WALL, NJ--(Marketwired - Aug 1, 2016) - BIO-key International, Inc. (OTCQB: BKYI), a trusted provider of enterprise and consumer biometric software and hardware authentication solutions, today announced it has signed a strategic sales and distribution agreement with Access Sales Group (ASG) for distribution of its fingerprint biometric readers and software into high-volume retail and enterprise channels. 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, warehouse clubs, retail TV, electronics distributors and the federal government.
"We are very excited about launching BIO-key's secure authentication solutions into national distribution, dealer VAR/VAD, enterprise and retail partners. This technology delivers ease of use for secure sign-in for Windows Hello-enabled sites and applications. Most consumers and enterprise customers are looking for an easy solution to address the inefficiencies of passwords and prevent credential misuse," stated Norman Yohay, President of ASG.
"Since its launch a year ago, Windows 10 is already running on 350 million devices. Leveraging the Windows Hello™ biometric support built into Windows 10, BIO-key's hardware and software is well positioned as the strongest, most convenient and cost effective authentication choice for Windows 10 users," stated Mike DePasquale, BIO-key Chairman and CEO.
"Customers tell us that improved security and a simplified end-user sign-in experience are among the primary reasons they choose Windows 10," said Margaret Arakawa, Microsoft General Manager, U.S. Windows 10 & Devices. "BIO-key is our strategic partner that extends Windows 10 biometrics capability and helps bring Windows Hello to more users."
"The scale of this opportunity requires a mass market distribution strategy and partnership that aligns with our goal of leading the Windows Hello accessory market, as well as our ability to deliver quality product in high volumes. Our three readers -- SideSwipe™, SideTouch™ and EcoID™ -- each provide Windows 10 customers with an easy-to-use, plug-and-play fingerprint sign-in solution that allows them to eliminate their use of passwords," continued DePasquale.
In preparation for the August 2nd release of the Windows 10 Anniversary Update, BIO-key worked closely with Microsoft's device team to ensure that its line of compact USB fingerprint readers are certified for Windows Hello, and ready for web and application security extensions to use Windows Hello to sign in to Microsoft Edge compatible web sites and apps such as iHeartRadio. BIO-key scanners are also backed by our enterprise authentication software, allowing large and small enterprises to leverage BIO-key solutions in Active Directory and web authentication environments.
About BIO-key (www.bio-key.com)
BIO-key is revolutionizing authentication as our easy to use biometric solutions enable convenient and secure access to information and financial transactions. We eliminate passwords, PINs, tokens and cards and make it easy for enterprises and consumers to secure their devices as well as information in the cloud. Our premium finger scanning devices SideSwipe and EcoID offer market-leading quality, performance and price.
Microsoft (NASDAQ: MSFT) (@microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.
About ASG (http://accesssalesgroup.com)
Access Sales Group is a national representative company that specializes in sales and marketing of Consumer and Computer Technology. The company has over 35 years' experience selling into the North American Retail marketplace and Dealer VAR channels. ASG has supported the launch of Logitech, Canon, Apple and Belkin products throughout its channel partners and currently supports Fellowes IT channel distribution strategies.
BIO-key Safe Harbor Statement
Certain statements contained in this press release may be construed as "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 subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue, our ability to develop new products and evolve existing ones, market acceptance of biometric solutions generally and our specific offerings, our ability to expand into the Asian market, the impact on our business of the recent financial crisis in the global capital markets and negative global economic trends, and our ability to attract and retain key personnel. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, Inc., see "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 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 undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made.