Investing.com -- BIO-Key International, Inc. (NASDAQ:BKYI) stock surged 42.7% in premarket trading Wednesday after announcing a strategic partnership with Portuguese technology integrator Visualforma.
The partnership will focus on deploying BIO-key’s Identity and Access Management (IAM) and biometric authentication solutions across Portugal’s public sector, which includes more than 250 government organizations. The collaboration aims to strengthen cybersecurity and improve access to public digital services for Portuguese municipal councils.
Under the agreement, Visualforma will lead the nationwide rollout of BIO-key’s technologies across municipal administrations, educational institutions, and healthcare entities. The partnership also includes deploying BIO-key’s solutions in a major tourist city, where the technology is already operational and supporting high-volume digital services for citizens and visitors.
BIO-key has already delivered its full IAM and biometric security portfolio to selected municipal environments, creating validated reference architectures that will be replicated across additional municipalities. The company’s solutions include its PortalGuard IAM platform, PIN:You authentication method, WEB-key biometric engine, Identity-Bound Biometrics, and certified biometric scanners.
"Municipal services sit at the heart of citizens’ daily interactions with government, making security, trust, and ease of use absolutely critical," said Alex Rocha, Managing Director at BIO-key International. "Partnering with Visualforma allows BIO-key to bring proven, biometric-centric IAM capabilities to Portuguese municipalities through a highly trusted local integrator."
Humberto Bento, Operations Director at Visualforma, noted that the partnership represents "a strategic step in Visualforma’s commitment to support Portuguese municipalities in their digital transformation journey."
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