BIO-key International, Inc. · NASDAQ:BKYI
BIO-key International — Investor Presentation (June 2015)
32 slides from BIO-key International's investor presentation, Jun 1, 2015
Slide 1: BIO-key International Inc. Investor Introduction
BIO-key International Inc. OTCQB: BKYI Technology Leader in Fingerprint Biometric ID Solutions Investor Introduction Jay Meier, VP Corporate Development June 1, 2015
Slide 2: Safe Harbor Language
Safe Harbor Language: Certain statements contained in this presentation 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 intend
Slide 3: Technology leader in finger-based biometric identification solutions
Technology leader in finger- based biometric identification solutions Core Technology • VST TM Algorithm- Reading/Matching Fingerprint Data • WEB-key Cloud- Transport Fingerprint Data Customers • FBI, LexisNexis, Cleveland Clinic Partners • IBM, Oracle, CA, Allscripts, Epic Strong I.P. Portfolio • 1
Slide 4: Market Need For Biometrics
Market Need For Biometrics “76% of all data breaches were enabled by weak credentialing and user authentication” (Verizon Report (2/2015) Electronic healthcare records fetch up to $60-$70 in the black m arket compared to $.50 - $1.00 for a Social Security n umber . (Rick Kam cofounder of ID Experts)
Slide 5: Large and Growing Market Opportunity
Large and Growing Market Opportunity Goode’s new report, entitled “Mobile Biometric Security – Market Forecast Report 2013 – 2018” posits that along with Touch ID, the creation of a strong supporting ecosystem for biometrics on consumer mobile devices will see an estimated 3.4 billion users leveragi
Slide 6: Commercial Biometrics Is Gaining Traction
Commercial Biometrics Is Gaining Traction Apple Is Considering Storing Your Fingerprints In iCloud Business Insider-Jan 15, 2015 Simply put, this means Apple is considering using its cloud hosting service iCloud ... Touch ID is the name of Apple's biometric verification tool. The fingerprint sensor
Slide 7: Cloud Fingerprint Authentication Solutions
BIO-key offers Device and Cloud Fingerprint Authentication On Device: Solutions 1-to-1 Matching capability Accurate, rapid identification Low cost, user-friendly In the Cloud: 1-to-Many Matching capability Solution integration for a seamless user experience Speed: Faster and more convenient than pas
Slide 8: Fingerprint Authentication on device and/or Cloud
Two Functions that enable Fingerprint Authentication on device and/or The We Authenticate Fingerprint Data Cloud UsingVST We Transport Fingerprint Data BIO-key Fingerprint Matching UsingWEB-key VST– Vector Segment Technology Patents BIO-key Fingerprint Matching VST – Vector Segment Technology Patent
Slide 9: Vector Segment Technology
Vector Segment TechnologyTM VST Algorithm enables accurate extraction and comparison of fingerprint data VST Powers BIO-key’s full suite of products Key Features: - 1-to-1 and 1-to-Many Matching - Against 1.3B fingerprints accurately and quickly - Interoperable with all major fingerprint readers, se
Slide 10: BIO-key Sensor Agnostic Interoperability
BIO-key Sensor Agnostic Interoperability BIO-key is a software company – Biometric fingerprint hardware readers are a commodity – BIO-key is unique in that we are hardware agnostic and can analyze any fingerprint hardware reader’s image including: 10
Slide 11: Independent Performance Validation
Independent Performance Validation NIST PFT – High Rank Results Table 1: TAR at FAR of 0.0001 Name ID DHS2 DOS POE BIO-key 2C 0.9909 0.9978 0.9990 Sagem 1C 0.9908 0.9969 0.9988 L1 1Y 0.9907 0.9994 0.9996 Sagem 1H 0.9905 0.9974 0.9989 ID Solutions Q 0.9874 0.9960 0.9975 Neuro 1T 0.9844 0.9951 0.9980
Slide 12: WEB-key Cloud Authentication
WEB-key-Cloud Authentication: Key Features: - Securely transports authentication data from device to cloud and back - Strong Encryption: Triple encryption for security - Intuitive graphical interface – Quick enrollment & authentication - Multiple operating systems supported - Core patents to protect
Slide 13: BIO-key's Opportunity
BIO-key’s Opportunity BIO-key owns the patents associated with using biometric authentication in the cloud BIO-key Patent Coverage Illustration: Hypothetical Banking or Payments App Encrypted Fingerprint Encrypted fingerprint template taken fingerprint sent matched against on phone into the cloud se
Slide 14: BIO-key Patents
BIO-key Patents • Patent 7,117,356: Systems/Methods for Secure Biometric Authentication • Patent 7,502,938: Trusted Biometric Device • Patent 7,415,605: Biometric Identification Network Security • Patent 7,454,624: Match Template Protection Biometric Security • Patent 6,895,104: Image Identification
Slide 15: Broad Suite of Products
