Overview

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.

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Investment Highlights

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Products - Public Safety

Public Safety Solutions: BIO-key offers a full suite of products and complete solutions - deployed over a mobile data infrastructure - to meet the challenging demands of law enforcement, fire, and emergency medical first responders. As the importance of regionalization and data sharing grow, BIO-key's robust, scalable and tightly integrated solutions address Public Safety concerns across all three services.

Mobile Query and Messaging Solutions

BIO-key offers a wide range of mobile data applications, all expertly designed to meet the needs of today’s law enforcement professional.

MobileCop® A complete public safety wireless query and messaging application that uses state-of-the-art wireless communications technology and advanced data query methodologies to search local, state and federal databases, and display responses in a logical and unique way; to send and receive messages, maintain status and transfer data from other mobile and desktop locations.

PocketCop® The first handheld application to give law enforcement a fully integrated mobile data system, PocketCop has a long list of indispensable features that provide local, state and federal database queries, along with status, messaging and talk functionality.

MobileRescue™ - A wireless CAD dispatch and messaging solution, providing mission-critical information to fire and emergency response personnel and linking them with MobileCop law enforcement users for coordinated response.

MobileSRO™ Operating on a BlackBerry or other smartphone, MobileSRO connects the school resource officer (SRO), or other campus security officer, directly to the police department in an emergency. When extended to school administrators and faculty, MobileSRO becomes a campus-wide secure communications system that keeps everyone informed on the status of an incident or emergency and what they need to do to protect themselves and their students.

InfoExchange™ A simple, low-cost solution that lets you put records management system (RMS) data directly and automatically in the hands of your officers on the street. It’s fully integrated with MobileCop and PocketCop, so you can very quickly and easily get this information to all your users, without costly custom interfaces, lag time to delivery, or retraining. With InfoExchange you can share data across jurisdictions and even access data from agencies which aren’t MobileCop users.

Mobile Office Solutions

Mobile Office Suite:™ This is a collection of front end applications for MobileCop that allow law enforcement users to perform specific field reporting tasks.

TStop™ A tool for agencies that want to quickly, easily and accurately capture traffic stop data in the field. Forms can be populated with data directly from query returns thereby reducing data entry time and capturing information quickly and accurately. Summary reports can be generated from the collected data.

Field Interview Tracker™ Enables users to easily capture field contact information and store it in a searchable database where it can be located quickly. Agencies can create online contact forms that meet their specific needs and multiple agencies can share information while using their own forms and procedures. Reports can be generated from the collected data.

PatrolJournal™ Enterprise A paperless, electronic method for recording and reporting officers’ daily field activities, giving their supervisors and command staff the “enterprise-wide” view they need to make sound decisions on how resources are allocated and dollars spent. PatrolJournal Enterprise ensures that all relevant field activity data from MobileCop® and MobileRescue™ users is captured immediately and accurately. It comes with powerful reporting tools to interpret that data for flagging unusual or time-intensive activities and identifying trends, justifying budget requests for additional personnel, and determining how and where to redeploy officers and units.

State Crash Report™ An add-on field reporting application that allows users to capture information regarding vehicle crashes, store the data for future use and generate reports in a state-approved format.

MobileCop Navigator A cost-effective mapping solution for public safety agencies, accessible to both in-car and office-based users. Based on Microsoft MapPoint, MobileCop Navigator provides easy-to-use mapping features, such as in-car display of location and driving directions generated automatically from CAD call information, without extensive map creation or maintenance of a full scale GIS mapping system. MobileCop Navigator reduces radio voice traffic by letting officers in the field obtain the specific location of a call or other destination, without dispatcher involvement.

Fingerprint Matching Solutions

IdentityEngine™Based on Bio-Key's award winning fingerprint matching algorithms, this fingerprint identification and matching system is a drop-in, affordable, fully scalable, high-speed fingerprint identification subsystem for law enforcement and corrections that provides quick identification by accessing local fingerprint files through one of four front-end applications:

ID-Match™ A browser-based front end application for reviewing detailed fingerprints records in the station.

ID-Mobile™ Wireless Identification add-on into ID-Engine database for in-field identification of persons from a reader-equipped MDC or approved handheld device.

ID-Track™ An inmate tracking and accountability application for use in detention facilities that provides quick, positive inmate identification from intake to release. Available in 2008.

ID-Visit™ An inmate visitor identification and control application that gives detention facilities the ability to verify visitor identity, reduce visitor registration time, and track who comes in and when. This can also be used for volunteers, teachers, chaplains, etc. Available in 2008.

