BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in finger-based biometric identification solutions announced the award of another contract for a fingerprint biometric identity solution built on the fusion of BIO-key and MorphoTrak algorithms. The first contract for this fused solution, awarded to MorphoTrak (a Morpho company) by Lockheed Martin in September 2009, provides fingerprint identification technology for the FBI's Next Generation Identification (NGI) system. This new contract will provide large scale advanced finger matching technology to an overseas customer.
"The selection of BIO-key technology for another large-scale fingerprint identity system is further validation of BIO-key's position as one of the premier suppliers of the industry's most accurate and scalable fingerprint matching technology," said Mike DePasquale, BIO-key's CEO. "As I predicted when we announced the first contract awarded for this fused solution, other agencies and commercial customers, looking to take advantage of the research, testing and decision by the FBI may reasonably conclude: 'If it is good enough for the FBI, it's certainly good enough for our organization.'"
Daniel Vassy, CEO of MorphoTrak, added: "We are very pleased to once again have an opportunity to deploy this fused fingerprint biometric ID solution to meet the needs for a large-scale identity program. This additional contract enhances our position as the leading provider of fingerprint identification systems, supplying law enforcement and civil identification systems to numerous local and Federal government agencies worldwide."
New machine learning model achieves breakthrough in heart disease prediction with over 95% accuracy