BIO-key International, Inc. (BKYI.OB) Launches First SaaS Biometric Identification Solution

TruDonor ID is the first SaaS (Software as a Service) biometric identification solution and will allow blood centers of any size to have a fast, convenient and accurate method to positively identify donors.

TruDonor ID will eliminate the potential of misidentification while reducing the time and errors associated with staff validating identities and manually entering information by interfacing to existing blood management platforms or acting as a standalone identity solution.

TruDonor provides BIO-key unlimited potential in their field. In June of 2009, both Gartner Research and IDC issued growth projections of over 20% annually for the SaaS market with U.S. firms planning to spend at least 25% of their IT budgets on SaaS applications with this number rising to nearly 45% in 2010.

When asked what TruDonor will mean to both blood centers and the biometric identification industry, BIO-key CEO Mike DePasquale was quoted as saying, “Offering TruDonor ID as a SaaS solution eliminates one of the biggest hurdles faced by every blood center – costly IT expenditures on equipment, staff and maintenance. With TruDonor ID, blood centers have secure 24/7 access to their donor database on a superior computing environment supported by expert technicians.” Mr. DePasquale also noted that “deployment times are far shorter since we eliminate the typical implementation learning curve associated with installing a licensed software solution. This is a first for the Identity Management Industry, a first for BIO-key and the beginning of a whole new era in the deployment of advanced security solutions including finger biometrics.”

Currently, BIO-key is trading in the $0.28 range and may be a sleeping giant. With positive news being generated on a regular basis and the potential of TruDonor ID and their arsenal of other impressive products, BIO-key is definitely a company on the rise.

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