Biometrics stocks wrap: Ping Identity, Goodix, BIO-key, Zwipe, ImageWare, FPC, OneSpan, Okta

Biometrics stocks wrap: Ping Identity, Goodix, BIO-key, Zwipe, ImageWare, FPC, OneSpan, Okta

Multi-factor authentication (MFA) from Ping Identity has been launched to the AWS Marketplace, allowing customers to quickly procure and deploy its technology to secure home workforces and add an extra layer of security to their AWS infrastructure, according to a company announcement.

PingID MFA enables enterprises to secure applications with strong authentication, regardless of where they are running, Ping says. The company is now an Advanced Technology Partner in the AWS Partner Network (APN), and has been granted AWS Security Competency status.

“Ping Identity is committed to working with AWS to address the security needs of today’s enterprises as they continue their digital transformation initiatives and migrate to the cloud,” says Loren Russon, vice president of product management and technology alliances at Ping Identity. “Adding PingID to AWS Marketplace is another important step in helping our global customers quickly increase security at scale and enable secure work from home solutions.”

The company launched a pair of passwordless authentication offerings with biometrics support, one for employees, a month ago.

Goodix in-ear detection wins Edison Award

The capacitive in-ear detection (IED) and touch control from Goodix for smart earphones has won an Edison Award in the Personal Technology category. IED and capacitive touch controls have been integrated with headphones from Oppo.

The Edison Awards is an annual competition for product and service development, marketing, human-centered design and innovation, established in 1987.

BIO-key set to fulfill hardware demand despite pandemic disruption

BIO-key has sufficient biometric hardware inventory to meet expected demand, as its support team helps customers shift to remote workforces with its biometric MFA technology, according to an update from the company’s Chairman and CEO Mike DePasquale.

The company has itself transitioned to a near 100 percent remote workforce, and has adjusted its operations to continue “as effectively as possible given the circumstances.”

Company owned by Zwipe CEO purchases shares

Zwipe has announced a purchase of 280,000 shares by Energetic AS, which is owned by CEO André Løvestam, at a price of NOK 4 per share, the company says in a primary insider transaction notification. Most of the shares were bought in a direct OTC transaction settled through a transfer of shares in unlisted company My Beat AB, and 15,724 were bought through Merkur Market.

Energetic AS now holds 480,000 shares in Zwipe.

Investment research firm Redeye meanwhile is reiterating its valuation of Zwipe, which includes a potential upside of NOK 25, saying risks for the company have decreased, improving the stock’s sentiment.

ImageWare Systems board member exits

ImageWare Systems has filed notice that John Cronin has resigned his position on the company’s Board of Directors, though not due to any disagreement about its operations, policies, or practices. Cronin will continue to work with ImageWare on intellectual property monetization, according to the announcement.

Fingerprint Cards to deliver interim Q1 report earlier, OneSpan to report

Fingerprint Cards has moved up the interim report for the first quarter of 2020 by ten days to May 4, in order to provide the market with needed up-to-date information, given the exceptional circumstances.

OneSpan will deliver its Q1 2020 results on May 5. A conference call will be held to discuss the results at 4:30 p.m. ET that day, with a live webcast available through its investor relations site, and a replay available shortly after the call.

Okta partners with IBM to customize identity solutions for companies transitioning to cloud

Okta has formed a partnership with IBM Security Services, adding Okta Identity Cloud to the latter’s end-to-end consulting and managed services for IDaaS platforms. The combinations enables the delivery of customized identity solutions for organizations as they transition to cloud and hybrid environments, according to an Okta blog post[https://www.okta.com/blog/2020/04/ibm-okta-are-helping-the-worlds-largest-organizations-move-to-the-cloud/].

The company just launched support for biometric passwordless identity verification with the Okta Identity Cloud through its new FastPass feature.

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