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Leading Government Defense Ministry Awards BIO-key $500K In Follow-On Orders for Biometric User Authentication
Bio-RadBio-Rad(US:BIO) GlobeNewswire News Roomยท2024-09-10 12:27

Core Insights - BIO-key International, Inc. has received over $500K in new orders from a respected government defense ministry for its biometric user authentication solution under a three-year purchasing agreement [1][2][4] - The defense ministry is expanding the deployment of BIO-key's solution to over 33,000 users, indicating a growing interest in biometric authentication within the defense sector [2][4] - BIO-key's platform has been integrated with the ministry's virtual desktop infrastructure, allowing secure biometric authentication without the need for phones or tokens [3][4] Company Overview - BIO-key specializes in identity and access management (IAM) solutions that utilize Identity-Bound Biometrics (IBB) for secure, phoneless, tokenless, and passwordless authentication [1][4] - The company has a history of providing secure solutions across various highly-regulated industries, including government, defense, finance, and retail [4] - BIO-key's IAM software secures access for over 35 million users, offering a range of authentication factors tailored to diverse use cases [4]