Core Insights - The partnership between authID and a financial infrastructure provider aims to enhance security for over 100 U.S. banks by integrating advanced identity validation and AI deepfake authentication solutions [1][2][10] Industry Overview - The U.S. banking sector comprises over 4,300 banks, with a global total exceeding 8,600 banks, highlighting a significant market for security solutions [2] - The global fraud detection and prevention market in banking is projected to grow from $21 billion in 2025 to $39 billion by 2030, driven by increasing AI-generated threats and regulatory demands [2] Company Solutions - authID's biometric verification technology ensures that only legitimate users are onboarded, utilizing PrivacyKey™ to protect user privacy and comply with regulations by not storing biometric data [3][10] - The integration of authID Proof™ and PrivacyKey technologies into the partner's platform allows for seamless biometric onboarding and authentication for banking clients with assets ranging from $10 billion to $150 billion [5][10] Competitive Advantage - The partnership targets community and regional banks, which represent 92-95% of U.S. banks, providing them with a competitive edge in a sector often underserved by advanced security solutions [6][10] - authID's solutions address vulnerabilities associated with traditional authentication methods, such as passwords and voice recognition, by offering a more secure biometric alternative [4][10] Technological Features - authID's platform includes document verification and biometric re-authentication, ensuring a secure and user-friendly experience across various banking channels [8][10] - The technology employs cryptographic identity architecture and liveness detection to prevent replay and spoofing attacks while maintaining user privacy [8][10] Market Positioning - The partnership signifies a strategic move for authID to expand its footprint in the financial services sector, demonstrating the scalability of its platform amid growing market demand for secure identity verification [7][10] - As regional banks gain strength through increased liquidity and favorable interest rates, authID's solutions help protect their systems against emerging threats like AI deepfakes [10]

Core Insights - BIO-key International, Inc. has received a new order worth $280,000 from a foreign defense ministry to expand its biometric user authentication deployment, bringing total business from this customer to $1.14 million over the past year [1] - The company has secured over $2 million in total orders from the military and defense sector in the last 12 months, indicating significant growth compared to the previous year [1] Group 1: Company Developments - The demand for BIO-key's biometric authentication solutions has increased due to rising geopolitical tensions, particularly in the Middle East, leading to a heightened need for secure authentication among defense and intelligence agencies [2] - BIO-key's platform supports phoneless and tokenless authentication for Sensitive Compartmented Information Facilities (SCIFs) and Foreign Material Exclusion (FME) areas, which are critical in defense operations [3] - The company now supports authentication for over 50,000 licensed users at the mentioned customer, showcasing its capability to scale to millions of users across large enterprises and government agencies [3] Group 2: Strategic Initiatives - BIO-key has been a trusted supplier to the defense ministry since 2017, emphasizing its commitment to delivering high security, usability, and ease of deployment [4] - The launch of BIO-key's Defense & Intelligence Cybersecurity Initiative in mid-2025 aims to provide hardened biometric authentication solutions to military and intelligence customers, which has already strengthened security for several new defense agency clients [4] - The company serves military, defense, and government agencies in multiple countries, including Europe and the Middle East, and anticipates continued growth in its Defense & Intelligence Cybersecurity Initiative due to rising global hostilities and cyber threats [4]

Core Insights - The Palmprint Payment Market is projected to grow from USD 1.30 Billion in 2025 to USD 3.57 Billion by 2035, with a CAGR of 10.64% during 2026–2035 [1][2] Market Overview - The palmprint payment market is expanding rapidly due to increasing demand for simple, contactless, and secure payment options, offering higher accuracy and fraud resistance compared to traditional payment systems [2] - The U.S. palmprint payment market is expected to grow from USD 0.30 Billion in 2025 to USD 0.71 Billion by 2035, with a CAGR of 9.12% during 2026–2035, driven by security concerns and the need for fraud-proof payment solutions [3] Segmentation Analysis - **By Deployment Mode**: Cloud-Based solutions dominate with a 56.80% market share in 2025 and are the fastest-growing segment due to scalability and strong enterprise adoption [4] - **By Technology**: Cloud-Based Solutions hold a 41.50% share in 2025 and are also the fastest-growing segment, driven by ease of integration and widespread adoption [5] - **By Application**: E-commerce Transactions lead with a 31.00% share in 2025, fueled by online retail growth and consumer preference for contactless payments [8] - **By End-Use**: Large Enterprises account for 30.50% of the market in 2025, while Government Institutions are the fastest-growing segment due to the implementation of secure biometric payment systems [9] Regional Insights - North America holds a 34.50% share of the global palmprint payment market in 2025, supported by advanced digital infrastructure and high adoption of biometric solutions [10] - The Asia Pacific region is experiencing strong growth at a CAGR of 14.08% during the forecast period, driven by digital payment adoption and government initiatives for cashless transactions [11] Market Drivers - The rising demand for contactless authentication is propelling market expansion globally, as consumers and businesses seek secure and efficient payment solutions [12]

