BIO-key chairman and CEO Michael DePasquale has confirmed that the biometric identification solutions provider expects to have closed out 2015 with a strong fourth quarter performance.Although noting that results are not yet final, DePasquale said that results exceeded both the bottom end of the firm's revenue guidance range of $1.4M to $2.2M.He added that based on this performance, that full year 2015 revenues are slated to fall within a guidance range of $5.0 – $6.0 million, an increase of at least 25% over 2014 revenues of $4.0 million.”One of the clear catalysts for BIO-key's growth in 2015 was the introduction of a series of compact, cost effective fingerprint readers, SideSwipe and EcoID. These products, which we believe will act as catalysts for growth in 2016 and beyond, have helped BIO-key evolve into a provider of larger, more comprehensive solutions,” he said.Notable achievements during the quarter included the firm's Hong Kong subsidiary BIO-key HK, delivering an initial fingerprint biometric solution to a global payments company through a new strategic partnership with China Goldjoy.The firm also closed a $485K order with a large regional healthcare institution that will utilize BIO-key's biometric solutions to meet two factor authentication requirements for Electronically Prescribed Controlled Substances and access to Electronic Medical Records.BIO-key will be exhibiting at connect:ID 2016, 14-16 March, Washington DC. connect:ID is an international conference and exhibition that focuses on all aspects of identity technologies and the opportunities for their management in both the physical and digital worlds. http://www.connectidexpo.com
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