BIO-key International Signs New WEB-key and VST License Agreements With Three U.S. Government Agencies.Business Editors & Technology Writers MINNEAPOLIS--(BUSINESS WIRE)--Oct. 3, 2002 BIO-key International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BKYI); the leader in finger-based biometric identification Noun 1. biometric identification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or , today announced that three U.S. government customers have placed orders for BIO-key's WEB-key(TM) Internet ready, three-tiered architecture solution and VST VST VLT (Very Large Telescope) Survey Telescope VST Vietnam Standard Time (Gmt+0700) VST Virtual Studio Technology (Midiware music production technology) (TM) SDK (Software Developer's Kit) See developer's toolkit and Windows SDK. SDK - Software Developers Kit (or "Software Development Kit"). . BIO-key's "True User Identification(TM)" products enable finger-based one-to-many positive biometric identification in a wide variety of commercial and government applications for information security and access control. These initial license purchases will allow each agency to begin trial rollouts of BIO-key's finger-based identification systems, integrating BIO-key products with the agency's existing information technology networks. BIO-key's initial applications in these agencies are targeting positive identities for data network and Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. and the prevention of identity theft. Don Rosacker, President of BIO-key stated, "as a company we are beginning to realize significant results from our government sales efforts for our biometric finger identification technology. Our government business development strategy is to provide the best of breed in finger identification technology tools to systems integrators and application providers serving the government as well as selling directly to specific government agencies. These new orders confirm the performance of BIO-key's technology in meeting heightened security requirements." About BIO-key BIO-key develops and licenses advanced biometric finger identification technologies that are cost effective, scalable and easy to deploy. BIO-key products provide "True User Identification(TM)" for the prevention of data and identity theft while preventing false aliases. BIO-key pioneered the only finger identification algorithm that has been certified by the ICSA See TruSecure. , and today continues that innovation by offering cost effective, high-performance one-to-many finger and one-to one identification solutions, that provide security and positive identification for both government and enterprise applications. (http://www.bio-key.com/) BIO-key Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 and the Company 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. |
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