Mr. DePasquale: BIO-key is a leading provider of mobile data solutions for the law enforcement market, as well as advanced finger identification technologies that are ideally suited for large-scale government and commercial applications.
TWST: Would you expand on the two segments of your business, the products, as
well as the business dynamics and adoption that you are experiencing?
Mr. DePasquale: First on the law enforcement side, we are one of the largest
providers of mobile data access software for the law enforcement space. As you
know, most police vehicles are outfitted with laptops, which the law enforcement
community refers to as mobile data terminals. With this vital tool, they have
access to critical, timely information from dispatch communications to
information on motor vehicles, warrants, and guns and boat registrations. We
provide the software that delivers the efficient communication for the officer
on patrol to access state and local databases, whether that officer is in a
vehicle (via a laptop in the patrol car) or not (alternatively running our
software on a handheld device such as a BlackBerry or smart phone). We have over
1,000 agencies in the United States that use our software on a daily basis.
On the other side of our business, we are one of the largest providers of finger
identification solutions for both the government and the commercial marketplace.
Our patented biometric technologies allow any application provider to integrate
finger biometric identification into virtually any application to establish the
identity an individual. Most access applications that we as consumers use today
use passwords to establish our identity when accessing information or accounts.
BIO-key is able to provide a much more secure and convenient methodology for
authenticating individuals with our finger biometric software. We have customers
that operate in practically every segment of the economy — in health care,
education, financial and general services and of course in the government market
as well. We recently announced a significant contract valued at over $2 million
with the largest biometric company in the world, Sagem Morpho and Sagem Securite
that will be utilizing and incorporating components of our finger biometric
technology into their offerings. As a result, they will be offering what is
likely the most accurate, scalable and responsive fingerprint identification
solutions for finger identification that exist in the world today.
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