Broad Suite of Products Vector Biometric development kit that provides developers the ability to take Segment advantage of a highly accurate, device interoperable algorithm. Technolog Available as a low level SDK for incorporation into any application architecture y™ SDK to increase security whi
Slide 16: Integrated Hardware Solutions
Integrated Hardware Solutions To expand reach, BIO-key licensed disruptively low cost fingerprint readers The readers are Plug & Play with WEB-key client embedded EcoID DASH SideSwipe™
Slide 17: Target Markets
Target Markets M IA ar th c g e e l a e a r le H L ca S ID i l it ob M y
Slide 18: Go to Market Channels
Go to Market Channels: Channels Verticals Direc BIO-key’s biometric t software is marketed directly along side application specific partnersbiometric BIO-key Software technology is integrated OEMS with or embedded in several third party Identity Access & Management (IAM) BIO-key and IDEX partnered p
Slide 19: Major Clients
Major Clients: 1-to-Many Matching Utilize BIO-key VST algorithm to FBI accurately match fingerprints against 200M records. ID verification and fraud prevention for all MCAT, CPA, FINRA and CAT examinees at 2000 Prometric testing centers. Enrolled and de-duped over 100M SIM card registrants, to deter
Slide 20: Major Healthcare Partners
Major Healthcare Partners: Top Healthcare Electronic Medical Record Platform Vendors Partner: Use BIO-key’s advanced biometrics to authenticate clinicians, enter orders, prescribe medication and approve clinical notes. Partner: Integrated BIO-key’s biometrics for users to manage access to sensitive
Slide 21: Marquee Healthcare Customers
Marquee Healthcare Customers
Slide 22: Real World Performance Results
Real World Performance Results #4 Ranked Hospital 251,447authentications with a 99.34% first attempt success rate The average password or token entry takes 6-10 seconds Average ID Success BIO-key Month Novemb takes Score a second Successes or Failures less. Rate % er 89.56 251,447 1661 99.34% Averag
Slide 23: Identity Access Management Partners
Identity Access Management Partners: CA Technologies BIO-key’s fingerprint authentication is pre- integrated with CA Technologies CA SiteMinder enabling secure user access from any location. IBM BIO-key’s biometric software provides secure access to IBM’s Security Access Manager (ISAM) for Web. Avne
Slide 24: Key Strategic Partnership for Identity Proofing
Key Strategic Partnership with the largest credit reporting vendor to provide “Identity Proofing” for user enrollment in Device to Cloud Identity Management System 24
Slide 25: BIO-key's Opportunity
BIO-key’s Opportunity BIO-key owns the patents associated with using biometric authentication in the cloud BIO-key Patent Coverage Illustration: Hypothetical Banking or Payments App Encrypted Fingerprint Encrypted fingerprint template taken fingerprint sent matched against on phone into the cloud se
Slide 26: Key Strategic Partnership with InterDigital
Key Strategic Partnership with InterDigital y partnered with InterDigital to co-develop/market a mobile authentication platform based on BIO-key p RP OpenID Client / OpenID Server Browser Multi-Factor Multi-Factor Auth Layer (Server) / Auth Proxy Master IdP User USER AUTH PWD Biometric NAF Server Pr
Slide 27: Mobile Ecosystem
Mobile Ecosystem Device Mfgs. Hardware Sensor Mfgs. . Top performing algorithm Fully interoperable
Slide 28: Management
Management: Michael W. DePasquale – CEO 25+ years experience in executive management, sales and marketing. Previously CEO of Prism eSolutions, Inc. Cecilia Welch – CFO 20+ years of operational and financial management experience in tech companies. Former controller at Savaje Technologies, Crystal Sy
Slide 29: Summary Income Statement
Summary Income Statement: Q1 ’15 Q1 ‘14 2014 A 2013 A Services $0.2M $0.3M $1.5M $1.0M Revenue License Revenue $0.4M $1.1M $2.5M $1.0M TOTAL $0.6M $1.4M $4.0M $2.0M REVENUE Gross Profit $0.5M $1.2M $3.3M $1.6M Net Loss ($0.9M) ($0.3M) ($1.9M) ($2.6M) Per Share ($0.01) ($0.00) ($0.03) ($0.06) Shares
Slide 30: Summary Balance Sheet
Summary Balance Sheet: Q1 ‘15 2014 Current Assets $1.2M $1.8M Current $1.5M $1.3M Liabilities Net Working ($0.3M) $0.5M Capital Stockholder’s ($0.02M) $0.8M Equity 30
Slide 31: BIO-key Growth Outlook
BIO-key Growth Outlook: • 12 month Pipeline of Sales Opportunities: $30M – Up from $12.7M a/o December 2013 • 2015 Revenue Guidance: $5M - $7M vs. $4M in 2014 • Q2 Revenue Guidance: $1.5M - $3M • 2015 Gross Margin Guidance: 75% - 80% • Breakeven Revenue Range: $6.5M - $7.0M • Strategic focus on larg
Slide 32: Thank you!!!!
Thank you!!!! Jay M. Meier Vice President of Corporate Development BIO-Key International, Inc. Jay.meier@bio-key.com 651-789-6116 (o) 612-978-3687 (c)
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