Futu News reported on September 11 that fingerprint biometrics technology company $BIO-key International (BKYI.US)$ There was a sharp rise in the pre-market today. As of press release, the stock is now up 33.5% to $2.67, with a pre-market turnover of $2.1095 million, up more than 50% before the market.

It is worth mentioning that BKYI rose more than 90% yesterday, and the turnover reached 0.323 billion US dollars. The turnover rate was nearly 90 times, and finally closed up 97.04%.

According to the news, the company announced yesterday that it has received a new order worth more than 0.5 million US dollars from the government military industry department to purchase Bio-Key's biometric user authentication solution.

The Ministry of Defense continues to expand the deployment of Bio-Key's biometric authentication solutions to new projects and user scenarios, providing convenient phone-less, tokenless, and password-free certified access to digital services for over 33,000 users. Bio-Key is expected to receive more orders over the coming period as the Department of Defense expands its solutions to more Department of Defense personnel.

Jim Sullivan, senior vice president of strategy and chief legal officer at Bio-key, said:

“As our partnership with this innovative customer continues to grow and our influence in the defense industry continues to grow, it is a great honor for us to be trusted to use biometrics to ensure that only authorized users have access to the most sensitive information. Bio-key has long provided safe and stable solutions for highly regulated industries such as government, defense, finance, and retail. We found that our excellent user experience and cost-saving tokenless solution also excelled in the field of enterprise authentication.”

About the company

Bio-Key is a company that develops and sells fingerprint biometrics and authentication technology, authentication transaction security technology, and related identity management and credential biometrics hardware andsoftwaresSolution company.

It is worth mentioning that some industry insiders told Futu News that since there is no limit on the rise or fall rate, there are many cases where US stocks with small market capitalization soar and fall. The risk is high, so investors should be aware of the risks.