Partner Solutions

EZ-License A complementary software application from Positive Access Corporation that works in conjunction with MobileCop® to enable a law enforcement or authorized traffic officer to swipe a magnetic stripe or scan the bar code on the back of a driver’s license and import that information directly into MobileCop. Once the information is in MobileCop, the user can run NCIC, Drivers License and other queries without re-typing the driver’s license data—saving officer time and improving the accuracy of the data capture.

IntelliViewer™ A wireless video monitoring platform and mobile command system from AirVisual, which accepts content from any video source or other content feed, e.g., mapping (GPS), CAD or other security/safety sensor. The platform can then deliver the information across a variety of networks and display it on BIO-key’s mobile data solution-enabled devices. Video that’s available at the command center is now immediately and directly accessible by police, fire and other first responders in the field. With IntelliViewer on MobileCop®, MobileRescue™ or PocketCop® devices, they can remotely access and monitor video feeds from enabled surveillance and security cameras anywhere in the community.

iPass Over-the-air device management software that moves updated releases of MobileCop to the laptop in the patrol car over a network and installs them with minimal (or no) user intervention, significantly decreasing the administrative overhead and time associated with deploying MobileCop upgrades to the entire fleet. In addition to MobileCop upgrades, iPass can be used for remote updates of other software on the mobile devices (e.g., operating system and browser software), as well as enhanced file transfer functions.

Electronic Ticketing BIO-key offers customers a choice of the two leading electronic citation solutions – both integrated with MobileCop – that enable law enforcement officers to issue a traffic citation from the mobile data computer in the patrol vehicle:
o QuickTicket from Advanced Public Safety (APS)
o MobileCitations from Cardinal Tracking

These solutions quickly pay for themselves:
o improving the accuracy of citation data for later court disposition,
o pulling relevant data from MobileCop and the agency’s CAD,
o and auto-populating fields into electronic citation form on the computer screen.

The traffic offender’s information is obtained utilizing the data returned from NCIC and motor vehicle queries through MobileCop, and/or the information provided on the driver’s license (which can be captured with the EZ-License solution described above). With a compatible remote printer, a paper citation can be printed on-scene, reducing time and cost to the agency.

MTG with RadioRoam Connectionware from Radio IP Software that lets a MobileCop user connect from more than one available network. Together with the MobileCop InfoServer capability to simultaneously support two or more heterogenous networks, MTG allows the agency to take advantage of existing high-speed public communications networks or 802.11 hotspots, either to leverage the faster speeds of these systems or to serve as back-up to their primary radio network. MTG with RadioRoam® seamlessly and efficiently finds the best connection for each user at any given time.

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Products - Biometrics

Biometrics: BIO-key’s patented, high-performance biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise data to improve security, convenience and privacy while reducing identity theft. BIO-key’s biometric technology is a step ahead of AFIS or other biometric systems for real-time identification of individuals. Our technology provides a very discriminating set of data, allowing us to do positive identification based on a single finger scan. Utilization of our biometric software technology provides corporations and agencies with the highest security to ensure the safety and steadfast protection of valuable information as well as the ultimate tool to prevent identity theft.

The advantages of BIO-key's technology stem from Bio-Key's finger identification algorithm, Vector Segment Technology™ (VST). VST offers the critical ingredient that most security solutions lack, true identification.

BIO-key’s patented Vector Segment Technology™ (VST) with True User Identification (TUI™) is a fingerprint algorithm and database development toolset that allows users to tightly integrate biometric verification and/or identification into new or existing applications and middleware. VST with TUI includes all the tools needed by developers and integrators to quickly and easily add secure and super-scalable fingerprint verification and identification functionality to applications and product platforms, giving them complete control over the user environment and authentication processes.

VST accuracy has been validated by the National Institute of Standards and Technology (NIST), the US government’s independent testing laboratory and standards body.

NIST, using test databases totaling more than 11 million people, validated VST performance in more than 3.3 trillion match operations. The largest test database, collected by the US Department of Homeland Security via the USVISIT program, yielded a true match rate for VST of 99.33% using just a two finger match set.

There are two forms of biometric fingerprint technology:

Verification, which requires an accompanying user ID, password or PIN to perform a 'one to one match' to establish a person's identity. This technique does not prevent a person enrolling into a system under multiple identities/names and requires the deployment and the associated upkeep of the user ID, password, PIN or token.

Identification, which requires only a biometric sample, such as a fingerprint, and nothing else. The user does not have to remember anything, cannot lose anything, and is protected against identity transfer and theft.

How True Identification Can Increase Profitability

Protection against data loss: When users integrate BIO-key technology into their applications, their employees, customers, or business partners no longer need passwords, cards or tokens that can be exchanged or stolen. Their proprietary data is more secure when protected by biometric data alone.

