North America - BIO

Report
August, 2013
Company History
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Founded in 1993, public since 1997
Headquartered in Wall, NJ with a development office in Eagan, MN
Fast and highly discriminating finger-based biometric identification platform with device
interoperability
Partnership agreements with leading technology companies such as IBM, CA, Caradigm,
LexisNexis, Allscripts & Epic
Legacy customers including leading hospitals, blood banks, schools, retailers,
telecommunications companies and government agencies worldwide
Company Events
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In January 2010, BIO-key completed a transaction with InterAct911 Mobile Systems, Inc. in
which InterAct acquired substantially all of the assets related to the Company’s Law
Enforcement Division for a total purchase price of $11.3 million.
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This transaction marked the final shift in the Company’s strategy to focus on growing its
finger-based biometric solution business and provided the financing necessary to retire
substantially all of the Company’s debt and pave the way for the future.
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After years of strategic investments in developing its core technologies, BIO-key is now
positioned to capitalize on the growing need for improved security measures to protect our
Country and its citizens. Biometrics is a part of that solution.
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In the first quarter of 2013 BIO-key announced a collaboration agreement with InterDigital
Communications to develop identity and access management solutions for the mobile
market
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In 2013 BIO-key was presented with the Frost and Sullivan 2013 North America Frost &
Sullivan Award for Competitive Strategy Innovation and Leadership
Company Profile
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BIO-key is a software development company providing full and complete finger biometric
solutions for local and enterprise use
Software supports and provides interoperability for all major fingerprint reader
manufacturers, devices and platforms. A capability unique to the industry
BIO-key provides a secure, web-based infrastructure supporting authentication to the server
or cloud
BIO-key’s high-performance, scalable, cost-effective biometric finger identification
technology accurately identifies and authenticates users to improve security, reduce the
threat of data breaches and identity theft, while improving workflow and enhancing the
overall user experience
Partner Business Model Model
Strategy: Partner With Market Leaders to Provide Best-in-Class Identification Solutions
‘Doorway To Desktop to Mobility Devices’ Physical , Logical Security & Identification Solutions
N.I.S.T.
Best
in Class Performance
Results
Table 1: TAR at FAR of 0.0001
NIST's mission is to promote U.S.
innovation and industrial competitiveness
by advancing measurement science,
standards, and technology in ways that
enhance economic security and improve
our quality of life.
www.nist.gov
Name
ID
DHS2
DOS
POE
BIO-key
2C
0.9909
0.9978
0.9990
Sagem
1C
L1
1Y
Sagem
1H
ID Solutions
Q
Neuro
1T
Thales
1I
BioLink
1E
0.9908
0.9907
0.9905
0.9874
0.9844
0.9782
0.9748
0.9969
0.9994
0.9974
0.9960
0.9951
0.9920
0.9731
0.9988
0.9996
0.9989
0.9975
0.9980
0.9962
0.9880
DOS
POE
Table 9: Equal Error Rates
Name
ID
DHS2
BIO-key
2C
0.0047
0.0012
0.0005
L1
1Y
Sagem
1C
Sagem
1H
BioLink
1E
ID Solutions
Q
Thales
1I
Neuro
1T
0.0051
0.0058
0.0062
0.0072
0.0080
0.0087
0.0089
0.0004
0.0017
0.0013
0.0113
0.0023
0.0036
0.0023
0.0004
0.0009
0.0008
0.0043
0.0013
0.0019
0.0014
Fully Interoperable
No other
company in the
world can do this…
Frost & Sullivan recognizes BIO-key International, Inc. (BKYI)
with the 2013 North America Frost & Sullivan Award
for Competitive Strategy Innovation and Leadership.
The company exclusively offers mobile and Internet-based software solutions,
giving it an unbeatable edge in the cloud-based fingerprint biometric solution market.
World Class Partners
Identity & Access Mgmt.
Healthcare
Services
Integrators
Telco
Industry Forecast
 Fueled by concerns about terrorism and other security
concerns, the global biometrics industry is set to expand
to $10.47 billion by 2017. Global Industry
Analysts (GIA)
Biometric mobile phone security to be worth $161 million in
revenue by 2015 (NFC Rumors)
Authentication marketplace
Gartner states…
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Gartner's estimate of revenue across all segments of the authentication market for 2012
remains approximately $2 billion.
Vendors reported year-over-year revenue growth in the range 10% to 150%, with the median
being approximately 25% growth.
Customer growth was in the range 10% to 300%, with the median being approximately 40%
growth.
Gartner estimates the overall customer growth in the market to be approximately 30% year
over year.
Gartner predicts that, by 2017, more than 50% of enterprises will choose cloud-based
services as the delivery option for new or refreshed user authentication implementations —
up from less than 10% today.
Public cloud services market is forecast to grow 18.5 percent in 2013 to total $131 billion
worldwide, up from $111 billion in 2012.
North America is the largest region in the cloud services market, accounting for 59 percent of
all new spending on cloud services from 2013 through 2016.
Questions
• Investor Relations
– Jay Meier VP Corporate Development
[email protected]
1-651-789-6116
• Sales Department
– Rob Rahner Client Development Manager
[email protected]
1-732-356-1122

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