Monday, February 11, 2019 7:32:14 PM
IAM4, you say: "For the record, I don't think there is a negative implication in the fact that BIO-key OEMs ID Director for Windows."
Yet this de facto assertion itself is a negative, and a few days ago you explicitly cast doubt on BIO-key's gross margins on ID Director: "Does BKYI profit significantly on ID Director for Windows as an OEM of OmniPass, or is there a profit-share that favors the OEM?"
Certainly it is a negative if BIO-key loses the lion's share to an OEM.
Apparently the only evidence you can provide indicating ID Director is Omnipass (or as of your last post, it is now one of TWO different OEM products), is because you don't think that BIO-key has the necessary expertise. You say:
"It's a totally different technology that integrate with Windows clients and Active Directory, than it is to perform large-scale fingerprint identification. So, leave the experts in the respective fields to partner with each other...Both are excellent products. My point was that BIO-key has to pay for them, since they didn't develop the products themselves. They buy a license, and they sell a license. Whatever profit they make, is good for BKYI. But it's a bit misleading to make statements that encourage investors to think that BIO-key developed ID Director for Windows. They didn't write a single line of code."
Yet you have provided ZERO evidence of this. If BIO-key was licensing this product, it would be a material fact and would have to be stated or publicly announced somewhere. Actually, all that ID Director for Windows is, is simply WEB-key with an Active Directory component. Microsoft provides the tools for any moderately skilled programmer to develop such an integrated component. Now maybe what's confusing you is that there's ID Director for Windows, ID Director for Allscripts (https://allscriptsstore.cloud.prod.iapps.com/applications/id-13010/ID_Director), for Epic, etc. It's a port of BIO-key's API into a particular venue. Also, you may be confused because in 2011 BIO-key did integrate their matching algorithm into Softex for a telecom company (https://www.sec.gov/Archives/edgar/data/1019034/000143774912003884/ex99-1.htm):
"Launched a new program with OEM partner Softex to integrate BIO-key algorithm within Softex software to provide fingerprint sign on and authentication for 10,000 retail employees of a major wireless telecommunications company."
But this had nothing to do with ID Director. In fact, BIO-key was already selling the ID Director product or a version of this product at the time of that Softex bullet in their docs:
http://www.nbcnews.com/id/43222458/ns/business-press_releases/t/bio-key-internationalr-helps-nationwide-childrens-hospital-meet-compliance-regulations-ohio-board-pharmacy/#.XGHNdVVKhhE
2011: "BIO-key's Positive ID Director, is powered by BIO-key's award winning software. In addition to Nationwide Children's Hospital, BIO-key software is utilized by leading hospitals, blood banks, EMR & EHR providers and healthcare facilities throughout the United States and by commercial enterprise and government agencies across the globe."
But let's look more recent:
https://globenewswire.com/news-release/2018/07/27/1543327/0/en/BIO-key-Granted-U-S-Patent-for-Accelerating-Biometric-Searches-Using-Adaptive-Indexing.html
"The adaptive biometric indexing technology covered by this patent is utilized today in BIO-key’s core Vector Segment Technology (“VST”) biometric algorithm and is integrated into the Company’s WEB-key and ID Director suite of solutions." [Emphasis added.]
Here's some more links:
http://bio-key.com.sg/bio-key-id-director/
https://www.bio-key.com/biometric-authentication-solutions/id-director/
All this adds up to the fact that the situation is in fact reversed, that you are the one misleading investors.
Finally, you declare the mobile trend is facial, while I believe we will begin to see underglass fingerprint readers in the mobile market, sooner rather than later. Samsung 10S release date is a few weeks away. But I find it interesting that this was posted just a couple hours ago:
https://www.theinquirer.net/inquirer/news/3030399/galaxy-s10-release-date-specs-price-s10-plus-1tb-storage-12gb-ram-mid-march-launch
"According to online murmurs, Samsung's 10th-anniversary smartphone lineup will comprise of the Galaxy S10, S10+ and S10e. The higher-spec models, rumours suggest, could be the first to adopt Samsung's Infinity-O display, an in-display fingerprint scanner and a triple-camera..."
