Market Overview

BIO-key Extends Deployment of Biometric Authentication Solution to a West Coast State; Securing Access to Centralized Voter Registration Database

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WALL, N.J., June 23, 2020 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (NASDAQ:BKYI), an innovative provider of biometric authentication and security solutions, today announced its selection by a West Coast State Election Office to deploy BIO-key's authentication solution for secure statewide access to the its voter registration database. BIO-key's solution combines its core biometric software engine, WEB-key along with its PIV-Pro FIPS compliant fingerprint scanners to address the state's requirements for a multi-factor authentication solution. The contract builds upon earlier BIO-key deployments in Florida and other states currently evaluating its election security solution.

State and County election office workers and volunteers access the centralized voter registration system via a Citrix environment. To protect access to voter data and to enhance security for upcoming elections, the state decided to implement a Multi-Factor Authentication (MFA) solution. After evaluating various MFA options, state officials decided that a biometric-based solution would provide the strongest form of online security. The technology will be rolled out to both the state office and all county offices for the 2020 election. 

"BIO-key is emerging as a preferred multifactor authentication solution provider for election offices," stated Mike DePasquale, Chairman & CEO, BIO-key. "Every election office is concerned about security and maintaining the integrity of our election process. This state and county election board leaders have made a clear statement that election security is top priority, and by utilizing biometric authentication they are able to tie access to the individual not a credential. I applaud the way that the state's IT team collaborated with our developers to create a customized solution to meet their security requirements. Moving ahead, we look forward to working with other states and counties to help them raise the bar on election security."

About BIO-key International, Inc. (www.bio-key.com)
BIO-key is revolutionizing authentication with biometric solutions that enable convenient and secure access to devices, information, applications and high-value transactions. BIO-key's software and hardware finger scanning solutions offer secure, user-friendly and attractively priced alternatives to passwords, PINs, tokens and security cards, enabling enterprises and consumers to secure their networks and devices as well as their information in the cloud.

BIO-key Safe Harbor Statement
All statements contained in this press release other than statements of historical facts are "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 not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue; our ability to raise additional capital; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; our ability to execute and deliver on contracts in Africa; our ability to expand into Asia, Africa and other foreign markets; the duration and severity of the current coronavirus COVID-19 pandemic and its effect on our business operations, sales cycles, personnel, and the geographic markets in which we operate; delays in the development of products and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption see "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2019 and 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. Except as required by law, the Company undertakes no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise. Additionally, there may be other factors of which the Company is not currently aware that may affect matters discussed in forward-looking statements and may also cause actual results to differ materially from those discussed. In particular, the consequences of the coronavirus outbreak to economic conditions and the industry in general and the financial position and operating results of our company in particular have been material, are changing rapidly, and cannot be predicted.

Facebook – Corporate:           BIO-key International
Twitter – Corporate:                @BIOkeyIntl
Twitter – Investors:                 @BIO_keyIR
StockTwits:                              BIO_keyIR

Investor & Media Contacts
William Jones, David Collins
Catalyst IR
212-924-9800
bkyi@catalyst-ir.com

 

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