BIO-key secures $1.04M license renewal from foreign retail bank; cash at $2.7M

BIO KEY INTERNATIONAL INC

$1.04M one-year renewal from foreign retail bank (client since 2015), up 30% YoY.
Bank's biometric deployment grew from 7M to over 30M enrolled clients.
Year-end cash position of $2.7M; management expects sufficient liquidity for growth.
Renewal includes 5% expected enrollment growth; 10,000 employees use fingerprint tech.
CEO cites growing traction in large-scale deployments to bolster working capital.

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