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…
“We believe BIO-key’s unique, cost effective blend of software and hardware biometric solutions represents a very attractive option for all jurisdictions seeking to enhance the security of their electoral process.” BIO-key is going into politics: The company has announced that its biometric technology has been embraced by two County Election Boards in Florida to improve…
“…the bank will use BIO-key’s PIV-Pro fingerprint scanner, a FIPS 201-compliant device, for computer access; and that will be facilitated via BIO-key’s ID Director software, which is designed to integrate with Microsoft’s Active Directory platform to enable biometric authentication on Windows.” A New York-based bank has opted for biometric security from BIO-key, the company has…
“The user can scan their fingerprint directly on the TouchLock Bike Pro, or perform a fingerprint scan on their smartphone via the TouchLock app, or even use the app to authenticate with facial recognition via a selfie image.” BIO-key is going to unveil a new biometric lock product this week at the Luxury Technology Show…
BIO-key has a new Chief Revenue Officer, the company has announced. Fred Corsentino comes to the company with notable sales experience, having served as the Chief Revenue Officer of Comodo, a New Jersey-based provider of a digital security platform; and having launched a consulting firm called The Sales Leader Association. Corsentino also worked in a…
BIO-key‘s share offering did better than expected, bringing in gross proceeds of $2.1 million. The move was announced last week, with BIO-key putting forward an underwritten offering of 1,200,000 shares of common stock together with warrants to purchase up to 900,000 more. The offering was closed on August 24th, with BIO-key announcing that it had…
BIO-key is looking to raise some capital with a new share sale. The company has announced an underwritten offering of 1,200,000 shares of common stock, together with “warrants to purchase up to an aggregate of 900,000 shares” of common stock at a price of $1.50 per share, according to a statement. The warrants can be…
BIO-key didn’t see as much business in the second quarter as its leadership had anticipated, but its net loss has improved in the company’s latest fiscal update. Revenues for the quarter came in at $748,141, down from $886,881 in Q2 of 2017. In a statement announcing the results, BIO-key said the decline was “due principally…
“It’s gratifying to secure another large international telecom customer who recognizes the value of our solutions for enhancing the security of customer data accessed by call center personnel.” -Mike DePasquale, CEO, BIO-key Peruvian telecommunications company Claro has opted to use BIO-key technology for its in-house security, leveraging biometrics to secure customer data. BIO-key has announced…
“Our retail accounts look to Aluratek to bring them innovative products rooted in cutting edge technology and design. We are pleased to launch our relationship in Best Buy and look forward to expanding BIO-key’s retail footprint over the remainder of 2018.” – John Wolikow, CEO, Aluratek BIO-key International announced today its latest partnership aimed at…
“Accurate and efficient one-to-many biometric identification is the cornerstone of secure identity and authentication services.” – Mira LaCous, CTO, BIO-key BIO-key has been awarded a patent for a key component of its technology portfolio. Entitled, “Adaptive Short Lists and Acceleration of Biometrics Database Search,” US Patent 10,025,831 covers an iterative search system, in which a database…