Las Vegas, NV & Wall, NJ – December 22, 2016 - BIO-key International, Inc. (OTCQB: BKYI), an innovative provider of biometric software and hardware solutions will debut several innovative products that expand its suite of fingerprint biometric solutions at the Consumer Electronic Show (CES) Thursday, January 5th – Sunday January 8th in Las Vegas - Booth #2317 (Hilton, Tech East – Westgate). BIO-key will also host a CES investor briefing Friday, January 6th at 2:00pm PT (details below).
At CES BIO-key will unveil:
FreePass™ a wearable, mobile USB fingerprint reader for Windows that is ideal for users that want to employ biometric security and convenience on multiple devices.
FreePass gives customers the freedom to bring their identity from device to device without entering passwords or PINs.
The TouchLock™ line of fingerprint biometric padlocks, including TouchLock BLE™ a Bluetooth enabled model that can be operated with a smartphone. TouchLock eliminates the need to enter a combination, which can be easily compromised or the need for a key which is inconvenient, especially if misplaced or lost.
TouchLock protects customer’s belongings with the convenience of one touch biometric security.
SidePass™ a compact, square, mobile and durable touch reader for Windows.
SidePass replaces your password or PIN and provides one touch instant access to your device, websites, files and applications using your biometric.
· Q-180 Touch, a Micro USB compatible fingerprint reader for Android devices.
This compact reader for Android is designed to offer a strong layer of security and the convenience of biometric sign-in.
Mike DePasquale, Chairman & CEO, BIO-key, “Our new product introductions build on our initial line of Windows 10 compatible compact fingerprint readers that began shipping in volume this Fall. Seeing the rapid growth in deployment and consumer use of biometrics on smartphones, we committed to developing additional products that would provide consumers with convenient security they can use for daily access to information or to protect physical assets.
BIO-key is using the power, flexibility, ease of use and cost benefits of fingerprint biometrics to solve important business and consumer problems. As the worlds of media, communications and technology increasingly collide – the need for more effective security and authentication systems grows in urgency. CES provides the perfect backdrop to launch our next generation biometric solutions – as each new product line solves security and convenience challenges for consumers as well as the enterprise.”
Kelvin Wong, Managing Director of BIO-key Hong Kong Ltd. added, “Fundamentally, our goal is to create an entire ecosystem of traditional products, used daily by consumers that have been substantially enhanced in their function and security through the addition of our biometric technology. These new offerings combined with our other products, all further our mission of bringing ‘The Power of Touch’ to solutions on a global basis.
“For the hundreds of millions of consumers worldwide that use padlocks in their daily lives – on a suitcase in a storage room or locker – the challenge is remembering and securing the combination or keeping track of and protecting the key. We’ve developed a lock that can be enabled with the owner’s fingerprint and another lock that includes Bluetooth technology and can be opened using your fingerprint on your smartphone.”
CES Investment Community Briefing and New Product Showcase
Investors and interested parties are invited to visit BIO-key’s CES booth (Tech East - Westgate 2317) on Friday, January 6th at 2pm PT. BIO-key’s Chairman & CEO, Michael DePasquale and SVP Sales, Jim Sullivan will lead an informal session which will review the Company’s growth strategy, highlight the new products launching at CES 2017 and provide an opportunity for Q&A. Those planning to attend this session are requested to RSVP to [email protected] with their name, contact information and number of people in their party.
About BIO-key (http://www.bio-key.com)(@BIOkeyIntl)
BIO-key is Revolutionizing Authentication as our easy to use biometric solutions enable convenient and secure access to information and financial transactions. We eliminate passwords, PINs tokens and cards and make it easy for enterprises and consumers to secure their devices as well as information in the cloud. Our premium finger scanning devices SideTouch, SideSwipe and EcoID offer market leading quality, performance and price. Now anyone can BIO-key their world!
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, market acceptance of biometric solutions generally and our specific offerings, our ability to expand into the Asian market, 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, 2015 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 undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made.
Investor & Media Contacts:
David Collins, William Jones