BIO-key International, Inc. reports developments in identity and access management software, biometric authentication technology, and related security hardware. The company’s updates center on cloud-hosted and on-premise PortalGuard IAM, biometric-centric multi-factor authentication, Passkey:YOU, and devices such as Pocket 10 Finger Scanners and Mobile POS Pro. Customer news includes software license renewals, public-sector channel partnerships, defense deployments, and retail-bank biometric identification programs.
Financial and corporate updates also cover operating results, revenue contributions from services, license fees, and hardware, Nasdaq listing compliance, periodic-report timing, and share-structure actions such as the company’s 1-for-10 reverse stock split.
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.
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.
BIO-key International, Inc. (NASDAQ: BKYI) will sponsor and exhibit at the 2021 Connect:ID Identity Conference in Washington, DC on October 5-6. The company will showcase its Identity-Bound Biometric solutions and participate in Q&A sessions. Key executives, including Chairman and CEO Michael DePasquale, will speak at various agenda sessions, discussing the future of identity management and biometric solutions. The conference aims to explore government policies and technological advancements impacting identity verification and security.
BIO-key International (NASDAQ: BKYI) has won the 2021 CyberSecurity Breakthrough Award for its PortalGuard Identity-as-a-Service (IDaaS) platform, recognized as the Access Management Solution of the Year. With over 20 years of experience, the platform offers flexible authentication solutions, including multi-factor authentication and Identity-Bound Biometrics, aiming to enhance security and user experience. The awards program, conducted by CyberSecurity Breakthrough, received over 4,000 nominations globally, highlighting the importance of flexible cybersecurity solutions in today’s business landscape.
BIO-key International has launched a new lineup of FIDO2 cryptographic security keys, enhancing its Identity and Access Management (IAM) solutions. This compliance with the FIDO2 authentication standard addresses security concerns like password theft and phishing. The keys offer various connectivity options, including USB-A, USB-C, and NFC, while allowing biometric verification. The move expands BIO-key's authentication methods in its PortalGuard IAM platform, supporting Multi-factor Authentication (MFA) and Single Sign On (SSO). These offerings aim to give customers a competitive alternative in the market.
BIO-key International (BKYI) has launched a Master Agent Referral Partner Program in partnership with Intelisys, enhancing their Identity and Access Management (IAM) solutions. This initiative aims to broaden BIO-key's channel ecosystem and create new revenue opportunities. The collaboration includes the offering of the PortalGuard Identity-as-a-Service (IDaaS) platform, which enhances enterprise IAM strategies. Full operational status is anticipated within the current quarter, marking a significant step in BIO-key’s growth strategy.
BIO-key International (BKYI) announced that the University of Denver has selected its PortalGuard IAM platform to enhance access security for their applications. This move aims to unify security measures and simplify user access for approximately 12,000 students. PortalGuard's features include Single Sign-On capabilities and integrated self-service functionalities, meeting DU's needs for flexibility and scalability. The partnership is seen as a validation of BIO-key's value within higher education, addressing critical cybersecurity compliance requirements.
BIO-key International (NASDAQ: BKYI) announces its selection by Florida's Orange County Supervisor of Elections Office to implement its PortalGuard Identity and Access Management platform. This update enhances security for accessing voter data via multi-factor authentication (MFA) methods, building on previous deployments of BIO-key's biometric solutions. The choice highlights PortalGuard's support for various authentication methods and emphasizes the need for secure access in shared workstation environments during election cycles.
BIO-key International (NASDAQ: BKYI) has launched the EcoID II, a compact fingerprint scanner designed for effective identity verification in various environments. This device utilizes advanced scanning technology and NIST-tested algorithms, enhancing user experience and security against credential phishing. The EcoID II integrates seamlessly with BIO-key’s Multi-factor Authentication and offers Windows Hello functionality for users without needing costly upgrades. Available through Amazon and partner channels, it aims to meet the growing demand for biometric authentication.
BIO-key International (NASDAQ: BKYI) has launched the MobilePOS Pro, a handheld biometric-enabled Android Point of Sale terminal. This device features an FBI-certified fingerprint scanner, thermal printer, 5MP camera, and supports multiple connectivity options. MobilePOS Pro is designed for secure transactions in banking, healthcare, and social services, thereby reducing fraud risks. The product is available for immediate shipment and has already been deployed in Africa. This advancement signifies BIO-key’s commitment to enhancing mobile POS transactions through biometrics.