Investorideas.com (Investorideas.com
Newswire) a top rated investment site for investment and trading ideas
for AI and defense stocks issues an alert for BIO-key International,
Inc. (NASDAQ: BKYI), a global leader in Identity and Access Management (IAM) and
biometric authentication technologies.
The stock makes the Nasdaq top gainers list today on news of
“Significant Identity and Biometric Security Deployment with a
Major Middle East Defense Sector Organisation.”
BIO-key is trading at 1.1500, up 0.5153, gaining 81.19% on volume of
over 366 Million sharesat the time of this report. The stock has a
day’s high of $`1.38.
BIO-key International reported it has secured a significant new
deployment with a major defense-sector security organisation in the
Middle East. The solution will support critical infrastructure and
sensitive access environments using BIO-key’s advanced biometric
and multi-factor authentication technologies. The customer requested
that their identity not be disclosed for security reasons.
The contract represents one of BIO-key’s largest security-sector
deployments in the region to date and extends its growing footprint in
high-assurance government and defense environments. The customer
selected BIO-key to strengthen access security, streamline credential
management, and deliver biometric-based authentication—without
reliance on mobile devices or hardware tokens.
The deployment is the result of BIO-key’s new strategic
partnership with Cloud Distribution, a leading Saudi-based Value-Added
Distributor. BIO-key’s collaboration with Cloud Distribution has
accelerated opportunities across the region by combining world-class
IAM solutions with seasoned, local cybersecurity expertise and strong
in-country delivery capabilities.
“This deployment reinforces BIO-key’s strategic
commitment to supporting national security and critical
infrastructure protection in the Middle East,” said
Alex Rocha, Managing Director International,
BIO-key International. “Our Identity-Bound Biometric solutions
are designed to deliver the highest levels of assurance without
adding operational complexity. This project reflects the trust
placed in BIO-key’s technology to secure the most sensitive
environments, and we are honoured to collaborate with Cloud
Distribution to make it a reality.”
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