BKYI

Portuguese National Security Agency Selects BIO-key and Visualforma to Strengthen Identity Security

BIO-key expands Portugal public-sector footprint with national security agency contract

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    <h3>Information</h3>
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    <h3>AI Summary</h3>
    <p>BIO-key International and its Portuguese partner Visualforma won a contract to bolster digital identity security for Portugal&#039;s national security agency. The deal integrates PortalGuard, WEB-key, IBB, PIN:You, and EcoID III to enhance identity verification and cyber resilience. This could improve near-term revenue visibility and support longer-term European public-sector growth.</p>
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    <h3>Key Points</h3>
    <ul><li>BIO-key and Visualforma win Portuguese national security contract. Expands government footprint.</li><li>Contract includes PortalGuard, WEB-key, IBB, PIN:You, EcoID III.</li><li>Centering identity management and multi-factor authentication across agencies.</li><li>Executives cite Europe expansion and security-critical deployments.</li></ul>
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    <h3>Companies Mentioned</h3>
    <ul><li><strong>BIO-key International, Inc. (BKYI)</strong>: Announces contract win with Portugal&#039;s national security agency; potential revenue upside and European government exposure.</li><li><strong>Visualforma (Visualforma)</strong>: Strategic Portuguese partner enabling expansion into high-security public-sector deployments; no U.S. listing.</li></ul>
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    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. Fits as a material contract win and Europe-scale expansion, signaling potential revenue trajectory and strategic footprint growth for BKYI.</p>
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    <h3>Market-Moving</h3>
    <ul><li>New government contract expands BIO-key&#039;s Europe public-sector opportunities.</li><li>Partnership with Visualforma accelerates Portugal market penetration.</li><li>Product suite signals potential cross-sell into high-security government agencies.</li><li>Contract value and timing are not disclosed, creating revenue visibility uncertainty.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date of release: Aug 10, 2026.</li><li>Contract involves Portugal&#039;s national security agency.</li><li>Joint announcement with Visualforma (Portuguese partner).</li><li>BIO-key portfolio referenced: PortalGuard, WEB-key, Identity-Bound Biometrics (IBB), PIN:You, EcoID III.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>BKYI could rise in the near term on this contract win, with optionality from European public-sector expansion over the next 6–12 months.</p>
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    <h2>Portuguese National Security Agency Selects BIO-key and Visualforma to Strengthen Identity Security (BKYI)</h2>
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    <p>FARO, Portugal and HOLMDEL, N.J., Aug. 10, 2026 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (NASDAQ: BKYI), a global innovator in Identity and Access Management (IAM) and biometric authentication solutions, today announced that, together with its strategic Portuguese partner Visualforma, it has been awarded a new contract to strengthen digital identity security for a Portuguese national security agency.</p>
    <p>The award represents a significant expansion of BIO-key’s and Visualforma’s longstanding collaboration within the Portuguese public sector. Following successful deployments across government organizations and municipalities, it now extends into one of the country’s most security-sensitive environments, where identity assurance, privileged access protection, and regulatory compliance are mission-critical.</p>
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    <h3>Contract Scope and Security Framework</h3>
    <p>The solution combines centralized identity management with multiple authentication methods, enabling secure access for authorized personnel while reducing operational complexity and strengthening cyber resilience against evolving threats.</p>
    <p>The deployment includes BIO-key’s enterprise identity portfolio, including:</p>
    <ul>
      <li><strong>PortalGuard</strong><sup>&#xAE;</sup> – Enterprise Identity and Access Management platform with Multi-Factor Authentication, Single Sign-On, self-service password management, and centralized identity governance.</li>
      <li><strong>WEB-key</strong> – BIO-key’s enterprise biometric authentication platform providing fingerprint-based identity verification.</li>
      <li><strong>Identity-Bound Biometrics (IBB)</strong> – Authentication that securely binds digital identities to verified individuals rather than devices or credentials.</li>
