WALL, N.J. , Oct. 15 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in finger-based biometric identification and wireless public safety, announced today that the U.S. Patent and Trademark Office has approved the issuance of a patent for the company's "Biometric Identification Network Security" method.
This recently issued "Biometric Identification Network Security" patent (patent number 7,415,605) provides a defense against hackers and system attacks, while leveraging the industry standard Trusted Platform Module (TPM) specification for encryption key management. Since 2006, many new laptop computers have been sold with an embedded Trusted Platform Module chip. The primary attributes of this patent focus on using the TPM to encrypt the biometric image or template before it is transmitted, thereby providing protection from attempts to hack into the computer or the transmission to either implant a different biometric or to steal a copy of the biometric being transmitted. This new patent grant increases BIO-key's current inventory to twelve (12) awarded domestic and international patents.
"With the widespread adoption of biometrics for establishing a person's identity, it is imperative to protect the security and integrity of the total identity transaction," said Mira LaCous, BIO-key's Vice President of Technology and Development "You only have one set of fingerprints and it is important to protect against your biometric being compromised. BIO-key recognizes that to accomplish this we must build strong security measures to protect the biometric template, the communications, and the processes handling the transactions. This is the focus of this patent, which is to utilize the strongest forms of protection to safeguard your identity."
Mike DePasquale , BIO-key's Chief Executive Officer stated, "Over the past ten years we have built the industry's most robust and scalable finger identification technology. The fruits of our labor are now materializing in both revenue growth and the recognition of our protected intellectual property. As the industry matures and business markets begin to widely deploy finger biometric solutions, we believe that we are well situated to take advantage of any opportunities that emerge."
BIO-key International, Inc., headquartered in Wall, New Jersey , develops and delivers advanced identification solutions and information services to law enforcement departments, public safety agencies, government and private sector customers. BIO-key's mobile wireless technology provides first responders with critical, reliable, real-time data and images from local, state and national databases. BIO-key's high performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise data to improve security, convenience and privacy and to reduce identity theft. Over 750 police departments in North America use BIO-key solutions, making BIO-key the leading supplier of mobile and wireless solutions for law enforcement. (http://www.bio-key.com)
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 these statements. The words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify 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. The Company also 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.