BIO-key Expands its US Product Portfolio

Bio-Key International (NASDAQ:BKYI) announced that it will debut its fingerprint biometric and bluetooth enabled bicycle lock in the US.

The company engaged in biometric authentication and security solutions would offer its product on Amazon before expanding its availability through broader retail distribution.

As quoted in the press release:

TouchLock Bike was created in response to the growing need for robust yet convenient security options for bikes. According to World Bank estimates, there are over two billion bicycles around the world today. With population increases plus the advent of electric-assist and e-bikes, by 2050 bicycles and e-bikes could reach five billion. Unfortunately, theft is a prevalent problem plaguing bike owners worldwide.

TouchLock Bike is offered in three versions; fingerprint (FP); Bluetooth only (BT); and fingerprint plus Bluetooth (Pro). Each version is durable, weather resistant, and sharable amongst friends and family.

TouchLock Bike extends BIO-keys TouchLock series of designer locks, padlocks and TSA-approved travel locks, all of which are available through Amazon, Best Buy and other partners and retailers.

TouchLock BT (Bluetooth) allows users to unlock their bike using facial recognition, a fingerprint, or a PIN number by using the TouchLock app on their smartphone.

Mike DePasquale, Chairman and CEO, BIO-key, commented, “BIO-key’s TouchLock Bike locks are sturdy, intelligent and easy to use, leveraging the security and convenience of our biometric technology as well as Bluetooth communications. The user-friendly nature of our TouchLock Bike series makes it more likely that owners will lock their bikes at every opportunity, and by removing keys and combinations that can be lost or forgotten, we believe TouchLock provides greater protection against theft. Further, the flexibility of our solution enables users to enroll friends, colleagues and family for convenient TouchLock access wherever your bicycle may be.”

“The U.S. launch of our TouchLock Bike padlock line via Amazon builds upon the excitement and sales momentum we have already initiated in Asia. We are excited to extend the reach of this product into the U.S. where we are optimistic about the sales prospects for the upcoming holiday season,” added Mr. DePasquale.

Click here for the full text release.