BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in finger-based biometric identification solutions, today announced that SC Magazine, one of the world's most respected security publications, named BIO-key International the 2009 Innovator of the Year in the Access Control sub-category Biometrics.
According to Peter Stephenson, technology editor, SC Magazine, "Biometric providers have been trying for years to get the formula for effective biometrics working - at a reasonable price. This year's selection may have gotten the recipe right though. BIO-key International has attacked two major problems with biometrics: cost and accuracy."
"This innovator has combined a unique technology with a creative go-to-market strategy. They have focused not on selling hardware, but on providing the best biometric software, a secure infrastructure for integrating biometrics into the enterprise, and the vision to integrate fingerprint biometrics into the application level. We selected BIO-key International for its technology and its creative business practices. These guys are the ones to compete with. For now, anyway, they own their market space," continued Stephenson.
"It is great to be recognized by SC Magazine, the world's leading industry magazine for IT security professionals. This recognition validates our business model and belief BIO-key has the world's most accurate and scalable finger biometric technology. As the biometric market continues to fully emerge, we believe our long and sustained investment in technology, our premier biometric customers and our licensing and reseller business model provide us with the opportunity to be a high-margin growth business," said Mike DePasquale, CEO of BIO-key.
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