Press Release
Sig-Tec and BIO-key® Partnership Delivers Fast, Convenient and Biometrically Secure Identity Management Solutions
Chanhassen, MN – October 24, 2006 - Sig-Tec Corporation, an industry leader in
developing security software that specializes in strong authentication and BIO-key International, Inc. (OTC Bulletin Board:
BKYI), a leader in finger-based biometric identification and wireless
public safety solutions, today announced the availability of Sig-Tec’s identity
management security software solutions with BIO-key International’s award
winning fingerprint biometric matching technology.
The BIO-key matching software integrated into the Sig-Tec software platform provides a significantly more convenient alternative for identity management. Sig-Tec now offers companies of any size the ability to either enhance or replace their current user ids, passwords, and card based systems or tokens. These solutions provide a secure logon that is compliant with government regulations and standards (HIPAA, SOX, NCUA, ANSI INCITS and GLBA).
“We were extremely pleased with the ease and speed of integration of the BIO-key solution,” said Thomas Hoghaug, Sig-Tec President. "BIO-key was chosen because of its extremely accurate and easy to implement fingerprint matching software and its ability to interface with all major fingerprint readers. This combination provides us and our customers with a robust solution that protects their investment from their first enrollment. The flexibility to allow our customers to choose from any major fingerprint reader device, now and into the future, with existing enrollments is critical to customer satisfaction.”
“Mike DePasquale, CEO of BIO-key added, “BIO-key is pleased to add Sig-Tec to our continually expanding partner network. Whether you represent a government agency, a private consumer, or a financial, healthcare, education, or fortune 1000 concern, there is a BIO-key solution that you can adopt to replace less secure, cumbersome password or token based identification.”
About Sig-Tec Corporation
Sig-Tec is an emerging leader of patent pending security access solutions.
Sig-Tec’s strong authentication and true multifactor authentication software
supports an extensive selection of biometrics, iclass cards, smartcards, and
proximity cards to create the most flexible and reliable source for each
client’s operating environment and security needs. Sig-Tec has also just
completed development of an Enterprise Level Convergence Software solution for
physical access to its current security products that address Logical Access
Security, Print Security and Remote Desktop Access Security. Sig-Tec has
designed its products to aid in compliance with Government regulatory security
requirements such as HIPAA, Gramm-Leach-Bliley, NCUA and Sarbanes-Oxley Acts.
For more information or to schedule a Webcast, please call John Sherman at jsherman@sig-tec.com (952-294-3050) or visit www.sig-tec.com
About BIO-key
BIO-key develops
and delivers advanced identification solutions and information services to law
enforcement departments, public safety agencies, government and private sector
customers. BIO-key's mobile wireless technology provides first responders
with critical, reliable, real-time data and images from local, state and
national databases. BIO-key's high-performance, scalable, cost-effective
and easy-to-deploy biometric finger identification technology accurately
identifies and authenticates users of wireless and enterprise data to improve
security, convenience and privacy and to reduce identity theft. Over
2,500 police, fire and emergency services departments in North America use BIO-key solutions, making
BIO-key the leading supplier of mobile and wireless solutions for public safety
worldwide. (http://www.bio-key.com)
For more information, please contact Julie Garand at 508-460-4036 or at
julie.garand@bio-key.com. For Investor Contact, call Augustine Okwu Jr. at
713-529-6600 or at gokwu@drg-e.com.
BIO-key Safe Harbor Statement
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. The words "estimate," "project," "intends," "expects," "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 Private Securities Litigation Reform Act 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. The Company also 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