announced that it has another new high-profile client: The Singapore Police Force will use its biometric authentication technology to control access to secure information. The police agency is already using Active Directory…
“When an organization of this magnitude migrates to biometric authentication it establishes another milestone for the adoption of biometric technology for the enterprise.” – Mike DePasquale, CEO, BIO-key A recent regulatory framework has helped to land BIO-key another big customer, with the company announcing that a ‘global aerospace defense contractor’ has opted to implement its…
“The RallyPoint/IdenitiMetrics solution, including BIO-key’s finger matching technology, securely connects loved ones and will thereby have an immediate and positive impact in emergency situations.”- Mike DePasquale, CEO, BIO-key A new trilateral partnership is aimed at using biometrics to help keep kids safe during emergency situations at schools. The principals with respect to biometric technology are…
“… BIO-key has announced new TouchLock Carabiner locks offering extra-tough security for bikes, scooters, and motorcycles; and a ‘Smart Commercial Lock’ solution called the SCL System, which is meant for industrial and commercial use.” With the year’s biggest show in consumer technology about to get underway, BIO-key is preparing to debut its latest biometric lock…
“We are grateful to Imperial for inviting us to participate at the conference over the past several years as we’ve found it to be a great platform to expand awareness of BIO-key’s secure solutions and extend our strategic relationships.”- Mike DePasquale, CEO, BIO-key BIO-key CEO, Mike DePasquale, will deliver a presentation at the 15th annual Imperial…
“Our outlook for the remainder of 2018 is supported by initiatives we have in place, as well as multimillion dollar software orders we expect to complete imminently.” – Mike DePasquale, CEO, BIO-key BIO-key has issued its fiscal results for the third quarter ended September 30th. The quarter brought in revenues of $739,750, compared to revenues of…
“BIO-key said that the orders are expected to bring in $5 million in revenues in the current quarter, with the remainder to arrive in the next 12 months.” BIO-key has received a couple of big new orders for its biometric authentication solutions, totaling over $10 million, the company has announced. The orders are from two…
“The U.S. launch of our TouchLock Bike padlock line via Amazon builds upon the excitement and sales momentum we have already initiated in Asia. We are excited to extend the reach of this product into the U.S. where we are optimistic about the sales prospects for the upcoming holiday season.” – Mike DePasquale, CEO, BIO-key…