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2016-02-22

IDEX ASA: BIO-key Introduces SideTouch(TM) Compact USB Fingerprint Reader with IDEX Eagle Sensor for Windows Devices at Mobile World Congress 2016

Combines IDEX' Eagle Touch Sensor with BIO-key's Universal Windows Biometric
Framework Software

Barcelona, Spain, February 22, 2016
- BIO-key International, Inc. (OTCQB: BKYI), an innovative provider of strong
interoperable biometric authentication solutions, announced that the company
has combined IDEX's (IDEX.NO) advanced off-chip sensor technology with
BIO-key's NIST-tested universal Windows Biometric Framework (WBF) fingerprint
engine, to introduce a USB fingerprint reader that operates on both Windows
and Android platforms. SideTouch was developed to address the growing
market of enterprise and consumer users wanting to replace passwords with
biometric authentication solutions such as Windows Hello, on existing
devices. The initial product launch of SideTouch is scheduled for the
Mobile World Congress, Barcelona, Spain, February 22nd- 25th. Learn more and
witness a live demonstration by visiting IDEX at Hall 1 Stand 1 H25, and
contactbkyi@catalyst-ir.comto receive information on any BIO-key/IDEX press
events.

"Our Eagle off-chip fingerprint sensor solution offers a high performing touch
sensor at a very compelling price point and is ideal for integration into the
SideTouch (TM) USB Reader," said Dr. Hemant Mardia, CEO of IDEX. "We are very
pleased to be part of this authentication solution which will drive user
friendly security across multiple platforms."

Thanks to the success of Apple's Touch ID and Microsoft's extensive
advertising of their new biometric authentication platform Hello, there is a
fast-growing market comprised of Windows and Android customers who understand
and want the benefits of secure and convenient biometric logon, but who have
laptops and tablets that lack an integrated fingerprint touch device. With
the introduction of SideTouch, millions of mobile device owners now have a
biometric logon option that is affordable (MSRP $39.99), easy-to-install and
easy to use. Additionally, enterprise customers can use BIO-key's ID
Director for Active Directory and WEB-key Biometric Asset Management software
along with SideTouch to biometrically secure their Active Directory
authentication workflows for protected company files and applications.
Better still, enterprises can mix and match SideTouch with any other of over
40 BIO-key-supported fingerprint scanners across their enterprise. BIO-key's
unique scanner-interoperable capabilities make this possible.

After taking just a few moments to enroll, customers can use SideTouch to
identify on any Windows or supported Android device with an OTG USB port.

"There is a growing demand for cost-effective biometric technology, driven by
customers that want greater security, but want to improve the user experience
and convenience," stated Mike DePasquale, BIO-key Chairman&CEO. "Thanks to
the overwhelming success of Apple's Touch ID on the iPhone, and the inclusion
of finger scanners in a variety of smartphones and tablets from various
manufacturers, fingerprint is unquestionably the dominant method of biometric
authentication. Numerous media articles have pointed out that most users
won't be able to use Windows Hello, because they lack the scanners to do so.
BIO-key is meeting this market need with another great, affordable device
incorporating new and innovative technology from IDEX," DePasquale added.

About BIO-key

BIO-key is Revolutionizing Authentication, as our easy-to-use biometric
solutions enable convenient and secure information access and transactions,
whether in-person or online. We eliminate the need for passwords, PINs,
tokens and cards, and make it easy for enterprises and consumers to secure
their devices, as well as information in the cloud. Our premium finger
scanning devices SideTouch, SideSwipe and EcoID offer market leading quality,
performance and price. Now anyone can BIO-key their world!
(http://www.bio-key.com
)

About IDEX

IDEX (IDEX:NO) has developed the world's most advanced fingerprint imaging,
recognition and authentication technology. IDEX's innovative Intellectual
Property is protected by more than 225 patents. As the only vendor in the
market the company offers a portfolio of both silicon and off-chip sensors.
IDEX's addressable market represents a multi-billion unit opportunity,
centered on Mobile Devices, ID and Smart Cards, and the Internet of Things
(IoT). IDEX is a Norwegian public company, founded in 1995, and its shares
are listed on the Oslo Børs (Oslo stock exchange). For more information,
please visitwww.idex.no

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, 2014 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.

Investor&Media Contacts:

David Collins, Tanya Kamatu
Catalyst Global
212-924-9800
bkyi@catalyst-ir.com

-o-

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: IDEX ASA via Globenewswire

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