BIO-key Selected as Biometric Solution for Entryport of CanadaNew Partnership to Use TrueID-key Scalable Biometric Algorithm, Single Sign-on & Enterprise Information Network Security MINNEAPOLIS, Oct. 9, 2003 -- BIO-key International (OTC Bulletin Board: BKYI), the leader in finger-based biometric identification, announced it has formed a partnership with Entryport Corporation. The Ontario-based company provides security solutions for enterprise information, networks, and web-based applications and databases. BIO-key's TrueID-key product will be integrated in Entryport's Identity & Access Management (IAM) Framework(TM), enhancing its ability to secure and audit access to corporate and government information. The technical core of the Entryport's IAM Framework is the Netegrity Identity Management Platform, a policy-driven enterprise solution suite for securing business applications and managing user identities. Entryport's integration with Netegrity Siteminder, which provides single sign-on (SSO) across multiple applications, portals, and organizations, will be enhanced with finger-based identification capabilities using BIO-key's algorithms. This provides greater security and convenience for users. "BIO-key is focused on providing systems integrators with the best finger- based biometric software. Our accurate, fast, and scalable algorithm, which identifies individuals with a 200 million to 1 accuracy rate, is a critical component in any comprehensive security system," said Mike DePasquale, CEO of BIO-key. "Entryport's use of BIO-key in demanding environments including large finance and insurance companies in Canada, combined with similar installations and partnerships in South America, has increased BIO-key's international presence. We anticipate these actions will lead to significant revenue for BIO-key in the coming quarters," said DePasquale. "Adding BIO-key's advanced fingerprint biometric solutions to Entryport's suite of security products further strengthens our client's information environment without sacrificing convenience for their users," said Jay O'Donnell, President, Entryport Corporation. "Our clients in finance and insurance have tens of thousands of employees, partners, and customers that require secure, policy-driven access to portions or all of the corporation's information systems. Our framework helps organizations get the security out of the silos, and up to an enterprise level where it can be effectively enforced, managed, tracked, and audited. BIO-key's advanced fingerprint technology and auditing enhances our solution in a way that cannot be done with just usernames and passwords," added O'Donnell. By adding BIO-key to their systems, Entryport customers will benefit by eliminating multiple user identities. "The ability to enforce a single user identity across the enterprise allows organizations to improve the customer experience, streamline customer relationship management, and creates new opportunities to bundle products across business-unit lines. It's very difficult to do this when a customer/partner/employee has different user identities across all of these business systems. Most organizations just have no way of knowing that these electronic identities all belong to the same person," said O'Donnell. Having a single ID is also a tremendous convenience to the user of the system who, of course, always carries their fingerprint. Biometric IDs such as fingerprints are not required to be periodically reset unlike rules that apply to usernames and passwords. This enhances security while improving the user experience with the enterprise systems. BIO-key's capabilities will also be helpful in complying with laws related to corporate governance and audit tracking. Entryport is actively using BIO-key International, Inc.'s solutions to market to their existing accounts as well as creating a new and exciting customer base. Entryport's strong customer base includes some of the largest organizations in the financial services, insurance, and telecommunications sectors. About Entryport Entryport Corporation is a leading Canadian integrator of Identity and Access Management solutions. Through the Entryport Identity & Access Management (IAM) Framework(TM), Entryport's customers gain measurable business value with Identity and Access Management technology. Entryport's IAM Framework solutions accelerate channel adoption, improve enterprise audit & control, reduce user management costs, and streamline development activities. Entryport solutions are technically proven, scalable, and secure. Entryport consultants are industry leaders in their respective areas of focus, providing depth of technical and/or vertical domain expertise along several years of experience. Entryport Corporation is headquartered in Toronto, Ontario, Canada and can be reached online at: http://www.entryport.net . About BIO-key BIO-key develops and licenses advanced biometric finger identification technologies that are cost effective, scalable and easy to deploy. BIO-key products provide "True User Identification(TM)" that prevents data and identity theft while preventing false aliases. BIO-key pioneered the only finger identification algorithm that has been certified by the ICSA. It offers cost effective, high-performance one-to-many finger and one-to-one identification solutions providing security and positive identification for government and enterprise applications. ( http://www.bio-key.com ) BIO-key Safe Harbor Statement This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events. Contact: Albert Maruggi 612-325-8126 amaruggi@providentpartners.net Entryport Contact: Jay O'Donnell 416-945-6626 jay.odonnell@entryport.net SOURCE BIO-key International Web Site: http://www.entryport.net http://www.bio-key.com |