Copenhagen, Denmark and Holmdel, New Jersey, January 8, 2024 (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 was announced today by the Ministry of Foreign Affairs. Denmark is strengthening the digital security infrastructure for his 4,500 users around the world. The Ministry selected IT2Trust to implement a state-of-the-art virtual private network secured by BIO-key Europe’s AuthControl Sentry authentication solution.
This deployment is part of the Department’s strategy to strengthen its digital capabilities in the face of evolving global cybersecurity challenges. The VPN solution provided by IT2Trust, Europe’s leading digital security solutions provider, is crucial in ensuring secure and efficient communication channels for ministry personnel, both in Denmark and in embassies and consulates around the world.
Alex Rocha, Managing Director of BIO-key Europe, said: BIO-key Europe We are proud to partner with IT2Trust to strengthen the security and reliability of public sector digital infrastructure.
“The Department’s decision to work with IT2Trust reflects IT2Trust’s commitment to deploying cutting-edge technology to protect sensitive information and maintain seamless global operations. This is an important aspect of the department’s broader cybersecurity strategy, which aims to ensure data protection and privacy.”
About IT2Trust (www.it2trust.com)
IT2Trust is a leading distributor of business-critical information technology solutions in the Nordic countries. IT2Trust earned this title by ensuring businesses the right product match and providing sound advice and guidance on every product from start to finish. We offer a wide range of vendor services to deliver quality solutions. IT2Trust’s assistance covers everything from market and competitor analysis and product positioning to marketing, technical support and training at all levels. With IT2Trust, you get solutions that cover all your needs, provided by serious and competent advisors and partners.
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.
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.
Investor contact information
William Jones, David Collins
Catalyst IR
BKYI@catalyst-ir.com or 212-924-9800
