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Follow on Google News | BIO-key Reports Mobile and New OEM Revenue GrowthStrategic Plan provides complete OEM authentication ecosystem from device to cloud
By: BIO-key International, Inc. Following the launch of its Strategic Development Agreement with InterDigital Corporation (IDCC), BIO-key entered collaborative development efforts with Advanced Micro Devices (AMD) and Trustonic. The Company expanded the capabilities of its NIST-validated Vector Segment Technology algorithm to include full size, small area and swipe sensors. The Company licensed the technology to sensor manufacturers for delivery with their sensor hardware, resulting in growth in 2014 revenue. The solutions provide secure user authentication on the device or in the network and cloud, offering the best-in-class combination of user-convenience and security without sacrificing one for the other. As a result, BIO-key is now uniquely capable of delivering fast and accurate fingerprint identification and verification on an OEM basis for any size fingerprint sensor produced for the Mobility, Identity & Access Management (IAM) and Internet-of- “BIO-key is delivering technology to sensor manufacturers that enables them to offer solutions to meet the wide spectrum of secure authentication options their tier one OEMs require,” said Jim Sullivan, BIO-key’s Vice President of Strategy and Business Development. “Rather than placing security, convenience and interoperability at cross purposes, our customers can utilize BIO-key’s flexible algorithm suite for everything from small sensor and in-device matching to highly secure, robust matches in the context of a security-sensitive use case. Our proven interoperable algorithm accommodates our customers’ sensor technologies as they evolve over time between swipe and area, capacitive and thin film approaches. BIO-key is unique in serving this full range of use cases.” “It is clear that no single company has deployed a commercially viable mobile fingerprint solution that can be considered secure without compromising user experience” stated Mike DePasquale, BIO-key Chairman and CEO. “Through our partnerships, we have developed a true end-to-end platform that provides highly accurate fingerprint matches on any device or in any network or cloud. We are also working to include software to detect ‘liveness’ About 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- BIO-key Safe Harbor Statement Certain statements contained in this press release and in other public statements by the Company and Company officers include or may contain certain forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future financial position, business strategy and plans and objectives of management for future operations, are forward-looking statements. The words “anticipate,” End
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