Business Services Industry
Sagem Morpho and BIO-key Announce Biometric Partnership Agreement
Business Wire, August 7, 2008
Fused Biometric Technology to Be Marketed Worldwide
ALEXANDRIA, Va. & WALL, N.J. -- Sagem Morpho Inc. (SAFRAN Group), the industry leader in multi-biometric solutions, and BIO-key International Inc. (OTC Bulletin Board:BKYI), a leader in finger-based biometric identification and wireless public safety solutions, announced today a technology partnership that combines the strengths of both companies to create high-performance biometric matching technology. Under this partnership arrangement, Sagem Morpho has invested in licensing of BIO-key technology to create the world's most accurate, scalable and responsive fingerprint identification solutions.
"As the industry leader, Sagem Morpho has been researching global scale biometric systems of hundreds of millions, up to a billion records and very fast, high volume transactions," stated Bernard Gautier, President and CEO of Sagem Morpho. "Fusing our respective algorithms will result in industry-changing performance improvements. We believe our partnership with BIO-key creates the right technology combination to increase the accuracy, speed and reliability necessary for massive system expansion. The timing of this partnership is superb, as our global clients' system and application requirements are rapidly growing. We have anticipated this and are ready to meet our customer's needs in this exciting and important area."
Technical and scientific teams from both companies are working closely to optimize the fusion of core technology in a unique way that will result in greater performance benefits and value for clients. By using the Sagem Morpho/BIO-key advanced biometric offering, integrators can design better, faster, and more cost-effective biometric applications for government, civil and commercial clients around the globe.
Mike DePasquale, BIO-key's President and CEO, added, "Having been involved in many large-scale international ID programs, BIO-key has demonstrated that our technology has the robustness and reliability required for programs with very large data sets. Our partnership with Sagem Morpho, the world leader in biometrics, will expand our market reach and capability and will also improve our partner's global competiveness. Combining Sagem Morpho's world class AFIS capability and BIO-key's single and multi finger matching software results in a major technology inflection in the market for highly scalable, ultra high-performance systems."
About Sagem Morpho Inc.
Sagem Morpho Inc., a SAFRAN Group company, provides biometric solutions to the U.S. and Canadian government and commercial markets in law enforcement, border control, access control and ID management. A trailblazer in the design and development of large fingerprint identification systems, Sagem Morpho, and their parent company, Sagem Securite, offer multi-biometric platforms that include fingerprint, palm print, and facial and iris recognition. Sagem Morpho is a wholly-owned subsidiary of Sagem Securite, SAFRAN Group, the Paris-based international biometrics company recognized as the world leader in biometric systems. Sagem Morpho is headquartered in Tacoma, Washington with offices in Washington DC, New York and Texas. (http://www.morpho.com)
About BIO-key
BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions and information services to law enforcement departments, public safety agencies, government and private sector customers. BIO-key's mobile wireless technology provides first responders with critical, reliable, real-time data and images from local, state and national databases. BIO-key's high performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise data to improve security, convenience and privacy and to reduce identity theft. Over 750 police departments in North America use BIO-key solutions, making BIO-key the leading supplier of mobile and wireless solutions for law enforcement. (http://www.bio-key.com)
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