Biokey International Inc (BKYI)

[topseeded]

BIO-key introduces compact fingerprint reader.
Wall, NJ / ACCESSWIRE / September 30, 2014 / BIO-key International, Inc. (BKYI), a leader in fingerprint biometric identification technologies, cloud-based mobile credentialing and identity verification solutions, today reported the company is introducing a revolutionary compact fingerprint reader. SideSwipe offers an unprecedented combination of quality and affordability for mainstream deployment of fingerprint technology to mass markets. SideSwipe's innovative design incorporates a high-quality fingerprint scanner into an ergonomic, cable-free design for USB-equipped tablets, laptops and other mobile form factors; allowing on-the-go enrollment and identification on the device or to the cloud.

At a single unit price of $34.99 SideSwipe meets the industry's need for a low-cost, compact, high-quality USB fingerprint scanner that enterprise customers can leverage for large-scale consumer use. The need for convenient strong authentication is at unprecedented levels; yet most 2 factor solutions add too much friction to the authentication process, at the cost of being secure, negatively impacting utilization. While BIO-key has operated primarily as a software development company through its 21 year history, we recognize that customers need a complete solution, at a competitive price to deploy strong authentication for millions of end users. Consumer endpoints must be enabled with fingerprint scanners and SideSwipe is the perfect product, at the perfect time, to make that economically feasible. SideSwipe's form factor is tiny and unobtrusive. Plugged-in, the dimensions are 0.75"L x 0.6"W x 0.5" H, and the device can remain attached to laptops and tablets if the need requires. SideSwipe will be available to enterprise customers both directly from BIO-key and through select distribution partners in North and South America.

The SideSwipe compact fingerprint reader will join other low cost, high quality BIO-key swipe devices and area scanners, including the latest generation sensor from NEXT Biometrics. all being introduced for desktop use to enable a variety of endpoint form factor options.

Security analysts from Gartner and Goode Intelligence are forecasting a rapid increase in the utilization of biometric technology in both the commercial and consumer sectors in the next 2 years. Ongoing security challenges such as data breaches, remote access compromises and identity theft continue to act as drivers for the adoption of biometrics as a security solution. By reducing the cost of high-quality hardware, BIO-key is opening the door for broader adoption of fingerprint biometric authentication.

"This is a significant announcement for BIO-key and for our industry," stated Mike DePasquale, Chairman and CEO, BIO-key International. "The SideSwipe scanner sets new benchmarks for price point, size and product quality. We all understand that the future for biometric technology is bright, but the market needs a catalyst to expedite adoption. Paired with our WEB-key solution, any enterprise can deploy a market competitive, cost effective and highly secure biometric authentication option to eliminate passwords or tokens. Additionally, for our larger enterprise and OEM customers, SideSwipe offers a unique branding opportunity. The case of the SideSwipe reader can easily be branded with a company logo / icon and then offered to customers as an additional layer of security or as part of a loyalty program. We anticipate that our existing customers will immediately want to take advantage of the benefits of SideSwipe and we believe that our pipeline of prospects will also see the potential of groundbreaking new product," added DePasquale.

http://finance.yahoo.com/news/bio-key-r-launches-compact-120000004.html