As always, I post here as a technologist, hoping to share information on the viability of companies from that perspective. I am not an economist, and I gain my insight from all of you.
BKYI possesses no technology that is related to facial biometric identification. Even with the $20M or so spent on FingerQ, the facial recognition algorithms were excluded from the transaction.
Bio-KEY would not have the technical or financial resources to catch up with the major technologies in this space. Sadly, they don't really have the resources to maintain their own fingerprint identification algorithms (MINEX, NIST, etc), where BIO-key has either failed certification, or has elected not to re-certify (as failure is eminent).
They are not a viable biometric solution for anything large scale; not any more. That time has past them by.
They want to sell hardware, and toward that goal, I wish them luck. Maybe the large Asia deals will help them innovate again. I hope so. $10M is a lot of money for BIOP-key A WHOLE LOT OF MONEY.
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