Lower administration costs: Once users register their fingers in a BIO-key system, no ongoing administration is necessary. Unlike passwords, which require regular updates and changes, fingerprints are good for life.

Lower support costs: BIO-key systems eliminate help desk calls for forgotten passwords or PINs. (A national survey showed that help desk calls for forgotten passwords cost $150 to $300 annually per person for every person on the system)

Protection against fraud: With BIO-key, there is no reason for customers to continually send credit card numbers or other sensitive information over the Internet.

Consumer confidence: Although many individuals participate in Internet commerce, many more are afraid to purchase online because of discomfort with security levels. The superior security provided by BIO-key technology increases consumer confidence and helps you get and keep customers.

Signature guarantee: If you accept digital signatures or e-sign, can you be sure that the signature really belongs to the party using it? BIO-key can be employed to guarantee digital signatures.

Other Benefits of BIO-key Technology

In addition to its security and profitability benefits, BIO-key technology also offers:

An open architecture integrates easily into existing applications and databases.

Speed. Bio-key's algorithm identifies users in 2 seconds or less, regardless of database size. This makes BIO-key an ideal security solution for companies both large and small.

Flexibility. Bio-key's technology works with many different fingerprint reading devices from multiple manufacturers.

Highly accurate. The performance rate of Bio-key's finger identification algorithm reaches far beyond industry standards.

Web compatibility to any ISP.

Multi-layer, triple encryption to prevent fraudulent capture or replay of fingerprint data.

Compatible with virtually every major fingerprint reader/manufacturer, giving you flexibility to choose the reader for your application. With a single enrollment, install different readers for desktops, laptops, public portals, PDAs, wireless devices and doors (entry access).

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What is Biometrics?

Biometrics is the science and technology of measuring and statistically analyzing biological data. Today, many companies are exploring biometric technologies for authenticating users.

Fingerprint, voice, signature, hand geometry, face geometry and iris or retinal scans are all in use today. Each different type has its advantages and disadvantages, making each suitable for different types of applications. Fingerprint is the most mature and most commonly used type for most applications. Fingerprint readers have matured and practical to deploy, Every major laptop manufacturer offers embedded readers in their standard offerings. BIO-key works with every major fingerprint reader manufactuer, giving you the flexibility to choose the best reader for each application. You can even install a variety of readers for different purposes, such as desktops, laptops, public portals, PDAs, wireless devices and doors (entry access), all with a single enrollment.

Fingerprint biometric systems are more mature than other types of biometric systems and offer superior accuracy. They represent an easy and affordable way for applications to quickly and easily determine the identity of someone looking to access a facility, on-line account or database. BIO-key's fingerprint biometric identification software can be adopted into any existing or new application and improves system security while reducing the headaches and costs associated with supporting traditional password and/or token based security systems.

Each fingerprint is unique. Also, each finger on each hand is unique. So if a Right Index Finger of person A is enrolled, they must use the Right Index to authenticate... all other fingers on the same person are different. So a biometric security application can be implemented to define specific fingers for specific actions or meanings. For example, Right and left index fingers are used to allow "normal" entry into an application, while the right middle finger used to identify entry into the application "under duress".

Recent News and Press Releases

BIO-key(R) Receives New Mobile Data Contract Award From Indiana Police Agency
PR Newswire(Mon, Mar 31)

BIO-key(R) to Sponsor and Exhibit at AABB Spring Conference
PR Newswire(Thu, Mar 27)

BIO KEY INTERNATIONAL INC Files SEC form 10KSB, Annual Report
EDGAR Online(Wed, Mar 26)

BIO KEY INTERNATIONAL INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and
EDGAR Online(Tue, Mar 18)

BIO-key(R) Reports Fourth Quarter and Year-End 2007 Results
PR Newswire(Mon, Mar 17)

BIO-key(R) Announces Fourth Quarter and Full Year 2007 Earnings Release and Conference Call Schedule
PR Newswire(Mon, Mar 10)

BIO-key(R) Releases New Version of Software for BlackBerry Smartphones
PR Newswire(Mon, Mar 10)

San Diego Harbor Police Deploy BIO-key(R) Automated Vehicle Location System
PR Newswire(Mon, Mar 3)

Indiana Blood Center Signs BIO-key(R) Contract
PR Newswire(Mon, Feb 25)

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Management

Mike DePasquale - CEO, Director
Mr. DePasquale brings more than 20 years of successful executive and sales and marketing experience as Director and CEO of BIO-key International. Most recently, he was President and CEO of Prism eSolutions a company specializing in professional consulting services and online solutions for ISO-9001/14000 certification for customers in manufacturing, healthcare and government markets. Mr. DePasquale has also served as Group Vice President for WRC Media, Sr. Vice President of Jostens Learning, Vice President of Sales and Marketing with McGraw-Hill; and as Director of Marketing and Sales Group Manager with Digital Equipment Corporation. Mr. DePasquale holds a Bachelor of Science Degree in Industrial Management and Engineering from the New Jersey Institute of Technology and has attended both the Harvard University and Babson College Executive Development Programs.

