BIO-key PortalGuard Wins 2022 Fortress Cyber Security Award in Authentication andIdentity
WALL, N.J., June 8, 2022 – BIO-key® International, Inc. (NASDAQ: BKYI), an innovative
provider of Identity and Access Management (IAM) and Identity-Bound Biometric (IBB)
solutions, today announced that its BIO-key PortalGuard® platform has won the 2022 Fortress
Cyber Security Awards in the Authentication and Identity category. The industry awards
program sought to identify and reward the world’s leading companies and products that areworking to keep our data and electronic assets safe among a growing threat from hackers.
The global community of cyber security experts, technology
developers and governments are taking proactive steps to thwart
attacks and preventative measures to remain one-step ahead so
responses can be quick and efficient. With evidence that multifactor authentication has the ability to prevent as much as 80-90%,
of cyberattacks one of the most essential steps organizations cantake is to implement an authentication and identity strategy.
For multiple reasons, BIO-key PortalGuard® stands out for its ability to help organizations
implement a complete IAM strategy. It is the only IAM platform to offer Identity-Bound Biometric(IBB) authentication as part of its multi-factor authentication capabilities, which verifies theperson – not just a password, token, or device. It offers unmatched flexibility to support solution
consolidation and/or aggregation under one set of centrally managed security policies and drive
better user adoption. PortalGuard is also competitively priced, offering all capabilities of theplatform often at 50-60% below the competition, and is backed by a team of IAM experts, whoare easy to reach and act as an extension of the customer's IT team, thereby improving theircybersecurity posture quickly.
“Traditional authentication methods, based on something the user knows or has, are being
hacked,” says Michael DePasquale, BIO-key’s Chairman and CEO. “We are honored to have
PortalGuard recognized for its ability to not only control access, but more importantly for its
ability to offer true biometric authentication, a better way to authenticate, at a time when it isneeded more than ever.”
The Fortress Cyber Security Awards program highlights, discusses, and rewards creative
thinking, engineering, people, and projects that are taking on the growing cybercrime threat forthe benefit of the global community.
“We are so proud to name BIO-key PortalGuard as a winner in the 2022 Fortress Cyber
Security Awards program,” said Maria Jimenez, Chief Nominations Officer, BusinessIntelligence Group. “As our society continues to evolve and become more reliant on networks

and data, companies like BIO-key are critical at providing the protection and trust consumers
demand.”BIO-key PortalGuard offers an unmatched variety of choices for multi-factor authentication(MFA), single sign-on (SSO), self-service password reset (SSPR), and Identity-Bound
Biometrics and is well-suited for everyday use cases including remote workforces, third-party
access, Customer IAM (CIAM), and passwordless workflows. For over 20 years, PortalGuard
has been trusted by customers across multiple industries, including education, healthcare,manufacturing, finance, and government to reduce password-related help desk calls by up to95%, eliminate passwords, secure remote access, prevent phishing attacks, meet cyber
insurance requirements, and improve productivity for any IT team.
For information about BIO-key please visit the company website. For information about theannual Fortress Cyber Security Awards, please visit the awards website.

About BIO-key International, Inc. (www.BIO-key.com)
BIO-key has over two decades of expertise in providing authentication technology for thousandsof organizations and millions of users and is revolutionizing authentication with biometric-centric,
multi-factor identity and access management (IAM) solutions, including its PortalGuard IAM
solution, that provides convenient and secure access to devices, information, applications, andhigh-value transactions. BIO-key's patented software and hardware solutions, with industry
leading biometric capabilities, enable large-scale on-premises and cloud-based Identity-as-aService (IDaaS) solutions, as well as customized enterprise solutions.
About Business Intelligence Group (www.bintelligence.com)
The Business Intelligence Group was founded with the mission of recognizing true talent andsuperior performance in the business world. Unlike other industry award programs, theseprograms are judged by business executives having experience and knowledge. Theorganization's proprietary and unique scoring system selectively measures performance acrossmultiple business domains and rewards those companies whose achievements stand above
those of their peers.
BIO-key Safe Harbor Statement
All statements contained in this press release other than statements of historical facts 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," andsimilar expressions are intended to identify forward-looking statements. Such forward-looking
statements are made based on management's beliefs, as well as assumptions made by, andinformation currently available to, management pursuant to the "safe harbor" provisions of theAct. These statements are not guarantees of future performance or events and are subject torisks and uncertainties that may cause actual results to differ materially from those included
within or implied by such forward-looking statements. These risks and uncertainties include,
without limitation, our history of losses and limited revenue; our ability to raise additional capital;

our ability to protect our intellectual property; changes in business conditions; changes in oursales strategy and product development plans; changes in the marketplace; continued servicesof our executive management team; security breaches; competition in the biometric technology
industry; market acceptance of biometric products generally and our products underdevelopment; the duration and severity of the current coronavirus COVID-19 pandemic and its
effect on our business operations, sales cycles, personnel, and the geographic markets in which
we operate; delays in the development of products and statements of assumption underlying
any of the foregoing as well as other factors set forth under the caption see "Risk Factors'' in ourAnnual Report on Form 10-K for the year ended December 31, 2021 and other filings with theSecurities and Exchange Commission. Readers are cautioned not to place undue reliance onthese forward-looking statements, which speak only as of the date made. Except as required bylaw, the Company undertakes no obligation to disclose any revision to these forward-looking
statements whether as a result of new information, future events, or otherwise. Additionally,
there may be other factors of which the Company is not currently aware that may affect matters
discussed in forward-looking statements and may also cause actual results to differ materiallyfrom those discussed. In particular, the consequences of the coronavirus outbreak to economic
conditions and the industry in general and the financial position and operating results of ourCompany, in particular, have been material, are changing rapidly, and cannot be predicted.
Engage with BIO-key
Facebook – Corporate: https://www.facebook.com/BIOkeyInternational/LinkedIn – Corporate: https://www.linkedin.com/company/bio-key-international
Twitter – Corporate: @BIOkeyIntl
Twitter – Investors: @BIO_keyIR
StockTwits: BIO_keyIRMedia Contact
Erin Knapp
Matter on behalf of BIO-key
BIO-Key@matternow.com
Investor Contacts
William Jones, David Collins
Catalyst IR
BKYI@catalyst-ir.com
1-212-924-9800
Business Intelligence Group Contact
Maria Jimenez
Chief Nominations Officer
Business Intelligence Group
contact@fortresswards.com
1-909-529-2737