All JMHOs.
Yet this de facto assertion itself is a negative, and a few days ago you explicitly cast doubt on BIO-key's gross margins on ID Director: "Does BKYI profit significantly on ID Director for Windows as an OEM of OmniPass, or is there a profit-share that favors the OEM?"
Certainly it is a negative if BIO-key loses the lion's share to an OEM.
Apparently the only evidence you can provide indicating ID Director is Omnipass (or as of your last post, it is now one of TWO different OEM products), is because you don't think that BIO-key has the necessary expertise. You say:
"It's a totally different technology that integrate with Windows clients and Active Directory, than it is to perform large-scale fingerprint identification. So, leave the experts in the respective fields to partner with each other...Both are excellent products. My point was that BIO-key has to pay for them, since they didn't develop the products themselves. They buy a license, and they sell a license. Whatever profit they make, is good for BKYI. But it's a bit misleading to make statements that encourage investors to think that BIO-key developed ID Director for Windows. They didn't write a single line of code."
Yet you have provided ZERO evidence of this. If BIO-key was licensing this product, it would be a material fact and would have to be stated or publicly announced somewhere. Actually, all that ID Director for Windows is, is simply WEB-key with an Active Directory component. Microsoft provides the tools for any moderately skilled programmer to develop such an integrated component. Now maybe what's confusing you is that there's ID Director for Windows, ID Director for Allscripts (https://allscriptsstore.cloud.prod.iapps.com/applications/id-13010/ID_Director), for Epic, etc. It's a port of BIO-key's API into a particular venue. Also, you may be confused because in 2011 BIO-key did integrate their matching algorithm into Softex for a telecom company (https://www.sec.gov/Archives/edgar/data/1019034/000143774912003884/ex99-1.htm):
"Launched a new program with OEM partner Softex to integrate BIO-key algorithm within Softex software to provide fingerprint sign on and authentication for 10,000 retail employees of a major wireless telecommunications company."
But this had nothing to do with ID Director. In fact, BIO-key was already selling the ID Director product or a version of this product at the time of that Softex bullet in their docs:
http://www.nbcnews.com/id/43222458/ns/business-press_releases/t/bio-key-internationalr-helps-nationwide-childrens-hospital-meet-compliance-regulations-ohio-board-pharmacy/#.XGHNdVVKhhE
2011: "BIO-key's Positive ID Director, is powered by BIO-key's award winning software. In addition to Nationwide Children's Hospital, BIO-key software is utilized by leading hospitals, blood banks, EMR & EHR providers and healthcare facilities throughout the United States and by commercial enterprise and government agencies across the globe."
But let's look more recent:
https://globenewswire.com/news-release/2018/07/27/1543327/0/en/BIO-key-Granted-U-S-Patent-for-Accelerating-Biometric-Searches-Using-Adaptive-Indexing.html
"The adaptive biometric indexing technology covered by this patent is utilized today in BIO-key’s core Vector Segment Technology (“VST”) biometric algorithm and is integrated into the Company’s WEB-key and ID Director suite of solutions." [Emphasis added.]
Here's some more links:
http://bio-key.com.sg/bio-key-id-director/
https://www.bio-key.com/biometric-authentication-solutions/id-director/
All this adds up to the fact that the situation is in fact reversed, that you are the one misleading investors.
Finally, you declare the mobile trend is facial, while I believe we will begin to see underglass fingerprint readers in the mobile market, sooner rather than later. Samsung 10S release date is a few weeks away. But I find it interesting that this was posted just a couple hours ago:
https://www.theinquirer.net/inquirer/news/3030399/galaxy-s10-release-date-specs-price-s10-plus-1tb-storage-12gb-ram-mid-march-launch
"According to online murmurs, Samsung's 10th-anniversary smartphone lineup will comprise of the Galaxy S10, S10+ and S10e. The higher-spec models, rumours suggest, could be the first to adopt Samsung's Infinity-O display, an in-display fingerprint scanner and a triple-camera..."
