Partnership enables BIO-key technologies to be localized and delivered across Vietnam via SAVIS Group’s trusted services platformHANOI, Vietnam and HOLMDEL, N.J., Nov. 17, 2025 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (NASDAQ: BKYI), a leading provider of Identity and Access Management (IAM) and biometric authentication solutions, today announced a strategic partnership with SAVIS Group, one of Vietnam’s top information-technology enterprises, specializing in digital signing, identity verification, e ...

Core Insights - BIO-key International, Inc. will host its third quarter investor call on November 14th at 10 a.m. ET, with results released before market opening [1] - The call will be led by Mike DePasquale, Chairman & CEO, and Cecilia Welch, CFO, and will include a Q&A session [1] Company Overview - BIO-key is a leader in Identity and Access Management (IAM) and biometric authentication technologies, securing access for over 40 million users [3] - The company offers a multi-factor identity and access management software that includes phoneless, tokenless, and passwordless biometric options [3] - Its PortalGuard IAM solution is available in both cloud-hosted and on-premise formats, providing cost-effective and secure access to various applications and transactions [3]

Core Insights - BIO-key International, Inc. has secured a significant deployment with a major defense-sector security organization in the Middle East, enhancing its presence in high-assurance government and defense environments [1][2]. Group 1: Deployment Details - The contract is one of BIO-key's largest security-sector deployments in the region, aimed at strengthening access security and streamlining credential management through biometric-based authentication without reliance on mobile devices or hardware tokens [2]. - The deployment is facilitated by a strategic partnership with Cloud Distribution, a Saudi-based Value-Added Distributor, which combines BIO-key's IAM solutions with local cybersecurity expertise [3]. Group 2: Strategic Commitment - The deployment underscores BIO-key's commitment to supporting national security and critical infrastructure protection in the Middle East, reflecting the trust in its technology for securing sensitive environments [4]. Group 3: Company Overview - BIO-key is a leader in biometric-centric, multi-factor identity and access management (IAM) software, securing access for over 40 million users and offering various authentication options, including phoneless, tokenless, and passwordless solutions [5].

Core Insights - BIO-key International, Inc. has entered into a warrant inducement agreement with an institutional investor to exercise outstanding warrants, resulting in the purchase of 3,091,668 shares at a reduced price of $1.02 per share, generating approximately $3.1 million in gross proceeds [1][3] Group 1: Warrant Inducement Agreement - The investor will exercise Series A and Series B Warrants to purchase 3,091,668 shares at $1.02 per share [1] - In exchange, the company will issue unregistered New Warrants for 6,183,336 shares at the same exercise price of $1.02, which are immediately exercisable and expire in five years [3] - The company plans to file a registration statement with the SEC for the resale of shares from the New Warrants [3] Group 2: Company Overview - BIO-key is focused on biometric authentication and Identity and Access Management (IAM) solutions, securing access for over 40 million users [4] - The company offers various authentication methods, including phoneless, tokenless, and passwordless options, through its PortalGuard IAM solution [4]

Core Insights - BIO-key International, Inc. has partnered with IT2Trust to enhance its presence in the Nordic market, focusing on delivering advanced Identity and Access Management (IAM) solutions with local expertise and cybersecurity leadership [1][2][5] Company Overview - BIO-key is a leader in biometric authentication and IAM solutions, securing access for over 40 million users with a range of authentication options including phoneless, tokenless, and passwordless methods [6] - IT2Trust is a prominent distributor of IT security and networking solutions in Scandinavia, providing consulting, training, and support services to strengthen digital resilience and compliance for enterprises and public organizations [5] Partnership Details - The collaboration will enable IT2Trust to distribute and support BIO-key's full portfolio of IAM and biometric authentication products, enhancing identity protection and regulatory compliance across Denmark, Sweden, Norway, and Finland [2][3] - This partnership is seen as a natural progression in BIO-key's European growth strategy, combining local market knowledge with global innovation to help organizations protect their data and digital future [5] Product Offerings - BIO-key's IAM solutions include PortalGuard, a comprehensive platform supporting multi-factor authentication (MFA), single sign-on (SSO), and centralized access management [8] - Other products include Passkey:YOU™, a FIDO2-compliant passwordless solution, and Identity-Bound Biometrics (IBB), which binds access to the individual rather than the device [8]

Core Insights - BIO-key International, Inc. is participating in two major cybersecurity events, GITEX Global 2025 in Dubai and 19ENISE in León, Spain, showcasing its biometric-centric Identity and Access Management (IAM) solutions [1][2][3] Group 1: Event Participation - GITEX Global is a premier technology and AI marketplace in the Middle East, featuring over 6,800 companies and 200,000+ attendees from 180 countries, making it an ideal platform for BIO-key to demonstrate its IAM leadership [3][4] - 19ENISE is recognized as Spain's leading cybersecurity forum, bringing together over 4,000 attendees and 173 international speakers, emphasizing cross-border collaboration in the cybersecurity industry [5][6][7] Group 2: Technology Demonstration - BIO-key will showcase its Identity-Bound Biometrics (IBB), PortalGuard IAM, and Passkey:YOU™ solutions, promoting a passwordless, phoneless, and tokenless future for organizations in various sectors [2][8] - The company's technology aims to enhance digital identity security while reducing authentication friction and costs [2][8] Group 3: Strategic Goals - BIO-key's participation in these events underscores its commitment to helping organizations achieve NIST2 compliance and protect critical infrastructure through its biometric IAM technologies [8] - The leadership team will engage with customers and partners to expand collaborations across the EMEA region [8][9]

