august, 2013. company history founded in 1993, public since 1997 headquartered in wall, nj with a...
TRANSCRIPT
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 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.
www.nist.gov
Table 1: TAR at FAR of 0.0001
Name ID DHS2 DOS POE
BIO-key 2C 0.9909 0.9978 0.9990
Sagem 1C 0.9908 0.9969 0.9988L1 1Y 0.9907 0.9994 0.9996Sagem 1H 0.9905 0.9974 0.9989ID Solutions Q 0.9874 0.9960 0.9975Neuro 1T 0.9844 0.9951 0.9980Thales 1I 0.9782 0.9920 0.9962BioLink 1E 0.9748 0.9731 0.9880
Table 9: Equal Error Rates
Name ID DHS2 DOS POE
BIO-key 2C 0.0047 0.0012 0.0005
L1 1Y 0.0051 0.0004 0.0004Sagem 1C 0.0058 0.0017 0.0009Sagem 1H 0.0062 0.0013 0.0008BioLink 1E 0.0072 0.0113 0.0043ID Solutions Q 0.0080 0.0023 0.0013Thales 1I 0.0087 0.0036 0.0019Neuro 1T 0.0089 0.0023 0.0014
N.I.S.T. ResultsBest in Class Performance
No other company in the world can do this…
Fully Interoperable
Frost & Sullivan recognizes BIO-key International, Inc. (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
TelcoServices
Industry Forecast
Fueled by concerns about terrorism and other security concerns, the global biometrics industry is set to expand to $10.47 billion by 2017. Global Industry Analysts (GIA)
Biometric mobile phone security to be worth $161 million in revenue by 2015 (NFC Rumors)
Authentication marketplaceGartner 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 2012.
• 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