National Defense/Aerospace Contractor Selects BIO-key’s PortalGuard to Solve Identity and Access Management Challenges Across its Business and Manufacturing Use Cases

WALL, N.J., July 27, 2020 (GLOBE NEWSWIRE) — BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, today announced that Fore Aero, a manufacturer of flight safety and support parts for national defense and aerospace markets, has selected BIO-key’s PortalGuard IAM platform to address their secure authentication requirements. The customer found PortalGuard to be the most secure, flexible, user friendly, and cost-effective solution of the several they had vetted.
As a government contractor, Fore Aero was seeking a multifactor authentication solution to enhance security and meet federal requirements. The core requirement was to integrate a flexible and secure multifactor authentication solution to support its Windows 10 workstations. Additionally, Fore Aero needed to authenticate users on its manufacturing floor, which has no internet access, ruling out vendor applications that require users to receive push authentication messages on their smartphone.To solve this issue throughout the department, Fore Aero had deployed hard tokens, which along with OTP, cards, password, and biometrics are all supported within the PortalGuard IAM platform. This broad range of multifactor support provides flexibility to easily adjust authentication methods to meet specific user access scenarios across a variety of use cases within a customer enterprise.“Our R&D Engineering team takes great pride in developing IAM solutions that meet the unique security challenges of every customer environment,” stated Mark Cochran, President, PortalGuard. “Our team understands that each customer’s security infrastructure requires a layer of flexibility and customization to mitigate risk and incorporate best practices.  PortalGuard IAM solutions deliver an affordable yet customizable solution, including capturing the organization’s branding within our authentication modules. Our goal is that our IAM solutions become a frictionless and seamless part of the end-user experience while maintaining the highest security standards.”About BIO-key International, Inc. (www.bio-key.com)
BIO-key is revolutionizing authentication with biometric centric, multi-factor identity and access management (IAM) solutions that provide convenient and secure access to devices, information, applications and high-value transactions. BIO-key’s proprietary software and hardware solutions enable large-scale on-premise and Identity-as-a-Service (IDaaS) solutions as well as customized enterprise and cloud solutions.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; our ability to integrate the operations and personnel of PistolStar into our business; 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.Investor & Media Contacts
William Jones, David Collins
Catalyst IR
212-924-9800
bkyi@catalyst-ir.com