BIO-key Positioned as Premier Supplier of Fingerprint Identification
Solutions Through Continued Investment in Development and Protection of
Intellectual Property
WALL, N.J., Aug. 29 LAWFUEL – Law News Network — BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in finger-based biometric identification and wireless public safety solutions announced today that the Company’s patent for biometric identification indexing, a core feature of its VST(TM) software, has been granted in Europe. In addition, a WEB-key(R) authentication security patent for “Systems and Methods of Secure Biometric Authentication” has been issued in South Africa.
These filings ensure the worldwide protection of BIO-key’s
revolutionary technology. The European patent for VST, which provides
BIO-key with protection of its intellectual property in Europe, was issued
on March 29, 2006 and covers a similar set of claims for a patent BIO-key
was granted in 2005 in the United States. BIO-key expects the patent for
Secure Biometric Authentication, issued in South Africa on April 26, 2006, to be issued in the United States in the near future.
“The issuance of these patents is significant in that they protect our
biometric technology outside of the United States, and also include the
first WEB-key patent to be issued. WEB-key’s inclusion is an important
point given that it serves as the platform for our software applications
that use biometrics for verification and identification,” stated Mike
DePasquale, BIO- key’s CEO.
“These patents are a critical component in our company’s growth in that
they protect our core technology which enables us to deliver a practical
solution to one of the most pressing problems faced by corporations and
individuals alike; preventing identity theft and fraud. The implications
for usage of this technology in banking, healthcare, and government
applications — or simply to protect your own personal electronic files —
are immense,” added Tom Colatosti, Chairman of BIO-key’s board.
About BIO-key
BIO-key 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 2,500 police,
fire and emergency services departments in North America use BIO-key
solutions, making BIO-key the leading supplier of mobile and wireless
solutions for public safety worldwide. (http://www.bio-key.com )
BIO-key Safe Harbor Statement
This news release contains forward-looking statements that are subject
to certain risks and uncertainties that may cause actual results to differ
materially from those projected on the basis of these statements. The words
“estimate,” “project,” “intends,” “expects,” “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 Private Securities
Litigation Reform Act of 1995. For a more complete description of these and
other risk factors that may affect the future performance of BIO-key
International, see “Risk Factors” in the Company’s Annual Report on Form
10-KSB 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.
Press Contact:
Julie Garand
BIO-key International, Inc.
508-460-4036
julie.garand@bio-key.com
Investor Contact:
Augustine Okwu Jr.
Dennard Rupp Gray & Easterly, LLC
713-529-6600 (Houston Office)
gokwu@drg-e.com
