Jay Meier Joins BIO-key as Vice President Corporate Development

Thu Mar 7, 2013 8:00am EST

* Reuters is not responsible for the content in this press release.

  WALL, NJ, Mar 07 (Marketwire) -- 
BIO-key International, Inc. (OTCQB: BKYI), a global leader in fingerprint
biometric identification solutions, advanced mobile credentialing and
identity verification technologies, today announced that industry
veteran, Jay Meier, has joined BIO-key and has been appointed Vice
President Corporate Development. 

    "Jay brings a breadth of industry experience, both financial and
technical, as well as a strong record of achievement, to our management
team," said Mike DePasquale, CEO, BIO-key. "We are thrilled to have him
join our team. Jay's energy, vision, creativity and leadership will help
us continue to translate our leadership in biometric identification and
authentication technologies into innovative world class products and
solutions that are unparalleled in the market." 

    Before joining BIO-key, Jay was Founder & Managing Partner of Sage
Capital Advisors, which provides economic, capital market and strategic
consulting services in the Security, Credentialing and Identity
Management industries. Prior to that, Jay was SVP of Corporate
Development for OTI-America, a leading provider of contactless smart card
solutions. Previous to OTI, Jay worked as Finance Controller for a
healthcare services firm and for many years as a Senior Research Analyst
at various boutique investment banks. In June 2006, Jay published Secure
Credentialing & Identification -- Wall Street's first and most
comprehensive industry research overview of the Security, Biometrics,
PKI, Smartcard, Credentialing and Identity Management industries. In
2003, he ranked in the 99th percentile of all securities analysts in
North America. In 2004, he ranked in the 97th percentile. In 2005, the
StarMine/Forbes Magazine Securities Analyst Ranking Survey named Jay "8th
Best Stock Picker in North America." Jay earned a BS-Economics from the
University of Wisconsin-Madison in 1992.

    As VP Corporate Development, Jay will be responsible for strategic and
corporate development, primarily in the Healthcare markets. With his
extensive financial analytical experience, he will also support C-level
management regarding BIO-key's operational execution, as well as manage
BIO-key investor relations.

    About BIO-key
 BIO-key International, Inc., headquartered in Wall, New
Jersey, develops and delivers advanced identification solutions to
commercial and government enterprises, integrators, and custom
application developers. BIO-key's award winning, high performance,
scalable, cost-effective and easy-to-deploy biometric finger
identification technology accurately identifies and authenticates users
of wireless and enterprise applications. Our solutions are used in local
embedded OEM products as well as some of the world's largest
identification deployments to improve security, guarantee identity, and
help reduce identity theft. BIO-key's technology is offered directly or
by market leading partners around the world. (http://www.bio-key.com)

    BIO-key Safe Harbor Statement
 Certain statements contained in this press
release may be construed as "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 intended to identify
forward-looking statements. Such forward-looking statements are made
based on management's beliefs, as well as assumptions made by, and
information currently available to, management pursuant to the
"safe-harbor" provisions of the Act. These statements are subject to
certain risks and uncertainties that may cause actual results to differ
materially from those projected on the basis of these statements. These
risks and uncertainties include, without limitation, our history of
losses and limited revenue, our ability to develop new products and
evolve existing ones, the impact on our business of the recent financial
crisis in the global capital markets and negative global economic trends,
our ability to attract and retain key personnel. For a more complete
description of these and other risk factors that may affect the future
performance of BIO-key International, Inc., see "Risk Factors" in the
Company's Annual Report on Form 10-K for the year ended December 31, 2011
and its other filings with the Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date made. The
Company also undertakes no obligation to disclose any revision to these
forward-looking statements to reflect events or circumstances after the
date made or to reflect the occurrence of unanticipated events. 

    

Contacts: 
BIO-key International, Inc.
Jay Meier
Jay.meier@bio-key.com
651-789-6116 

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