24/7 Market News- BIO-key Awarded $500K Follow-On Orders for Biometric User Authentication from Defense Ministry

September 10, 2024

DENVER, Colo., Sep 10, 2024 (247marketnews.com)- BIO-key International (NASDAQ: BKYI) stated that it was awarded over $500K in new orders for its biometric user authentication solution pursuant to a three-year purchasing agreement from a government defense ministry.

BIO-key’s SVP Strategy and Chief Legal Officer, Jim Sullivan, commented, “BIO-key’s relationship with this innovative customer continues to expand, as does interest from the defense vertical in general. This is one of the most discriminating buyers of security technology worldwide. It is an honor to be trusted to provide the highest level of security possible by biometrically ensuring only the right user accesses the most sensitive information. BIO-key has a long history providing secure, robust solutions in government, defense, finance, retail and other highly-regulated industries, and we are finding that our superior user experience and cost-saving tokenless solution translates well to enterprise authentication.”

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