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. Yet another major data breach has come to light. The latest announcement comes from governance-challenged, ride-hailing service Uber, which admitted it lost massive amounts of use data in a hack that occurred months ago. The

B.C. government expands use of BIO-key fingerprint authentication solution

The Province of British Columbia is expanding its use of BIO-key’s fingerprint authentication solution, WEB-key. The B.C. government first deployed BIO-key’s technology in 2012 to enable secure self-service access for identity information management and authentication services. Now, BIO-key’s WEB-key solution is being deployed into new areas, leveraging biometric authentication to augment physical access control in a new facility. “By leveraging international standards for biometric data, BIO-key is able to provide the Province with a flexible, secure, and highly scalable platform

BIO-key CEO to present at security investor conference

BIO-key CEO Michael DePasquale will present at next month’s 14th annual Imperial Capital Security Investor Conference. This institutional investor conference connects over 65 public and private security-focused companies with an audience of more than 400 key investors and business leaders. SIC provides investors access to senior management teams while they present their positioning and strategic growth plans. Just last week, the biometric software and hardware solutions developer reported a 118 percent revenue increase in its third quarter revenue report, driven

Home Shopping Network to feature BIO-key fingerprint reader

BIO-key’s SideTouch fingerprint readers for Windows will be featured on the Home Shopping Network (HSN) Wednesday, September 27th airing during the 8 p.m. hour ET. SideTouch is compatible with Windows Hello, allowing users to substitute fingerprint authentication for their passwords/PIN and seamlessly sign in to their device. Users enroll by simply plugging the reader into their device’s USB port. Using SideTouch and Windows Hello, users can also access applications such as Dropbox, EnPass, 8 Zip, Cloud Drive!, FourBudget, ShareFile, Passwords

BIO-key to host Q1 2017 earnings conference call

BIO-key International will issue its Q1 2017 results post-market on May 15, and management will host a conference call to review the results on May 16 at 10:00 am EDT. Chairman and CEO Mike DePasquale, CFO Cecilia Welch and COO Barbara Rivera will be participating on the call. The company recently raised $1 million through the sale of common stock priced at $3.60 per share through a private placement with an existing investor and member of its Board. At the

BIO-key issues Q4 2016 results with revenue of $1.7M

BIO-key International, Inc. issued the financial results for its Q4 2016 and year end, in which its Q4 2016 revenue increased to $1.7 million compared to $1.67 million in the same period one year ago. The company saw a decline in service revenues of $47,080, however, this was more than offset by an increase in license fees, hardware and other revenue of $75,218. This can mostly be attributed to a $1 million software subscription recorded in Q4 2016, the company

BIO-key participating in small stock investor event

BIO-key CEO Mike DePasquale will be presenting at the MicroCap Conference next month in New York City. The MicroCap Conference offers small and microcap stock investors the chance to meet with management of small companies. The conference takes place on Tuesday April 4th in New York City at the Essex House. A number of BIO-key‘s strategic alliance partners including Allscripts, Aventura, Caradigm, Epic, HealthCast Solutions, HID Global, IBM, KSI Keyboards, Microsoft and Oracle recently presented the company’s biometric authentication solutions

BIO-key scores million dollar enterprise biometric subscription contract

BIO-key has secured an initial $1.1M subscription contract for its enterprise biometric authentication platform from a leading Fortune 500 customer. BIO-key’s software-based fingerprint biometric platform was selected to provide secure authentication to customer records and other enterprise resources for several hundred thousand of the customer’s personnel worldwide. The contract will also include initial sales of BIO-key’s fingerprint scanners, with significant additional scanner orders anticipated as the customer expands their deployment. BIO-key expects to record revenue from the contract in the

Barbara Rivera named BIO-key`s Chief Operating Officer

BIO-key International has appointed Barbara Rivera as Chief Operating Officer, a new position at the company. She will be responsible for overseeing business operations with a focus on marketing and product development, in support of the company’s growth initiatives. Ms. Rivera previously served on BIO-key’s Board. According to a company statement, Ms. Rivera possesses substantial expertise, a broad base of technology industry relationships, and a record of accomplishment at some of the world’s largest technology service providers, with particular insight

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,