Presentation on theme: "August, 2013. Company History Founded in 1993, public since 1997 Headquartered in Wall, NJ with a development office in Eagan, MN Fast and highly discriminating."— Presentation transcript:
Company History 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 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. 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. 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. 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 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 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
Strategy: Partner With Market Leaders to Provide Best-in-Class Identification Solutions ‘Doorway To Desktop to Mobility Devices’ Physical, Logical Security & Identification Solutions Partner Business Model Model
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. Table 1: TAR at FAR of NameIDDHS2DOSPOE BIO-key2C Sagem1C L11Y Sagem1H ID SolutionsQ Neuro1T Thales1I BioLink1E Table 9: Equal Error Rates NameIDDHS2DOSPOE BIO-key2C L11Y Sagem1C Sagem1H BioLink1E ID SolutionsQ Thales1I Neuro1T N.I.S.T. Results Best in Class Performance
No other company in the world can do this … Fully Interoperable
Frost & Sullivan recognizes BIO-key International, Inc. (BKYI)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 Integrators Telco Services
Industry Forecast Fueled by concerns about terrorism and other security concerns, the global biometrics industry is set to expand to $10.47 billion by Global Industry Analysts (GIA) Biometric mobile phone security to be worth $161 million in revenue by 2015 (NFC Rumors)
Authentication marketplace Gartner states… 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 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 Sales Department – Rob Rahner Client Development Manager