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Stock impact report

BIO-key Receives $1.5M Pre-Paid, Two-Year Software Subscription Order for its Biometric Identification Platform [Yahoo! Finance]

BIO-key International, Inc. (BKYI) 
NASDAQ:AMEX Investor Relations: bio-key.com/investors
Company Research Source: Yahoo! Finance
customer Identity and Access Management (IAM) software infrastructure featuring passwordless, phoneless and token-less Identity-Bound Biometric (IBB) authentication solutions, announced that a long-term financial services customer has executed a two-year, pre-paid $1.5 million agreement for the ongoing use and expanded deployment of BIO-key's biometric customer identification technology. The agreement follows continued strong growth in client enrollments by the customer over eight years since its first deployment. The BIO-key system streamlines and enhances security for the client identification process for over 25 million clients and contemplates approximately 12% annual growth in users over the next year. BIO-key's enhanced biometric technology automates and streamlines the positive identification of customers at various contact points within its branches. BIO-key's solution was originally selected following exhaustive testing to confirm both accuracy, scalability and scanner inte Show less Read more
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