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Investing.com -- BIO-key International, Inc. (NASDAQ:BKYI) stock surged 180% in premarket trading Monday after the biometric authentication provider announced a new partnership with IT2Trust, a major distributor of IT security solutions in Scandinavia.
The collaboration represents a significant expansion for BIO-key into the Nordic market, with IT2Trust set to distribute the company’s Identity and Access Management (IAM) solutions across Denmark, Sweden, Norway, and Finland. The partnership will focus on delivering GDPR-compliant identity protection technologies to enterprises and public sector organizations in the region.
Under the agreement, IT2Trust will distribute BIO-key’s full portfolio of IAM and biometric authentication products, including the PortalGuard IAM platform, Passkey:YOU passwordless solution, and various biometric authentication tools.
"This collaboration with IT2Trust is opening doors across the Nordics. Their trusted distribution and on-the-ground guidance, paired with BIO-key’s technology, are exactly what government teams are asking for," said Ana Marques, Territory Sales Director at BIO-key International.
Anders Enemark Mortensen, Founder & Marketing Director at IT2Trust, noted that "BIO-key’s proven identity and access management solutions perfectly complement our mission to deliver secure and innovative technologies to the Nordic market."
The partnership aligns with BIO-key’s European expansion strategy as the company seeks to bring its biometric authentication and identity management solutions to new markets. The company’s products are designed to strengthen identity protection, ensure regulatory compliance, and support secure digital transformation initiatives.
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