Despite positive biometric industry trends and our strong public safety account base, the Company's market value currently stands below our industry peers on a Price /Sales ratio basis. We do not believe that this valuation accurately reflects the Company's opportunity with respect to ongoing biometric growth, add-ons, upgrades and new application sales as well as strategic possibilities and partnerships that are currently being explored.
We believe that we are operating in an increasingly visible and emerging market in biometrics -- as evidenced by global trends -- and are very excited about the ongoing development of new solutions in the Law enforcement sector. We remain focused on achieving near-term and sustained profitability. We believe that we are better positioned than ever before and intend on managing the Company to create shareholder value in a principled and straightforward fashion. We appreciate our shareholders' continued support and belief in the Company and we look forward to updating you further on the Company's financial performance on our next quarterly earnings call.
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
enterprise data to improve security, convenience and privacy and to reduce
identity theft. Over 750 police departments in North America use BIO-key
solutions, making BIO-key the leading supplier of mobile and wir
|SOURCE BIO-key International, Inc.|
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