Holmdel, N.J. and Madrid, Spain, Dec. 27, 2023 (Globe Newswire) — BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of employee and customer identity and access management (IAM) featuring passwordless, phoneless, and tokenless ID-Binded Biometrics (IBB) authentication solutions Today, Carrefour, one of the world’s leading companies, announced that its retailers are integrating BIO-key’s AuthControl Sentry.® In collaboration with Evolutio, a trusted partner of BIO-key’s Swivel Secure Europe subsidiary, we offer cloud solutions in Spain. This strategic partnership is part of Carrefour’s continued commitment to operational excellence and data security.
AuthControl Sentry is currently a key component securing the authentication process for Carrefour’s 6,500 Spanish employees. This solution secures access to critical services and reinforces the company’s commitment to the highest standards of data security and privacy.
Alex Rocha, Managing Director of BIO-key Europe commented: This collaboration, facilitated by our partner Evolutio, demonstrates the security, versatility and reliability of our products in meeting the complex cybersecurity needs of large organizations. BIO-key Europe is committed to providing best-in-class security solutions that enable companies like Carrefour to operate with confidence and resilience in an increasingly digital world. Our AuthControl solution not only increases operational efficiency but also ensures maximum security for our customers, their employees and critical data. ”
About Biokey International Co., Ltd. (www.BIO-key.com)
BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software that secures access for over 35 million users. BIO-key allows customers to choose the appropriate authentication factor for a variety of use cases, including phoneless, tokenless, and passwordless biometric options. PortalGuard IAM solutions, hosted or on-premises, provide cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.
about Evolutio (www.evolutio.com/)
Evolutio is the trusted technology partner that every business needs. Evolutio’s consultants are experts in the integration of cloud services for multinational and national companies in the Spanish market. Its aim is to increase the agility, flexibility and innovation capabilities of its clients, helping them achieve maximum value from their business and accompanying them in the digitalization process. His Evolutio, headquartered in Madrid, has more than 30 years of experience in the IT field.
BIO Key Safe Harbor Statement
All statements contained in this press release, other than statements of historical fact, are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “anticipate,” “intend,” “anticipate,” “anticipate,” “believe” and similar expressions are intended to identify forward-looking statements. Masu. Such forward-looking statements are based on management’s beliefs, assumptions made by management pursuant to the “safe harbor” provisions of the Act, and information currently available to it. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that could cause actual results to differ materially from those contained in or implied by such forward-looking statements. there is. These risks and uncertainties include, but are not limited to, our historical losses and limited returns; our ability to raise additional capital to meet our working capital needs; ability to continue as a going concern; our ability to regain compliance with Nasdaq’s continued listing standards, market conditions and the impact of the reverse stock split on the trading price of our common stock; our ability to protect our intellectual property; Changes in business conditions. changes in sales strategies and product development plans; Market changes. Ongoing service from our executive management team. Security breach. Competition in the biometric technology industry. Biometric authentication products in general and our products under development will be accepted by the market. our ability to convert sales opportunities into customer contracts; Ability to expand into Asia, Africa and other overseas markets. our ability to integrate Swivel Secure’s operations and personnel into our business; Fluctuations in foreign exchange rates. A description of delays in product development and the assumptions underlying any of the foregoing and the caption “Risk Factors” in our Annual Report on Form 10-K and other filings for the year ended December 31, 2022. and other factors listed in. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. These statements speak only as of the date on which they are made. Except as required by law, we undertake no obligation to disclose any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise.
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Investor contact information
William Jones, David Collins
Catalyst IR
BKYI@catalyst-ir.com or 212-924-9800
