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BIO-key and HP Addresses Security and Identification Markets Through Strategic Agreement
Aug-20-03
Companies referenced in this item: Aware Inc, BIO-key International
BIO-key International, Inc. (OTC Bulletin Board: BKYI), the leader in finger-based biometric identification, announced a strategic agreement with HP (NYSE: HPQ). The agreement allows for the incorporation of BIO-key's high-speed finger-based identification technology into HP's comprehensive security solutions for the United States Federal government.
According to BIO-Key CEO Mike DePasquale, the two companies will jointly pursue marketing, sales, and support efforts for products, services, and solutions for U.S. Federal government projects. "BIO-key is focused on every aspect of finger-based biometrics, speed, accuracy, and ease of integration. Our algorithms and web-based solutions integrate extremely well into HP's spectrum of security solutions for protecting U.S. citizens, visitors, and government information," DePasquale said.
"BIO-key's technology team has produced an effective and accurate means of finger-based identification," said Bruce Klein, vice president, federal sales and marketing, HP Public Sector Organization. "The level of speed and quality produced by BIO-key's Vector Segment Technology and Web-Key products is an important part of many security solutions sought by the federal government."
The pace has picked up in biometric demand in the United States. Several specific examples include the Enhanced Border Security and Visa Entry Reform Act of 2002, which requires biometric authentication, and the U.S. Department of Defense has a plan to include biometric data on their Common Access Card smart cards by 2004. The Information Awareness Office also uses digital fingerprints to help identify terrorist activities. The group searches databases and relies on biometrics for human identification.
About BIO-key
BIO-key develops and licenses advanced biometric finger identification technologies that are cost effective, scalable and easy to deploy. BIO-key products provide "True User Identification(TM)" that prevents data and identity theft while preventing false aliases. BIO-key pioneered the only finger identification algorithm that has been certified by the ICSA. It offers cost effective, high-performance one-to-many finger and one-to-one identification solutions providing security and positive identification for government and enterprise applications. (http://www.bio-key.com)
BIO-key Safe Harbor Statement
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Contact:
651 687-0414
Anthi Menzel
amenzel@bio-key.com
SOURCE BIO-key International, Inc.