Core Insights - Trust Stamp has filed for the trademark "WOW" for its biometrically secured Wallet of Wallets product aimed at consumers [1] - The global digital wallet user base is approximately 4.5 billion, projected to reach 6 billion by 2029, with significant amounts of digital assets believed to be lost in dormant wallets [2] - The Wallet of Wallets technology can be implemented on a white-labeled basis for financial institutions and nation-state customers [3] Company Overview - Trust Stamp is a global provider of AI-powered services across various sectors, including banking, finance, healthcare, and government, focusing on reducing fraud and enhancing data security [3][4] - The company operates with a diverse team from 22 nationalities across 10 countries and is listed on the Nasdaq Capital Market [4] Product Features - The WOW Wallet eliminates the need for memorizing passwords and can serve as a non-custodial wallet for multiple digital assets [6] - It utilizes a proprietary StableKey generated by tokenized facial biometrics, ensuring high security and resistance to tampering [6] - The wallet incorporates zero-knowledge-proof protocols for identity verification and offers secure recovery and transfer options [6]

Core Insights - BIO-key International, Inc. has formed a strategic partnership with Visualforma to enhance digital identity and access management for Portuguese municipal councils, focusing on cybersecurity and public digital services [1][5][7] Group 1: Partnership Details - Visualforma will spearhead the nationwide implementation of BIO-key's Identity and Access Management (IAM) and biometric authentication technologies across over 250 government organizations in Portugal [2] - The partnership aims to secure access to critical digital services, enhance cybersecurity controls, and ensure regulatory compliance within municipal administrations, educational institutions, and healthcare entities [2][4] Group 2: Implementation and Impact - The agreement includes deploying BIO-key's technologies in a major tourist city, addressing security and scalability needs for high-volume citizen and visitor services [3] - BIO-key's IAM and biometric solutions have already been operationalized in selected municipal environments, serving as reference architectures for further deployments [4] Group 3: Company Profiles - Visualforma is a well-established technology integrator in Portugal, recognized for its expertise in digital transformation and cybersecurity, with over 30 years of experience in the public sector [9] - BIO-key International specializes in biometric-centric IAM solutions, securing access for over 40 million users and offering various authentication methods, including phoneless and passwordless options [10]

Group 1 - BIO-key International, Inc. will participate in the DealFlow Discovery Conference on January 28th and 29th, 2025, at the Borgata hotel in Atlantic City, New Jersey, inviting institutional investors, family offices, and high-net-worth investors to attend at no cost [1] - CEO Mike DePasquale will present at the conference and will be available for one-on-one meetings throughout the event, with presentation details to be posted on DealFlow's website in January [2] - The DealFlow Discovery Conference, formerly known as The Microcap Conference, has expanded to include both publicly traded microcaps and qualified private companies across various high-growth sectors [4] Group 2 - The conference is organized by DealFlow Events and aims to bring together hundreds of companies, investors, and dealmakers for presentations, expert discussions, and networking opportunities, providing a platform for companies to showcase their value propositions [5] - Keynote presentations and panel discussions will feature renowned industry figures discussing business, investing, and trends in US equity markets, tailored to the public microcap and private market communities [6] Group 3 - BIO-key is a provider of biometric-centric, multi-factor identity and access management (IAM) software, securing access for over 40 million users, and offers various authentication options including phoneless, tokenless, and passwordless solutions [7]

(State or other jurisdiction of incorporation or organization) As filed with the Securities and Exchange Commission on November 21, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BIO-key International, Inc. (Exact name of registrant as specified in its charter) Delaware 8071 41-1741861 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 101 CRAWFOR ...

Core Insights - BIO-key International, Inc. has formed a strategic partnership with SAVIS Group to enhance its presence in Vietnam's digital transformation and cybersecurity market [1][2][4] - The collaboration aims to integrate BIO-key's advanced Identity and Access Management (IAM) and biometric authentication solutions with SAVIS Group's local expertise in digital trust and enterprise solutions [2][3] Company Overview - BIO-key is a leading provider of IAM and biometric authentication solutions, securing access for over 40 million users with its innovative technologies [5] - SAVIS Group is recognized as one of Vietnam's top information-technology enterprises, specializing in digital signing, identity verification, electronic authentication, and cybersecurity services [4] Partnership Details - The partnership will enable SAVIS Group to act as an authorized distributor of BIO-key's IAM portfolio, providing localized pre-sales, deployment, and technical support [3] - The collaboration is expected to empower organizations in Vietnam to enhance digital trust, secure critical infrastructure, and transition towards a passwordless future [4] Market Potential - Vietnam is identified as a promising market for digital transformation and cybersecurity innovation, making it an attractive opportunity for both companies [1][2]

