By: Matt Rego
BIO-key International, Inc. (OTCQB: BKYI) is seeing shares rally around 8.33% in the early trading hours of June 9, 2016 on heavy volume. The fingerprint biometric id software company has seen average daily volume of around 67,766 shares over the past three months. However, BIO-key International, Inc. (OTCQB: BKYI) has seen over 750,171 shares or $193,634 in dollar volume exchange hands today.
There is no company-specific news out that is driving shares of BIO-key International, Inc. (OTCQB: BKYI) higher as of the early trading hours of June 9th.
About BIO-key International, Inc. (OTCQB: BKYI):
BIO-key International, Inc. develops and markets fingerprint biometric identification and identity verification technologies, cryptographic authentication-transaction security technologies, and related identity management and credentialing software solutions. Its solutions enable application developers, value added resellers, and channel partners to integrate fingerprint biometrics into their application. The companys products include Vector Segment Technology SDK, a biometric software development kit that provides developers the ability to incorporate its biometric capabilities into their respective product offerings or infrastructure; Intelligent Image Indexing, a biometric identification solution that offers one-to-many and one-to-one user identification; and Biometric Service Provider, which provides support for the BioAPI for a compliant interface to applications using biometrics for verification and identification. Its products also comprise ID Director, a solution for single sign on integration with CA Technologies SiteMinder, Oracles Fusion Middleware SSO, IBM Tivoli Access Manager, and other solutions; and WEB-key, an authentication-transaction security technology to conduct identification and identity verification transactions in insecure environments, such as the world wide Web or off-site cloud environments. It also sells third-party hardware components. The company markets its products through its direct sales force of professionals, as well as through resellers, integrators, and partner networks to government and corporate customers primarily in North America. The company was formerly known as SAC Technologies, Inc. and changed its name to BIO-key International, Inc. in 2002. BIO-key International, Inc. was founded in 1993 and is headquartered in Wall, New Jersey.
In addition, here is a recent press release detailing of the company’s fingerprint id technology partnership with Amazon, Inc. (NASDAQ: AMZN):
SideSwipe & EcoID USB Fingerprint Readers Operate Natively on Windows Hello
WALL, NJ — (Marketwired) — 05/16/16 — BIO-key International, Inc. (OTCQB: BKYI), an innovative provider of biometric software and hardware solutions for stronger user authentication, today announced the availability of its affordable and compact SideSwipe and EcoID USB fingerprint readers on Amazon.com. The readers, initially available in a three-pack configuration for $119.97, are targeted to enterprise customers. The arrangement with Amazon allows for volume fulfillment of BIO-key products, in a streamlined, cost effective manner via a leading ecommerce retailer.
Visit the Amazon product page: http://www.amazon.com/BIO-key-HW-3000TRI3-SideSwipe/dp/B01EZ3FYOO?ie=UTF8&redirect=true
SideSwipe and EcoID are natively supported within the Microsoft Windows Hello biometric sign-in platform, as well as Microsoft Passport, allowing customers to sign in to web-hosted and local applications with a touch of their finger.
Microsoft Hello, which delivers on the promise of effortless authentication, is one of the most significant and popular enhancements in Windows 10. However, the majority of upgrading users do not have biometric readers that enable the user-friendly Hello experience. BIO-key fingerprint scanners provide high quality and attractively priced hardware to enable the Hello and Passport functionality.
“Interest in our ‘plug and play’ compact fingerprint readers has been remarkable. We’re receiving inquiries across a broad spectrum of enterprise customers, which include small to midsize organizations along with Fortune 500 companies,” said Mike DePasquale, Chairman & CEO. “Regardless of the organization’s size, today’s enterprise customers recognize the need to increase the security of their IT assets. Addressing this fundamental need, Microsoft has opened the door for Windows 10 customers to leverage biometric authentication with the introduction of Windows Hello, and to date over 300 million copies of Windows 10 are already in use. BIO-key is committed to helping accelerate the growth of the emerging biometric marketplace. Partnering with Amazon allows us to address growing enterprise interest while also positioning us to serve the consumer market as it evolves.”
Learn More about Integrating BIO-key Hardware and Software with Microsoft Identity Solutions BIO-key is working to educate the enterprise market about the native support of biometric sign-in within Windows Hello, Passport and Active Directory. The company has published a variety of content on its website to explain and illustrate BIO-key hardware and software integration with the Microsoft Identity solutions used by nearly all enterprises and consumers around the world. This information can be accessed by visiting http://bio-key.com/products/windows-10-hello-active-directory.
About BIO-key (www.bio-key.com)
BIO-key is revolutionizing authentication as our easy to use biometric solutions enable convenient and secure access to information and financial transactions. We eliminate passwords, PINs, tokens and cards and make it easy for enterprises and consumers to secure their devices as well as information in the cloud. Our premium finger scanning devices SideSwipe and EcoID offer market-leading quality, performance and price.
BIO-key Safe Harbor Statement Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue, our ability to develop new products and evolve existing ones, market acceptance of biometric solutions generally and our specific offerings, our ability to expand into the Asian market, the impact on our business of the recent financial crisis in the global capital markets and negative global economic trends, and our ability to attract and retain key personnel. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, Inc., see “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made.