SOURCE: BIO-key International, Inc.

BIO-key International, Inc.

May 02, 2016 08:00 ET

Biometric ID Provider BIO-key Names Accomplished International Mobility and Software Technology Executive Pieter Knook to Its Board

WALL, NJ--(Marketwired - May 2, 2016) - BIO-key International, Inc. (OTCQB: BKYI), an innovative provider of biometric software and hardware solutions for stronger user authentication, today announced the appointment of Pieter Knook to BIO-key's Board of Directors. The addition enhances the global presence of BIO-key's board to three internationally based directors and expands the board to eight members.

Mr. Knook is a broadly skilled senior executive with over 30 years of leadership experience in Mobility and Software technology in Europe, Asia and America. He was previously Director of Internet service at Vodafone, UK, following 18 years at Microsoft, where he served as one of the company's top 25 executives. As President of Microsoft Asia from 1997 to 2001, Mr. Knook led the company's efforts in opening and expanding in Asian markets. As SVP of Microsoft's Mobile Communication Business from 2001 to 2008, he transformed a struggling business and led it to 40% annual revenue growth, including the development of a new mobile platform business with sales of more than 20 million units a year.

Mike DePasquale, Chairman & CEO of BIO-key, commented, "We are thrilled to have someone with Pieter's experience and track record join our Board. With the addition of Pieter, who is located in the UK, we now have a worldwide presence with two Directors in Asia, one in the UK and the remaining members in the US, a clear testament to the emerging global footprint of our business. Pieter's experience can immediately add value to BIO-key's current marketing alliance with Microsoft as well as our efforts to expand our footprint in both Europe and Asia."

Mr. Knook said, "I am honored to join BIO-key at this very exciting time. I look forward to supporting their expansion efforts, including their recently established Hong Kong subsidiary and the development of mobile technology that utilizes the security and convenience of fingerprint biometrics."

"Pieter brings strong enterprise business and technology leadership experience," said Tom Gilley, BIO-key Director and Chair of the Board's nomination committee. "I have personal Board experience with Pieter and am really pleased he has agreed to join the BIO-key Board."

Mr. Knook is also on the Board of Directors of TDC, a leading communications and Pay-TV solutions provider in Denmark, First Utility, the UK's leading independent energy provider, and Pulsant, a UK-based cloud solutions provider. Mr. Knook earned an M.A. degree in Electrical Sciences from Cambridge University, UK.

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.

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.

Contact Information

  • Investor & Media Contacts:
    David Collins
    William Jones
    Helen Sun
    Catalyst Global
    212-924-9800
    bkyi@catalyst-ir.com