Frank Cusick - Chief Financial Officer
Prior to joining BIO-key, Mr. Cusick was Chief Financial Officer, Vice President of Finance and Treasurer for SANgate Systems, a multi-national provider of storage hardware and software. At SANgate Mr. Cusick was instrumental in developing comprehensive financial planning and business forecasting processes. Prior to that, Mr. Cusick was the Corporate Controller for Equipe Communications Corporation where he implemented a new business information system and developed systems and processes that ensured a high degree of financial controls. Mr.Cusick’s background also includes serving as the Senior Vice President, Finance for Parametric Technologies and holding senior finance positions with Ascend Communications, Cascade Communications, Synernetics and Xyvision. Frank has a BA from Boston College and a MBA from Bentley College.

Randy Fodero, Vice President of Sales
Randy Fodero has served as VP of Sales since March of 2003 and brings more than 20 years of successful executive and sales management experience to BIO-key. He has held key management roles with Veritas Software, Agile Software, Memco Software and CommVault Systems. At CommVault Systems, Mr. Fodero was a key member of the management team participating in the management buy out and as the Vice President of Sales, Randy grew revenues to over $36M. At Memco, a leading provider of information security software to Fortune 1000 companies, Mr. Fodero's efforts were key in increasing sales and enhancing shareholder value (Platinum Technology acquired Memco Software). He holds a Bachelor of Science Degree in Business Administration from Monmouth University.

Mira K. LaCous, Vice President of Technology & Development, Biometrics
Mira LaCous has nearly 20 years of software development plus over 8 years of company leadership experience. Ms LaCous has lead and managed software development and product management teams most of her career. Mira’s background includes successfully bringing technology to market including automated voice response systems, building control systems, software piracy protection, intranet training materials and testing, page layout and design software, scanning software and systems, biometric security, biometric algorithms and more. Ms LaCous is also the author of several patented and patent pending technologies and has been an officer or director of three companies; National Computer Systems (NCS), TEL-Line Systems and BIO-key International. Ms LaCous has Bachelors in Computer Science from the North Dakota State University as well as all but Dissertation towards a Masters Degree.

Kenneth S. Souza - General Manager Law Enforcement Business Unit, Senior Vice President of Development and Chief Technology Officer
Ken Souza contributes over 25 years of successful technical, sales and marketing experience with an extraordinary record of achievement. Prior to joining BIO-key, Souza was Vice President of Industry Solutions for EMC Corporation. His background also includes a number of executive positions within the industry including Vice President for the e-Commerce & Strategic Planning Enterprise Systems Group, Compaq Computer, Vice President of Worldwide Solutions Marketing Services and Training, Director of Workstations Marketing & Sales and Director of Competitive Strategies, Digital Equipment Corporation. In the early 1980's, Mr. Souza held technical sales and management positions with Hewlett Packard Enterprise System Group. His experience also includes executive positions with a venture funded MRP software company where he was responsible for increasing revenues by 250%

Roy Wicklund- Vice President of Programs and Customer Service
Roy Wicklund brings over 30 years of successful sales, administrative and process experience in the technology field. Prior to joining BIO-key, Wicklund was Vice President, Worldwide Sales Operations for HP Services. In addition to his experiences at ]Hewlett Packard, Roy held various executive management roles at Compaq Computer Corporation as well as Digital Equipment. Wicklund has a BS in Math and Computer Sciences from Dubuque University and a MBA from DeAnza College. In addition, he completed the executive development program at Harvard University.

Charles "Bud" Yanak - Vice President of Marketing
Bud Yanak has more than 25 years of experience leading the successful development, commercialization, marketing and licensing of technology for security, electronics and industrial companies. He has held executive-level marketing positions at organizations including Iridian Inc. as VP of Marketing and Business Development, a leading biometric company; Avery Dennison, a global supplier of barcode identification systems; and Mars Electronics Industrial Products Group. Most recently, Yanak was vice president of sales and marketing for BioLink Technologies, an enterprise security company. Mr. Yanak has a BS and MS in Engineering from Drexel University and an MBA from Temple University.

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Contacts

BIO-key International, Inc.
3349 Highway 138
Building D, Suite A
Wall, NJ 07719

Phone
732-359-1100

Investor Relations: investor@bio-key.com

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FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect BIO-key International, Inc. current expectations about its future results, performance, prospects and opportunities. BIO-key International, Inc. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause BIO-key International, Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

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