Biometric luggage padlock combines BIO-key engineering and IDEX fingerprint sensor

BIO-key’s new TouchLock TSA luggage padlock combines BIO-key engineering and a fingerprint sensor from IDEX. The heavy-duty travel lock, approved by the U.S. Transportation Security Administration for use at all airports and on cruises, is being featured this week at Tax Free World Association’s TFWA World Exhibition and Conference for the duty-free and travel retail industry by BIO-key partner, the Travel Retail Distribution Group. Users simply place their fingerprint on the fingerprint sensor to open the lock. Up to 20

U.S. insurance provider selects BIO-key fingerprint solution

An unnamed U.S. insurance provider focused on retirement products with total assets of nearly $250 billion has selected BIO-key EcoID fingerprint readers as an added layer of hardware-based user authentication to complement its existing password-based sign-in credentials for thousands of employees. BIO-key’s EcoID solution, tested and qualified by Microsoft for use with Windows Hello, is a durable, compact, standalone USB-compatible fingerprint scanner designed for commercial use. EcoID is native to the Windows Hello biometric sign-in platform and includes a three-foot

Biometrics industry stocks this week

As the biometrics industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. -BIO-key International has been having a good summer. Shares were trading as low as $2.09 this past May. But the stock has advanced to trade above $3.40 this week. To celebrate BIO-key executives had the

BIO-key announces two new new sales and marketing deals in Asia

BIO-key International has secured two new customers in Asia for its TouchLock line of biometric travel padlocks. BIO-key executed a contract with SmarTone, a wireless telephone service provider in Hong Kong and Macau, as part of a broader strategic sales and distribution partnership to offer TouchLock padlocks through SmarTone’s online store and retail outlets. The biometrics software and technology provider also revealed that an Asian airline will be distributing TouchLock padlocks as an incentive item in its customer loyalty reward

This week in biometrics industry stocks

As the biometrics industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each Friday for a rundown of the financial news and interesting ideas from the week that was. Earnings season is well underway. Across the economy companies are reporting second quarter results. Within the biometrics sector this quarter’s results were affected by Petya, the random timing of contracts in the tech sector and

BIO-key approved for Nasdaq listing

BIO-key International, Inc. announced that its common stock has been approved for listing on the Nasdaq Capital Market, effective with the start of trading on Tuesday, July 25, 2017. The company said its shares will continue to trade under the symbol BKYI. “Our Nasdaq listing is a significant milestone for BIO-key and our shareholders, that underscores our ramping sales momentum so far this year,” Michael DePasquale, chairman and CEO of BIO-key, said. “We continue to see growing interest in the

BIO-key reports interest in its fingerprint solutions from healthcare organizations

BIO-key International reports that it has received orders from ten healthcare organizations for its fingerprint biometric solutions during the second quarter of 2017. The orders represent approximately $250,000 in revenue from a range of new and existing customers. The organizations, which include hospitals, eye care centers, medical device manufacturers, medical labs and group practices, are utilizing BIO-key solutions to address online security concerns, improve workflow and meet multifactor compliance requirements. “BIO-key is achieving particularly strong sales traction in healthcare, expanding

Microsoft selling BIO-key’s line of USB fingerprint readers in retail and online stores

BIO-key International recently announced that the company’s line of compact USB fingerprint reader accessories are now available for retail sale on Microsoft’s online store and at Microsoft retail stores nationwide. The SideSwipe, SideTouch and EcoID devices are available for $39.99 USD each. “We’re excited to see BIO-key’s line of accessories enter the market as some of the first to use the power of touch to securely and quickly unlock devices, apps and services with Windows Hello,” said Aaron Woodman, General

BIO-key’s compact EcoID and SideTouch fingerprint readers enable biometrics for Windows

With the release of Windows 10, many consumers are quick to notice changes to the Start Menu and Action Center, but the new Windows Hello identity management program may be the improvement with the most lasting impact. BIO-key has launched a pair of new fingerprint readers to allow consumers to take full advantage of biometrics to secure their non-mobile or less-mobile devices. BIO-key’s EcoID for desktops and SideTouch for tablets and laptops leverage the biometric capabilities built into Windows 10,

BIO-key signs strategic sales and distribution agreement with Access Sales Group

BIO-key International has signed a strategic sales and distribution agreement with Access Sales Group for distribution of its fingerprint biometric readers and software into high-volume retail and enterprise channels. Access Sales Group (ASG) is a national representative company that specializes in sales and marketing of consumer and computer technology. ASG has extensive VAR/VAD distribution along with a retail partner network with expertise in driving new products through the retail sales channel. ASG’s network includes mass market retailers, consumer electronics stores,