BIO-key(R) Selected as 2009 Industry Innovator in Biometrics by SC Magazine
WALL, N.J., Dec. 9 /PRNewswire-FirstCall/ — BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in finger-based biometric identification solutions, today announced that SC Magazine, one of the world’s most respected security publications, named BIO-key International the 2009 Innovator of the Year in the Access Control sub-category Biometrics.
According to Peter Stephenson, technology editor, SC Magazine, “Biometric providers have been trying for years to get the formula for effective biometrics working – at a reasonable price. This year’s selection may have gotten the recipe right though. BIO-key International has attacked two major problems with biometrics: cost and accuracy.”
“This innovator has combined a unique technology with a creative go-to-market strategy. They have focused not on selling hardware, but on providing the best biometric software, a secure infrastructure for integrating biometrics into the enterprise, and the vision to integrate fingerprint biometrics into the application level. We selected BIO-key International for its technology and its creative business practices. These guys are the ones to compete with. For now, anyway, they own their market space,” continued Stephenson.
“It is great to be recognized by SC Magazine, the world’s leading industry magazine for IT security professionals. This recognition validates our business model and belief BIO-key has the world’s most accurate and scalable finger biometric technology. As the biometric market continues to fully emerge, we believe our long and sustained investment in technology, our premier biometric customers and our licensing and reseller business model provide us with the opportunity to be a high-margin growth business,” said Mike DePasquale, CEO of BIO-key.
BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions to commercial and government enterprises, integrators, and custom application developers. BIO-key’s award winning, high performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise applications. Our solutions are used in local embedded OEM products as well as some of the world’s largest identification deployments to improve security, guarantee identity, and help reduce identity theft. BIO-key’s technology is offered directly or by market leading partners around the world. (http://www.bio-key.com)
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, 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, 2008 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 also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Contacts: BIO-key International, Inc. --------------------------- Bud Yanak 732-359-1113
SOURCE BIO-key International, Inc.