BIO-key Awarded $800K Follow-On Order For Biometric User Authentication From A Government Defense Ministry
Portfolio Pulse from Benzinga Newsdesk
BIO-key has been awarded an $800K follow-on order for biometric user authentication from a government defense ministry. This is expected to boost the company's revenues and strengthen its position in the biometric security market.
November 06, 2023 | 1:00 pm
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BIO-key's $800K follow-on order from a government defense ministry is likely to increase its revenues and enhance its market position in the biometric security sector.
The $800K order is a significant revenue source for BIO-key and demonstrates the company's competitive strength in the biometric security market. This could potentially attract more customers and investors, driving the stock price up in the short term.
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