Financial Data and Key Metrics Changes - The company reported Q3 2025 revenue of approximately $1.55 million, consistent with the first two quarters of the year, but down roughly $600,000 compared to the previous year due to timing of larger customer orders [4][14] - Year-to-date revenue for 2025 was slightly under $5 million, reflecting a decrease largely attributed to quarter-to-quarter variability [4] - The net loss for Q3 2025 was $965,000 or $0.15 per share, compared to a net loss of $739,000 or $0.39 per share in Q3 2024 [16] Business Line Data and Key Metrics Changes - License fee revenue decreased to $918,000 in Q3 2025 from $1.4 million in Q3 2024, while service revenue increased slightly to $268,000 [14] - Hardware sales declined to approximately $364,000 in Q3 2025 from $436,000 in Q3 2024 due to timing of shipments [15] Market Data and Key Metrics Changes - The company experienced strong demand in the defense sector, with two of the top four largest global defense agencies using its technology [10] - The company is focusing on expanding its market reach in Europe, the Middle East, and Africa, particularly through channel sales efforts [7] Company Strategy and Development Direction - The company is advancing its channel sales efforts and has engaged an external marketing firm to enhance its marketing strategies and website content [7] - A significant update to the PortalGuard identity platform is expected to be released in late Q1 or early Q2 2026, which represents a major modernization of the platform [8] - The company is focusing on reducing its break-even levels and supporting positive cash flow and profitability [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth prospects for the upcoming year, citing a strong pipeline of opportunities and the potential for significant contract renewals [12][39] - The company noted that the recent U.S. government shutdown did not impact its business operations [37] Other Important Information - The company raised approximately $3 million net of fees through a warrant exercise transaction, enhancing its cash liquidity [13] - Current assets as of September 30, 2025, were $3.7 million, including $2 million in cash, compared to $1.9 million in current assets at the end of 2024 [17] Q&A Session Summary Question: Was the Bank of Egypt win a recurring revenue deal? - Management confirmed it was an initial deployment with expectations for expanded deployment [19] Question: Are margins lower on the Bank of Egypt project due to partnership? - Management stated that gross margins on software remain above 90% [20] Question: What is the current ARR? - Management indicated that the ARR is growing and estimated to be in the $6 million-$7 million range [25] Question: What led to the decision to provide formal guidance? - Management cited confidence from a solid pipeline of opportunities and results from investments in the partner network [33] Question: Did the U.S. government shutdown impact business? - Management confirmed there was no impact from the shutdown [37] Question: Are there any major upcoming renewals in 2026? - Management indicated that there are several renewals and expansions on the horizon [40] Question: What is the status of the Channel Alliance program? - Management emphasized the focus on quality partnerships rather than quantity, with significant players in local markets [41][42]

Financial Data and Key Metrics Changes - The company reported Q3 2025 revenue of approximately $1.55 million, consistent with the first two quarters of the year, but down roughly $600,000 compared to the previous year due to timing of larger customer orders [4][14] - Year-to-date revenue for 2025 was slightly under $5 million, reflecting a decrease largely attributed to variability in order timing [4] - The net loss for Q3 2025 was $965,000 or $0.15 per share, compared to a net loss of $739,000 or $0.39 per share in Q3 2024 [16] Business Line Data and Key Metrics Changes - License fee revenue decreased to $918,000 in Q3 2025 from $1.4 million in Q3 2024, while service revenue increased slightly to $268,000 [14] - Hardware sales declined to approximately $364,000 in Q3 2025 from $436,000 in Q3 2024 due to timing of shipments [15] Market Data and Key Metrics Changes - The company experienced strong demand in the defense sector, with two of the largest global defense agencies using BIO-key technology [10] - The company is focusing on expanding its market reach in Europe, the Middle East, and Africa, particularly through channel sales efforts [7] Company Strategy and Development Direction - The company is advancing its channel sales efforts and has engaged an external marketing firm to enhance its marketing strategies and website content [7] - A significant update to the PortalGuard identity platform is expected to be released in late Q1 or early Q2 2026, which will modernize the platform and improve deployment capabilities [8] - The company is focusing on reducing operating expenses and achieving positive cash flow and profitability, having reduced operating expenses by over 10% in the first nine months of 2023 [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth prospects for the upcoming year, citing a strong pipeline of opportunities and the potential for significant contract renewals [12][39] - The company noted that the recent U.S. government shutdown did not impact its business operations [37] - Management highlighted the importance of biometrics in enhancing security and preventing fraud, positioning the company well in the current market [11] Other Important Information - The company raised approximately $3 million net of fees through a warrant exercise transaction, significantly improving its cash liquidity [13] - As of September 30, 2025, current assets totaled $3.7 million, including $2 million in cash, compared to $1.9 million in current assets at the end of 2024 [17] Q&A Session Summary Question: Was the National Bank of Egypt win a recurring revenue deal? - Management confirmed that it was an initial deployment with expectations for expanded deployment in the fourth quarter [19] Question: Are margins lower on the project with Raya? - Management stated that gross margins on software remain above 90% [20] Question: What is the current ARR? - Management indicated that the ARR is growing and estimated to be in the $6-$7 million range [26] Question: Will the longest U.S. government shutdown impact business? - Management confirmed that there was no impact from the government shutdown [37] Question: What led to the decision to provide formal guidance? - Management cited confidence from a solid pipeline of opportunities and results from investments in the partner network [34] Question: Are there any major upcoming renewals in 2026? - Management indicated that there are several renewals and expansions expected throughout the year [40]