Biokey International Inc (BKYI)

[topseeded]

An SEC Form 4 was filed today by BIO-key Director Kwok Fong Wong to show he acquired 6,200,000 more shares of BIO-key stock on Friday. He now owns 12,594,947 shares and about 12% of the company.

The form says the price was $0.30 per share, but BIO-key hasn’t been above $0.22 in months. I gather the large purchase drove the price up.
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I’m hoping this filing is related to the news today about BIO-key signing an agreement with Shinden Hightex Corp. headquartered in Tokyo, Japan.
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HONG KONG / ACCESSWIRE / November 21, 2016 / BIO-key International, Inc. (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 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.
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Best of Luck.