BIO-key Awarded $800K Follow-On Order for Biometric Use

HOLMDEL, N.J., Nov. 06, 2023 (GLOBE NEWSWIRE) — BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer identity and access management (IAM) solutions featuring Identity-Bound Biometrics (IBB) for phoneless, tokenless, passwordless and phish-resistant authentication experiences, announced that one of the world’s most respected government defense ministries has selected and awarded BIO-key a follow-on order of $800K USD for biometric use.

What does this mean for BIO-key?

This follow-on order is a significant milestone for BIO-key, showcasing the trust and confidence placed in their cutting-edge biometric solutions. The recognition from one of the world’s most respected government defense ministries further solidifies BIO-key’s position as a global leader in the IAM industry.

How does this impact the world?

The increased adoption of BIO-key’s biometric solutions by government defense ministries signifies a growing trend towards more secure and reliable authentication methods. By implementing Identity-Bound Biometrics, organizations can enhance their security measures and protect sensitive data from cyber threats.

How does this news affect me?

As a consumer, this news highlights the importance of using secure authentication methods to safeguard personal information. BIO-key’s biometric solutions offer a convenient and secure way to access digital services without the need for passwords or other vulnerable authentication methods.

Conclusion

Overall, BIO-key’s $800K follow-on order for biometric use is a testament to the effectiveness and reliability of their IAM solutions. With a focus on enhancing security and improving user experiences, BIO-key continues to innovate in the field of biometrics, setting new standards for authentication technology.