      <li><strong>PIN:You</strong> – Secure PIN-based authentication for environments where biometric authentication is not required.</li>
      <li><strong>EcoID III</strong> – FBI PIV-certified biometric fingerprint scanners designed for high-security government deployments.</li>
    </ul>
    <p>The contract supports strict operational and cybersecurity requirements while enabling secure access across administrative systems, privileged accounts, and critical applications used within the agency.</p>
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    <h3>Executive Perspectives</h3>
    <p>“This award reflects the confidence that Portuguese public institutions continue to place in Visualforma’s ability to deliver secure and reliable digital transformation projects,” said, <strong>Humberto Bento, Operations Director at Visualforma</strong>. “Working together with BIO-key allows us to provide advanced identity protection capabilities that meet the demanding security requirements of national institutions where trust, resilience, and operational continuity are essential.”</p>
    <p>“This latest award demonstrates how our partnership with Visualforma continues to grow beyond municipal and public administration projects into some of Portugal’s most security-critical organizations,” said <strong>Alex Rocha, Managing Director, BIO-key International</strong>. “National security agencies operate in environments where identity is the first line of cyber defense. By combining enterprise Identity and Access Management with identity-bound biometric authentication, we help ensure that access to critical systems is verified, auditable, and tied to the individual—not simply a password, token, or device. We are proud to support Portugal’s continued investment in protecting its most sensitive digital infrastructure.”</p>
    <p>This engagement reflects progress in BIO-key’s strategy of expanding its presence within government and critical infrastructure organizations across Europe by working alongside leading regional technology partners with deep expertise in secure, public-sector digital transformation.</p>
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    <h3>About Visualforma and BIO-key</h3>
    <p><strong>About Visualforma</strong> (<a href="https://www.globenewswire.com/Tracker?data=eruDFe4nx4nueDpehh_z9r9bfb_tpU-5U2GxomqDoLtjw4QdruSHSHwnxKfdwGMw0_VZjI6YBH6X6_kgLb-YHukc_HlOLJcge5gkcJWkgz8=" rel="nofollow" target="_blank"><strong>visualforma.pt</strong></a>)<br/>Visualforma is one of Portugal’s leading technology integrators, with more than three decades of experience delivering digital transformation, cybersecurity, infrastructure, and managed services to government organizations, municipalities, education, healthcare, and enterprise customers. The company has established itself as a trusted partner for organizations requiring secure, resilient, and compliant digital environments.</p>
    <p><strong>About BIO-key International, Inc.</strong> (<a href="https://www.globenewswire.com/Tracker?data=t9xOiqyh9CoD0ZR-cE3aGz0UGHFUyWATnP4ZtVqU4FIYH88vZBjiS0BBtIYMUdGHyX6GZHGYWLRrz5CbD4rsZi1jCAhTAWDV9bSR-OavCw8=" rel="nofollow" target="_blank">www.bio-key.com</a>)<br/>BIO-key International (NASDAQ: BKYI) is a global provider of Identity and Access Management (IAM) and biometric authentication solutions, protecting more than 40 million users worldwide. BIO-key’s PortalGuard platform delivers enterprise-grade Multi-Factor Authentication, Single Sign-On, passwordless authentication, biometric identity verification, and Identity-Bound Biometrics (IBB), helping organizations strengthen security while simplifying user access across cloud and on-premises environments.</p>
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    <h3>Safe Harbor</h3>
    <p><strong>BIO-key Safe Harbor Statement</strong><br/>All statements contained in this press release other than statements of historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. BIO-key undertakes no obligation to update any forward-looking statements except as required by applicable law.</p>
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BIO-key International and its Portuguese partner Visualforma won a contract to bolster digital identity security for Portugal's national security agency. The deal integrates PortalGuard, WEB-key, IBB, PIN:You, and EcoID III to enhance identity verification and cyber resilience. This could improve near-term revenue visibility and support longer-term European public-sector growth.

News insight

Portuguese National Security Agency Selects BIO-key and Visualforma to Strengthen Identity Security

AI summary

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Key facts

Corporate Developments