All JMHOs.
Recent BKYI News
- BIO-key Q1 Bottom-Line Improves on 34% Rise in Revenue; Expects Q2 Profitability on 65% Revenue Increase; Investor Call Today at 10am ET • GlobeNewswire Inc. • 05/18/2026 11:59:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/12/2026 08:46:03 PM
- BIO-key Shares Expected to Temporarily Move to OTC™ Markets Tomorrow, Wednesday May 13th Following Nasdaq Suspension After Today’s Market Close; BIO-key is Seeking to Restore Nasdaq Listing Expeditiously • GlobeNewswire Inc. • 05/12/2026 08:01:00 PM
- Biometric Identity and Authentication Provider BIO-key to host Q1’26 Investor Webcast Monday, May 18th at 10am ET • GlobeNewswire Inc. • 05/12/2026 11:59:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/29/2026 08:46:10 PM
- Following Stockholder Approval, BIO-key Announces 1-for-10 Reverse Stock Split • GlobeNewswire Inc. • 04/28/2026 11:59:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/24/2026 08:16:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/22/2026 09:00:39 PM
- BIO-key Receives Notice of Non-Compliance from Nasdaq Related to Delay of its Form 10-K Filing • GlobeNewswire Inc. • 04/22/2026 08:45:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/20/2026 12:30:15 PM
- BIO-key Expects 50% Increase in First Half Revenues, Driving Profitability in the Period • GlobeNewswire Inc. • 04/16/2026 11:59:00 AM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 03/31/2026 09:23:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/31/2026 12:45:10 PM
- BIO-key Reports 2025 Results and Substantially Improved Cash Position, Supporting Expected Strong Growth in 2026; Investor Call Today at 10am ET • GlobeNewswire Inc. • 03/31/2026 12:30:00 PM
- Identity and Biometric Authentication Cybersecurity Provider BIO-key to Host Year-End Investor Call Tuesday, March 31st at 10am ET • GlobeNewswire Inc. • 03/25/2026 11:58:00 AM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 03/16/2026 08:45:30 PM
- BIO-key Partners with TD SYNNEX Public Sector (DLT) to Deliver Identity-Bound Biometric and IAM Solutions to the U.S. Public Sector • GlobeNewswire Inc. • 03/12/2026 11:57:00 AM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 03/06/2026 10:00:43 PM
- BIO-key Surpasses $2M of Military/Defense Sales over Last 12 months with Follow-on Order From Foreign Defense Ministry; Geopolitical Tensions Raise Stakes for Securing Intelligence Against Cyber Threats • GlobeNewswire Inc. • 03/05/2026 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2026 01:00:10 PM
- Retail Bank Executes Expanded $1.04M License Renewal for BIO-key Biometric Identity Solution Serving 30M Clients • GlobeNewswire Inc. • 03/03/2026 09:01:00 AM
- BIO-key and RunLevel Strengthen Identity Security Across Mozambique’s National Payments Infrastructure for Sociedade Interbancária de Moçambique (SIMO) • GlobeNewswire Inc. • 02/24/2026 09:30:00 AM
- BIO-key EMEA Subsidiary Partners with Citadel Global to Expand India Presence and Accelerate Adoption of Biometric Identity Solutions in Support of EU–India Free Trade Agreement • GlobeNewswire Inc. • 01/29/2026 09:00:00 AM
- BIO-key and Visualforma Awarded Contract to Secure Digital Identities for Large Municipality in Portugal • GlobeNewswire Inc. • 01/28/2026 09:00:00 AM
- DealFlow Discovery Conference Announces Initial Lineup of Presenting Companies Ahead of Next Week's Event • ACCESS Newswire • 01/23/2026 07:50:00 PM
