WALL, N.J., March 8 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in finger-based biometric identification solutions, today announced that in the recent test results published by the National Institute of Standards and Technology (NIST), BIO-key's accuracy improved by a remarkable 23% on the DHS2 Dataset. The DHS2 Dataset is considered to be the most difficult dataset tested by the NIST Proprietary Template tests (PFT).
According to Michael DePasquale, BIO-key Chief Executive Officer, "These results are significant as they clearly reinforce our continued position as a market leader and validate our efforts to ensure the highest accuracy possible. These results reinforce why BIO-key was selected as the fusion partner for the FBI Next Generation IAFIS project."
This NIST PFT test is a rigorous measure of an algorithm's inherent accuracy. It exercises four different datasets of fingerprint images from various real-life government applications, such as Department of Homeland Security. The aforementioned datasets are large enough to provide realistic independent vendor results, given how that data was captured, the capture device used as well as the users being enrolled.
The main result secured from these evaluations is an estimate of how well commercial products performed one-to-one matching for verification over a range of applications.
"For some of the datasets used in the NIST testing there is little variation in the performance of the tested algorithms. These variations are in the thousandths of a point to differentiate vendors," noted Mira LaCous, Vice President Technology and Development at BIO-key. "The DHS2 dataset, which is the most challenging of the four tested, ranks BIO-key as one of the top three providers worldwide. Also when comparing the simple average of the four datasets, for the Table 1 results where NIST sets the threshold at an FAR of .0001, BIO-key ranks again among the top three providers worldwide," she continued.
NIST conducts this ongoing public testing program for fingerprint algorithms using datasets collected by the U.S. Department of Homeland Security and U.S. Department of State. The results are available for viewing at http://fingerprint.nist.gov/SDK/ under "Updated Tables and Plots (February 26, 2010)."
BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions to commercial and government enterprises, integrators, and custom application developers. BIO-key's award winning, high performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise applications. Our solutions are used in local embedded OEM products as well as some of the world's largest identification deployments to improve security, guarantee identity, and help reduce identity theft. BIO-key's technology is offered directly or by market leading partners around the world. (http://www.bio-key.com)
BIO-key Safe Harbor Statement
Certain statements contained in this press release may be construed as "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes" and similar expressions are intended to identify 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 Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue, our ability to develop new products and evolve existing ones, the impact on our business of the recent financial crisis in the global capital markets and negative global economic trends, and our ability to attract and retain key personnel. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, Inc., see "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 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. The Company also 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.
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