BIO-key’s PortalGuard Identity and Access Management Solution and Identity-Bound Biometrics Are Now Available on the Amazon Web Services (AWS) Marketplace
Rhea-AI Summary
BIO-key International, Inc. (NASDAQ: BKYI) has announced the availability of its PortalGuard IDaaS platform on the Amazon Web Services (AWS) Marketplace. This strategic move allows AWS customers worldwide to easily purchase and integrate PortalGuard and its Identity-Bound Biometrics (IBB) authentication solutions into their enterprise systems.
The AWS Marketplace partnership significantly expands BIO-key's reach, offering its cutting-edge authentication security solutions to a broader customer base. With 2.5 million subscribers and over 300,000 active customers, the AWS Marketplace provides a streamlined process for implementing robust Identity & Access Management and IBB security, supporting digital transformation initiatives.
This collaboration aims to simplify the integration process for enterprises seeking advanced security measures to protect digital assets and enhance user authentication cost-effectively. BIO-key's presence on the AWS Marketplace aligns with its mission to provide world-class, flexible, and secure access management and biometric identity solutions globally.
Positive
- Expanded market reach through AWS Marketplace with 2.5 million subscribers and 300,000 active customers
- Simplified purchase and integration process for BIO-key's PortalGuard and IBB solutions
- Potential for increased sales and customer base through AWS partnership
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, BKYI declined 10.48%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
HOLMDEL, N.J. , Aug. 15, 2024 (GLOBE NEWSWIRE) -- BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) software featuring passwordless, phoneless and token-less Identity-Bound Biometrics (IBB) authentication solutions, announced the availability of its PortalGuard IDaaS platform in the Amazon Web Services (AWS) Marketplace enabling AWS customers around the world to seamlessly purchase and integrate PortalGuard and its IBB authentication solutions into their enterprise. The AWS Marketplace partnership expands the visibility and reach of BIO-key’s cutting-edge authentication security solutions to a broader range of customer prospects.
The AWS Marketplace is a curated digital catalog with 2.5 million subscribers and over 300,000 active customers who can find, test, buy, and deploy software solutions designed to run on AWS. By listing its solutions on this platform, BIO-key aims to simplify the integration process for enterprises seeking advanced security measures to protect their digital assets and enhance user authentication cost-effectively. Effective identity management is crucial for running secure and efficient cloud operations, enabling seamless access for employees while maintaining control over sensitive data. With the new enablement through AWS, global BIO-key prospects can now seamlessly purchase PortalGuard directly from the AWS Marketplace. This streamlined process enables AWS customers to effortlessly implement robust Identity & Access Management and IBB security, enhancing their digital transformation initiatives.
"BIO-key’s core mission is to provide world-class, flexible, secure access management, and biometric identity solutions to organizations globally. By collaborating with AWS, we enable organizations to gain streamlined access to our top-tier technologies, helping them to address complex challenges with enhanced security and compliance,” said Michael DePasquale, Chairman and CEO, BIO-key International, Inc.
To learn more about BIO-key in AWS Marketplace, visit: https://aws.amazon.com/marketplace/pp/prodview-px343thbnhuig
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, without limitation, our history of losses and limited revenue; our ability to raise additional capital to satisfy working capital needs; our ability to continue as a going concern; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; our ability to convert sales opportunities to customer contracts; our ability to expand into Asia, Africa and other foreign markets; our ability to integrate the operations and personnel of Swivel Secure into our business; fluctuations in foreign currency exchange rates; delays in the development of products, the commercial, reputational and regulatory risks to our business that may arise as a consequence the restatement of our financial statements, including any consequences of non-compliance with Securities and Exchange Commission (“SEC”) and Nasdaq periodic reporting requirements; our temporary loss of the use of a Registration Statement on Form S-3 to register securities in the future; any disruption to our business that may occur on a longer-term basis should we be unable to remediate during fiscal year 2024 certain material weaknesses in our internal controls over financial reporting, and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023 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 | |
| Facebook – Corporate: | https://www.facebook.com/BIOkeyInternational/ |
| LinkedIn – Corporate: | https://www.linkedin.com/company/bio-key-international |
| X – Corporate: | @BIOkeyIntl |
| X – Investors: | @BIO_keyIR |
| StockTwits: | BIO_keyIR |
Investor Contacts
William Jones, David Collins
Catalyst IR
BKYI@catalyst-ir.com or 212-924-9800
FAQ
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