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BIO-key International, Inc. - BKYI STOCK NEWS

Welcome to our dedicated page for BIO-key International news (Ticker: BKYI), a resource for investors and traders seeking the latest updates and insights on BIO-key International stock.

BIO-key International, Inc. (OTCQB: BKYI) is a leading provider of biometric software and hardware authentication solutions for enterprises and consumers alike. Established in 1993, BIO-key has become a trusted name, servicing diverse sectors including Fortune 500 companies, government agencies, healthcare organizations, call centers, schools, retailers, and OEM partners.

BIO-key's product portfolio includes advanced fingerprint biometric identification and identity verification technologies, with popular offerings such as SideSwipe, SidePass, EcoID, and WEB-key. The company's innovative solutions ensure secure and seamless access management, making them a preferred choice for high-security requirements.

In 2016, BIO-key introduced a series of compact fingerprint readers designed for compatibility with Windows Hello. These readers are not only affordable but also easy to install and use, available through major retailers like Amazon, Microsoft, and Dell.com. The company further expanded its consumer reach by launching a series of biometric padlocks at the Consumer Electronics Show in 2017. Their product, TouchLock, received significant acclaim, being featured on over 30 morning television shows.

BIO-key continues to innovate with its 'Biometric of Things' (BoT) initiative, aiming to create a range of biometrically enabled, consumer-friendly products. The company’s focus on the power of a touch drives their mission to enhance security and user experience across various applications.

Financially, BIO-key generates revenue through services, license fees, and other streams. The company remains committed to partnerships and collaborations that expand their market presence and technological capabilities.

One notable partnership is with Humanity International Investments, under the chairmanship of His Highness, Sheikh Marwan bin Mohamed bin Rashid Al Maktoum. This strategic collaboration has led to the launch of the Humanity Protocol, a blockchain-based economic empowerment initiative. The project leverages BIO-key’s biometric palm scan technology to authenticate identities, enabling individuals, particularly in Africa, to claim their digital footprint through Non-Fungible Tokens (NFTs). With over 15,000 palm scans and plans to verify more users, the initiative marks a significant step forward in integrating biometric technology with blockchain for identity verification.

Overall, BIO-key International, Inc. is at the forefront of revolutionizing digital identity and access management, ensuring secure, user-friendly authentication solutions for millions worldwide.

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BIO-key International, Inc. (BKYI) announced that Orange Bank & Trust Company has selected its PortalGuard® Identity-as-a-Service (IDaaS) platform, including WEB-key biometric authentication, to enhance security for enterprise applications. Orange Bank, with $1.9 billion in total assets, aims to streamline access management across multiple locations with advanced multi-factor authentication options. This partnership is expected to increase security flexibility and improve user experience while reducing IT resource costs.

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BIO-key International reported Q3 2021 revenues of $1.3M, a 38% increase from $943K in Q3 2020, driven by a rise in license fee revenues. Despite a net loss of $1.0M, the company improved its operating loss by 9% to $1.0M. The transition to cloud-based solutions is gaining momentum, contributing to an estimated 80% recurring revenue from software subscriptions. However, the outlook for full-year 2021 revenue has been revised downward to $5.5M-$7M due to delays in large-scale projects in Africa. The company maintains a strong cash position with no debt, ending Q3 with $9.6M in cash.

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BIO-key International, Inc. (NASDAQ: BKYI) will host a conference call on November 16, 2021, at 10 a.m. ET to discuss its Q3 2021 results, which will be released after market close on November 15th. Key officials, including Chairman Mike DePasquale and CFO Cecilia Welch, will participate. Investors can access the call via a dial-in number or through a live webcast, which will also be available for replay for three months. BIO-key specializes in identity and access management solutions, leveraging biometric technology.

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BIO-key International, Inc. (NASDAQ: BKYI) announced the addition of Cyberlitica to its Channel Alliance Partner Program, enhancing its cybersecurity capabilities. Cyberlitica specializes in advanced cyber threat intelligence and aims to help organizations combat cyberattacks through a comprehensive suite of products. This partnership facilitates a holistic approach to cybersecurity, addressing key functions outlined by NIST, including identification, protection, detection, response, and recovery. BIO-key’s PortalGuard platform further enhances security by reducing IT support calls and improving productivity.

