International Defense Ministry Awards BIO-key over $600K in Follow-On Orders for Secure Biometric Access to Critical Information
- Secured over $600K in new orders from a prestigious defense ministry client
- Large-scale deployment serving 47,000 users with 40,000 fingerprint scanners
- Solution proven more reliable and cost-effective than hardware security keys
- Potential for additional future orders as ministry expands implementation
- Strategic partnership with a highly regarded cybersecurity organization
- None.
Insights
BIO-key secured $600K+ defense contract for biometric authentication, demonstrating product validation in high-security environments with growth potential.
BIO-key has secured a significant
The contract has several notable financial implications. First, the order is expected to ship in the current quarter, providing immediate revenue recognition. Second, management explicitly states they anticipate additional awards as the ministry expands its deployment, suggesting a potential recurring revenue stream rather than just a one-time sale. The company has strategically positioned itself with a product that creates natural expansion opportunities, as the defense ministry continues to roll out biometric authentication across more users and systems.
What's particularly compelling is the competitive displacement occurring here. The press release notes their solution is "less costly and more secure than hardware security keys" - indicating BIO-key is winning on both cost efficiency and security performance against established alternatives in the authentication market. For a smaller player like BIO-key (BKYI), securing high-profile defense contracts provides both revenue and powerful reference customers for other security-conscious sectors.
The deployment scale (47,000 users) demonstrates BIO-key's ability to implement enterprise-level solutions, not just small departmental deployments. This contract strengthens BIO-key's position in the defense vertical while potentially opening doors to expansion in government, manufacturing, finance and retail sectors they specifically mentioned as target markets.
HOLMDEL, N.J., June 17, 2025 (GLOBE NEWSWIRE) -- BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer identity and access management (IAM) solutions featuring Identity-Bound Biometrics (IBB) for phoneless, tokenless, passwordless and phish-resistant authentication experiences, announced that the cyber-defense unit of one of the world’s most renowned defense ministries has placed over
The defense ministry has deployed BIO-key’s biometric authentication solution into new programs delivering convenient and positive authentication access to digital services for over 47,000 users utilizing over 40,000 BIO-key fingerprint scanners. BIO-key expects additional awards in future periods as the defense ministry expands the use of its solution.
BIO-key’s secure biometric authentication platform has proven highly reliable, less costly and more secure than hardware security keys. BIO-key worked closely with the ministry’s cybersecurity team to integrate its state-of-the-art, cloud-enabled biometric authentication with the ministry’s authentication federation platform to deliver advanced, secure biometric access to systems and applications across organizational boundaries. Because BIO-key credentials are inherent to the individual themselves, secure access cannot be shared, delegated, phished or forgotten.
Jim Sullivan, BIO-key’s SVP Strategy and Chief Legal Officer, said, “This organization is considered one of the most sophisticated consumer and developer of cybersecurity technologies in the world. It speaks volumes about BIO-key’s relentless innovation to be a component of such a strategic and sizeable deployment. BIO-key’s unique technology provides a means to quickly add new users without the need for cumbersome token or phone provisioning steps. It is an honor to be trusted to provide the highest level of security possible by ensuring only the right user can access “for-your-eyes-only” information. BIO-key sees growing adoption for high-stakes applications in the defense vertical as we continue to expand on our base of decade-plus customers deploying secure, robust solutions in government, manufacturing, finance and retail."
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.
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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.
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FAQ
What is the value of BIO-key's new defense ministry orders in 2025?
How many users are currently using BIO-key's biometric authentication system in this defense ministry deployment?
What are the advantages of BIO-key's biometric authentication solution over hardware security keys?
When will BIO-key (BKYI) deliver the new defense ministry orders?
What is the potential for future orders from this defense ministry for BIO-key (BKYI)?
