Wall, NJ, October 14, 2020 - BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, today announced that San Juan College, located in Farmington, New Mexico, has deployed BIO-key's PortalGuard IAM for education solution. The BIO-key solution provides increased security and supports a broader array of Single Sign-On (SSO) protocols, enabling end-users to easily access all of their cloud and web applications without having to authenticate into each application individually.
PortalGuard is not the College's first foray into Identity Management. It replaces a freely available IAM platform that was not easy to configure and did not support all the SSO protocols they required. With PortalGuard, organizations can consolidate multiple login prompts by leveraging a robust IAM solution, eliminating complexity inherent with their former solution. The San Juan College IT team chose PortalGuard as their "one-stop shop" IAM for education solution to access enterprise applications like Canvas, Sharepoint, Colleague, and Office 365. Furthermore, the college plans to leverage PortalGuard's Self-Service Password Management and Multi-Factor Authentication capabilities to gain maximum value from their investment in the solution.
"PortalGuard's minimal customization requirements and streamlined licensing model can save organizations significant resources and deliver quick time to value," stated Mark Cochran, President - PortalGuard. “There are times when a free solution is not exactly free, and cybersecurity is not an area to shortcut. PortalGuard is well known for its simplicity and ease of use, providing frictionless SSO, secure two-factor authentication options, and self-service capabilities. The rapid growth in our customer base demonstrates that we deliver what organizations require to address today's threats with rapid deployment, scalability, and on-demand access to security expertise."
All statements contained in this press release other than statements of historical facts are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "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 Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue; our ability to raise additional capital; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; our ability to execute and deliver on contracts in Africa; our ability to expand into Asia, Africa and other foreign markets; our ability to integrate the operations and personnel of PistolStar into our business; the duration and severity of the current coronavirus COVID-19 pandemic and its effect on our business operations, sales cycles, personnel, and the geographic markets in which we operate; delays in the development of products and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption see "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2019 and 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. Except as required by law, the Company undertakes no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise. Additionally, there may be other factors of which the Company is not currently aware that may affect matters discussed in forward-looking statements and may also cause actual results to differ materially from those discussed. In particular, the consequences of the coronavirus outbreak to economic conditions and the industry in general and the financial position and operating results of our company in particular have been material, are changing rapidly, and cannot be predicted.
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