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BIO-key International has been selected by Oklahoma Wesleyan University (OKWU) to implement its PortalGuard Identity-as-a-Service (IDaaS) platform. This collaboration aims to enhance identity and access management for over 200 higher education institutions across the U.S. The PortalGuard solution features Multi-Factor Authentication, Self-Service Password Reset, and Single Sign-On capabilities, promising improved security and user experience. Mark Cochran, President of BIO-key, highlighted the platform's ease of installation and integration, underscoring its rapid deployment and value in organizational security.

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BIO-key International (NASDAQ: BKYI) has achieved Great Place to Work certification for the first time, with 88% of employees affirming it as a great workplace—29 points higher than the U.S. average. This accolade, based on employee feedback, indicates a strong workplace culture. The certification highlights the company’s commitment to employee experience, which is essential for retaining top talent and improving client service. Additionally, Great Place to Work certified companies experience higher employee satisfaction and fairness in pay and promotion opportunities.

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BIO-key International (NASDAQ: BKYI) will exhibit at the 2021 Channel Partners Conference and Expo in Las Vegas from November 1-4. As the first IAM supplier in the Master Agent Referral Partner Program, BIO-key will participate at the Intelisys booth (#1855). This event will provide opportunities for networking and expanding their Channel Alliance Partner Program. Attendees can learn about BIO-key's PortalGuard IAM platform, which offers features to enhance business revenue and cybersecurity.

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BIO-key International (NASDAQ: BKYI) announced participation in the 2021 EDUCAUSE Annual Conference from October 26-29 at the Pennsylvania Convention Center. They will showcase the award-winning PortalGuard IAM platform, addressing key cybersecurity challenges in higher education, including password elimination and remote learning security. The event highlights growing cybersecurity threats as many institutions face increasing phishing and ransomware attacks. BIO-key aims to assist over 200 higher education institutions in enhancing their security frameworks.

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BIO-key International, Inc. (NASDAQ: BKYI) will participate as a bronze sponsor at the NASCIO Annual Conference from October 10-13 in Seattle, WA. The event focuses on cybersecurity, which is the top concern for state governments facing threats like ransomware and data breaches. BIO-key aims to connect with state CIOs to discuss IAM solutions, including their award-winning PortalGuard IDaaS platform. With over two decades of expertise, BIO-key provides biometric-centric IAM solutions aimed at enhancing identity security in the public sector.

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FAQ

What is the current stock price of BIO-key International (BKYI)?

The current stock price of BIO-key International (BKYI) is $0.88 as of November 22, 2024.

What is the market cap of BIO-key International (BKYI)?

The market cap of BIO-key International (BKYI) is approximately 2.6M.

What does BIO-key International, Inc. do?

BIO-key is a provider of biometric software and hardware authentication solutions for enterprises and consumers, offering products like fingerprint readers and identity verification technologies.

When was BIO-key International, Inc. established?

BIO-key was established in 1993.

Who are BIO-key's customers?

BIO-key's customers include Fortune 500 companies, government agencies, healthcare organizations, call centers, schools, retailers, and OEM partners.

What are some popular products offered by BIO-key?

Some popular products include SideSwipe, SidePass, EcoID, WEB-key, and biometric padlocks like TouchLock.

What is the 'Biometric of Things' (BoT) initiative?

The BoT initiative aims to create biometrically enabled, consumer-friendly products that enhance security and user experience.

How does BIO-key generate revenue?

BIO-key generates revenue through services, license fees, and other streams.

What is the Humanity Protocol?

The Humanity Protocol is a blockchain-based economic empowerment initiative that uses BIO-key's biometric palm scan technology for identity verification, allowing individuals to claim their digital footprint through NFTs.

Who are BIO-key’s strategic partners?

One notable strategic partner is Humanity International Investments, led by His Highness, Sheikh Marwan bin Mohamed bin Rashid Al Maktoum.

Where can BIO-key products be purchased?

BIO-key products can be purchased through major retailers like Amazon, Microsoft, and Dell.com.

What type of biometric technology does BIO-key specialize in?

BIO-key specializes in fingerprint biometric technology for identification and identity verification.

BIO-key International, Inc.

Nasdaq:BKYI

BKYI Rankings

BKYI Stock Data

2.63M
2.93M
5.58%
9.26%
27.83%
Security & Protection Services
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United States of America
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