Business
Engineering Solutions Provider Guinn Partners and BIO-key Partner to Transform Access-Control and Cyber Security for IoT and Autonomous Systems
AUSTIN, Texas and HOLMDEL, N.J., Dec. 05, 2024 (GLOBE NEWSWIRE) -- BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and
About this update from Bio-key International, Inc.
[{"type":"text","content":"AUSTIN, Texas and HOLMDEL, N.J., Dec. 05, 2024 (GLOBE NEWSWIRE) -- BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer identity and access management (IAM) solutions featuring Identity-Bound Biometrics (IBB) for phoneless, tokenless, passwordless, and phish-resistant authentication experiences, today announced a strategic partnership with Guinn Partners, a provider of advanced engineering solutions for robotics, drones, and electric propulsion systems. The companies tackle critical security challenges in autonomous systems and Internet of Things (IoT) applications, setting a new benchmark for secure and innovative technology integration. This collaboration leverages BIO-key’s state-of-the-art biometric authentication technologies and Guinn Partners' expertise in designing and engineering cutting-edge systems and devices for aerospace, defense, healthcare, logistics, and smart city applications. BIO-key and Guinn Partners are dedicated to revolutionizing security protocols for emerging technologies, providing advanced protection against unauthorized access and cyber threats. Guinn Partners' customers include Amazon, Boy Scouts, Gel Blaster, and Lift Foils. Among their innovative projects, they are developing a fleet of semi-autonomous roadside mowers designed to operate in open public spaces. These mowers will be managed by third-party operators, making the control of access to fleet management systems and individual mowers critical for ensuring operational security and public safety. Guinn Partners is also a key player in the electric Vertical Takeoff and Landing (eVTOL) aircraft market, which is experiencing rapid growth, driven by advancements in battery technology, increasing demand for sustainable urban air mobility, and significant private and public sector investment. Grand View Research estimated the global eVTOL aircraft market at approximately $1.35 billion in 2023. The market is projected to grow at a compound annual growth rate of 54.9% from 2024 to approximately $23.4 billion in 2030. By combining their expertise, Guinn Partners and BIO-key seek to capitalize on these growth markets by offering innovative, highly-secure solutions to address these sectors’ unique needs. In this context, BIO-key's identity and access management solutions offer a robust layer of protection by ut...