BIO-key Delivers Phishing-Resistant Biometric Security to Alabama’s AOD Federal Credit UnionBynum, AL

BIO-key (OTC:BKYI) formed a strategic partnership with BlueAlly to deliver phishing-resistant biometric authentication, debuting with a deployment at AOD Federal Credit Union in Alabama.

Rhea-AI Summary

BIO-key (OTC:BKYI) formed a strategic partnership with BlueAlly to deliver phishing-resistant biometric authentication, debuting with a deployment at AOD Federal Credit Union in Alabama.

AOD, serving over 37,500 members across seven branches, uses BIO-key’s PortalGuard and Identity-Bound Biometrics to reduce credential-based risks, streamline passwords, support zero-trust, and ease IT workloads.

Positive

• Strategic partnership with BlueAlly to expand biometric IAM reach
• Successful PortalGuard deployment at AOD Federal Credit Union
• Serves AOD’s more than 37,500 members across seven Alabama branches
• Phishing-resistant Identity-Bound Biometrics reduce credential-based risks
• Eliminating frequent password changes lowers help desk demand and boosts productivity
• Solution supports zero-trust strategy and high regulatory compliance standards

Negative

• None.

Argus Jun 2 session

+6.67% close to close Open Argus

Details

News Market Reaction – BKYI

On Jun 2, the day this news came out, BKYI closed 6.67% above the previous close.

Data tracked by StockTitan Argus for the Jun 2 session.

Market Context

On Jun 2, the day this news came out, the stock closed 6.7% above the previous close. A strong posit...

Analysis

On Jun 2, the day this news came out, the stock closed 6.7% above the previous close. A strong positive reaction aligns with BIO-key’s efforts to demonstrate real-world traction in regulated finance. This deployment at AOD Federal Credit Union and the BlueAlly partnership reinforce prior disclosures of wins with banks and financial customers. However, shares remain well below the 52-week high of $19.70 and below the 200-day MA of $6.69, and past listing and filing challenges from 2026 filings highlight ongoing execution and compliance risks.

Key Figures

Credit union members: 37,500 members Branch count: 7 branches

Credit union members

37,500 members

AOD Federal Credit Union membership

Branch count

7 branches

AOD Federal Credit Union locations across North East Alabama

Historical Context

5 past events · Latest: May 18

5 events

1. May 18

   Q1 earnings update

   24h Move

   +0.5%

   Stronger Q1 revenue, higher gross margin, and narrowed net loss outlook.

2. May 12

   Nasdaq suspension move

   24h Move

   +16.8%

   Notice of Nasdaq suspension and move to OTC Markets despite growth targets.

3. May 12

   Investor webcast notice

   24h Move

   -34.8%

   Announcement of upcoming Q1 investor call and webcast logistics.

4. Apr 28

   Reverse stock split

   24h Move

   -14.3%

   1-for-10 reverse split to support Nasdaq minimum bid-price compliance.

5. Apr 22

   10-K filing delay

   24h Move

   -5.5%

   Nasdaq non-compliance notice tied to delayed Form 10-K filing.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

multi-factor authentication (mfa), phishing-resistant authentication, identity-bound biometrics, zero-trust strategy

4 terms

multi-factor authentication (mfa) technical

"vulnerabilities associated with traditional Multi-Factor Authentication (MFA) solutions."

Multi-factor authentication (MFA) is a security method that requires two or more different ways to prove your identity before allowing access to an account—for example, a password plus a one-time code sent to a phone or a fingerprint. For investors this matters because MFA significantly reduces the risk of unauthorized access to sensitive corporate systems, financial accounts, and shareholder data, helping protect company value and reduce the chance of fraud or regulatory problems.

phishing-resistant authentication technical

"BlueAlly partnership focuses on delivering phishing-resistant authentication."

A way of verifying a user’s identity that cannot be tricked by fake emails, websites or copied passwords—think of a lock that only opens with a uniquely shaped key rather than a code you could be persuaded to share. Investors care because it lowers the risk that hackers will steal customer data, drain accounts, or cause costly outages and reputation damage, which can protect revenue and reduce the chance of unexpected losses.

identity-bound biometrics technical

"BIO-key’s Identity-Bound Biometrics ensure that only the authorized individual can gain"

Identity-bound biometrics are physical or biological traits—like fingerprints, facial patterns, iris scans, or DNA—linked directly to a single person and used to prove who they are. For investors, these systems matter because they enable stronger, harder-to-steal authentication for devices, accounts, and transactions (think of a house key that can’t be copied), but they also bring regulatory, privacy and liability risks that can affect adoption, costs and market potential for companies using or selling the technology.

zero-trust strategy technical

"MFA options to reduce risk and support our zero-trust strategy."

