Biokey International Inc (BKYI)

[wickw50]

BIO-key Signs Agreement with Shinden Hightex Corporation to Market and Sell Company's Line of Compact Fingerprint Readers in Asian Market
SideTouch, SideSwipe and EcoID made Readily Available for Windows Customers Throughout APAC

HONG KONG, Nov 21, 2016 - (JCN Newswire) - BIO-key International, Inc. (OTCQB: BKYI), an innovative provider of biometric software and hardware solutions for strong and convenient user authentication, announced today that the company has signed an international distribution agreement with Shinden Hightex Corporation (JASDAQ:3131) a specialty electronics components trading organization headquartered in Tokyo, Japan. Shinden Hightex Corporation started in 1995 and today has over 150 employees in the APAC region and revenues exceeding $450M USD. The company has offices throughout Japan and regional offices in Seoul, Bangkok, Hong Kong and Singapore. Shinden Hightex Corporation's list of offerings includes LCD, RF-ID Cards and Semi-Conductor products. Marquee customers include Toshiba, Sony, NEC, Ricoh and Panasonic.

"BIO-key is highly committed to serving the demand for convenient online security in the APAC market," stated Wong Kwok Fong, Managing Director, BIO-key Hong Kong Limited. "Enterprises and consumers in this market have been early adopters of biometric technology, as they embrace the benefits the technology delivers. Our new line of compact fingerprint readers for Windows is revolutionizing the way the world is conducting online authentication and Shinden Hightex Corporation has cultivated and managed relationships with many companies in the APAC market, that could immediately benefit from our technology", added Wong.

"We are very excited about adding BIO-key's secure authentication solutions as our new product portfolio into national distribution through our enterprise and government. Security is the biggest concern in Japan which must be built quickly as social infrastructure, especially toward for the Olympic Games that will take place in Tokyo, Japan in 2020. It is very much an honor that we are able to deliver BIO-key's products and solutions to protect us from security threats", stated Tamotsu Shiroshita, President of Shinden Hightex Corporation.

About BIO-key ( http://www.bio-key.com )(@BIOkeyIntl)

BIO-key is Revolutionizing Authentication as our easy to use biometric solutions enable convenient and secure access to information and financial transactions. We eliminate passwords, PINs tokens and cards and make it easy for enterprises and consumers to secure their devices as well as information in the cloud. Our premium finger scanning devices SideTouch, SideSwipe and EcoID offer market leading quality, performance and price. Now anyone can BIO-key their world! ( http://www.bio-key.com )

About Shinden Hightex Corporation ( http://www.shinden.co.jp/english/ )

Shinden Hightex Corporation is a specialist trading firm dealing in the sale of electronics components and products. Since company establishment, has been delivering the products and solutions to precisely meet the needs of customers by ascertaining technology, quality and specifications with expert eyes from among a great number of products, as the function of a trading company, but also supply chain management which allows company to flexibly support significant technological innovations and market conditions that change on a daily basis.

BIO-key Safe Harbor Statement

Certain statements contained in this press release may be construed as "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 subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue, our ability to develop new products and evolve existing ones, market acceptance of biometric solutions generally and our specific offerings, our ability to expand into the Asian market, the impact on our business of the recent financial crisis in the global capital markets and negative global economic trends, and our ability to attract and retain key personnel. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, Inc., see "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 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 undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made.

Contact:

Twitter: @BIO_KeyIR
Investor & Media Contacts:
David Collins, William Jones
Catalyst Global
[phone]
[e-mail]

SOURCE: BIO-key International, Inc.


Nov 21, 2016 08:00 HKT/SGT
Topic: Press release summary
Sectors: Security/Biometrics
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