BIO-key International, Inc. (otcqb:BKYI) and IDEX ASA (ose:IDEX) have entered into a license agreement and will collaborate to deliver a sensor-to-server infrastructure solution for trustworthy, yet simple and low-cost, in device and online authentication for consumer applications and in particular the smartphone, tablet, and PC markets. The software and hardware combination will be capable of delivering the most accurate, flexible, and cost-efficient fingerprint biometric solutions available.

BIO-key is a global leader in fingerprint biometric identification solutions, advanced mobile authentication and identity assurance technologies and IDEX is a leader in low cost, high quality fingerprint sensor technologies.

Since 1997 IDEX ASA has been pioneering in the field of capacitive fingerprint sensing technology offering its award-winning miniaturized SmartFinger swipe and touch fingerprint sensors for mass market applications. SmartFinger is ideally suited for smartphones, tablets, PCs and other devices.

BIO-key develops and supplies its NIST-validated, highly accurate fingerprint matching software and WEB-key secure multifactor authentication platform. When combined, the IDEX/BIO-key solutions will provide handset, tablet, PC, as well as other device manufacturers and value-added resellers the most accurate and efficient identity assurance and fingerprint authentication available — both on device and in the cloud.

Gartner analyst Gregg Kreizman predicted recently that by 2020, 60% of all digital identities interacting with enterprises would come from an external provider, and fellow Gartner analyst Ant Allan predicts that by 2015, 30% of users accessing corporate networks or high-value Web applications from smartphones or tablets will use biometric authentication. This is the market that IDEX and BIO-key are positioned to capitalize on.[…]