SANTA ROSA, Calif. and WALL, N.J., Oct. 31, 2022 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer identity and access management (IAM) solutions featuring Identity-Bound Biometrics (IBB), today announced its PortalGuard Identity-as-a-Service (IDaaS) footprint continues to grow within the California Community College System. Santa Rosa Junior College, with a student enrollment of approximately 20K, elected to migrate its current BIO-key on-premises solution to the PortalGuard IDaaS cloud solution. The migration enables the school to accomplish more with its IT budget by eliminating the costs and resources of on-premise hosting and deploying a cloud IAM solution that is ideally suited to the on-campus/off-campus nature of learning today.
PortalGuard IDaaS provides a complete IAM cloud-based platform with flexible options for single sign-on, multi-factor authentication, adaptive authentication, and self-service password reset. Colleges and universities are high-value targets because they hold masses of sensitive personal and financial data that are attractive targets for cyberattacks. The growth in remote learning has created budgetary, and personnel pressures for IT teams seeking to adopt a dynamic security response. BIO-key has a proven track record with higher-educational institutions looking to improve their security posture and migrate their cybersecurity strategy to the cloud while helping address remote access and budgetary challenges.
"We value our partnership with the California Community College System and are pleased that PortalGuard IDaaS has been so well received in this community," said Mark Cochran, President of BIO-key - PortalGuard. "BIO-key is ready to assist institutions with their strategic cloud security initiatives to reduce the risk of cyberattacks, which can result in data breaches, reputational damage, operational disruption, and potentially extreme financial loss. Gartner predicts that consolidated security platforms like PortalGurd IDaaS are the future because security and risk management leaders continue to be asked to do more with less � facing more demand for service, fast-changing threat landscapes, and insufficient internal IT staff. PortalGuard IDaaS ensures our customer's cyber threats are addressed appropriately and cost-effectively."
About BIO-key International, Inc. (www.BIO-key.com)
BIO-key has over two decades of expertise in providing authentication technology for thousands of organizations and millions of users and is revolutionizing authentication with biometric-centric, multi-factor identity and access management (IAM) solutions, including its PortalGuard IAM solution that provides convenient and secure access to devices, information, applications, and high-value transactions. BIO-key's patented software and hardware solutions, with industry-leading biometric capabilities, enable large-scale on-premises and cloud-based Identity-as-a-Service (IDaaS) solutions, as well as customized enterprise solutions.
BIO-key Safe Harbor Statement
All statements contained in this press release other than statements of historical facts are "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 not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue; our ability to raise additional capital; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; the duration and severity of the current coronavirus COVID-19 pandemic and its effect on our business operations, sales cycles, personnel, and the geographic markets in which we operate; delays in the development of products and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption see "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2021 and 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. Except as required by law, the Company undertakes no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise. Additionally, there may be other factors of which the Company is not currently aware that may affect matters discussed in forward-looking statements and may also cause actual results to differ materially from those discussed. In particular, the consequences of the coronavirus outbreak to economic conditions and the industry in general and the financial position and operating results of our Company, in particular, have been material, are changing rapidly, and cannot be predicted.
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BIO-key Media Contact:
William Jones, David Collins