WALL, N.J., May 2 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI), the leader in finger-based biometric identification and wireless public safety solutions, announced that its WEB-key(TM) fingerprint identification technology has been selected by the Government of Indonesia's Ministry of Home Affairs for its national Population Registration System. When fully implemented, it is expected that more than 230 million individuals will be enrolled in the system, making it by far the largest fingerprint database in the world. The system will allow for very fast processing and authentication to guard against fraudulent duplicate enrollments as a prerequisite to issuing a National Identification Card. The device interoperable will also enable investigation and identification capability for civil and criminal applications. Tom Colatosti, BIO-key's Chairman said, "Full deployment of this system will have four times as many enrollees as any biometric database in the world today. Moreover, it will be deployed at a fraction of the cost of much slower, less scalable, less accurate systems implemented with first-generation fingerprint technologies." "The Ministry of Home Affairs is creating an innovative Population Information and Administration System (SIAK) under the guidance of the United Nations handbook for Population and Vital Registration. SIAK is a centralized N-Tier Mission Critical system built using cutting-edge Technology, and will be the Information Repository for Banks, Immigration, Tax, Health and other government departments. SIAK will protect the identities of all 230 million citizens of our country, issuing each a Unique Identity Number, preventing identity fraud and supporting future finger-only identification scenarios," said Mr. Wahyudi, WP, Director of Information and Population Administration. "What we needed was a means to achieve real-time, automated positive ID using only one or two fingers, a web-based infrastructure and including handheld devices and an open-ended choice of fingerprint scanners. With the benefit of starting with a clean slate, we found that BIO-key's WEB-key platform uniquely allows us to achieve our goals, and at a small fraction of the cost of first generation solutions. BIO-key's WEB-key is an ultimate biometric solution for our Population Administration System." In addition to its superior accuracy, WEB-key's advanced clustering architecture will allow the system to gracefully expand from initial deployment to the full scale rollout, simply by adding data center standard, commodity Linux servers to BIO-key's clusters. Industry standard open platforms such as Linux and Oracle can deliver dramatic savings over proprietary first generation systems. Additionally, the system will employ BIO-key's support for wireless PocketPC-based devices, allowing mobile collection of enrollment data, and supporting anytime, anywhere identification. Mike DePasquale, BIO-key's CEO stated, "We are proud to have developed the world's most accurate and scalable fingerprint indexing technology and we continue to see strong demand for our solutions on a global basis. This application is representative of a new generation of real-time, live-scan ID systems being considered around the world. Indonesia's Ministry of Home Affairs has recognized that such systems demand a next-generation approach to fingerprint identification technology, and will lead the world in creating a new standard in large scale ID systems." About BIO-key BIO-key develops and delivers advanced identification solutions and information services to law enforcement departments, public safety agencies, government and private sector customers. BIO-key's mobile wireless technology provides first responders with critical, reliable, real-time data and images from local, state and national databases. BIO-key's high-performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise data to improve security, convenience and privacy and to reduce identity theft. Over 2,500 police, fire and emergency services departments in North America use BIO-key solutions, making BIO-key the leading supplier of mobile and wireless solutions for public safety worldwide. ( http://www.bio-key.com ) BIO-key Safe Harbor Statement This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. The words "estimate," "project," "intends," "expects," "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 Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events. For more information contact: Julie Garand 508-460-4036 Julie.garand@bio-key.com SOURCE BIO-key International, Inc.
Contact Information: Julie Garand of BIO-key International, Inc., +1-508-460-4036, Julie.garand@bio-key.com
WALL, N.J., May 3 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI), the leader in finger-based biometric identification and wireless public safety solutions today announced that BIO-key's has secured a patent for its award-winning leadership Vector Segment fingerprint technology (VST) or "Image Identification System." The US Patent office will issue patent number 6,895,104 on May 17, 2005 for BIO-key's core biometric analysis and identification technology. In addition to this filing, applications are in process in a number of other countries to ensure the worldwide protection of BIO-key's revolutionary technology. The patent protects 39 claims for BIO-key's biometric identification intellectual property in the areas of image analysis, data extraction, and indexing. These technologies are core essentials in BIO-key's ability to perform what is known as single factor "one to many identification." Previously, deploying real-time, large-scale biometric searching systems was not practical without a significant investment in computer hardware. This patent outlines a new and innovative methodology of characteristic rankings to optimize the search process as well as detailing novel approaches of indexing for identification, making real time large scale matching practically and economically deployable. This capability provides customers the ability to perform accurate, real-time identification of individuals in extremely large databases of millions of people, requiring only a single fingerprint. BIO-key's matchless accuracy enables customers to reliably identify individuals without the necessity of added cost and time of acquiring multiple fingers, multiple biometrics or any other form of identification. "This patent protects our unrivalled intellectual property. It combines with our open-ended scalability, allowing customers to easily expand their systems to meet their growing requirements. Our unparalleled openness and ability to interface with the widest selection of commercially available readers, sets BIO-key apart in its ability to deliver economical, scalable and practical identification solutions" said Mike DePasquale BIO-key's CEO. He added, "BIO-key is continuing to push the envelope, proceeding with additional patents in image enhancement, application security, device security and broader identification technologies." Tom Colatosti, Chairman of BIO-key's board concluded, "This patent is critical to protecting our core intellectual property and technology and validates our huge competitive advantages. We remain focused on providing practical and cost-effective solutions to one of the most vexing problems facing government, companies and individuals alike -- preventing identity theft and fraud. The applications for our technology are cross all markets from banking and healthcare to government covering a myriad of vertical applications from social security, driver license and passport documents applications to electronic or physical access control. Our VST technology represents a new paradigm in fast, accurate, scalable and cost-effective identification solutions." About BIO-key BIO-key develops and delivers advanced identification solutions and information services to law enforcement departments, public safety agencies, government and private sector customers. BIO-key's mobile wireless technology provides first responders with critical, reliable, real-time data and images from local, state and national databases. BIO-key's high-performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise data to improve security, convenience and privacy and to reduce identity theft. Over 2,500 police, fire and emergency services departments in North America use BIO-key solutions, making BIO-key the leading supplier of mobile and wireless solutions for public safety worldwide. ( http://www.bio-key.com ) BIO-key Safe Harbor Statement This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. The words "estimate," "project," "intends," "expects," "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 Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events. For more information contact: Julie Garand 508-460-4036 Julie.garand@bio-key.com SOURCE BIO-key International, Inc.
Contact Information: Julie Garand of BIO-Key, +1-508-460-4036, or Julie.garand@bio-key.com
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You guys are missing out on a great stock. This should be a great play from now with two days of great news. Look at the DD I provided in this thread. Also, the MM's are lining up and cometing with one another
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