WALL, N.J., June 2 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in wireless public safety and finger-based biometric identification solutions, today announced that it has been awarded a $2 million contract to integrate its biometric technology with a large multi-national technology company. BIO-key will license components of its VST(TM) finger matching software to be used on multiple, large international and domestic opportunities.
Under the terms of the license agreement, BIO-key received a $2 million order for software licenses that will be delivered during the second and third quarters of the current fiscal year. Additional details of the agreement will be provided at a later date.
Mike DePasquale, BIO-key's President and CEO, said, "We have been talking about an inflection in the ID management industry over the past two quarters, and BIO-key's position as a leader in delivering the most advanced finger biometric software in the business. This contract is a validation of the strength of our technology, our business model and the opportunity for substantial growth that exist in our biometrics business unit for sales in both the government and commercial sectors. This is the largest single order that we have received to date and will support our objective of growth and profitability in the near term."
BIO-key International, Inc., headquartered in Wall, New Jersey,
develops and delivers advanced identification solutions and information
services to law enforcement departments, public safety agencies, government
and private sector customers. BIO-key's mobile wireless technology provides
first responders with critical, reliable, real-time data and images from
local, state and national databases. BIO-key's high performance, scalable,
cost-effective and easy-to-deploy biometric finger identification
technology accurately identifies and authenticates users of wireless and
|SOURCE BIO-key International, Inc.|
Copyright©2008 PR Newswire.
All rights reserved