A zero-trust strategy is a security approach that assumes no user, device, or network segment is automatically safe and requires continuous verification before granting access to systems or data. For investors, this matters because adopting zero-trust can lower the risk of costly breaches, protect intellectual property and customer data, and demonstrate stronger governance—factors that influence operational stability, regulatory compliance, and long-term company value, much like locks and checkpoints that screen everyone regardless of where they came from.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BYNUM, Ala. and HOLMDEL, N.J., June 02, 2026 (GLOBE NEWSWIRE) -- BIO-key® International, Inc. (OTC Markets: BKYI), an innovative provider of workforce and customer identity and access management (IAM) solutions enabling phoneless, tokenless, passwordless, and phishing-resistant authentication, today announced a strategic partnership with BlueAlly, a premier provider of IT solutions and managed services. The partnership debuted with a successful deployment of BIO-key’s PortalGuard platform for AOD Federal Credit Union, which was seeking to eliminate friction in the user experience and vulnerabilities associated with traditional Multi-Factor Authentication (MFA) solutions.

As sophisticated phishing and "MFA fatigue" campaigns continue to target financial institutions, BIO-key’s BlueAlly partnership focuses on delivering phishing-resistant authentication. Unlike standard MFA that relies on phone-based apps or SMS codes—which can be intercepted or bypassed—BIO-key’s Identity-Bound Biometrics ensure that only the authorized individual can gain system access, providing a security layer that cannot be shared or stolen.

"As a financial institution, security and identity assurance are non-negotiable," said Aaron Woods, CIO of AOD Federal Credit Union. "Bio-Key PortalGuard delivered a level of flexibility beyond what we saw with Duo Security or UserLock, enabling us to combine biometric authentication with a wide range of MFA options to reduce risk and support our zero-trust strategy. Equally impactful, removing the need for frequent password changes has streamlined operations—boosting productivity and lowering help desk demand without sacrificing security. The support staff is amazing to work with, and the platform is very affordable compared to other solutions."

AOD Federal Credit Union serves more than 37,500 members from seven branches across North East Alabama. By integrating BIO-key’s phishing-resistant technology, AOD has effectively closed the loop on credential-based risks. The solution enables AOD to verify the actual person behind the login attempt, satisfying the highest regulatory compliance standards while significantly reducing the operational burden on its IT team.

"Our solution is centered on solving the most critical vulnerability in the enterprise: the human element," said Michael DePasquale, Chairman and CEO of BIO-key. "Deploying our phishing-resistant biometrics at AOD Federal Credit Union demonstrates how organizations can achieve superior security without the friction of legacy MFA. We are proud to work with a customer that understands the necessity of moving beyond passwords to a truly identity-bound future."

About BIO-key International, Inc. (www.BIO-key.com)
BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its cloud-hosted or on-premise PortalGuard IAM solution provides 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 facts are "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 not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include factors set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024, and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements, whether as a result of new information, future events, or otherwise.

Engage with BIO-key:
LinkedIn – Corporate:	https://www.linkedin.com/company/bio-key-international
X – Corporate:	@BIOkeyIntl
X – Investors:	@BIO_keyIR
StockTwits:	BIO_keyIR

BIO-key Resources:
https://www.bio-key.com/products/identity-access-management/iam-platform/
https://www.bio-key.com/products/biometric-authentication/
https://www.bio-key.com/products/authentication-devices/

Investor Contacts:
William Jones, David Collins
Catalyst IR
BKYI@catalyst-ir.com or 212-924-9800

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did BIO-key (OTC:BKYI) announce about AOD Federal Credit Union on June 2, 2026?

BIO-key announced a successful deployment of its PortalGuard platform at AOD Federal Credit Union. According to BIO-key, AOD now uses Identity-Bound Biometrics to deliver phishing-resistant authentication, reduce credential-based risks, streamline user experience, and lessen the operational burden on its IT team.

How does BIO-key’s PortalGuard improve security for AOD Federal Credit Union members?

PortalGuard improves security by using Identity-Bound Biometrics to verify the person behind each login. According to BIO-key, this approach helps close credential-based risks, offers phishing-resistant authentication, and supports high regulatory compliance standards for AOD’s 37,500-plus members across seven branches.

What is the role of BlueAlly in BIO-key’s partnership with AOD Federal Credit Union?

BlueAlly serves as BIO-key’s strategic IT solutions and managed services partner for this deployment. According to BIO-key, the partnership focuses on delivering phishing-resistant authentication to financial institutions, debuting with the AOD Federal Credit Union implementation of PortalGuard and Identity-Bound Biometrics.

How does BIO-key’s solution compare to traditional MFA for AOD Federal Credit Union?

BIO-key’s solution replaces phone-based or SMS MFA with Identity-Bound Biometrics tied to each user. According to AOD’s CIO, PortalGuard offered more flexibility than Duo Security or UserLock, reduced friction, removed frequent password changes, and lowered help desk demand while maintaining strong security.

How does the BIO-key and BlueAlly partnership address phishing and MFA fatigue risks?

The partnership targets phishing and MFA fatigue by deploying phishing-resistant biometric authentication instead of codes or app prompts. According to BIO-key, Identity-Bound Biometrics prevent credentials from being shared or stolen, helping financial institutions like AOD verify the actual person behind each login attempt.

How does BIO-key’s deployment at AOD Federal Credit Union support zero-trust security?

BIO-key’s deployment supports zero-trust by tightly binding identity verification to each user’s biometrics. According to AOD’s CIO, combining biometric authentication with multiple MFA options enhances identity assurance, reduces risk, and aligns with the credit union’s zero-trust strategy without adding user friction.