Core Insights - BIO-key International, Inc. is participating in two major cybersecurity events, GITEX Global 2025 in Dubai and 19ENISE in León, Spain, showcasing its biometric-centric Identity and Access Management (IAM) solutions [1][2][3] Group 1: Event Participation - GITEX Global is a premier technology and AI marketplace in the Middle East, featuring over 6,800 companies and 200,000+ attendees from 180 countries, making it an ideal platform for BIO-key to demonstrate its IAM leadership [3][4] - 19ENISE is recognized as Spain's leading cybersecurity forum, bringing together over 4,000 in-person attendees and 173 international speakers, emphasizing cross-border collaboration in the cybersecurity industry [5][6][7] Group 2: Technology Demonstration - BIO-key will showcase its Identity-Bound Biometrics (IBB), PortalGuard® IAM, and Passkey:YOU™ solutions, promoting a passwordless, phoneless, and tokenless future for organizations in various sectors [2][8] - The company's technology aims to enhance digital identity security while reducing authentication friction and costs, thereby transforming the user experience [2][8] Group 3: Strategic Importance - Participation in these events underscores BIO-key's commitment to supporting organizations in achieving NIST2 compliance and enhancing digital trust through its biometric IAM technologies [8] - The leadership team will engage with customers, partners, and cybersecurity leaders to expand collaborations across the EMEA region [8]

Group 1 - Accenture is recognized as a top IT stock by hedge funds and has announced the acquisition of IAMConcepts, a Canadian company specializing in identity and access management services [1][3] - The acquisition is expected to enhance Accenture's capabilities in providing advanced IAM solutions, particularly for critical infrastructure sectors such as financial services, power utilities, mining, and transportation [2][3] - IAMConcepts has completed numerous IAM projects for major Canadian banks and critical infrastructure organizations, addressing the gap in outdated IAM systems that 67% of organizations still rely on [3] Group 2 - Accenture operates in various sectors, providing strategy and consulting, technology, and operations services across North America, Europe, the Middle East, Africa, and internationally [4]

Group 1: Company Strategy and Developments - Okta is enhancing its identity protection efforts by integrating artificial intelligence (AI) into its security strategy, enabling real-time detection and response to identity-based threats [1] - The company's AI approach supports a growing portfolio that includes Identity Governance, Privileged Access, Fine-Grained Authorization, Device Access, and Identity Security Posture Management, while also expanding tools to protect non-human identities like service accounts and bots [2] - A significant boost to Okta's AI-driven vision comes from a new partnership with Palo Alto Networks, creating a unified security architecture for automated threat detection and response [3][4] Group 2: Competitive Landscape - Okta faces increasing competition in the identity and access management (IAM) space from CyberArk Software and Microsoft [5] - CyberArk has shown strong growth with a 43% revenue increase in Q1 2025, bolstered by acquisitions and a robust position in identity security [6] - Microsoft's Entra ID presents a significant challenge with over 900 million monthly active users and advanced IAM tools, reinforcing its dominance in secure identity solutions [7] Group 3: Financial Performance and Valuation - Okta's shares have appreciated 18.8% year to date, outperforming the Zacks Security industry's return of 15.6% [8] - The company is trading at a forward Price/Cash Flow ratio of 21.44, slightly below the broader Zacks Computer and Technology sector's 21.7X, with a Value Score of D [11] - The Zacks Consensus Estimate for Okta's Q2 fiscal 2026 earnings is 84 cents per share, indicating a 16.67% year-over-year growth, while the fiscal 2026 earnings estimate is $3.28 per share, suggesting a 16.73% growth over fiscal 2025 [13][15]

Company Participation - BIO-key International, Inc. will participate in the Aegis Capital Corp. 2025 Virtual Conference on May 22, 2025, and the Maxim Virtual Tech Conference on June 4, 2025 [1][2] Conference Details - The Aegis Capital Virtual Conference presentation is scheduled for May 22, 2025, from 11:30 to 11:55 a.m. ET [2] - The Maxim Virtual Tech Conference will feature a fireside chat with Maxim Analyst Jack Vander Aarde on June 4, 2025, at 11:00 a.m. ET [2] Company Overview - BIO-key is a provider of Identity and Access Management (IAM) solutions, focusing on passwordless, phoneless, and tokenless biometric authentication, securing access for over 40 million users [4] - The company's PortalGuard IAM solution offers a cost-effective and secure way to access computers, information, applications, and high-value transactions [4]