The increase in BIO-key International, Inc. (NASDAQ: BKYI) shares has continued, building on the gains made during the previous trading session. BKYI stock had a notable 90% spike in the previous session which is seeing a further 9.54% climb to $2.19 as of the latest check today. The company’s recent large order that it obtained is the reason for this noteworthy increase in value.
Notable Contract Spurs Growth in BIO-key stock
One of the most reputable government defense departments in the world has given BIO-key over $500,000 in fresh orders. This deal demonstrates the defense ministry’s faith in the company’s biometric user authentication solutions and is part of a three-year purchase agreement.
The ministry, known for its stringent security requirements, continues to expand the deployment of BIO-key’s technology into new programs and user scenarios. This expansion enables secure, phoneless, tokenless, and passwordless authentication access for over 33,000 users across various digital services.
Advanced Biometric Authentication Integration
The awarded contract also highlights BIO-key’s successful integration of its secure biometric authentication platform with the ministry’s virtual desktop infrastructure (VDI). This integration allows for optimized, secure VDI-optimized biometric authentication without the need for phones or tokens, simplifying access to critical systems.
Additionally, BIO-key has collaborated closely with the ministry’s cybersecurity team to integrate its advanced, cloud-enabled biometric authentication with the ministry’s authentication federation platform, ensuring secure access across organizational boundaries.
BKYI Continued the Expansion
BIO-key anticipates additional orders in the future as the defense ministry expands the use of its solution to include more personnel. BKYI’s innovative biometric credentials, which are inherently tied to the individual, offer a level of security that cannot be shared, delegated, phished, or forgotten.
As interest from the defense sector grows, BKYI’s relationship with this discerning customer continues to strengthen. With a proven track record in government, defense, finance, and other highly regulated industries, BIO-key’s superior user experience and cost-saving tokenless solutions are making a significant impact on enterprise authentication.
